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| Today's Headlines | August 4, 2021 |
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While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less fanfare. When Willis Towers Watson reported a surge in InsurTech funding to $7.4 billion in the first-half of 2021 last week,... read more | | |
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The insurance industry is one of many sectors seeing workplace diversity not progressing fast enough. The percentage of non-white employees in the insurance workforce, for example, stood at 21.4 percent in 2019 compared with 15.3 percent in 2010, according to data compiled by S&P Global Market Intelligence using figures from the U.S. Bureau of Labor... read more | | |
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Loss costs are one of the foundational components of insurance pricing—the mortar that helps insurers set rates amidst all of the uncertainties that the world has to offer. That's why we're introducing a faster and more efficient way for insurers to access ISO Loss Costs... read more | | |
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Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world's largest insurance broker, topping current leader Marsh & McLennan Companies... read more | | |
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A federal appellate court ruling that dismissed a dental practice's COVID-19 business interruption claim might be the beginning of the end for policyholder arguments that income lost because of government shutdowns should be recovered through commercial property insurance policies. The U.S. 8th Circuit Court of Appeals' July 2 decision in Oral Surgeons v. Cincinnati Insurance... read more | | |
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Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow federal and state government and industry standards to protect their personal information from hackers and failed to adequately notify or help individuals whose... read more | | |
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LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists. The Delta variant of... read more | | |
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A population equivalent to that of Germany—83 million people—could be killed by 2100 because of rising temperatures caused by greenhouse gas emissions, according to a new study that might influence how markets price carbon pollution. The research from Columbia University's Earth Institute introduces a new metric to help companies and governments assess damages wrought by... read more | | |
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DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about $210 million, according to Chief Executive Officer Joshua Browder. The firm raised $10 million from Andreessen Horowitz, Lux Capital, Tribe Capital, Day One Ventures and Felicis Ventures, Browder said in an interview. They... read more | | |
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| | The 2021 Future of Claims Study focuses on the acceleration in virtual claims ... read more | |
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| | Want to add a direct-to-consumer distribution channel to your sales line-up? ... read more | |
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| | 83% of insurance CEOs say they are "concerned" about the speed of technological ... read more | |
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| | 60% of CIOs say their organization's technical debt has risen over the past ... read more | |
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| | Managing agent and agency onboarding is a business critical function for ... read more | |
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