| Today's Headlines | September 2, 2022 |
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A microchip shortage. Logistics industry backlogs. Supply and labor challenges. Worsening driver behavior. Social inflation. These are just a few challenges the auto industry is currently grappling with, meaning claims will likely continue to be impacted and rates will continue to rise as auto insurers confront a hardening market, experts say. "I would not call... read more | | |
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When people think of cyber attacks, they might think of things like phishing, ransomware or data theft. But increasingly, something called cyber-physical attacks are making their way into the conversation — particularly in the critical infrastructure industry — and experts on this episode of The Insuring Cyber Podcast say they are likely to continue growing.... read more | | |
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As part of an "organizational realignment," Hippo Holdings Inc. said that it is eliminating roughly 70 jobs from the company, amounting to about 10 percent reduction of the InsurTech's overall workforce. Hippo, a home insurance company, revealed the news in one of two 8-K filings with the Securities and Exchange Commission in the past few... read more | | |
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InsurTech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance market. Fairmatic started back in May 2018 and did a soft launch, building up its book in the large commercial fleet space. Fairmatic describes... read more | | |
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Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for underwriters in the years ahead. Updating an earlier report on the U.S. D&O insurance market with data for the first-half of 2022, Fitch Ratings calculated the... read more | | |
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A new study from insurer Hiscox shows that cyber attacks on U.S. businesses are more frequent and more expensive than ever before. The annual Hiscox Cyber Readiness Report, which gauges businesses' preparedness to combat cyber incidents and breaches, surveyed over 5,000 professionals responsible for their company's cybersecurity from the U.S., UK, Belgium, France, Germany, the... read more | | |
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What's considered officially "dangerous heat" in coming decades will likely hit much of the world at least three times more often as climate change worsens, according to a new study. In much of Earth's wealthy mid-latitudes, spiking temperatures and humidity that feel like 103 degrees (39.4 degrees Celsius) or higher—now an occasional summer shock—statistically should... read more | | |
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| | Insurers face formidable challenges when it comes to the end-to-end handling of ... read more | |
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| | Artificial Intelligence is going to be a major key to growth in this decade. ... read more | |
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| | Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ... read more | |
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| | An engaging and efficient agency portal translates into ease of doing business ... read more | |
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| | It is no easy feat to underwrite in the Gulf-adjacent states, but minimizing ... read more | |
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