| Today's Headlines | March 5, 2021 |
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Amazon distributes e-books on iPads. Samsung supplies smartphone screens to Apple. "Coopetition" is nothing new in the business world. In fact, new partnerships are constantly forming that ultimately end up being beneficial to both parties. So, it should be no surprise that digital insurance carriers—initially thought to signal the disruption of agents—are now seeing benefits... read more | | |
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Litigated claims are a key driver of increasing loss and expense ratios for property/casualty insurance carriers. Data-driven approaches—in particular, suit avoidance techniques and proactive de-escalation practices—can help insurers reduce litigation rates. ALAE Ratios on the Rise Some of the key reasons behind these phenomena are: Litigation funding driving higher incidence of suit filing. Broader definitions... read more | | |
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Aon released its first ever Errors & Omissions/cyber insurance product snapshot and it presents a pretty dire snapshot of worsening conditions. read more | | |
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The upcoming anniversary of COVID-19 shutdown orders may reveal whether a significant number of policyholders have been waiting on the sidelines before suing their insurers for business-interruption losses. read more | | |
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British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings for pandemic-linked claims. read more | | |
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Europe's insurance industry doesn't have the capacity to deal with the systemic risk of a pandemic and more protection needs to be put in place through private-public partnerships, the head of Italian insurer Generali said on Thursday. read more | | |
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A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft mail server software, the company and outside researchers said on Tuesday - an example of how commonly used programs can be exploited to cast a wide net online. read more | | |
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Zurich Insurance promoted its chief underwriting officer to the role of CEO for its Commercial Insurance division. An Allied World veteran is joining Aon plc as Head of Casualty in its Reinsurance Solutions division in Bermuda. read more | | |
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| | " When it comes to insurance, small business owners want straightforward ... read more | |
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| | It has never been more evident that traditional paradigms no longer serve the ... read more | |
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| | Watch on demand: Erie Insurance's Tim Shine shares the journey to digitize the ... read more | |
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| | Now more than ever, insurance carriers are interested in using data science to ... read more | |
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| | Many of us made big changes to the way we work this year. Whether your team is ... read more | |
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