Critical Information for P/C Carrier Executives
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| | | | | | | Bitcoin, Robinhood & SPACs | | | | How should an insurance company adjust its investment strategy in light of this elevated risk taking? | | | | | | | | New England Asset Management (NEAM) | | |
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| Today's Headlines | April 26, 2021 |
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| About a year ago, two months into the COVID-19 pandemic, Slice Labs laid off about a third of its staff due to the coronavirus-related economic environment. Like many other startups, the company needed to conserve cash and figure out a survival strategy in dramatically uncertain times. Slice adapted quickly, however, and now the InsurTech is... read more |
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| Even the most experienced insurance companies could not have prepared for COVID-19, leaving portfolios riddled with uncertainty for an indeterminate time. Perhaps no line of business has felt the impact quite like workers compensation, with estimates of 30 million small business claims tied to related losses. In California, for example, 11.2 percent of workers comp... read more |
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| Business travelers are itching to travel again for work and life, but most remain concerned at the same time about contracting COVID-19 and favor extra precautions, according to a new global survey from Chubb. read more |
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| Property/casualty insurance software firm Insurity has completed its acquisition of Instec, a cloud software maker for mid-size property/casualty carriers, managing general agencies and specialty insurers. read more |
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| Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from broker Willis Towers Watson and law firm Clyde & Co. read more |
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| The U.S. inland marine insurance segment experienced a "significant downturn in profitability" in 2020, with its loss ratio deteriorating by nearly 16 percentage points amid the COVID-19 pandemic, according to an AM Best report. The Best's Market Segment Report, "Significant Impact on Inland Marine Insurers' Profitability from COVID-19," notes that any result in the inland... read more |
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| Lloyd's of London was the focus of climate change activists on Friday, when a group called "Insurance Rebellion" used a dump truck to deposit a large pile of fake coal in front of the Lloyd's headquarters on One Lime Street. read more |
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| UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday it had filed an appeal in an Egyptian court over the detention of the vessel by authorities. read more |
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| Digital innovation is reshaping payments in the insurance industry. ...
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| Against the backdrop of digital transformation and the pandemic, insurers can ...
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| Consumers don't take into account the fees that insurance companies have to pay ...
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| Sprinklers prevent costly property damage. Mitigate risk, educate customers, ...
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| New consumer trends reveal the path carriers can follow to thrive in this ...
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