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Today's Headlines April 12, 2022

Embracing the 'Future of Work' in Insurance

As a native of St. Lucia in the Caribbean, I knew immediately when I moved to the United States that I was different. From an early age, seeking to understand others was the primary way in which I processed the world around me, and it's an approach that has carried over to my professional career... read more
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Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund

Taking a calculated risk by selling a hazardous product isn't the same as intentionally causing harm. For that reason, insurers must cover a court judgment that requires the company that sold Dutch Boy lead paint to pay $101 million into a California abatement fund, a New York appellate court ruled on March 24. The 1st... read more
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 Brand Spotlight 
The Future of DIY Home Security Is Here

The future of DIY home security has arrived. With remote work on the rise and new products hitting the smart home technology market, smart devices for DIY home monitoring are seeing a striking new level of demand. According to 2021 research from Parks Associates, self-installation ...read more
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Insurance Commissioners Endorse Climate Risk Disclosure Standard for Insurers

The National Association of Insurance Commissioners (NAIC) announced at its spring meeting that a bipartisan group of state insurance regulators has adopted a new standard for insurance companies to report their climate-related risks, in alignment with the international Task Force on Climate-Related Financial Disclosures (TCFD). The bipartisan group is led by Insurance Commissioners Ricardo Lara... read more
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Accounts Deceivable: Email Scam Costliest Type of Cybercrime

It's a crime that siphons untold billions from the economy—but many people have never heard of it. Business email compromise scams involve criminals hacking into email accounts, pretending to be someone they're not and fooling victims into sending money where it doesn't belong. Although they get far less attention than the massive ransomware attacks that... read more
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California's PG&E to Pay $55M to Avoid Criminal Charges Over Wildfires

California utility PG&E Corp has reached settlement agreements with district attorneys representing Northern California counties to avoid prosecution over two major wildfires, with the company agreeing to pay $55 million. "As a result of these agreements, no criminal charges will be filed in the Dixie Fire (2021), and the criminal complaint regarding the Kincade Fire... read more
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Executives on the Move at Allstate, MEMIC, Deloitte

Don Civgin, vice chair and CEO, Protection Products and Services at Allstate, has announced his decision to retire, effective May 1. Civgin joined the company as chief financial officer in 2008, became president and CEO of Allstate Financial in 2012, and vice chair of The Allstate Corporation in 2019. With Civgin's retirement, Terrance Williams will... read more
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Climate Change Protesters Disrupt Lloyd's Headquarters

Climate change protesters in London have targeted insurance underwriting house Lloyd's of London for its role in enabling fossil fuel projects. The City of London Police said they were aware of protests at London's Liverpool Street Station and the Lloyd's building on Lime Street. At least 10 police vans were seen outside the building, and... read more
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CEO of Rental Giant Hertz Vows to Fix False Theft Reports

The new CEO of Hertz says he's working to fix a glitch in the rental-car giant's systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, who took over as CEO on Feb. 28, said the company has changed its practices to fix problems that... read more
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Research and Webinars

Data-Driven Property Intel for Faster Customer Relief

Better serve policyholders across your insurance workflows with powerful ...
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Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting

According to Harvard Business Review, low-quality data costs U.S. businesses ...
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Strengthen Your Core: Discover How 5 Core Commercial Property Attributes Can Help Empower Data-Driven Underwriting

Evolve from "good enough" to actionable data to empower your underwriting. Stop ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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P&C Technology Guide: How to Move Towards a "Predict and Prevent" Mindset

A 2020 U.S. P&C insurance performance analysis performed by EY showed that ...
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Media

It's Crunch Time for Cyber Insurance Capacity — Catch Today's Strategy Sessions Webinar

InsurTech Newsletter


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