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| | | | | | | Get smart on virtual underwriting data | | | | Virtual and mobile technology can enhance commercial property underwriting, but poor survey vetting, outdated imagery, and lack of field expertise can lead to mistakes. | | | | | | | | Verisk | | |
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| Today's Headlines | January 26, 2022 |
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| Mass litigation is every casualty insurer's worst nightmare, conjuring up memories of the unending flow of asbestos litigation and the devastating effect it had on the industry. Today, though, we're in what seems like the throes of another potentially unending mass litigation over the "forever chemicals," per- and poly-fluoroalkyl substances (PFAS). PFAS chemicals have been... read more |
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| Direct premium production for the U.S. P/C industry through third-quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability. Through the first nine months of 2021, the U.S. P/C industry recorded a 10 percent increase in direct premiums compared with the same period... read more |
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| Change and disruption are constants in today's world, but they continue to gain intensity and breadth across the industry. Insurers will continue to face bottom line challenges due to rising inflation, low interest rates, increased regulation, plus increased risks from the pandemic, cyber and climate ...read more |
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| There's been a surge in new home-based businesses during the pandemic, but many aren't covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited. With more than 15 million home-based businesses in the U.S. spanning almost every industry, there is no "typical" home-based business,... read more |
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| Duck Creek Technologies, a global technology services provider for the property/casualty insurance industry, entered a strategic partnership with Hi Marley, a communications platform for carriers and policyholders. The Duck Creek-Hi Marley partnership aims to modernize the claims experience by enhancing communication and information sharing between adjusters and policyholders using text messaging (SMS). It also seeks... read more |
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SPONSORED BY: CoreLogic Over the past year, online client demand has maintained a steep upward climb. To meet these new customer expectations, carriers must focus on three main areas of change: online consumer engagement, technology capability, and operational alignment.... read more |
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| Warren Buffett's Berkshire Hathaway Inc. plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the United States. In a statement on Tuesday, the Omaha, Neb.-based conglomerate said "we are planning for an in-person meeting" on April 30... read more |
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| Generali, Italy's biggest insurer, said on Tuesday that Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks. Generali's second-largest shareholder, Francesco Gaetano Caltagirone, quit the board on Jan. 13, followed days later by a representative for Leonardo Del Vecchio, the group's third-biggest investor.... read more |
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| USAA ranks first in customer satisfaction among the top 15 U.S. property insurers, according to research from customer engagement company Verint. USAA earned its No. 1 spot with a customer satisfaction (CSAT) score of 83.7. State Farm came in second with 81.7, followed by Allstate with 81.1, American Family Insurance with 80.9 and GEICO with... read more |
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| "Managing agent licensing is a business-critical function for insurers and ...
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| The home improvement boom was an unexpected risk for the P&C insurance ...
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| Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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| This paper will review the current model of incident response for ransomware ...
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| Effective distribution is essential to carrier success, especially as the ...
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