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Today's Headlines April 14, 2022

Why One Carrier Decided to Stick With Fully Remote Working

Topa Insurance Company (TIC), like most insurance businesses, shifted to a remote workforce out of necessity in 2020. TIC continued to be successful in the new work environment and quickly decided to make the remote workforce move a permanent one. March marked a milestone, two years from the transition of an in-office work experience to... read more
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Advice for Casualty Insurance Brokers: 'Get Out of the Pajamas'

Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen's Casualty Insights Conference said the "art of the broke needs to come back." "It really needs to be more than an email with a spreadsheet to the... read more
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 Brand Spotlight 
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It's no secret AgentSync has a Salesforce backbone. But if you're not familiar with the intersection of technology and insurance, you may not understand why we chose this route to build. From a simple historical standpoint, AgentSync wasn't developed in a vacuum. We stand on ...read more
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How to Succeed in Workers Comp: A Digital Distribution Playbook

Workers compensation is inarguably the most competitive line in the commercial lines insurance market this year. According to most broker and carrier market reports, it's the only one that has escaped hard market pricing. But competing in the workers comp market can take another path, a research analyst pointed out recently. More and more carriers... read more
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As Climate Disclosures Toughen, Corporate Laggards May Be Vulnerable to Lawsuits

A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate change dawdlers as campaigners increasingly turn to the courts to force a speedier transition to a low-carbon economy. Almost 2,000 climate change-related lawsuits have been launched around the world to date, the bulk in the last seven years, London's... read more
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Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure

Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing plants, the U.S. government said in an alert on Wednesday, warning of the potential for cyber spies to harm critical infrastructure. The U.S. Cybersecurity and Infrastructure Security Agency and other government agencies issued a joint... read more
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South Carolina Insurance Director Farmer to Retire

South Carolina Department of Insurance Director Ray Farmer is retiring after nine years of service, effective April 15, 2022. Farmer was appointed to lead SCDOI in 2012 by former Governor Nikki Haley, and Governor Henry McMaster asked him to continue serving in the same position in 2018. During his tenure, Farmer focused his efforts on... read more
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Executives on the Move at USAA, GEICO, Old Republic

USAA has named Julie McPeak as senior vice president, general counsel for Insurance. She will oversee both the P&C and Life Company legal teams for USAA. McPeak joins USAA from Root Inc., where she served as senior deputy general counsel since 2020. She has nearly 30 years of experience that includes serving as the commissioner... read more
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Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021

Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite claims nationwide increased to 17,989 from 17,567 in 2020—a 2.2 percent increase. The... read more
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Research and Webinars

Data-Driven Property Intel for Faster Customer Relief

Better serve policyholders across your insurance workflows with powerful ...
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Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting

According to Harvard Business Review, low-quality data costs U.S. businesses ...
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Strengthen Your Core: Discover How 5 Core Commercial Property Attributes Can Help Empower Data-Driven Underwriting

Evolve from "good enough" to actionable data to empower your underwriting. Stop ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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P&C Technology Guide: How to Move Towards a "Predict and Prevent" Mindset

A 2020 U.S. P&C insurance performance analysis performed by EY showed that ...
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Media

EP. 35: Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

InsurTech Newsletter


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