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Today's Headlines August 19, 2021

'Katy, Bar the Door': More Risks Loom for Insurers Post-COVID

The soaring price of lumber was one of the hottest topics on the lips of industry executives speaking at midyear conferences, becoming a focus of discussion almost as often as cyber risks and social inflation. During the 37th Annual Insurance Conference hosted by S&P Global Ratings last week, John Neal, chief executive officer of Lloyd's... read more
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One Size Does Not Fit All in the Insurance Industry's Diversity Quest

In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and business practices. There are many different ideas in play, however, about how to get the job done. read more
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 Brand Spotlight 
Explore commercial auto opportunities with ISO solutions

A product launch can be an exciting moment for any business. But before that moment, an extraordinary amount of work happens behind the scenes, beginning with two critical questions: What are the barriers to entry? And what is the potential for profitable growth? For example...read more
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Kin Insurance Upgrades Reinsurance Program to Beef Up Disaster Protection Capacity

Kin Insurance said it has upgraded its reinsurance program to enhance its disaster protection and beef up its ability to serve catastrophe prone regions, particularly in light of worsening climate change. read more
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Hagerty, an Insurer of Classic Cars, Will Go Public in $3B SPAC Deal

Hagerty, which insures classic cars, has agreed to go public through a merger with SPAC Aldel Financial Inc in a deal that values it at $3.13 billion, the companies said on Wednesday. read more
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Ohio Mutual Insurance Group and SimpliSafe to Partner on Risk Mitigation Initiative

Regional insurer Ohio Mutual Insurance Group is partnering with home security systems maker SimpliSafe to offer preventative smart home protection against major insurance perils to homeowners in Ohio, Maine, New Hampshire and Connecticut. For a limited time, Ohio Mutual customers in the four participating states who bind a new policy will be eligible to receive... read more
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T-Mobile Discloses Data Breach Affecting 40 Million People

T-Mobile US Inc said on Wednesday an investigation into a data breach revealed that personal data, including social security numbers and driver's license information, of more than 40 million former and prospective customers was stolen. read more
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Switzerland Lays Out Climate Risk Disclosure Timeline, Joining an Elite Group

The Swiss government on Wednesday joined a small number of rich countries that have set a timeline for major companies to disclose the risks they face from climate change. read more
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Executives On The Move at AXIS Insurance and Africa Specialty Risks

AXIS Insurance made three new appointments within its U.S. Excess and Surplus Property team, including a former Chubb executive. Africa Specialty Risks, the pan-African focused reinsurance group, appointed a new managing director in Mauritius. read more
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Research and Webinars

Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk

Cyber insurance has become a significant issue for insurers. From being a ...
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How to Evaluate Imagery Providers

The arrival of new aerial imagery providers gives insurance carriers the ...
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2021 Future of Claims Study

The 2021 Future of Claims Study focuses on the acceleration in virtual claims ...
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Understanding Account Takeover 2021

GIACT's new report, Understanding Account Takeover 2021, discusses the impact ...
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How Insurers Can Launch A Direct-to-Consumer Sales Model in 60 Days or Less

Want to add a direct-to-consumer distribution channel to your sales line-up? ...
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