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Today's Headlines October 26, 2020

InsurTechs Start Reaching Size and Capacity That Commands Insurance Industry Attention

Some venture capitalists say startups from that early batch of InsurTechs have accumulated enough size and capital that older school carriers should start paying serious attention. read more
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Lemonade Ranks Highest for Renters Insurance in J.D. Power Study

Lemonade took the No. 1 spot for the renters insurance segment in the J.D. Power 2020 U.S. Home Insurance Study, marking the first time an InsurTech brand has ranked highest in one of J.D. Power's insurance studies. Lemonade earned a score of 866 (on a 1,000-point scale), with Erie Insurance (865) and Allstate (841) rounding... read more
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 Brand Spotlight 
New Report: Nearly 2 Million Homes with $638 Billion Reconstruction Cost Value at Elevated Risk from Wildfires

2020 has already brought devastating wildfires to the western U.S. and is on pace to be among the most destructive years in terms of acres burned in recent history. As the U.S. population increases and residential development extends farther from metro areas, more...read more
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Pandemic Losses Forestall Liability Insurance Turnaround

Projecting future property/casualty insurance market profit is always challenging. The economic and social impact of the ongoing coronavirus pandemic greatly compounds the uncertainty of this effort. Longer-tail liability lines in particular will incur large losses from this event that will take multiple years to resolve. However, more aggressive underwriting and pricing actions driven by recent... read more
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Generali Offices Raided in Italy Insurance Probe

Italy's tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on Friday showed. read more
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Pandemic Pressures Push More Business Classes to Use Captive Insurers

Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms. read more
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QBE Makes Pryce Interim CEO During Search for Replacement

QBE Insurance Group announced that Richard Pryce will assume the role of interim group chief executive officer while the search process for a permanent replacement is underway. read more
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AIG Settles Dispute With U.S. Involving Foreign Tax Shelters

American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. read more
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Executives On The Move at Chubb and Marsh

Chubb Canada is getting a new president. Insurance broker Marsh announced named a new leader of its U.S. Life Sciences practice. read more
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Research and Webinars

Real Time Auto FNOL at Scale

Influencing the auto insurance claims process from the moment of impact reduces ...
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Personal lines drives staff increase, say 48% of companies surveyed. Read more...

The Jacobson Group and Aon's Semi-Annual Insurance Labor Outlook Study provides ...
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The Right Tools to Deliver Instant Policyholder Service

COVID has accelerated carriers into a full virtual future requiring rapid ...
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Amazon & Retailers Have Entered the Insurance Arena - How Insurers Can Compete When Insurance is Sold Everywhere

Amazon, Tesla, and Walmart have entered the insurance arena.  What does that ...
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Are you ready for Nacha's ACH Account Validation rule?

Are you prepared for March 19, 2021? On that date, Nacha's ACH Account ...
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Media

IJ Academy Aftershow: How Many Occurrences Make Up the Liability Claim?

InsurTech Newsletter


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