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| | | | | | | Discover next-generation auto quoting | | | | As consumer expectations drive digital transformation in a competitive auto market, how can insurers adapt? See where automated underwriting can take you. | | | | | | | | Verisk | | |
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| Today's Headlines | January 20, 2022 |
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As the effects of climate change make themselves increasingly apparent in our world, businesses and individuals alike are rising to the occasion, in ways big and small, to help protect the environment. With the frequency of climate-related disasters on the rise, insurers can no longer avoid addressing the impact of a warming planet on their... read more | | |
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Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business attracted additional capital, which caused prices to stay stationary or fall, according to Fitch Ratings. Although reinsurers maintained underwriting discipline throughout the renewals, "abundant reinsurance... read more | | |
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The cost of many common building materials spiked throughout 2021, putting reconstruction top of mind for insurers. CoreLogic tracks construction costs for commercial, residential, and agricultural construction of all types of good (labor and materials) throughout the United States and Canada. In the latest Quarterly ... read more | | |
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A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane Irma, could have significant repercussions for self-insurers and insurance companies in the years ahead. Miami-Dade Circuit Judge David Miller issued the order last... read more | | |
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Bindable, an InsurTech for alternative distribution, joined Guidewire's Insurtech Vanguards Program, a new initiative led by property/casualty cloud platform provider Guidewire to help insurers learn about the newest InsurTechs and how to leverage them. Insurtech Vanguards is a community of select startups and technology providers. As part of the program, Guidewire provides guidance to and... read more | | |
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A group of the world's biggest insurers and reinsurers that jointly pledged to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their planet-friendly mission: competition law. The Net-Zero Insurance Alliance, which counts AXA SA, Allianz SE and Swiss Re AG among its members, has purposely limited the scope... read more | | |
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The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. "We're not going to stop fires," U.S. Agriculture Secretary Tom Vilsack said at a press event in Arizona alongside Forest Service chief Randy Moore.... read more | | |
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Computer scientists recently examined the performance of dialog systems, such as personal assistants and chatbots designed to interact with humans. The team found that when these systems are confronted with dialog that includes idioms or similes, their performance drops to between 10 and 20 percent. The research team also developed a partial remedy. They wrote... read more | | |
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| | "Managing agent licensing is a business-critical function for insurers and ... read more | |
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| | Effective distribution is essential to carrier success, especially as the ... read more | |
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| | Simplicity and efficiency for commercial auto. Two key business drivers for ... read more | |
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| | How much do you know about the risks in your portfolio—and what might you be ... 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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