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Today's Headlines | March 29, 2022 |
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For insurance leaders tasked with managing their organization's human capital, the COVID-19 pandemic presented myriad challenges around employee safety and wellness and transformed their workplace responsibilities in ways they never anticipated. From navigating the shift to fully remote work to return-to-office uncertainty, to mask and vaccine mandates and employee burnout, as well as maintaining company... read more | | |
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A national consumer rights group on Thursday called on state insurance commissioners to investigate racial bias in claims handling after the New York Times reported on discrimination lawsuits filed against State Farm by a Chicago policyholder and a former employee assigned to the insurer's special investigations unit in Michigan. The Consumer Federation of America specifically... read more | | |
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The insurance world isn't moving at the speed of light quite yet, but technology is still bound to transform the ways insurance agents and carriers do business with one another and their customers. High-tech developments have the potential to impact the insurance industry and its ... read more | | |
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The U.S. National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model years 2019 and beyond. The decision was a win for Tesla that could cost other automakers hundreds of millions of dollars or more. Confirming an earlier report... read more | | |
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Emerging from stealth mode last Thursday, Captain, a fintech platform that helps homeowners rebuild after natural disasters, announced that it raised $104 million. The total financing consisted of $100 million in debt financing from CoVenture and a $4 million seed round backed by NFX, GGV Capital and Red Swan. Captain aims to help homeowners recover... read more | | |
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Lloyd's CEO John Neal was involved in a collision with a car while riding his bike on Saturday, March 26, Lloyd's said in a statement. Neal sustained serious injuries and is undergoing treatment in hospital, but he is expected to make a full recovery. While Neal recovers, Lloyd's will be led by Burkhard Keese, chief... read more | | |
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Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has appointed Phil Curtis as global head of Human Resources effective April 1. He succeeds Dr. Melanie Gillig, who moves to Allianz SE as program lead Future Work. His priority areas of focus in the new role will be to attract, develop... read more | | |
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Zurich North America announced that it has made several key leadership changes, effective April 1. Paul Lavelle, currently chief claims officer at Zurich North America, has been appointed to lead Zurich's U.S. National Accounts business, following the impending retirement of current head of U.S. National Accounts Paul Horgan. Lavelle will report to Kristof Terryn, CEO... read more | | |
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The holding company of U.S. insurer American International Group Inc's AIG life and retirement business, SAFG Retirement Services Inc, filed for an initial public offering in the United States on Monday. In the filing, SAFG reported total revenue of $23.4 billion for the year ended Dec. 31, up 55 percent. In the same period, adjusted... read more | | |
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| Today, there are four major forces that are putting pressure on the property ... read more | |
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| Michael DeGusta (who started his career at Apple.com and later co-founded the ... read more | |
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| A 2020 U.S. P&C insurance performance analysis performed by EY showed that ... read more | |
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| Over-pricing policies could trigger the loss of high-quality, lower risk ... read more | |
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| Recent studies indicate that consumers are willing to switch insurance ... read more | |
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