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Today's Headlines March 1, 2022

NFTs: A Momentary Trend or More Below the Surface?

NFTs, or non-fungible tokens, have gained popularity primarily within the art world so far, but experts say it's just the beginning in terms of where the space could be headed. "The art world has seen a transformation in the NFT space," said Honor Palmer-Tomkinson, an account handler on the fine art and species team at... read more
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Supreme Court Asked to Resolve Federal Drug Law vs. State Medical Marijuana Laws Debate

The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers compensation insurers to pay for medical marijuana prescriptions for employees injured on the job. However, before it fully takes on the question, the high court has asked the Solicitor... read more
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 Brand Spotlight 
Defining Your Location on the Distribution Management Maturity Curve

Welcome back to our 'Two-Minute Q&A Chat Series' exploring distribution management, where we ask the tough questions on how to get the most out of your transformation. In our previous discussion, we introduced the DM Maturity curve and what value it can bring to carriers ...read more
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Pandemic, Other Risks Weigh on Minds of Middle-Market Execs

Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but other business risks loom large. According to a survey of 1,000 executives by Chubb and the National Center for the Middle Market (NCMM), 73 percent said business improved compared to a year... read more
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Homeowners Less Satisfied With Their Claims Experience: J.D. Power

Overall customer satisfaction with homeowners insurance claims fell to a five-year low, according to a new study by J.D. Power, as nearly every insurer's scores were dragged down by slower cycle times, more complicated claims processes and communications challenges. Amica Mutual and The Hartford tied for the top ranking in J.D. Power's 2022 U.S. Property... read more
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Aon Discloses 'Cyber Incident' Amid Mounting Concerns Over Hacks

Aon Plc is investigating a "cyber incident" that the insurance brokerage said impacted a limited number of its systems. The incident, identified Friday, "has not had a significant impact" on operations at Aon, the world's second-largest insurance brokerage, nor does the Dublin-based company expect it to, according to a regulatory filing Monday. An Aon representative... read more
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Attn. Product Recall Insurers: New CEOs More Likely to Issue Recalls

Newly tenured CEOs in the consumer products industry are more likely to announce a product safety recall than CEOs who have been in the position longer, according to a new study of 25 years of recalls at publicly traded companies. "We believe this is the case because newly tenured CEOs can attribute blame for the... read more
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8 Tips for Managing Your Time, Yourself

When we bury ourselves in daily work schedules, self-care and self-management activities are often neglected. To help put those back on your agenda, Carrier Management has compiled tips to take control of your schedule and lower your stress level, referencing recently published articles and blogs that deliver useful advice. Bring back your commute. In the... read more
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Research and Webinars

Price Policies more Accurately with Geospatial Technology

Join us on Wed. March 9th, 10 am PST, 1 pm EST Over-pricing policies could ...
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Reduce Expenses with Artificial intelligence

Today, there are four major forces that are putting pressure on the property ...
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P&C Technology Guide: How to Move Towards a "Predict and Prevent" Mindset

A 2020 U.S. P&C insurance performance analysis performed by EY showed that ...
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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 ...
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The 3 Things that Policyholders Want Most from their Claims Experience

This must-read white paper illuminates the role technology plays in solving two ...
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Media

Why Upgrades Were Up in 2021

InsurTech Newsletter


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