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Today's Headlines August 23, 2022

Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Plan

The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged signatures and created fake policies for thousands of residents in apartment communities in the state.... read more
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Reuters Events
 

Reinsurance Capital to Drop $40B: AM Best

AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4 percent decline to $435 billion for 2022 from $475 billion in 2021, following increases of 15.5 percent for 2019, 8.9 percent for... read more
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 Brand Spotlight 
Revisiting L&AH Products and Placement for Today's Customers

"Would you like fries with that?" was never meant to be a polite question to make sure that we were satisfied. It was meant as an upsell. It is a perfectly-timed, pressure-driven question that often gets a positive response. It was marketing in the moment ...read more
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Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay

At-Bay, the San Francisco-based managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance placements. Financial details of the transaction were not disclosed. Founded in 2019, Relay has built a broker-friendly and dynamic digital placement solution for multiple specialty commercial lines, with a focus on... read more
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Executives on the Move at Liberty Mutual GRS, Erie

Liberty Mutual Insurance has appointed Kevin Smith as president of Global Risk Solutions (GRS) North America. Reporting to GRS President Neeti Bhalla Johnson, Smith will be accountable for delivering GRS North America's financial and operational performance, which includes commercial and specialty businesses in the U.S., Canada and Bermuda and operates across Major Accounts, Middle Market... read more
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Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

The number of U.S. products recalled this year already has surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick's brand protection division. Only two other years on record have seen more than 1 billion units recalled: 2018 and 2021. In those years, it took a full year to hit that... read more
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Transgender Workers' Rights Widened in Disability Ruling

Transgender workers will gain broadened legal protections in the wake of a recent federal appeals court decision that gender dysphoria is covered by the Americans with Disabilities Act. Many transgender people suffer from gender dysphoria, which describes the distress caused by a person's gender identity not matching that person's sex assigned at birth. About three-quarters... read more
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Research and Webinars

Delivering Personalized Experiences that Meet the Needs of an Exact Moment

Artificial Intelligence is going to be a major key to growth in this decade. ...
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The State of Gulf Homes: Wind Exposure, Water Exposure, Underinsurance, and Adaptation

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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Key Insights to Improving the Agent Experience

An engaging and efficient agency portal translates into ease of doing business ...
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Annual Identity Theft Impact Report

Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ...
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The Impact of Reducing Online Abandonment Rates

The Property and Casualty (P&C) insurance industry is being dramatically ...
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Media

Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2

InsurTech Newsletter


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