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| | | | | | | High Quality, Low Risk Clients | | | | You'll find them easier if you integrate a geoprocessing solution into your P&C platform so you can pre-score potential policyholders using GEOSPATIAL DATA. | | | | | | | | Korem: The Geospatial Expert Shop | | |
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| Today's Headlines | February 25, 2022 |
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It's no question the cyber crime landscape is constantly evolving, keeping large and small businesses on their toes. But another industry is rapidly changing, and if businesses don't keep up, they risk being caught off guard, experts say. That industry is cyber insurance. "Now is the time to take comprehensive action and ensure that your... read more | | |
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| | | Advertisement | | |  | | | | THE Virtual Event for P/C Insurance Leaders | | | The 2022 InsurTech Summit will feature industry experts discussing how insurtech can lead us
towards a safer, smarter and better world. Join us for the 2-day virtual event on May 10th & 11th. | | | | | | | | Carrier Management |
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Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies. The move will consolidate Catlin into the North American Casualty group of companies in a move intended to bolster Applied's operating capabilities in support of its strategic partners as the E&S market hardens. Terms of the... read more | | |
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Sheila is shopping online for a new auto policy. Marketing has done its job to get the ball in play. Sheila made a few simple choices. She received a timely quote. Underwriting catches the pass. Like running down the football field with the football in ... read more | | |
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Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an underwriting loss of $15.7 billion. Best's Market Segment Report, "P/C Industry Maintains Solid Capital Despite Increased Challenges in 2021," said factors such as... read more | | |
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With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get worse in 2022. "2022 is expected to be our year of peak losses," the InsurTech's leaders wrote in a letter to shareholders. On an earnings conference... read more | | |
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Indonesia's peatlands, California's forests and vast swathes of Argentine wetland have all been ravaged by extreme wildfires, heralding a fiery future and the dire need to prevent it. With climate change triggering droughts and farmers clearing forests, the number of extreme wildfires is expected to increase 30 percent within the next 28 years. And they... read more | | |
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State Farm and Ford announced the launch of Drive Safe & Save Connected Car for customers with eligible connected Ford or Lincoln vehicles to benefit from usage-based insurance (UBI). State Farm customers with eligible connected vehicles can opt into the State Farm UBI program, Drive Safe & Save, which adjusts premiums to an individual vehicle's... read more | | |
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United Fire Group Inc. President and Chief Executive Officer Randy Ramlo announced he will retire from the company in 2022. Ramlo joined UFG in 1984 as an underwriter. Since then, he has held a variety of leadership roles, including vice president of fidelity and surety and chief operating officer, taking the helm as CEO in... read more | | |
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| | Join us on Wed. March 9th, 10 am PST, 1 pm EST Over-pricing policies could ... read more | |
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| | This must-read white paper illuminates the role technology plays in solving two ... read more | |
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| | Strategy Meets Action (SMA) offers insurers insights on advancements in premium ... 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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