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| Today's Headlines | October 18, 2022 |
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Throughout the past few years, organizations have continued to evolve in response to shifting environments and priorities. Now, as insurance organizations are establishing more permanent plans for moving forward and operating in the long term, it's important to explore how a corporate culture can best translate to the new working reality. According to The Jacobson... read more | | |
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In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of steady decline. Marsh said rate increases for cyber insurance have decelerated nearly 80 percent on average in just six months. Average rate increases were 54 percent as of July 2022 compared... read more | | |
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There may be no cure-all for the significant headache of a hard market, but non-rate actions–solutions that don't require a rate filing–are among the fastest ways to help with profitability. Personal auto insurers' margins are under pressure during an unprecedented hard market. From the ... read more | | |
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Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims from Hurricane Ian of approximately $1.3 billion. "While the 2022 target of 10 percent Group ROE is unlikely to be reached given the impact from natural catastrophes, the Ukraine war and financial market volatility, the... read more | | |
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International InsurTech bolttech announced that Tokio Marine, alongside other shareholders, will lead bolttech's series B funding round. The investment values bolttech, a Singapore-based InsurTech unicorn, at an up-round valuation of approximately $1.5 billion. "Tokio Marine will be a pivotal strategic partner as we continue to accelerate our growth strategy and global expansion," said bolttech's group... read more | | |
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SPONSORED BY: Amwins Amwins is proud to be AM Best's first delegated underwriting authority enterprise (DUAE) to receive a PA-1 score, reflecting the highest standards for underwriting excellence.... read more | 
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Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday's judgment on the 1 billion pound ($1.13 billion) lawsuit against three top insurers over losses related to coronavirus. Insurers have already paid out more than 1.5 billion pounds in compensation to thousands of small businesses... read more | | |
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The National Association of Professional Insurance Agents (PIA) and the American Insurance Marketing and Sales Society (AIMS Society) have announced they will combine entities to "redefine the future of insurance education." A formal agreement was signed by both organizations and has been approved by their members. For decades PIA has offered a wide array of... read more | | |
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The Hartford has promoted Meg Carter to head of Global Specialty Distribution. She will report to Adrien Robinson, The Hartford's head of Global Specialty. Carter was previously a regional vice president, leading the Middle & Large Commercial sales underwriting teams for North Carolina and South Carolina. With a career that spans 17 years at The... read more | | |
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| | 53% of P/C insurance application fraud is perpetrated by family members, ... read more | |
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| | For some carriers, shifting from global appointing to a just-in-time policy ... read more | |
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| | Missing data. Duplicates. Departmental silos. Privacy laws. Vanishing cookies. ... read more | |
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| | In 2021, US crop insurers achieved favorable results, with record high premium ... read more | |
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| | Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ... read more | |
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