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| Today's Headlines | October 22, 2020 |
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When future insurance industry experts look back at 2020, they will commemorate it as the year that digital capabilities went from being a significant competitive advantage to an absolute necessity for stable business operations. Yet even as a new, increasingly "digitized normal" takes shape in the wake of the COVID-19 pandemic, many insurers still face... read more | | |
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Social inflation is the primary explanation offered for the need to increase general liability and excess casualty premiums in the last two years. With social inflation, injured parties are more likely to blame corporate defendants for their injuries, juries are more likely to find corporations liable and to award "nuclear verdicts," and the result is... read more | | |
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Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the COVID-19 pandemic. read more | | |
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Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently during ITC Global, the 2020 InsureTech Connect virtual annual meeting. read more | | |
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Approximately 78 percent of risk managers now purchase some level of cyber insurance, up from 34 percent in 2011, according to the tenth year of the Zurich North America and Advisen Cyber Survey. read more | | |
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The drumbeat for InsurTechs to pursue a marger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. read more | | |
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Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short of criminally charging its executives or wealthy Sackler family owners. read more | | |
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Hiscox Ltd., the international specialist insurer, announced the appointment of Kathleen Reardon as chief executive officer of Hiscox Re & ILS, subject to regulatory approval. Reardon succeeds Mike Krefta, who will be stepping down in early 2021. Most recently CEO of Hamilton Re, Reardon spent her early career at ACE in a variety of actuarial... read more | | |
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Being selfish, aggressive or manipulative at work is not the way to gain power, says a recent study by University of California, Berkeley Haas School of Business. Researchers tracked people with these disagreeable traits from college or graduate school to where they landed in their careers about 14 years later. "I was surprised by the... read more | | |
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| | AM Best expects that the Directors and Officers (D&O) segment will soon ... read more | |
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| | This guide provides carriers with a road map to address the needs and common ... read more | |
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| | Influencing the auto insurance claims process from the moment of impact reduces ... read more | |
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| | Given today's environment, how has the value proposition and adoption of smart ... read more | |
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| | The Jacobson Group and Aon's Semi-Annual Insurance Labor Outlook Study provides ... read more | |
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