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| Today's Headlines | July 21, 2021 |
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According to our analysis of loss reserves published in mid-March, the year 2020 marked the 15th straight year that the U.S. property/casualty industry's loss reserves developed favorably—by about $7 billion during 2020, or just slightly more than during 2019. The "big news" we conveyed at Assured Research was that our reserve estimate for the industry... read more | | |
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U.S. property and casualty insurer Travelers Cos Inc delivered an unusually large beat of second-quarter profit expectations on Tuesday, helped by higher premiums, lower catastrophe losses and a surge in returns from investments. read more | | |
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Smart home sensor devices help insurance carriers not just lower claims but prevent them from occurring in the first place. So, is it worth offering homeowners, renters, and small businesses a premium discount to stimulate adoption? For forward-thinking carriers, the answer is a resounding yes... read more | | |
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InsurTech NY, which bills itself as the largest InsurTech community in North America, said it will launch a study focused on corporate venture capital in the sector. Such a project will produce needed insight for an investment sector that's less than a decade old. read more | | |
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Metromile hired former Tesla executive Colleen Qiu as its new vice president and Head of Data, representing another recent high-profile executive hire from outside the insurance industry. read more | | |
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Germany’s severe floods are likely to cause the highest insured losses from a natural catastrophe event since widespread flooding in 2002. But in most cases, Fitch does not expect the losses to burn through insurers’ earnings and materially affect capital. read more | | |
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The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against cyber intrusions." read more | | |
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Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. read more | | |
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Pie Insurance appointed a number of new executives and a new board member. Arch Reinsurance Ltd. named a new Chief Financial Officer. read more | | |
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We're starting something new at Carrier Management - a free monthly webinar show called Strategy Sessions. Our debut episode is scheduled for Tuesday, Aug. 17, with a focus on Embedded Insurance. read more | | |
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| | For insurance companies providing a policy update, the cost of a double-digit ... 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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| | The insurance industry faces significant disruption from multiple fronts, ... 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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| | Striking the right balance between automation and the human touch is a top ... read more | |
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