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| | | | | | | Auto claims costs rising before COVID | | | | Personal auto physical damage claims costs had been trending up years before the pandemic which is indicative of more far-reaching automotive trends. | | | | | | | | Verisk | | |
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| Today's Headlines | January 24, 2022 |
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During the past year, "ESG" (or Environmental, Social, Governance) became a more familiar acronym in boardrooms, customer conversations and even in day-to-day internal discussions. This is rightfully so, given the topics that fall under ESG have major implications for business strategy and execution within and beyond the insurance industry. As the discipline continues to gain... read more | | |
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Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder and CEO Alex Timm in an emailed statement cited pandemic losses as factoring into the decision. "As the pandemic has continued to evolve, supply chain and inflationary pressures... read more | | |
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The internet of things (IoT) has become a ubiquitous presence in our everyday lives. From the cars we drive to the places we live and the appliances and technologies we use, IoT helps consumers with added comfort and convenience. It also helps insurance companies because ... read more | | |
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When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with expensive advanced driver-assistance systems technology is going to drive costs skyward. Kay Wakeman, Director of Insurance Outreach for IIHS-HLDI, thinks there's another factor at play. Speaking during a Society of Insurance Research... read more | | |
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Betterview, an InsurTech serving property/casualty insurance companies, announced that Co-operative Insurance Companies selected Betterview's Remote Property Intelligence Platform to help reduce expenses associated with loss control. Co-operative Insurance, a mutual insurer underwriting homes, farms and commercial properties in Vermont and New Hampshire since 1915, has long relied on an internal loss control department for underwriting... read more | | |
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A Nigerian court will hear Royal Dutch Shell Plc's appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is challenging a November 2020 judgment in favor of community members claiming a leak from a company pipeline damaged their land and waterways.... read more | | |
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The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a "sophisticated" hack. The cyberattack targeted a contractor in Switzerland that stores Red Cross data. There's no indication yet that the data was leaked or shared publicly. The hack wasn't a ransomware attack, in which attackers encrypt... read more | | |
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| | This paper will review the current model of incident response for ransomware ... read more | |
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| | Effective distribution is essential to carrier success, especially as the ... read more | |
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| | Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ... read more | |
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| | The home improvement boom was an unexpected risk for the P&C insurance ... read more | |
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| | It's good to be in the E&S market right now. Indeed, E&S typically ... read more | |
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