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| Today's Headlines | January 6, 2022 |
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Many property/casualty insurance companies are finding it very challenging to acquire great talent. There are several key factors that contribute to the headwinds in the talent acquisition market: Top performers are tuning out the current avalanche of recruiting emails, texts and LinkedIn messages. Many employees with unvested stock options are more averse to changing jobs.... read more | | |
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Frustration is now setting in for reinsurance buyers subjected to multiple years of price rises, especially those cedents that have improved their risk profiles by de-risking and elevating risk management, according to a report published by Howden. A separate report from Gallagher Re revealed the January renewal season was marked by tense negotiation tactics as... read more | | |
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The Internet of Things (IoT) is expanding exponentially, with connected devices permeating our personal and work lives and, increasingly, making homes smarter and safer. The rise of the smart home is critical for insurance carriers, who realize the benefit of having accurate, real-time data from ... read more | | |
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Catastrophe modeling firm KCC estimates the insured loss from the recent Colorado wildfire could be $1 billion. With nearly 1,000 structures destroyed, KCC said the Marshall Fire is the most destructive wildfire in Colorado history. The record previously belonged to the East Troublesome Fire of October 2020, which destroyed over 500 structures and cost nearly... read more | | |
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Vincent C. Tizzio, a former executive vice president for The Hartford, is taking a new role as a senior advisor at AXIS Capital, with a transition to the position of chief executive officer of AXIS Insurance planned at midyear. AXIS Capital announced yesterday that Peter Wilson, the current CEO of the Insurance segment will leave... read more | | |
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A new study suggests that long-term exposure to formaldehyde at work may be associated with cognitive impairment later on. A variety of jobs expose people to formaldehyde, a strong-smelling gas used in manufacturing wood and chemical products, plastics, and in other applications. "We know that exposure to formaldehyde has been linked to certain cancers, and... read more | | |
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Tokio Marine HCC has appointed Michael Palotay as president of its Cyber & Professional Lines Group. Palotay previously served as chief underwriting officer of the group. He succeeds Richard Robin, who is retiring and will remain in a consultative capacity until April 1. Palotay brings over 15 years' experience in the insurance industry, including senior... read more | | |
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InsurTech NY is now accepting applications for its third annual InsurTech Early-Stage Competition. InsurTech startups will be selected as finalists based on their growth potential and market opportunity. The top teams will be invited to present at the InsurTech Spring Conference held on March 7 at the New York Marriott Marquis. Three winning teams will... read more | | |
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| | It's good to be in the E&S market right now. Indeed, E&S typically ... read more | |
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| | Effective distribution is essential to carrier success, especially as the ... read more | |
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| | "Managing agent licensing is a business-critical function for insurers and ... read more | |
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| | This paper will review the current model of incident response for ransomware ... read more | |
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| | The home improvement boom was an unexpected risk for the P&C insurance ... read more | |
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