Critical Information for P/C Carrier Executives
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| | | | | | | Data for 11.5M Commercial Properties | | | 4+ million properties site-verified by Verisk field staff
5.2 million properties with critical information
7.5 million related aerial images | | | | | | | | Verisk | | |
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| Today's Headlines | November 2, 2020 |
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| At a time of great crisis, chief risk officers have stepped forward to bring their unique skillsets to bear in assessing the strategic and financial impact of both the pandemic and the recession and reporting these real-time insights to the board. Take Steve Rominske, CRO at Church Mutual, a provider of property and liability insurance... read more |
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| It's been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry's successful scramble to conduct its business digitally at the onset of the COVID-19 crisis. This digital transformation is creating a new normal for the insurance industry, but some of the old normal—such as face-to-face negotiations—will remain... read more |
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| The insurance industry is at a crossroads. Technology has changed the way people select and buy policies. With so many fast and simple ways to change carriers and so much information about insurance available online, customers are becoming more savvy and brand agnostic. Carriers that ...read more |
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| American International Group's plan to downsize by divesting its Life & Retirement business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance giant. read more |
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| The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the estimated $4.5 trillion global output loss inflicted by COVID-19 and its handling in 2020. read more |
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SPONSORED BY: S&P Global Market Intelligence COVID-19 may have delayed deal-making in the insurance sector and made process-related logistics more challenging, but it has not derailed deal activity. The pandemic has also introduced new marketplace dynamics that may favor consolidation over the longer term as carriers reexamine their competitive positioning and operational capabilities.... read more |
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| Specialty insurer and reinsurer Argo Group International is exiting the grocery and retail lines of business, which include providing general liability and self-insured retention risk management programs for grocery stores, convenience stores, restaurants and other retail businesses. read more |
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| A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this strategy also has helped reinsurers tolerate the economic impact of the COVID-19 pandemic, according to a report from S&P Global Ratings. read more |
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| As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results. read more |
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| McDonald's Corp was hit on Thursday with a potentially multi-billion dollar lawsuit by Black franchise owners who accused the fast-food giant of racial discrimination for steering them to underperforming stores. read more |
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| Influencing the auto insurance claims process from the moment of impact reduces ...
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| The impact AI technology is having on carrier operations is both cost saving ...
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| COVID has accelerated carriers into a full virtual future requiring rapid ...
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| The First Notice of Loss experience sets the tone for the entire claim ...
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| Given today's environment, how has the value proposition and adoption of smart ...
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