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Big Tobacco: Look Back, Look Forward
 
Are there industries facing huge potential financial losses like Big Tobacco once did? Staying ahead of the curve is key to mitigate potential losses that may loom.
 
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Today's Headlines April 4, 2022

In the Competition for Top Talent, Innovation Matters

In today's highly competitive job market, attracting the right talent is not just about money. It isn't necessarily about offering flextime or office perks, either. For most would-be employees, choosing the right company is about finding deep, meaningful engagement. People want to do work that is interesting and purposeful. They value an organizational culture that... read more
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Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue

Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody's Investors Service. Reinsurers' public disclosures of their Jan. 1, 2022, modeled PML exposures highlight increased capital deployment toward property-catastrophe reinsurance as pricing increases continue after several years of above-average insured catastrophe... read more
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U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts

The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero emissions, an effort to prevent greenwashing as private sector climate plans proliferate. U.N. Secretary-General António Guterres said the group of 16 experts will analyze the net-zero plans of companies, investors, cities and regions in order... read more
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Inflation a 'Major and Growing Concern' for Reinsurers

With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation discussions and sanction exclusion wording as notable highlights. "Inflation remains a major and growing concern for reinsurers," James Kent, Global CEO, Gallagher Re, wrote in the... read more
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Another Active Atlantic Hurricane Season in 2022: AccuWeather

Following the most active season for named storms in the Atlantic in 2020 and the third-most named storms in 2021, AccuWeather forecasters said to prepare for more of the same in 2022. AccuWeather has predicted 16-20 named storms during the 2022 Atlantic hurricane season, with six to eight hurricanes and three to five major hurricanes.... read more
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Analysis: Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions

Insurers face potential multibillion-dollar claims for cyber attacks related to Russia's invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the Feb. 24 attack on Ukraine and Western sanctions against Moscow, the U.S. government said last week it had seen "preparatory" Russian hacking activity aimed... read more
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Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050

Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last year to achieve cuts in absolute emissions this decade. After that, emissions that cannot be avoided will be... read more
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Tech Bytes: New Partnerships at Pathpoint, Keller Williams, Ascend

Pathpoint, a technology provider that aims to streamline placing small commercial E&S accounts, announced a partnership with Bold Penguin to deliver access to Pathpoint's technology for non-admitted products to users of the Bold Penguin Terminal. The Bold Penguin platform allows insurance agents to quote small business insurance through an integrated application and return multiple quotes.... read more
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Research and Webinars

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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Strengthen Your Core: Discover How 5 Core Commercial Property Attributes Can Help Empower Data-Driven Underwriting

Evolve from "good enough" to actionable data to empower your underwriting. Stop ...
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How to Future-Proof Yourself in an Industry of Constant Change

Michael DeGusta (who started his career at Apple.com and later co-founded the ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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Turn Photos into Action with Artificial intelligence

Today, there are four major forces that are putting pressure on the property ...
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Media

Selective Analysis: First-Year Comp Claims By Industry Group

InsurTech Newsletter


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