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| | | | | | | Life Insurers' Net Investment Spreads | | | | Declining yields over the decade(s) continue to challenge the life insurance industry. Are life insurers making adequate investment spreads? | | | | | | | | New England Asset Management (NEAM) | | |
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| Today's Headlines | March 8, 2022 |
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A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands of dollars, but traditional insurance often does not cover these significant losses. That's why the founders of Parametrix Insurance came up with the idea to cover clients for short-term cloud outages, network crashes and platform... read more | | |
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| | | Advertisement | | |  | | | | Free Webinar on Geospatial Technology | | | Inaccurate pricing is a recipe for disaster. Our webinar demonstrates how to
use geospatial tech / data to enhance underwriting and price more precisely. | | | | | | | | Korem - The Geospatial One-Stop Shop |
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Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for, AM Best reported Monday, citing the impact of social inflation on rising claims and defense costs. Separately, in mid-January, Kevin LaCroix, the author of the D&O Diary blog, noted that regular economic inflation—in... read more | | |
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Even as consumers continue to navigate toward online shopping channels, many independent agent carriers have hesitated to invest heavily in online customer acquisition. While digital performance marketing enables carriers to connect with real, in-market consumers at the bottom of the funnel with segmentation granularity, some ... read more | | |
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Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries and it urges the insurance industry to re-evaluate exposures. Russia's invasion of Ukraine "will undoubtedly push the boundaries of acceptable behavior in cyberspace," said William Altman, CyberCube's principal cybersecurity consultant, in a statement. "What's worrying... read more | | |
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U.S. insurers, already hammered by extraordinary losses caused by natural disasters, are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property Casualty Insurance Association said Friday. APCIA said private property and casualty insurers experienced an $11.3 billion underwriting loss in the third quarter of 2021. Incurred losses... read more | | |
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President Joe Biden on Thursday gave victims of workplace sexual assault or harassment the right to seek recourse in a court of law instead of through forced arbitration proceedings. Biden signed into law the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act, which bars employment contracts from forcing people to settle claims of... read more | | |
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Hurricane Harvey dumped more than 50 inches of rain on parts of the Texas coast in 2017. Then in 2020, ferocious winds from Hurricane Laura destroyed homes across coastal Louisiana. Hurricane Ida hit in 2021, leaving the entire city of New Orleans without power for days. Such extreme weather is becoming more common, and that's... read more | | |
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Kevin J. Rehnberg, chief executive officer of Argo Group International Holdings Ltd., announced on March 2, 2022 that he would be temporarily unable to perform his duties for health reasons. Effective March 3, 2022, Thomas A. Bradley, who served on Argo's board of directors since 2018, including as chairman since 2020, assumed Rehnberg's authority, duties... read more | | |
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| | In just the last decade, we are seeing a historic shift in the insurance ... read more | |
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| | Today, there are four major forces that are putting pressure on the property ... read more | |
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| | Over-pricing policies could trigger the loss of high-quality, lower risk ... read more | |
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| | This must-read white paper illuminates the role technology plays in solving two ... read more | |
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| | A 2020 U.S. P&C insurance performance analysis performed by EY showed that ... read more | |
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