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Today's Headlines April 19, 2022

Dos and Don'ts for Insuring Growing Transportation and Logistics Businesses

The demand for delivery services has never been higher than it is today. And neither has the demand for insurance in the delivery industry. Delivery companies contracting with independent contractors (ICs) are critical for businesses to keep up with the demands of today's market. New delivery companies, new motor carriers and new ICs are entering... read more
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Innovation Boosts Carrier Top Lines: AM Best

Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month. In a special report titled "Insurers Leverage Innovation for Financial Strength," published in mid-March, AM Best analysts used innovation assessments that the rating agency assigns to property/casualty insurers and... 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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Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon

Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, according to a report published by Aon. Although the first quarter of the year is typically the quietest, Q1 2022 marked the sixth consecutive... read more
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Everest Re Announces Passing of Chief Risk Officer, Chief Actuary Mango

Everest Re Group Ltd. has announced the passing of Don Mango, the company's chief risk officer and chief actuary. Mango's contributions to the risk management and actuarial community were widely recognized throughout his three-decade-long career. He was a prize-winning author and researcher, published broadly across actuarial journals, and was an adjunct lecturer at the Columbia... read more
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U.S. Will No Longer Enforce Mask Mandate on Airplanes, Trains After Court Ruling

The Biden administration will no longer enforce a U.S. mask mandate on public transportation after a federal judge in Florida on Monday ruled that the 14-month-old directive was unlawful, overturning a key White House effort to reduce the spread of COVID-19. Soon after the announcement, United Airlines and Alaska Airlines relaxed the restrictions effective immediately... read more
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UK's Flood Re Launches Scheme to Help Homeowners Raise Resilience Against Floods

Flood Re, the joint initiative between the UK insurance industry and the UK government to promote the availability and affordability of flood insurance, has launched a proposition designed to ensure homes are more resilient against flooding. Starting in April, participating home insurers will offer customers access to reimbursement costs of up to £10,000 ($13,052), over... read more
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Aon President Andersen Honored With 2022 IICF Golden Horizon Award

The Insurance Industry Charitable Foundation honored Eric J. Andersen, president of Aon, with IICF's Golden Horizon Award. The annual award recognizes an individual within the insurance community who has demonstrated philanthropic excellence and leadership. IICF also granted nearly $410,000 at its seventh annual IICF Western Division Horizon Award Gala in Los Angeles last week. The... read more
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Executives on the Move at GEICO, Polly

GEICO announced that Damon Burrell has joined the company as its new chief marketing officer, reporting to CEO Todd Combs. Burrell most recently served as CMO and senior vice president of Marketing, North America, at The Estée Lauder Companies. Prior to that, he held SVP of Marketing roles at Viacom leading the Nickelodeon and MTV... 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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The Ultimate Claims Management Platform Checklist

This must-read white paper illuminates the role technology plays in solving two ...
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Reduce Expenses with Artificial intelligence

Today, there are four major forces that are putting pressure on the property ...
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Media

Rate Change Forecasts: What to Expect for Midyear 2022

InsurTech Newsletter


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