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| Today's Headlines | October 14, 2022 |
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Inflation likely won't subside anytime soon, and insurers will need to be proactive and flexible if they want to stay on top of the challenges, said Keith Buckley, managing director of Fitch Ratings' global insurance rating group. He was speaking on the most recent episode of Carrier Management's Strategy Sessions webinar series. "I think the... read more | | |
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Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian, sending over $1 billion of the total to reinsurers, the company reported Thursday. In an earnings announcement disclosing financial results for the month of September and for the quarter ended Sept. 30, the... read more | | |
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Social inflation is a term specific to the insurance industry and describes the rising costs of insurance claims above and beyond what can be explained by the overall inflation rate. We recently did a deeper dive into inflation and how it's impacting the insurance industry ... read more | | |
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For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM Best, costs related to social inflation, nuclear verdicts, higher repair costs and distracted driving are likely outpacing... read more | | |
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Coalition, the San Francisco-based cyber insurer and cybersecurity firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition's cyber programs. Ferian Re will be capitalized with approximately $300 million from an investor group led by funds managed by BDT Capital Partners LLC, an affiliate of BDT... read more | | |
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InsurTech NY, the largest InsurTech community in North America, has announced its third growth-stage InsurTech accelerator cohort. InsurTech NY's carrier and broker members selected 32 startups, from a pool of more than 150 applicants in 29 countries, to participate in the hybrid insurance accelerator program. The accelerator starts in October and provides resources to help... read more | | |
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Working alongside robots may contribute to job burnout and workplace incivility, but self-affirmation techniques could help alleviate fears about being replaced by these machines, according to research published by the American Psychological Association. Researchers found that workers in the U.S. and parts of Asia feel job insecurity from robots—even in industries where robots aren't being... read more | | |
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| | For some carriers, shifting from global appointing to a just-in-time policy ... read more | |
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| | Missing data. Duplicates. Departmental silos. Privacy laws. Vanishing cookies. ... read more | |
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| | In 2021, US crop insurers achieved favorable results, with record high premium ... read more | |
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| | Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ... read more | |
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| | Today, insurers of all sizes are filling technical gaps by accessing ... read more | |
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