| Today's Headlines | February 22, 2022 |
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After a year when insurers couldn't hire new staff as quickly as people left their jobs, carriers are paying up to attract experienced talent—and may well need to adjust compensation for remaining staffers, researchers reported last week. Reporting the results of the Semi-Annual U.S. Insurance Labor Market Study conducted The Jacobson Group and Ward Group,... read more | | |
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Rating upgrades in the U.S. property/casualty insurance segment bounced back to pre-pandemic levels in 2021, increasing to 7.7 percent of all rating actions compared with 5.3 percent in 2020, according to a new AM Best special report. According to report, "P/C Rating Upgrades Increase for 2021 as Insurers Adjust to Pandemic," the total number of... read more | | |
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Personal auto insurance has turned the corner into a hard market as 2022 dawns, with pure premium now exceeding levels seen before the pandemic. This shift amplifies the market's already dynamic state, marked by trends such as more young adults living at home, a resurgence ... read more | | |
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Insurer groups last week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the Professional Insurance Agents of Washington, and the Independent Insurance Agents and Brokers of Washington jointly filed a petition for a writ of mandamus in the Supreme Court... read more | | |
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Colorado's Pinnacol Assurance and Northland, a division of Travelers, both announced new leadership this month. *** At Pinnacol, Colorado's largest workers compensation insurer, John O'Donnell will serve as the company's next president and chief executive officer. After an extensive nationwide search, O'Donnell will join the company Feb. 28, succeeding Phil Kalin, who is retiring on... read more | | |
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SPONSORED BY: Korem Over-pricing policies could trigger the loss of high-quality, lower risk customers, while underpricing may cause high-risk and low margin customers to be retained. More accurately and efficiently identifying policyholders is critical to maintaining a healthy and balanced book of business. This free webinar on Geospatial Technology explains how to integrate geoprocessing solutions into... read more | 
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America's coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly with costly floods even on sunny days, a government report warns. By 2050, seas lapping against the U.S. shore will be 10 to 12 inches (0.25... read more | | |
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Auto safety regulators in the U.S. have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 complaints from owners during the past nine months about "phantom braking" in Tesla Models 3 and Y. The probe covers an... read more | | |
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Unboxed, a sneaker app for sneaker enthusiasts—sneakerheads—announced that is partnering with Assuredly, a managing general agency, to insure the sneaker collections of Unboxed members, protecting them from fakes, theft and damage. According to the media announcement Unboxed Co-Founder James Washington has spent years working on the best methods to authenticate sneakers. "There is a lot... read more | | |
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| | It's good to be in the E&S market right now. Indeed, E&S typically ... read more | |
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| | Strategy Meets Action (SMA) offers insurers insights on advancements in premium ... read more | |
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| | Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ... read more | |
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