| Today's Headlines | July 28, 2022 |
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Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels like the Connecticut-based giant. "How does a small or regional company keep up with the scale of investments that a handful of... read more | | |
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Florida's insurance commissioner announced Wednesday that his office has found an "unprecedented solution" to the looming property insurer rating crisis — let Citizens Property Insurance Corp. provide a level of reinsurance to companies in case they are downgraded, at least temporarily. Insurance industry advocates called it "innovative" and an "elegant solution." And Citizens officials have... read more | | |
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Florida's changing statutory environment surrounding insurance coverage for roofs may demand more robust data to clarify the risk amid increasing complexity. Bills SB 2D1 and SB 4D2, signed by Governor Ron DeSantis on May 26, enacted rules concerning issuing and renewing homeowners' policies and attorneys' ... read more | | |
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Global natural disasters during the first half of 2022 cost insurers about $34 billion, which covered a little more than half of the overall $65 billion in losses from floods, earthquakes and storms during the first six months, according to Munich Re. The overall total is below the $105 billion in losses seen the previous... read more | | |
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Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm SonicWall. The number of so-called cryptojacking attacks on financial companies more than tripled in the first half from a year earlier, SonicWall said in a report published Tuesday.... read more | | |
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SPONSORED BY: Amazon Ads Max Life Insurance used Amazon DSP to reach custom audience segments based on life stage, lifestyle habits, and product purchases - 66% of the generated leads were found to be relevant. Amazon Ads can help design ad experiences that leverage billions of first-party insights... read more | 
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Reinsurer SCOR reported a first-half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in Brazil. The H1 loss of €239 million (US$242.6 million), compares with net income of €380 million ($385.8 million) reported during the same period in 2021, SCOR said, noting that €159 million ($161.4 million) of the H1... read more | | |
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Teva Pharmaceutical Industries on Tuesday announced a $4.35 billion proposed nationwide settlement that could resolve thousands of lawsuits over the drugmaker's alleged role in the U.S. opioid epidemic. The proposal calls for Teva to pay up to $3.7 billion in cash over 13 years and provide a company estimated $1.2 billion worth of the opioid... read more | | |
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Applied Underwriters announced the formation of Applied Entertainment & Sports, a new division of the company that will consolidate existing business and add new business in an entertainment and sports unit headquartered in Los Angeles with a New York satellite office. The enterprise's debut follows several recent acquisitions and commercial business introductions. The division will... 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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| | Based upon Utica First's own implementation experience, VP of Operations, ... read more | |
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| | Now On Demand! Strategy Sessions – A Lunch Hour Look at Critical Topics with ... read more | |
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