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Today's Headlines March 29, 2022

The People Behind the People: How Talent Chiefs Led Through Pandemic Challenges

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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Consumer Group Demands Probe After NY Times Reports on Alleged Bias at State Farm

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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 Brand Spotlight 
Connectivity Advancements and 4 Other Tech Trends Transforming the Insurance Industry

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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U.S. Increases Fines for Automakers Not Meeting Fuel Economy Rules

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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New Homeowners Repair Finance Platform, Captain, Raises $104M

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 Neal Hospitalized After Serious Bike Accident

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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Executives on the Move at AGCS, Alliant, NAU Country Insurance

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 Makes Key Leadership Changes

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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AIG Life and Retirement Biz Files for IPO; Rebranding as Corebridge

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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Research and Webinars

Reduce Expenses with Artificial intelligence

Today, there are four major forces that are putting pressure on the property ...
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Are you engaged in a multi-year technology project? Stop now.

Michael DeGusta (who started his career at Apple.com and later co-founded the ...
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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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Price Policies more Accurately with Geospatial Technology

Over-pricing policies could trigger the loss of high-quality, lower risk ...
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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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Media

Selective Study: Most Common Worker Injuries By Industry

InsurTech Newsletter


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