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Today's Headlines February 9, 2022

Insurers Making Waves With Wider Use of IoT Leak, Temp Sensors

Wouldn't it be nice if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That's now the reality for a growing number of insurers who have deployed leak sensors at commercial, institutional and residential... read more
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Opioids Are the Next Tobacco. Are Antibiotics the Next Opioids?

The fact pattern is familiar. Drug companies market a legal and regulated drug, resulting in significant overprescription of that drug. Over time, a public health crisis emerges and annual deaths number in the tens of thousands. There is strong scientific evidence linking the product in question to the public health crisis. State, local and tribal... read more
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 Brand Spotlight 
Field expertise paired with advanced computer modeling empowers data-driven commercial property underwriting

Commercial property insurers don't want some or even most of the data about the buildings in their portfolios. They want all of the key data at their fingertips when a prospective client is waiting for an answer on coverage. Getting a 100 percent hit rate ...read more
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New Auto Insurer Sensa's Device Analyzes Accident, Triggers Emergency Services to Crash Site

A new auto insurer is turning the tables on car manufacturers that offer insurance with their roadside and emergency services by including these accident services with its auto insurance policy. Austin, Texas-based Sensa is calling itself the "first proactive insurance company" as it begins to roll out its auto insurance offering that includes real-time help... read more
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Windstorm Coverage Doesn't Include Flood Damage: 5th Circuit

An insurance policy that lists named windstorms among the covered perils doesn't cover flood damages caused by Hurricane Harvey even though flooding wasn't specifically excluded, a panel of the 5th Circuit Court of Appeals ruled Thursday. The panel reversed a decision by the U.S. District Court for the Southern District of Texas, finding that the... read more
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Markel Numbers 'Thick' On Underwriting, Investments, Ventures

Markel Corporation reported a "record-smashing" $628 million in underwriting profit for 2021, a figure that translated into a combined ratio of just over 90 for the year. Co-Chief Executive Officer Richie Whitt said the 90.3 combined ratio was the fourth lowest reported by the company in 30 years during an earnings conference call Thursday. On... read more
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Executives on the Move at QBE, TigerRisk, Bain Capital Insurance

QBE has appointed Kevin Shallow as director of Underwriting and product head for Marine, subject to regulatory approval. He takes over from Tim Pembroke, who will be retiring on March 31 after nearly 38 years in the marine insurance industry, including over 24 years with QBE. Shallow is currently a portfolio manager within the Marine... read more
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Majority of Workers Would Quit Their Job Because of a Bad Boss: Survey

Whether a boss is perceived as "good" or "bad" can be the deciding factor in an employee's decision to stay or quit, according to a new survey from GoodHire, a provider of employment and background screening services. In fact, while 70 percent of surveyed workers across 10 industries said they enjoy working for their manager,... read more
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Research and Webinars

The biggest post-pandemic risks for P&C insurance carriers

The home improvement boom was an unexpected risk for the P&C insurance ...
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Digital Payment Experience in Insurance: Transforming Customer Interactions and Payment Options

Strategy Meets Action (SMA) offers insurers insights on advancements in premium ...
read more

E&S Startups Emerge To Take On Insurance's Biggest Risks

It's good to be in the E&S market right now. Indeed, E&S typically ...
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Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
read more
Media

Personal Lines Loss Ratios Through Nine Months

InsurTech Newsletter


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