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Every month since the onset of the pandemic, American workers started quitting their jobs. In November 2021, the number of people who quit their current positions just that month topped 4.5 million, according to the Bureau of Labor Statistics—the highest number of resignations since the onset of what is now deemed the Great Resignation. In... read more | | |
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| | | Advertisement | | |  | | | | Free Webinar featuring Michael DeGusta // April 6 | | | See how a flexible approach to insurance technology can help you grow your business in a time
where minor specialty lines (e.g., cyber, cannabis, flood) are re-emerging as major coverages. | | | | | | | | ClarionDoor |
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More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured losses stood at slightly more than $20 billion—more evidence of a large ongoing global insurance protection gap, according to Swiss Re Institute's latest sigma report. Overall, natural catastrophes in 2021 resulted in a total global... read more | | |
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The future of DIY home security has arrived. With remote work on the rise and new products hitting the smart home technology market, smart devices for DIY home monitoring are seeing a striking new level of demand. According to 2021 research from Parks Associates, self-installation ... read more | | |
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AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the European Union (EU) and in advance of the EU's April 15, 2022 deadline. In addition, AM Best has terminated the provision and redistribution of all information... read more | | |
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Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to operate at scale, and will generate efficiencies and deliver innovation that will benefit Beazley's clients and brokers, the company said in a statement. Specialty Risks—created with... read more | | |
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SPONSORED BY: AgentSync Most carriers, agencies, and MGAs are using fairly manual processes to maintain and update data for their downstream producers and partners. Consequently, the producer management lifecycle is, in these businesses, an obstacle to growth. In this guide we've outlined how you can use modern tools to not only remove obstacles, but supercharge your growth.... read more | 
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The Boy Scouts of America's sexual abuse compensation fund may force insurers to make payments they can't negotiate over, even if the claims are fraudulent, a group of the companies argued in court. Insurers, including American International Group, Liberty Mutual Insurance and Travelers Casualty and Surety, began their case against the biggest-ever compensation fund for... read more | | |
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Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a "current" threat to American national security, a top FBI official told lawmakers on Tuesday. "The threat from Russia in a criminal sense, in the nation state sense, is very, very... read more | | |
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A new report from a consumer group calls out what it says are privacy problems posed for consumers from connected cars, and it points to new rules to be developed in California as a potential model across the country. Secret recordings of insurance industry meetings revealed in the report allegedly indicate that California Insurance Commissioner... read more | | |
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Guy Carpenter has appointed Julian Enoizi as global head of Public Sector, effective April 11, 2022. In this newly created role, Enoizi will work with the global team to identify opportunities to address systemic risks, such as cyber and climate change, and develop innovative solutions that facilitate a closer working relationship between public and private... read more | | |
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