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Today's Headlines August 16, 2022

Have Insurers Paid Too Much for Asbestos and Other Toxic Torts?

Have insurers and defendants been overpaying for asbestos liability claims? Are there other ongoing toxic torts where that might be true today? The questions arise as a result of a revolution that's now underway in genomic analysis and its application in civil litigation. Genomic analyses of molecular data can allow medical scientists to identify an... read more
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Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims

Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, according to Fitch Ratings. "We expect reinsurers to prioritize pricing, risk management and organic growth rather than M&A as they contend with the implications of the economic slowdown,... read more
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 Brand Spotlight 
Building Across Time: APIs Bring the Future to Today's Enterprise

Insurance systems can be mind-bending. Those of us who work in IT or develop insurance systems have a lot in common with science fiction writers. We are always looking to envision and accomplish what has not yet been done. We look at systems that are ...read more
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Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier

Coalition said it received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation. Digital Affect Insurance Company is a property/casualty insurer licensed in all 50 states. The acquisition will allow San Francisco-based Coalition to offer insurance policies through its own admitted insurance carrier. Coalition currently... read more
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S.C. Joins 3 Other State Supreme Courts, Rules No Coverage for COVID-19 Shutdown

The South Carolina Supreme Court on Wednesday became the fourth state high court in the nation to rule that the virus that causes COVID-19 cannot cause a direct physical damage or loss covered by a commercial property insurance policy. The state Supreme Court decided the issue by answering a certified question asked by a US... read more
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SPONSORED BY: SOCOTRA

Thriving in an Ecosystem: The Newest Tech Integration Driving Faster Growth

Don't miss this special LinkedIn event on Wednesday, August 17th, when leaders from Socotra and Fulcrum Digital will discuss how insurers should be using the latest tech to not only survive, but thrive.... read more
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Florida's Citizens Tops 1 Million Policies, Making It Largest in State

Florida's Citizens Property Insurance Corp., created by lawmakers as a last-resort option, has become the largest property insurer in the state with more than 1 million policies in force — and growing. Stakeholders did not celebrate the milestone, and some are urging the state legislature to take further steps to salvage Florida's distressed insurance market.... read more
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4 Tips for Carriers to Leverage Open-Source Data for Claims Management

It's no secret that fraudulent claims are an ongoing issue within the insurance industry. The FBI estimates the total cost of insurance fraud (non-health insurance) to be $40 billion per year. For insurance carriers, investigating these claims can make a complex situation even more challenging. However, in the age of data, a vast amount of... read more
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Research and Webinars

The State of Gulf Homes: 17 Million Single-Family Residences Analyzed

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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Best Practices for a Successful Digital Transformation

Based upon Utica First's own implementation experience, VP of Operations, ...
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Proactive Agent Engagement Tools

Leading insurers are already implementing digital engagement solutions for ...
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Annual Identity Theft Impact Report

Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ...
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How to Use Data to Select the Right Risks

It is no easy feat to underwrite in the Gulf-adjacent states, but minimizing ...
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Media

EP. 43: How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

InsurTech Newsletter


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