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Today's Headlines July 14, 2022

How Nationwide Is Transforming Commercial Lines

In 2021, insurer and financial services company Nationwide reported the strongest earnings in the Fortune 100 company's history—$2.8 billion in operating income with sales of over $50 billion, another record number. What wasn't immediately apparent in a late-February media statement announcing those results was the contribution of property/casualty operations to those numbers—roughly $1 billion in... read more
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The Latest Launches from Kalepa, Stable, Betterview

Kalepa Corporation announced the launch of Kalepa Insurance Services, an insurance offering with capacity through a program partnership with specialty insurer Everspan Group. The excess casualty program at KIS, which is writing business effective immediately, focuses on small and mid-market insureds with policies distributed through exclusive wholesale broker partnerships. A variety of industries are in... read more
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 Brand Spotlight 
Four advantages AI brings to small commercial underwriting

Artificial intelligence (AI) and machine learning (ML) are much in the news these days. But to paraphrase the late computer scientist Edsger Dijkstra, saying a machine is "intelligent" or "learning," is a bit like saying a submarine knows how to swim. What really matters is ...read more
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Gang Uses Death Threats Trying to Take Over N.Y. Fire Mitigation Industry

FBI, Homeland Security and New York police officials have charged nine defendants including gang members with a violent racketeering and extortion conspiracy in attempting to take over an entire industry designed to help victims after a fire. The defendants, who officials said include members of the violent Bloods street gang, took control of First Response... read more
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Industry Veterans Carmilani, Lockton Join At-Bay Board

Cyber MGU At-Bay announced the appointment of insurance industry veterans to its board of directors yesterday—Scott Carmilani and David Lockton. Carmilani currently serves as executive chairman of Vault Insurance Services. He is the former chairman and CEO of Allied World Assurance Company Holdings, where he spent 20 years building the company from a small Bermuda... read more
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'BazarCall' Phishing Email Diverts Victims to Call Center: CFC

CFC, a specialist provider in the cyber insurance market, delivered a warning about an emerging method of ransomware attack targeting small businesses. According to CFC's in-house cyber threat analysis team, the attack method– known as "BazarCall" has been growing in use among well-known ransomware groups and is responsible for an increasing number of malware infections... read more
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How They Rank: Are High-Emitting Nations Liable for Climate Harms?

Scientists, officials and activists have long called out the inequity in national histories on greenhouse gas emissions with rich nations benefiting and poor ones hurting from global warming, and now a study published Tuesday aims to calculate just how much economic impact large emitters have caused to other nations. The two Dartmouth scientists behind the... read more
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How Nuclear War Would Affect the World: Simulation Study

Russia's invasion of Ukraine has brought the threat of nuclear warfare to the forefront. But how would modern nuclear detonations impact the world today? A new study published in early July provides stark information on the global impact of nuclear war. The study's lead author LSU Department of Oceanography & Coastal Sciences Assistant Professor Cheryl... read more
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Research and Webinars

Advanced Digital Customer Service Solutions

Leading insurers are already implementing digital engagement solutions for ...
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Accelerating the Sales Process with Digital Engagement

The Property and Casualty (P&C) insurance industry is being dramatically ...
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Identity Theft: 2020 vs 2021

Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ...
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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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Has the Pandemic Impacted Agency-Carrier Engagement?

Utica First Insurance transformed agency engagement with innovative ...
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Media

How They Rank: Progressive vs. Allstate

InsurTech Newsletter


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