| Today's Headlines | July 19, 2022 |
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NEXT Insurance and Thimble are the latest InsurTechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both InsurTechs pointing to an increased focus on profitability. NEXT laid off 17 percent of its workforce this month, addressing the change in a July 7 letter to employees that was... read more | | |
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The best perk of working at a global company is talking to customers in various countries about their operational challenges and best practices, and the ability to compare their figures. Let's look at some lessons learned from comparing two years of actual FRISS data. Most major life events are fairly predictable and happen as a... read more | | |
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Technology is created to make our lives easier, right? Of course. But without the right connectivity and integration, technology can instead make things harder. Think about this scenario, for example. A couple travels to Paris for their honeymoon and bring along all their favorite electronics ... read more | | |
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With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing and underwriting actions. But improvement in the auto line may be slow to materialize, Fitch Ratings said in U.S. Personal Lines Market Update yesterday,... read more | | |
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Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists say are consistent with climate change. In Spain, helicopters dropped water on the flames as heat above 40 Celsius (104 Fahrenheit) and often mountainous terrain made the... read more | | |
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Major League Baseball agreed to pay $185 million as part of a settlement with minor league ballplayers who say the league exploits them, knowing they will play for peanuts for a chance to make it to the big show. The settlement also strikes down an MLB rule that prohibited teams from paying minor leaguers for... read more | | |
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Zurich Resilience Solutions in North America is offering customers a service that can help them combat toxic work cultures and improve employee retention. Collaborating with Work Shield, a misconduct service that helps employees, protects cultures and mitigates corporate risk, the Workplace Diversity, Equity and Inclusion Services of ZRS provides an employer intelligence platform that helps... read more | | |
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The tech industry's latest artificial intelligence constructs can be pretty convincing if you ask them what it feels like to be a sentient computer, or maybe just a dinosaur or squirrel. But they're not so good—and sometimes dangerously bad—at handling other seemingly straightforward tasks. Take, for instance, GPT-3, a Microsoft-controlled system that can generate paragraphs... read more | | |
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| | Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ... read more | |
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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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| | Automation is essential to the insurance industry's digital transformation ... read more | |
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| | Research firm Aite-Novarica interviewed 10 life, annuity, and P/C insurance ... read more | |
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