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Today's Headlines June 3, 2021

Plaintiffs Dig to Unearth Old ISO Documents to Back COVID BI Claims

Plaintiffs attorneys are looking deep into the weeds for evidence to support claims for business income lost because of COVID-19 public safety orders. Lawyers for footwear wholesaler Marc Fisher LLC and its affiliates are asking a Connecticut state court to order the Insurance Service Office to produce documents relating to its 2006 regulatory filing that... read more
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Closing the Gap Between the Promise and Reality of Catastrophe Modeling

Beginning with the completion of my academic studies in earthquake engineering and continuing throughout my 25-year career in property/casualty insurance, I have been driven by the need and the challenge to understand, address and mitigate the impact of large-scale natural catastrophes. Through the years, as natural and man-made catastrophes have become more frequent, widespread and... read more
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Telematics: It's Not Just for New Business Pricing Anymore

GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk when quoting new business, researchers say. In fact, insurers that have used telematics monitoring for limited periods to price new auto insurance business in... read more
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Introducing the World's First 'Fully Sustainable' Insurer, Parhelion

Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as "the world's first fully sustainable insurer." Aiming to raise $500 million in capital, Parhelion plans to begin underwriting from Jan. 1, 2022. Parhelion's new and diversified environmental, social and governance (ESG) products will meet the risk financing... read more
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EEOC Outlines Rules Around COVID Vaccine Mandates, Incentives in Workplace

Federal employment laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for COVID-19, the Equal Employment Opportunity Commission (EEOC) has affirmed. Also, employers may offer incentives for employees to get vaccinated and must keep any vaccination information they obtain from employees confidential. The EEOC posted updated and... read more
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Employees Sue Texas Hospital Network to Halt Vaccine Mandate

A group of 117 healthcare workers at a Texas hospital filed a lawsuit in state court against their employer's mandate requiring all staff to get COVID-19 vaccinations, Washington Post reported on Saturday. Employees of Houston Methodist Hospital said in the lawsuit that their employer's compulsory immunization requirement violated the Nuremberg Code, a set of standards... read more
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Managers Who Listen Attract Top Internal Talent: University Study

Managers who are open to employee input are more likely to attract workers from other units in their organizations, according to a new Cornell University study. In the paper, "How Managerial Openness to Voice Shapes Internal Attraction: Evidence From United States School Systems," to be published in an upcoming edition of the ILR Review, John... read more
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Research and Webinars

New Trends: Why and How Consumers are Choosing Their Insurance

New consumer trends reveal the path carriers can follow to thrive in this ...
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U.S. Identity Theft: The Stark Reality

Identity thieves are increasingly targeting non-financial accounts, including ...
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Undeliverable as Addressed: The Staggering Cost of Returned Mail

For insurance companies providing a policy update, the cost of a double-digit ...
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A 3-Step Guide to Insurance Transformation

The insurance industry faces significant disruption from multiple fronts, ...
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AXA XL shares benefits of automation in commercial claims processing.

Striking the right balance between automation and the human touch is a top ...
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Media

Telematics Interest Soars

InsurTech Newsletter


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