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Today's Headlines June 13, 2022

From Pandemic to Cyber War: Clear Policy Wording Is Key for Insurers

Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn't the first time in recent history that reworking policy language has been top-of-mind for the insurance industry, either. "The pandemic has shown some ambiguities can... read more
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Net-Zero Emissions Pledges by Big Global Companies Have 'Credibility Gaps': Report

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with "major credibility gaps" found among the world's largest companies, according to a new stocktake of net-zero efforts in the public and private sector. Roughly half of the Forbes 2000 largest companies have yet to announce plans to... read more
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 Brand Spotlight 
How Positive Policyholder Experience Creates A New Insurance Mindset

Emerging smart home technology offers the insurance industry a significant, potentially lucrative opportunity to enhance customer service and deliver experiences that people love. Customers traditionally only connect with carriers during processes like acquisition, renewal and claims – moments that aren't always associated with positive experiences. But ...read more
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Google Agrees to Pay $118M to Settle Pay Equity Suit

Alphabet Inc.'s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, law firms representing the women said in a statement. In addition, an independent expert will analyze Google's hiring practices and an independent labor economist will review the company's pay equity studies, Lieff Cabraser Heimann & Bernstein... read more
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Simone Biles, Other Women Seek $1 Billion-Plus From FBI Over Nassar

Olympic gold medalist Simone Biles and dozens of other women who say they were sexually assaulted by Larry Nassar are seeking more than $1 billion from the FBI for failing to stop the sports doctor when the agency first received allegations against him, lawyers said Wednesday. There's no dispute that FBI agents in 2015 knew... read more
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Citizens Adds Thousands of Policies but Has Yet to Complete Reinsurance Needs

Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting last week, Chief Operating Officer Kelly Booten said the state-run insurer of last resort had added about 12,000 policies in the last week, thanks in part to... read more
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Black Sea Mine Removal Needed Before Ukraine Grain Can Be Shipped, Insurers Return

As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement. The Black Sea is crucial for shipment of grain, oil and oil... read more
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Are Drivers Who Pay at the Pump More Creditworthy? Researcher Probes Alternate Credit Scores

What does your SAT score mean for your ability to pay off a car loan? What does your Facebook feed say about your chances of landing a mortgage? What does your propensity for snacking on road trips mean for your credit score? The answer: more than you think. Traditional credit scoring is based on a... read more
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Research and Webinars

The Prevalence & Impact of Insurance Fraud Schemes

According to the FBI, the insurance industry loses $40 billion per year to ...
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A Robot for Every Person

As the world has turned digital, technological business solutions continue ...
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How to Design the Claimant Journey with Empathy while Achieving Radical Automation

Automation is essential to the insurance industry's digital transformation ...
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Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting

According to Harvard Business Review, low-quality data costs U.S. businesses ...
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Learn How IAG Was Able to Shave Off 30 Minutes per Claim

A.I. Detects Fraudulent $13,000 Pizza Oven, Saves 30 Minutes per Claim. IAG ...
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Media

Captain: Aligning Incentives to Get Weather Damage Repaired Faster

InsurTech Newsletter


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