| Today's Headlines | December 30, 2020 |
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"Jake from State Farm" returned to television in February, but with an unexpected twist. The iconic white character is now a younger Black man. The new campaign starts with the original advertisement, where a middle-aged, mildly overweight white male is in his living room, wearing pajamas in the dark at 3 a.m., answering questions over... read more | | |
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| | | Advertisement | | |  | | | | The Future of Insurance Distribution | | | Watch our live panel of experts discuss the recent report from Harvard Business Review
examining the influence of insurtechs on insurance distribution channels. | | | | |
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More than any human, COVID-19 is driving a digital transformation of the insurance industry. Everything about the way the industry has traditionally worked is under challenge due to the quarantine, and it will never be the same again. Below are eight changes that will likely become permanent within the insurance industry as a result of... read more | | |
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What does the year have in store for property/casualty insurers? There have been a lot of predictions published since late last year, with most forecasters commenting on insurance market conditions, and a few offering updates on economic growth and technology trends as well. Rate hikes are expected to continue for the next year or two... read more | | |
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Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He's also plugging away trying to keep businesses healthy, as well. In his role as a senior vice president and leader of Marsh's Alternative Risk practice, Lacovara has been fielding emails and phone calls... read more | | |
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A bipartisan group of U.S. House members want insurers to retroactively include financial losses relating to COVID-19 and other infectious diseases as part of their commercial business interruption coverage for policyholders. read more | | |
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The spread of COVID-19 across the globe and the associated economic fallout are evolving extremely rapidly, creating one of the most defining challenges of our time. In the past days, I have spoken with executives at some of our leading customers to understand how this is likely to impact our industry and I'm sharing my... read more | | |
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Having achieved unicorn status with a $1 billion valuation less than two years after its official October 2016 debut, InsurTech carrier Root Insurance Company may seem like an overnight success. The growth trajectory is hard to miss, whether measured by VC funding dollars, premiums, employee counts, app downloads or ZIP codes served (see "Root by... read more | | |
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Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an InsurTech that specializes in analyzing insurance policy language suggested recently, explaining that without specific words addressing pandemic risks, insurers might face claims down the road. In a new publication from RiskGenius, CEO Chris Cheatham describes the possibility that the absence of... read more | | |
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Social inflation has become the industry's most talked about subject in recent quarters. The frequency and severity of tort claims has increased, and insurers have had to add to prior-year reserves and to re-evaluate pricing and capacity to reflect altered loss expectations. It's not over. We believe the conditions underlying social inflation will plague the... read more | | |
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Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019 call with analysts, Allstate Chairman, President and CEO Thomas Wilson and his team attempted to put the plan in greater context and flesh out some of the details. One of the many changes: How agents earn commissions. 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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| | Now On Demand: Carriers, do you wish you could read your agents' minds? This ... 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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| | For the Insurance industry, digital transformation has shifted from the 3 - 5 ... read more | |
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| | "Managing agent licensing is a business-critical function for insurers and ... read more | |
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