Critical Information for P/C Carrier Executives
| | | | | | | | | Small Commercial, No Questions Asked | | | | The road to profitability in small commercial begins with effective underwriting guidelines, and it's paved with automation and integration of high-quality data. | | | | | | | | Verisk | | |
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| Today's Headlines | December 1, 2020 |
| Panelists speaking at a recent Carrier Management Virtual Roundtable agreed that InsurTechs are sprinting ahead of insurance industry incumbents on the innovation spectrum but said that investments and partnerships can push traditional players up the curve faster. Phil Edmundson, CEO and founder of Corvus Insurance, described how InsurTechs are bringing new efficiencies to individual activities,... read more |
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| | A successful diversity and inclusion effort requires individuals throughout the organization to take personal accountability. That means a long-term investment from the C-suite, intentional efforts from division heads, and a commitment to mentoring and allyship from colleagues, said Leroy Nunery II, founder and principal of strategic advisory firm PlūsUltré LLC, and Susan Johnson, chief diversity... read more |
| | In separate analyses published yesterday, both AM Best and Fitch Ratings reported double-digit drops in operating income for North American property/casualty insurers through nine months but said combined ratios stayed below 100 in spite of heavy catastrophe losses. According to AM Best's analysis, which is based on interim statutory statements for U.S. P/C insurers writing... read more |
| | Insurers in the United States are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said. Insurers are meeting company officials to examine diversity practices before renewing or signing new so-called D&O policies to cover... read more |
| | Jury duty notices have set Nicholas Philbrook's home on edge with worries about him contracting the coronavirus and passing it on to his father-in-law, a cancer survivor with diabetes in his mid-70s who is at higher risk of developing serious complications from COVID-19. Philbrook and his wife, Heather Schmidt, of Camarillo, Calif., have been trying... read more |
| | In the multibillion-dollar fight over insurance coverage for pandemic-related business losses, a Florida gynecologist succeeded where more than a dozen professional baseball teams and an iconic Hollywood restaurant failed. Since COVID-19 sparked government-ordered shutdowns in March, judges have dismissed more than four times as many business interruption lawsuits as they've allowed to proceed, according to... read more |
| | Seth Birnbaum, the Co-Founder and CEO of the Cambridge, Mass.-based online marketplace EverQuote passed away on Saturday, according to a statement released by the company on Sunday. Expressing immeasurable sadness, EverQuote said it that Birnbaum's passing was unexpected and peaceful, and that he died at his home. The announcement continued: "Seth was a sincere and... read more |
| | AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. The Paris-based insurer said on Monday it sold its stakes in AXA Gulf, AXA Cooperative Insurance Co. and AXA... read more |
| | Aviva Plc Chief Executive Officer Amanda Blanc confirmed the company was in talks to sell units in France, Poland and Italy as part of her overhaul of the insurance giant. The company is still in the "early stages for considering our options," and there is currently "no set time frame" for any sales, Blanc said... read more |
| | Are you using your vehicle to transport people? That's just one of the "archaic questions" that insurers might be still be asking, Chetan Kandhari, Chief Innovation and Digital Officer for Nationwide, observed during a recent CM Virtual Roundtable, "Is Insurance Innovation Overrated?" "The key to innovation in the insurance industry is "outside-in" thinking, said the... read more |
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| AM Best expects that the Directors and Officers (D&O) segment will soon ...
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| Progressive, Esurance and Lemonade have successfully adopted data-centric ...
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| Boost retention by reaching out at the right time with the right message. Auto ...
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| Now On Demand: Carriers, do you wish you could read your agents' minds? This ...
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