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| | | | | | | Life Insurers' Net Investment Spreads | | | | Declining yields over the decade(s) continue to challenge the life insurance industry. Are life insurers making adequate investment spreads? | | | | | | | | New England Asset Management (NEAM) | | |
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| Today's Headlines | June 2, 2021 |
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While InsurTechs like Loop and Buckle are trying to reshape the future of insurance without using credit scores to underwrite or price policies, the rest of the industry has yet to embrace the change. "Several insurers have begun to use telematics in their pricing decisions, but they still rely on proxies like credit history and... read more | | |
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As COVID-19 ravaged the world last year, CEOs' big pay packages seemed to be under as much threat as everything else. Fortunately for those CEOs, many had boards of directors willing to see the pandemic as an extraordinary event beyond their control. Across the country, boards made changes to the intricate formulas that determine their... read more | | |
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A few weeks ago, German shoppers at supermarket Rewe, in Cologne, began filling their carts and walking out of the store without checking out. Rewe is testing a process pioneered by Trigo, a tech provider that has consolidated cameras, scanners and AI technology, in order ... read more | | |
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A coalition of internet accountability groups is warning the Biden administration against including liability protections for tech companies in future trade agreements, saying that could hamstring efforts to hold platforms responsible for user content. In a letter sent to President Joe Biden last Thursday, the organizations said including a legal shield in trade deals like... read more | | |
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The bill attempts to solve some of the issues plaguing the state's homeowners insurance market in which insurers lost more than $1.5 billion last year. But two provisions the industry and experts identified as critical to addressing cost drivers and stabilizing the market were left out of the final bill. Florida's insurance regulator is optimistic the new reforms will have a positive effect on the state's marketplace over the longer term. read more | | |
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A conservative group representing small businesses has sued Major League Baseball and its players' union over the decision to move next month's All-Star Game out of Georgia in response to that state's new voting restrictions. In a Monday night complaint, Job Creators Network said the defendants violated a 150-year-old federal civil rights law designed to... read more | | |
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There's a 40 percent chance that the world will get so hot in the next five years that it will temporarily push past the temperature limit the Paris climate agreement is trying to prevent, meteorologists said. A new World Meteorological Organization forecast for the next several years also predicts a 90 percent chance that the... read more | | |
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Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National General and SafeAuto will be integrated into National General's direct-to-consumer non-standard auto insurance operations. Allstate closed on its $4 billion acquisition of National General in early January.... read more | | |
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Levels of employment for the insurance industry are "holding up much stronger than the overall economy," the leader of an insurance search firm said recently, reporting that insurers have added almost 20,000 jobs since March 2020. The actual number, 19,700 jobs, according to U.S. Bureau of Labor Statistics, represents a 1.2 percent increase in employment... read more | | |
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Carrier Management published its second-quarter magazine on Tuesday, May 25, "Fairness in Insurance," in print and digital format. This edition shines a light on InsurTechs that have the concept of fairness in insurance underwriting and pricing at the heart of their business models. Already popular highlights of the edition include articles titled "Creating the USAA... read more | | |
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| | Striking the right balance between automation and the human touch is a top ... read more | |
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| | Insurance carriers are facing mounting policyholder demands and the need to ... read more | |
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| | Consumers don't take into account the fees that insurance companies have to pay ... read more | |
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| | Sprinklers prevent costly property damage. Mitigate risk, educate customers, ... read more | |
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| | Against the backdrop of digital transformation and the pandemic, insurers can ... read more | |
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