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Today's Headlines February 12, 2021

Responding to the Impact of COVID on Workers Comp

The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same issues we thought we would be addressing when the pandemic hit the U.S. in March 2020. Recession Risk The acute crisis for the workers compensation system is the recession, which has devastated employment, especially in hospitality, retail... read more
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Actuary to Actuary: How to Help Combat Racism in the Workplace

As actuaries and other professionals in the property/casualty insurance industry start to better understand racism, many people genuinely want to help, but they don't know how. They also fear saying the wrong thing or being implicated, especially since—as we saw in the related article, "Actuary to Actuary: Understanding Racism In the Workplace"—you can be well... read more
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Nationwide Boosts Venture Capital Fund to $350 Million

Nationwide plans to more than triple its venture capital fund and also increase the division's alignment with its corporate development strategy. read more
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Chubb Wins in Judge's Denial of Target's Data Breach Bank Claims

Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013 data breach. A federal judge in Minnesota ruled the retailer had failed to prove that its reimbursement to banks for their costs of issuing new credit cards to victims of the data breach was a covered "loss of use" under its two commercial general liability (CGL) policies. read more
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Irish Central Bank Pledges to Act Against Insurers Who Don't Pay COVID-19 Claims

Ireland's central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful test case in court last week, or risk facing legal action by the regulator. read more
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Insurers Overwhelmed by Demand for D&O Coverage for Reverse-Merger Companies

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. read more
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Zurich Insurance's Capital Target Disappoints; Full-Year Profit Beats Expectations

Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected into full-year earnings. read more
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The Latest Launches From Arch Insurance and Berkshire Hathway GUARD

Arch Insurance debuted a new online platform that lets brokers rapidly price and purchase Business Travel Accident policies for U.S.-based companies with up to 250 business travelers. Berkshire Hathaway GUARD Insurance Companies has expanded the sale of its Lawyers Professional Liability product to Colorado, Kentucky and Nebraska. read more
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Research and Webinars

Leveraging Technology to Unlock Productivity and Drive Growth

Join us on Wednesday, February 24th, 10 am PST, 1pm EST Protective Insurance ...
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Function vs. Speed: How Insurance Startups Can Have Both in a Digital Platform

"An insurance startup's approach to implementation could determine how well ...
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Focusing Directly on The Customer; A Small Commercial Lines Shift

" When it comes to insurance, small business owners want straightforward ...
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7 Capabilities Insurers Need To Meet Digital Customer Demands

"Delivering payments immediately – to claimants and third-party providers – ...
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How Carriers are Managing Licensing & Compliance: New Models for New Times

"Managing agent licensing is a business-critical function for insurers and ...
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Media

Diversity, Resilience, Innovation: Altmaier’s NAIC Priorities for 2021

InsurTech Newsletter


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