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| Today's Headlines | August 4, 2022 |
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Social inflation is increasing at a precipitous rate and resulting in unanticipated costs and risks for insurers. It has pushed up the cost of insurance claims at such a speed and extent that pricing no longer accurately reflects risk. If this persists, it could ultimately impact the capacity and even availability of whole lines of... read more | | |
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Global investment in insurance technology firms totaled $2.41 billion in the second quarter, down 50 percent from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher Re said in a report on Thursday. InsurTech firms make up around 10 percent of the fintech sector and have seen several successful fundraisings in recent... read more | | |
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Medicare faces numerous challenges in the years to come, with regulatory trends, federal funding, and increasing lifespans all playing a role in the future of the program and its private spinoffs. Yet, as digital adoption rolls in fits and starts with Medicare recipients, early rumors ... read more | | |
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Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the country's first conservative insurance group. "We felt the conservative customer was slowly being kicked to the side," said Tony Lani, CEO, co-founder and spokesman, in an email to Insurance Journal. "There are insurance companies... read more | | |
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Family members of some of the people killed or wounded during a 2019 shooting at a California garlic festival are suing the companies that distributed the rifle used in the attack, saying they did not take sufficient care to prevent misuse of the firearm. Two similar lawsuits filed in U.S. District Court in Vermont on... read more | | |
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Two-thirds of small businesses use insurance agents to buy insurance for their enterprises, but those buying insurance online report higher satisfaction with the buying process, according to a new survey report. Earlier this week, Celent, a global research and advisory firm focused on technology for financial institutions, published the report titled "The Tipping Point? The... read more | | |
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Researchers from Catholic University of Portugal, Boston College, Korea University, University of Texas at San Antonio, and Rice University published a paper in the Journal of Marketing that identifies customers' political ideology as an important driver of their satisfaction. The study is titled "How Political Identity Shapes Customer Satisfaction" and is authored by Daniel Fernandes,... read more | | |
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| | For many carriers, providing an exceptional digital experience for agents is a ... read more | |
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| | With all the technology available today, "going digital" might sound easy. But ... read more | |
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| | AI underwriting is here: Are you ready? What do you think of when you think of ... read more | |
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| | When every employee has a software robot to help with mundane tasks, it frees ... read more | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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