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| Today's Headlines | July 12, 2022 |
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When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year's annual meeting, he was referring to scale rather than customer satisfaction scores. But State Farm wins on that front too, according to a Carrier Management analysis of customer satisfaction rankings published by J.D.... read more | | |
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Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to concerns about social inflation as a factor. Speaking at the 38th Annual S&P Insurance Conference in June, Markel Corporation's Co-Chief Executive Officer Richie Whitt was the first... read more | | |
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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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Lloyd's has decided to stay in its landmark headquarters building at One Lime Street in London – as long as it receives acceptable terms for the renewal of its lease. In January, the market reportedly was conducting a review of the lease, in light of the new hybrid workplace practices that were put in place... read more | | |
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Applied Underwriters on July 11 said it increased staff salaries across the board by 10 percent to keep up with inflation and its implications. The dramatic adjustment, far outpacing industry averages, came as predictions of inflation made by the company's lead economist, Justin Smith, speaking at a leadership panel in February, have become an acutely... read more | | |
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As missed warning signs pile up in investigations of mass killings, New York state is rolling out a novel strategy to screen applicants for gun permits. People seeking to carry concealed handguns will be required to hand over lists of their social media accounts for a review of their "character and conduct." It's an approach... read more | | |
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The National Highway Traffic Safety Administration has opened a special investigation into a recent crash of a Cruise self-driving vehicle in California that resulted in minor injuries, the agency said on Thursday. The auto safety agency did not identify the specific crash, but a Cruise vehicle operating in driverless autonomous mode was involved in a... read more | | |
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The European Union's executive warned on Thursday that the continent is facing one of its toughest years when it comes to natural disasters like droughts and wildfires because of increasing climate change. With extremely dry weather hitting several Mediterranean nations, EU Commissioner Maros Sefcovic told legislators on Thursday that "the present drought in Europe could... read more | | |
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| | Leading insurers are already implementing digital engagement solutions for ... read more | |
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| | The Property and Casualty (P&C) insurance industry is being dramatically ... 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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| | Based upon Utica First's own implementation experience, VP of Operations, ... read more | |
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| | Utica First Insurance transformed agency engagement with innovative ... read more | |
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