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Today's Headlines September 26, 2022

3M Belgian Settlement Signals Increased Risk of 'Toxic Torts' in Europe

"Toxic torts," which are lawsuits alleging damage to human health or the environment caused by specific substances, are increasingly common in the United States. They can cost defendants hundreds of millions, even billions of dollars. But such risks are no longer a U.S.-only concern. With a recent settlement between the Belgian government and 3M Co.... read more
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Federal Appeals Court Upends $6M Lead Paint Verdict From 2019

A federal appeals court has cleared one paint manufacturer and ordered a retrial for two others in a case in which a jury in 2019 awarded $6 million to three men whose brain damage was blamed on their years of exposure to lead paint. The U.S. 7th Circuit Court of Appeals cleared paint manufacturer Sherwin-Williams... read more
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 Brand Spotlight 
More than just Prefill: Robust data and analytics are fast-tracking small commercial underwriting

Imagine that you receive a quote application from a residential remodeling company working out of a Pennsylvania town near Philadelphia who also does business across the Delaware River, in New Jersey. As you pore over the application, which may include more than 90 queries, you ...read more
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Marsh Clients Can Pay Fees With Carbon Credits

Marsh announced that U.S. clients now have the option to pay their service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move — believed to be a first-of-its-kind in the financial services industry — is part of Marsh's commitment to help accelerate the energy transition from fossil fuels to renewables and... read more
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Safety Board Recommends Blood Alcohol Technology in All New Cars

The National Transportation Safety Board is recommending that all new vehicles in the U.S. be required to have blood alcohol monitoring systems that can stop an intoxicated person from driving. The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of the biggest causes of highway... read more
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SPONSORED BY: Talkdesk

Making AI Your Most Powerful Customer Experience Tool

Client experience is a crucial piece of any organization's success. Leveraging better digital and self-service experiences for customers can create a more efficient process and drive customer loyalty, with tech that is well-integrated into your business. Listen to this webinar to discover what problems AI can help solve in the insurance customer experience.... read more
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Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal

A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees' Retirement System and Zurich Insurance Group AG have committed to managing $7.1 trillion of assets in line with the Paris Agreement's goal of limiting warming to 1.5 degrees Celsius. The United Nations-convened Net Zero Asset Owner Alliance said in... read more
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'Captain America' Swoops in to Fix Hurricane-Hit Roofs in New Orleans

Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs. But for people in his old neighborhood, knowing their tarp-covered roofs were getting repaired was a blockbuster hit. Mackie is working with GAF, one of the country's leading roofing manufacturers, to... read more
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Research and Webinars

AM Best’s Market Share Report: Environmental, Social and Governance Risk Considerations Affecting this Market

In 2021, US crop insurers achieved favorable results, with record high premium ...
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Strategies for Building an Ecosystem for Change

Today, insurers of all sizes are filling technical gaps by accessing ...
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The Five Components of a Managed Repair Technology Ecosystem

Insurers face formidable challenges when it comes to the end-to-end handling of ...
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Identity Theft: 2020 vs 2021

Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ...
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The Advantages and Challenges of AI/ML Insurance Models

AI underwriting is here: Are you ready? What do you think of when you think of ...
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Media

Green vs. Gray: Where the Entry Level Jobs Are

InsurTech Newsletter


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