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| Today's Headlines | June 14, 2022 |
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Risk models are an increasingly critical component to the modern insurance carrier. They are relied upon for all phases of insurance, from marketing and sales to pricing, claims, and operations. After more than two decades of working with insurance carriers on their risk models, it has become apparent to me that there are some common... read more | | |
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Liberty Mutual announced that Monica Caldas has been named executive vice president and chief information officer, effective January 2023. With this appointment, Caldas joins the company's executive leadership team and will report to Tim Sweeney, who was appointed CEO of Liberty Mutual beginning in January 2023. Caldas joined Liberty Mutual in 2018 and was promoted... read more | | |
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The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurer and self-insured companies' liabilities for black-lung occupational disease claims have ballooned — to an estimated $9 billion and perhaps more than $14 billion. That's according to a recent report from Milliman, the global actuarial and consulting firm. The... read more | | |
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The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance of the system in 765,000 vehicles... read more | | |
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Sterling Jewelers Inc. agreed to pay $125 million to roughly 68,000 female retail sales workers who sued the company 14 years ago alleging sex bias in pay and promotions, according to a press statement and class counsel. The deal still needs to be approved by the arbitrator overseeing the landmark class arbitration, attorney Joseph M.... read more | | |
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The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021, but its combined ratio remained an unprofitable 108 and a return to profitability in unlikely, said Fitch Ratings. Fitch said it expects results to improve in 2022 on the back on premium growth but "the competitive nature of the... read more | | |
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Whether a boss is perceived as "good" or "bad" can be the deciding factor in an employee's decision to stay or quit, according to a new survey from GoodHire, a provider of employment and background screening services. In fact, while 70 percent of surveyed workers across 10 industries said they enjoy working for their manager,... read more | | |
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| | Utica First Insurance transformed agency engagement with innovative ... 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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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | Automation is essential to the insurance industry's digital transformation ... read more | |
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| | "They got planes in the air, and we had pictures the next day... before we ... read more | |
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