| Today's Headlines | May 12, 2022 |
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Insurance pricing is an imperfect process. It's been gradually refined over countless iterations of product revisions through hundreds of thousands of regulatory filings. Insurers have used different methodologies, data sources and strategies to help them understand how to establish pricing mechanisms that account for variability in the marketplace. Today, more than ever, major changes in... read more | | |
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The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014, but results have to be "viewed as a possible aberration rather than the start of a trend," according to a new report from AM Best. Rate increases since 2020 led to significant premium growth and improved underwriting results in 2021.... read more | | |
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Data and workflow silos are costing your insurance business time, money, and good people. It's time to shed some light on these common issues and start breaking those barriers down. Does the phrase "but this is how we've always done it" sound familiar? If you're ... read more | | |
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Aviva Plc Chief Executive Officer Amanda Blanc said that the sexism she encounters has worsened as she has risen through the ranks in finance. Blanc became the insurer's first female chief executive in July 2020 but faced a number of offensive comments from shareholders at the FTSE 100-listed firm's annual shareholder meeting on Monday. These... read more | | |
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For the first time in more than a decade, workers compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won't last, and the workers comp industry continues to be the most profitable property/casualty line of business, actuaries and economists said Tuesday at the... read more | | |
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After decades of struggle, the U.S. clean-energy business is booming, with soaring electric-car sales and fast growth in wind and solar power. That's raising hopes for the fight against climate change. All this progress, however, could be derailed without a massive overhaul of America's antiquated electric infrastructure—a task some industry experts say requires more than... read more | | |
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Just a few years after banks helped create a gargantuan market for blank-check companies, they're pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement with most of the special purpose acquisition companies it took public and pausing new U.S. SPAC issuance, Bloomberg reported on Monday. Bank of... read more | | |
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Commercial insurance market Lloyd's of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of climate protests. Since Lloyd's sent out invitations for the May 19 AGM on April 19, "the risk of disruption has significantly increased," Chairman Bruce... read more | | |
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| | Trampoline detected. Patio extended. New vehicle identified. This whitepaper ... read more | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | Automation is essential to the insurance industry's digital transformation ... read more | |
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| | A clunky and inefficient claims process leads to unhappy customers. This guide ... read more | |
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