If Hurricane Ian Was a Tipping Point, What Are We Tipping Toward?
As 2023 began, property insurance markets were struggling with the fallout of significant losses from Hurricane Ian in fall 2022. Ian was accompanied worldwide by 17 ...
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Opportunities Across the Metaverse for the Insurance Industry
There's been a lot of buzz about the metaverse lately. Indeed, to borrow a lyric from the Beatles' "Across the Universe," it seems buzzwords are "flowing out like endless rain into a paper cup." But ...
FTX Liability Tentacles Spread Far
As the spectacle knowingly or unwittingly orchestrated by Sam Bankman-Fried, cofounder of bankrupt cryptocurrency exchange FTX Trading and cryptocurrency trading firm ...
How Automation Can Help Manage the Underwriting Process
Ping pong is a great game—but not one you want to play when it comes to working. The back and forth created by common pain points in the underwriting process, such as partially complete, illegible, ...
Insurance’s Wildfire Crisis: Three Keys for Rethinking Risk, Response
A year after the Marshall Fire devastated suburban Colorado in the dead of winter, property/casualty insurers worldwide are grappling with the new realities of wildfire risk. They'll need a ...
How Did You Make Them Feel?
Maya Angelou, the renowned poet, author and civil rights activist, understood the power of emotions and the lasting impact they can have on individuals. In her quote, ...
Five Lessons for Carriers to Launch Innovative Insurance Products
The insurance industry faces myriad challenges, ranging from a rapidly evolving technology landscape, to minimizing ongoing product maintenance costs, to adapting to changing consumer behaviors and ...
How to Accelerate Hurricane Response With Proactive Claims Management
With global floods, heat waves, drought, wildfires and tornadoes, Summer 2022 was one for the record books. And there was no reprieve in the months that followed.
Between 2017 and 2022, 11 property and casualty insurers writing mainly homeowners insurance in Florida, where they were domiciled, were declared insolvent and placed in ...
Realtor, Auto Dealer Partnerships Offer New Revenue Streams to P/C Insurers
In today's economic conditions, carriers are faced with volatility, uncertainty and transformation at a fast-moving pace. In order to survive these conditions, companies must be able to adapt to what ...
Is the Broken Florida Homeowners Insurance Market Finally Fixed?