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Today's Headlines July 20, 2022

Are MGAs Winning the Insurance Talent War?

With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. Conning listed the talent edge as one of several factors fueling growth in the investment firm's ninth annual study of the property/casualty program... read more
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Two Different Stories from Insurers, Consumer Groups On Smoke Damage Claims

Insurers and consumer advocates are conveying conflicting messages as both try to focus public attention on smoke damage claims. Mercury Insurance issued a press release Friday warning that an unidentified California public adjuster has been duping homeowners into submitting fraudulent smoke and ash damage claims by promising to recover "thousands of dollars." That announcement follows... read more
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 Brand Spotlight 
Better Together: Smart Home Technology and Insurance

Insurance has long been a one-dimensional purchase – you buy it and keep the policy until you need it. The problem is that the interaction is largely one-sided, and most people never actually make a claim or reach out to their insurance company. However, the way ...read more
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Wildfire Victims, Environmental Groups to Developers: Stop Building Here

Preston Brown knows the risk of wildfire that comes with living in the rural, chaparral-lined hills of San Diego County. He's lived there for 21 years and evacuated twice. That's why he fiercely opposed a plan to build more than 1,100 homes in a fire-prone area he said would be difficult to evacuate safely. Brown... read more
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California Court Breaks String of COVID Biz Interruption Case Wins For Insurers

A California appellate court broke from its sister jurisdictions—as well as state and federal courts across the nation—and ruled that a hotel owner's lawsuit seeking coverage for a COVID-19 shutdown may proceed. In an opinion released last Wednesday, the California 2nd Appellate District panel chided other courts for dismissing similar claims before hearing any evidence... read more
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SEC Approves Demotech as Nationally Recognized Statistical Rating Organization

Insurance rating agency Demotech Inc. has become the 10th organization to named a Nationally Recognized Statistical Ratings Organization (NRSRO) by the U.S. Securities and Exchange Commission. With the new designation, Demotech joins the likes of A.M. Best, Fitch Ratings, S&P Global, and Moody's Investors Service as NRSROs. According to an order from the SEC, Demotech... read more
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Uber Waiving Fees for Disabled Riders in ADA Suit Settlement

Uber Technologies Inc. will pay more than $2 million and waive wait time fees for disabled passengers to settle U.S. allegations that the ride share company had violated the Americans with Disabilities Act, the Department of Justice said on Monday. As part of a two-year agreement, Uber will waive wait time fees for certified disabled... read more
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UK Boiling: Temperatures Hit Record High of 104°F

Temperatures in the UK rose above 40 degrees Celsius (104 degrees Fahrenheit) for the first time as a potentially deadly heat wave nears a peak on Tuesday. The temperature at London's Heathrow Airport hit 40.2°C at about 12:50 p.m., according to a provisional recording published by the UK's Met Office. Temperatures across England are breaking... read more
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Research and Webinars

Identity Theft: 2020 vs 2021

Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ...
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Use of Advanced Technology in Enterprise Automation

When every employee has a software robot to help with mundane tasks, it frees ...
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Utica First Replaced Their 30-Year-Old Tech... See What Happened Next

Based upon Utica First's own implementation experience, VP of Operations, ...
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Interviews with 10 Life, Annuity, and P/C Insurance Carriers

Research firm Aite-Novarica interviewed 10 life, annuity, and P/C insurance ...
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Bird's-Eye View: How Property Insurers Are Using Aerial Data

"They got planes in the air, and we had pictures the next day... before we ...
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Media

Starting Up a Tech Company Handling Post-Disaster Roof Claims

InsurTech Newsletter


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