| Today's Headlines | August 1, 2022 |
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Cash burn is so 2020. To keep with the recent theme of calling out the obvious, it's time to talk about the next big risk for product-centric InsurTechs. It's not cash burn. Everyone knows about that now. (I tried to warn about that two years ago.) No, there's a bigger threat: the Reinsurer's Veto! What's... read more | | |
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Immediately after Lemonade closed its deal of Metromile on July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile employees have been posting the news on LinkedIn, with others offering potential opportunities. According to Blind, an anonymous social network for professionals, Lemonade laid off about 20 percent of Metromile's... read more | | |
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The industry's blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. "The directors, following consultation with the shareholders, have collectively concluded that there was not sufficient support to continue with the venture at this stage," said an announcement on the company's website. "I think it was a very quality effort,... read more | | |
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The UK's heat wave last month fueled so many blazes in London that the city's fire service was busier than any day since Nazi attacks in World War II. More than 840 people may have died in England and Wales, according to a preliminary analysis. Now, a rapid scientific analysis of the event concludes that... read more | | |
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A judge on Friday overturned a Washington state rule prohibiting insurers from using credit scoring to set rates for auto, homeowner and renter insurance. Insurance Commissioner Mike Kreidler adopted the rule in February, immediately drawing a legal challenge from insurer groups. The rule, which was set to take effect March 4, was paused while the... read more | | |
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Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40 percent over the previous year, according to an AM Best report. The new Best's Market Segment Report, titled, "U.S. Crop Writers Benefit From Rising Commodity Prices and Innovation," said private crop... read more | | |
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A new study led by the University of South Australia indicates tens of thousands of wind turbine blades will end up in landfills by the end of the decade unless end-of-life programs are established soon. The study, led by Professor Peter Majewski, highlights the challenges of recycling wind turbine blades, which are made of either... 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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| | Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ... read more | |
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| | Utica First Insurance transformed agency engagement with innovative ... read more | |
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