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Today's Headlines February 8, 2022

Innovator's Journey From Star Litigator to Litigation Finance

For as long as he can remember, Chris Bogart has been interested in the law. As a schoolkid growing up in Toronto, Canada, he enjoyed the thrill of debating, articulating and defending his ideas while cracking open the flaws in his opponent's logic. In high school, he was an active participant in student government and... read more
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Colo. Supreme Court the Latest to Decide if Claims Adjusters Can Be Held Personally Liable

For the third time in three years, a state supreme court is being asked to decide whether a claims adjuster can be held personally liable for bad faith. The Colorado Supreme Court on Jan. 11 heard oral arguments in a case that was brought before it via a certified question by a federal judge. A... read more
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 Brand Spotlight 
It's Harder Than Ever to Reach Consumers on the Phone–Here's What Insurance Carriers and Agents Can Do About It

Over the past several years, insurance carriers and agents have been grappling with a challenging cultural shift: people just aren't picking up the phone anymore. Or at least they're not picking up when they don't know who's on the other end. According to a 2020 ...read more
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Reuters Report: J&J Crafts Secret Plan to Cap Litigation Payouts to Cancer Victims

Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company's Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers to "Project Plato." In a memo on the project in... read more
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CNA Net Income Up 74% in 2021 Despite Q4 Drop

CNA Financial Corp. said fourth-quarter 2021 net income decreased more than 30 percent to $266 million compared to the same period the prior year. There was a drop in net investment income during the last three months of 2021 to $1 million versus $52 million in 2020. Fourth-quarter core income in CNA's property/casualty operations remained... read more
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The Latest Launches From CLARA, NEXT Insurance, Beazley

CLARA Analytics, a provider of artificial intelligence (AI) technology in the commercial insurance industry, released its latest Litigation for Commercial Auto that aims to empower insurers to evaluate litigation risk, identify the best attorneys for each claim, resolve claims quickly and control escalating costs. Powered with artificial intelligence technology, the platform aims to give insurers... read more
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Executives on the Move at Catalina, CFC Underwriting and iBynd

Catalina Holdings (Bermuda) Ltd, the legacy re/insurance acquisition specialist, appointed industry veteran Ian Parker as group chief executive. He succeeds Bruce Hemphill, who stepped in as interim CEO after Chris Fagan stepped down. Hemphill will return to his prior role as non-executive chairman. Caroline Foulger, who had taken over for Hemphill as interim chair, will... read more
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Trade-Credit-as-a-Service: Hokodo's Embedded Fix For Small Biz Financing Pain Points

Most often, the concept of embedding insurance refers to a means of distribution—offering more or less traditional insurance coverages for products or services at the point of sale. For Hokodo, insurance embedded within a financial service is an essential and inseparable element of an innovative way for small merchants to offer favorable trade terms to... read more
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Research and Webinars

Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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Digital Payment Experience in Insurance: Transforming Customer Interactions and Payment Options

Strategy Meets Action (SMA) offers insurers insights on advancements in premium ...
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E&S Startups Emerge To Take On Insurance's Biggest Risks

It's good to be in the E&S market right now. Indeed, E&S typically ...
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How AI helps mitigate P&C insurance risk

The home improvement boom was an unexpected risk for the P&C insurance ...
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Media

Commercial Auto Flattening; USI 2022 Rate Forecast By Line

InsurTech Newsletter


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