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Today's Headlines April 28, 2022

Experts Confirm Cyber Incidents Up Since War in Ukraine Started; Underwriters Adapting

Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. "There's no doubt that attacks overall are up, whether they're coming from individual groups or nation-states," said Nick Graf, vice... read more
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Market Conditions Holding Up Better Than Expected: Markel's Whitt

While soaring first-quarter underwriting profits and significant investment losses may not have surprised investors in Markel Corporation, continued favorable insurance market conditions aren't quite lining up with what one executive would have predicted last year. "Rate increases continue to gradually moderate but have held up better than we would've predicted a quarter or two ago,"... read more
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 Brand Spotlight 
Operational Challenges of Paid Family and Medical Leave Laws – Past, Present and Future

It doesn't seem that long ago that our biggest challenge as administrators or employers was compliance with the federal Family and Medical Leave Act of 1993 (FMLA).[1] Prior to FMLA, there were no federal requirements to provide job-protected time off for care of an ...read more
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U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels

A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation's biggest insurance companies to stop underwriting new fossil fuel projects that contribute to climate change. New York Representatives Mondaire Jones and Alexandria Ocasio-Cortez as well as California's Jared Huffman and Adam B. Schiff were among 16 lawmakers... read more
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Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P

Climate change could see 4 percent of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Ratings firm S&P Global, which gives countries credit scores based on the health of their economies, published a report on Tuesday looking at... read more
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Former Sompo CEO Chang to Join WTW

Michael Chang, former CEO of Sompo International's Global Risk Solutions, will be joining WTW as head of Corporate Risk and Broking (CRB) North America, later in 2022. He will become a member of the company's Global Leadership Team. Chang was at Sompo for six years, also serving as co-leader Global Insurance. Before that, he spent... read more
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Black Insurance Industry Collective Launches to Advance Racial Diversity and Equity

A new insurance industry initiative has launched to expand leadership development for Black professionals. The focus of the Black Insurance Industry Collective (BIIC) is to accelerate the advancement of Black professionals with the end goal of increasing the representation of Black leaders at the mid-to-executive level in the insurance industry. The BIIC will emphasize mentorship... read more
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Tech Bytes: New Partnerships at Amwins, Betterview, Socotra

Amwins, a global distributor of specialty insurance products and services, announced a partnership with ePlace Solutions to provide retail agents and their insureds with access to cybersecurity experts who can advise about the security controls needed to secure cyber liability policy terms. InsureReady is a proprietary, three-month service developed by ePlace Solutions that offers unlimited... read more
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Research and Webinars

How to Smooth Out the Claims Experience with Data Pre-Fill

A clunky and inefficient claims process leads to unhappy customers. This guide ...
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Interviews with 10 Life, Annuity, and P/C Insurance Carriers

Research firm Aite-Novarica interviewed 10 life, annuity, and P/C 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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EP. 7: Strategy Sessions - What is Embedded Insurance, and Is It the Future?

Strategy Sessions – A Lunch Hour Look at Critical Topics with Industry Movers ...
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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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Media

Rate Change Forecasts: What to Expect for Midyear 2022

InsurTech Newsletter


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