| Today's Headlines | February 4, 2022 |
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Climate change is one of the greatest challenges we currently face. As the situation escalates, nations and corporations are increasingly being held accountable for their actions (or lack thereof) to mitigate the fallout. Indeed, between 2017 and 2020, the volume of climate-related litigation cases filed globally sharply increased, with more than 1,800 court cases filed... read more | | |
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Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth-quarter financial results. Kemper Corp. reported a net loss of $105.8 million for the fourth quarter of 2021 compared to net income of $97.5 million for the same quarter in 2020. The company's consolidated... read more | | |
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Let's try some word association. Maybe we could begin with the word “change.” What does the word change mean to you? You can tell a lot about people (and about companies) by their responses to the concept of change. Does change cause excitement or dread ... read more | | |
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Allstate Corp. said fourth-quarter 2021 net income plummeted 50 percent compared to results of the prior-year quarter as auto claim frequency and severity increased. Adjusted net income for Q4 was $796 million compared to about $1.6 billion during the last three months of 2020. The combined ratio for the quarter increased 14.9 points compared to... read more | | |
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In contrast to their direct-to-consumer counterparts, startups developing software for insurance companies have commanded lower valuations and fewer headlines. While some are doing great work in pockets of the industry, we are yet to see a startup emerge as a dominant challenger to the likes of Guidewire, Duck Creek and Majesco. No doubt about it,... read more | | |
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Self-driving vehicle companies from Tesla Inc. to General Motors Co.'s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles. On Tuesday, Cruise said that SoftBank Group Corp. will invest another $1.35 billion in anticipation of Cruise launching commercial robotaxi... read more | | |
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The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Tuesday, keeping up a record pace of increased dangerous driving during the coronavirus pandemic. The estimated figure of people dying in motor vehicle crashes from January to September 2021 was 12 percent higher than the same... read more | | |
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Greensite Insurance Services, an Aon speciality insurance program, has launched a cannabis management liability program tailored toward private entities including startups that are looking for substantial management liability protection centered around cannabis. Greensite is underwritten by Golden Bear Insurance Company, an AM Best 'A' (Excellent) rated carrier with previous cannabis experience. Golden Bear's AM Best... read more | | |
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The pandemic shift to working at home has spurred blue-collar Americans—who've largely been left out of that trend—to seek a career change. A new study by the Oliver Wyman Forum found that the desire for more work flexibility was a key motivation for blue-collar employees to make the transition. It also said that almost four... read more | | |
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| | It's good to be in the E&S market right now. Indeed, E&S typically ... read more | |
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| | This paper will review the current model of incident response for ransomware ... read more | |
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| | Strategy Meets Action (SMA) offers insurers insights on advancements in premium ... read more | |
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| | The home improvement boom was an unexpected risk for the P&C insurance ... read more | |
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| | Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ... read more | |
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