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Today's Headlines October 3, 2022

Industry Experts Talk Future of Insurance at 2022 ITC Conference

Our editorial team caught up with attendees at the 2022 InsurTech Connect conference in Las Vegas. Industry experts took the time to discuss what this year's theme, The Future of Insurance, means to them. They also offered up some advice for any professional interested in launching a startup. Watch below to see their responses! Loading...... read more
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Vermont High Court: COVID Virus, Like Cat Urine, Can Cause Physical Loss

Citing decisions that found insurance coverage was owed for contamination caused by cat urine and gasoline vapors, the Vermont Supreme Court broke from courts across the nation and found that SARS-CoV-2 can cause a direct physical loss to property. The 3-2 decision released Sept. 23 revived a lawsuit filed by Huntington Ingalls Industries — which... read more
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 Brand Spotlight 
What if annuity best interest standards were simpler to implement?

In 2010, after the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted, the National Association of Insurance Commissioners (NAIC) created a model for consumer protection around the suitability of annuity sales, including training requirements licensees needed to meet in order to sell annuity ...read more
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Ian Insured Loss Estimates Rise: New High Over $60B

Between the time Tropical Storm Ian moved from Florida on Thursday evening and the time it centered as a post-tropical cyclone near Myrtle Beach, S.C. early on Friday night, damage estimates from insurance risk modelers grew $16 billion. That $16 billion one-day jump in loss estimates from two different modelers—CoreLogic and Karen Clark & Company—is... read more
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How Climate Change Impacted Hurricane Ian: More Rain

Climate change added at least 10 percent more rain to Hurricane Ian, a study prepared immediately after the storm shows. Thursday's research, which is not peer-reviewed, compared peak rainfall rates during the real storm to about 20 different computer scenarios of a model with Hurricane Ian's characteristics slamming into the Sunshine State in a world... read more
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SPONSORED BY: Talkdesk

Explore the Future of CX in Insurance

The accelerated pace of digitization means that insurers must continue to make investments in delivering a better digital policyholder experience supported by a new workforce model powered by automation and AI. Learn how leading carriers and brokers are building the future of CX... read more
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Former PG&E Execs Agree to $117M Settlement for Wildfires

Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and 2018 California wildfires sparked by the utility's equipment, it was announced Thursday. The settlement was announced by the PG&E Fire Victim Trust, which was established to handle claims filed by more than... read more
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Judge Dismisses Mexico Lawsuit Against Gun Manufacturers

A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their commercial practices have led to bloodshed in Mexico. Judge F. Dennis Saylor in Boston ruled Mexico's claims did not overcome the broad protection provided to gun manufacturers by the Protection of Lawful Commerce in Arms... read more
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P/C Underwriters: How's Automation Been Working For You?

The person who invented autocorrect should burn in hello. We've probably all seen some form of this joke and thought about a situation where a word we wanted to type was replaced by one we definitely did not intend to write. For the most part, though, I think we can agree that the man who... read more
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Research and Webinars

AM Best’s Market Share Report: Factors that Have Helped Underwriting Results Stabilize in Recent Years

In 2021, US crop insurers achieved favorable results, with record high premium ...
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Survey Results: Top Challenges for Carriers and MGAs in the Next 12-24 Months

In this newly released State of Technology Survey report, carriers and MGAs ...
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How to Increase Property Claims Efficiency and Accuracy While Enhancing Customer Satisfaction

Insurers face formidable challenges when it comes to the end-to-end handling of ...
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2022 Hurricane Exposure Report

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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How to Balance Speed and Scale on Your Path to Digital Transformation

With all the technology available today, "going digital" might sound easy. But ...
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Media

How to Avoid Being a ‘Sitting Duck’ During a Disaster-Related Ransomware Attack

InsurTech Newsletter


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