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Today's Headlines August 6, 2021

Competitors Poached Talent as Aon/WTW Merger Plans Grew Uncertain

While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the "distraction and uncertainty" that existed for both brokers. read more
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AIG Celebrates Strong Q2 Gains Driven by Investment Income, Business Growth, Rate Hikes

American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer catastrophe losses and strong rate hikes in its property/casualty business. read more
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 Brand Spotlight 
5 Reasons Insurers Are Embracing a Greenfield Approach to Innovation

If you could start over, knowing what you know today, what would your life look like? Where would you live? How would you spend your time and money, and with whom? It's fun to let your mind wander this way. For many of your competitors ...read more
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The Great Enrollment Tsunami of 2021: Are Carriers Ready?

As the pandemic begins to recede and businesses reopen, there's buzz in the insurance carrier world about a tidal wave of enrollments and policy changes that could be heading their way. Certain trends have already gained momentum and turned heads in the insurance industry. For starters, customers are wondering if they have the right liability... read more
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Liberty Mutual Rebounds From COVID-19 Challenges

Liberty Mutual's 2021 second quarter swung to a profit as the insurer rebounded from challenges it faced last year due to the coronavirus pandemic. read more
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State Auto, Soon to Be Snatched Up by Liberty Mutual, Reports Q2 Decline in Net Income

State Auto Financial Corp., soon to be acquired by Liberty Mutual for $1 billion, saw a large Q2 decline in net income due to a dip in net investment gains and as well as natural catastrophe losses. At the same time, the Ohio- based insurer reported healthy commercial insurance premium increases. State Auto's Q2 2021... read more
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MGA InsurTech Corvus Acquires Wingman Insurance, Targeting Admitted Coverage Marketplace

MGA Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye on the admitted coverage marketplace and more digital platform partnerships. More acquisitions appear likely. read more
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London Struggles to Lure Back Financial Workers, Legal & General Warns

The head of one of the UK's largest insurers and investors warned that the City of London is struggling far more than the country's other office districts in luring workers back to their desks. read more
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FDA Slaps 'Most Serious' Label on Philips Ventilator Recall Over Low Oxygen Risk

The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips' ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause serious injuries or death. read more
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Research and Webinars

How Insurers Can Launch A Direct-to-Consumer Sales Model in 60 Days or Less

Want to add a direct-to-consumer distribution channel to your sales line-up? ...
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A 3-Step Guide to Insurance Transformation

The insurance industry faces significant disruption from multiple fronts, ...
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Value Chain Disruption in Insurance

83% of insurance CEOs say they are "concerned" about the speed of technological ...
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Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk

Cyber insurance has become a significant issue for insurers. From being a ...
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2021 Future of Claims Study

The 2021 Future of Claims Study focuses on the acceleration in virtual claims ...
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