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Measuring Risk in the Cyber World
Cyber risk is a hot topic in the insurance industry today. Technological innovation and connectivity have fundamentally revolutionized the world we live in and promise new transformations in the ...
How Can We Be Friends? Reducing Friction Between Claims and Hired Counsel
Just like the old adage that oil and water don't mix, sometimes adjusters and their hired counsel don't see eye to eye. Whatever the cause, when adjusters and counsel don't get along, claims files ...
Catastrophe Compensation: An Industrywide View
We're moving through hurricane season, and once again it's been a quiet catastrophe year. Thirty-one events have led to insured losses of only $11.2 billion across 39 states and two Canadian ...
Lawyers’ Perspective: Unclaimed Property Actions, Cyber Blackmail Ranked Among Insurance Issues to Watch
From time to time, insurance executives ask our firm what issues are likely to impact the insurance industry in the near future. Below are several emerging issues we believe are likely to have an ...
Disruptive Innovation: Changing Mindsets for Success
"Disruption," "innovation" and "analytics" are three of the trendiest words in the popular press today. PwC's "18th Annual Global CEO Survey" shows that nearly 70 percent of insurance CEOs are ...
Reinsurance M&A Intensifies in Competitive Market Environment
The reinsurance industry is in a state of transition as unutilized capital and the threat of alternative reinsurance providers, combined with slowing premium growth and sagging investment yields, ...
When Uniform Is Not Uniform: Applying Electronic Transaction Laws to Insurance
The use of electronic transactions has grown significantly in the last two decades. Many consumers demand the ability to place their insurance policies electronically, and failing to meet these ...
Catlin Says M&A Integration Is the Key to Success—and the Most Difficult Part
Stephen Catlin, executive deputy chairman of XL Catlin, knows a thing or two about mergers and acquisitions in the insurance industry—what to do and what to avoid. He should know; he's been ...