| | | Today's Headlines | August 26, 2022 |
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Insurance companies faced a growing labor shortage before the pandemic, but now the challenge of hiring and retaining skilled workers is even more significant. In late 2021, millions of Americans across all industries began to leave their jobs in search of better opportunities, whether for better pay, a better work-life balance or early retirement. This... read more | | |
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State Farm Fire and Casualty Co. and two former claims adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government's National Flood Insurance Program following Hurricane Katrina, have settled. According to documents in U.S. District Court for the Southern District of Mississippi filed late last week,... read more | | |
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The commercial insurance industry is growing, and an increase in the demand for insurance, government regulations, and growing competition are all contributing factors to its financial performance. In 2020, worldwide revenues for the commercial insurance market reached $349 million; by 2028, revenues are expected to ... read more | | |
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Thirty years ago Hurricane Andrew, the strongest storm to make U.S. landfall in more than two decades, gouged its way across south Florida, destroying more than 25,000 homes, by some estimates, and causing more than $15 billion in insured losses. Within a year, seven Florida-domiciled property insurers went broke and some of the largest U.S.... read more | | |
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Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew—a storm that upended and transformed insurance and the manner in which communities prepare for natural disasters—to broadcast their conclusion that man-made threats are today the "root causes of most market instability." A paper, "It's Not Just the Weather: The Man-Made Crises Roiling Property... read more | | |
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Erie Insurance has launched a venture capital division dedicated to investing in and providing support for visionary entrepreneurs. Erie Strategic Ventures' focus will span the personal and commercial insurance value chain. Initial areas of interest include insurance innovation in risk avoidance, claims, underwriting, digital sales, agency productivity tools, and products and services for home, families... read more | | |
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From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn't want to halt its reach anytime soon. In recent weeks, Amazon has said it will spend billions of dollars in two gigantic acquisitions that, if approved, will broaden its... 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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| | With all the technology available today, "going digital" might sound easy. But ... read more | |
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| | The Property and Casualty (P&C) insurance industry is being dramatically ... read more | |
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| | Transformative projects are never easy, but with the wisdom of your peers, you ... read more | |
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