| Today's Headlines | July 29, 2022 |
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| Many insurers think they have climate casualty risk managed by virtue of avoiding writing the oil and gas industry or with limitations on their policies. Climate casualty risk is broader than this view indicates, with the primary and secondary effects of climate change creating risks across most sectors of the economy. The importance of this... read more |
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| Digital insurer Lemonade said it has closed the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction. Metromile shareholders received 7.3 million Lemonade shares, while Lemonade received a business with over $155 million in cash, over $110 million in premiums, an insurance entity licensed in 49 states and a team it said is... read more |
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| Insurance has long been a one-dimensional purchase – you buy it and keep the policy until you need it. The problem is that the interaction is largely one-sided, and most people never actually make a claim or reach out to their insurance company. However, the way ...read more |
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| Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to "keep pace with loss costs, which are hardly benign." Greenberg said during the July 27 call to discuss second-quarter earnings that Chubb has increased the inflation factors it is using in loss ratios to set rates that can... read more |
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| Brutal heatwaves gripped both Europe and the United States last week and are forecast to dump searing heat on much of China into late August. In addition to temperatures spiking above 40 Celsius (104 Fahrenheit), wildfires are raging across southern Europe with evacuations in towns in Italy and Greece. The searing heat is part of... read more |
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| AbbVie Inc.'s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed by state and local governments over the marketing of its Kadian opioid painkiller, according to people familiar with the matter. The deal would settle more than 3,000 lawsuits brought by government entities seeking to recoup... read more |
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| The federal judge administering more than 230,000 lawsuits against 3M Co. questioned whether the industrial giant acted in good faith when it decided to try to shift the cases to bankruptcy court instead of facing separate jury trials around the U.S. U.S. District Court Judge M Casey Rodgers, in Pensacola, Fla., held a hearing Wednesday... read more |
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| USAA announced that Randy Termeer has been named president, Property and Casualty Insurance. Termeer joined USAA in 2017 as senior vice president and general manager of Auto Insurance. Most recently, he led USAA's acquisition of Noblr, launched Small Business Insurance and the SafePilot program. Prior to joining USAA, he served as chief operating officer for... read more |
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| With all the technology available today, "going digital" might sound easy. But ...
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| AI underwriting is here: Are you ready? What do you think of when you think of ...
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| When every employee has a software robot to help with mundane tasks, it frees ...
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| Based upon Utica First's own implementation experience, VP of Operations, ...
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| Leading insurers are already implementing digital engagement solutions for ...
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