State Farm Still Dealing With Return of Its Workforce: CEO Tipsord
State Farm CEO Michael Tipsord said the nation's top property/casualty insurer will likely never be the same following the pandemic — and that may be a good ...
Industry News
Increase in Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization
Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity. Temporal patterns of human ...
Tech Bytes: New Partnerships at Edge, GPS Insight, bolttech
Edge, a human resources technology company that provides HR services, entered into a strategic partnership with Linchpin IT, a national InsurTech that specializes in serving the technology and ...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier's largest mutual competitor—State Farm—to move ...
Executives on the Move at Neptune Flood, Chubb, W.R. Berkley
Neptune Flood Inc. announced that Matthew Duffy has been named chief risk officer. He has spent the last 18 months as Neptune's director of Risk Management & Internal ...
Apple Sued by Women Who Say Airtag Lets Stalkers Track Victims
Apple Inc. has been sued by two women who said its AirTag devices have made it easier for their former partners and other stalkers to track down victims.
Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. More than a quarter of InsurTechs will leave the insurance marketplace in 2023 — just a couple years after investments in the space were at an all-time high, according ... Apparently, nothing has changed within the last several months to change AM Best's negative outlook on the U.S. personal lines insurance segment. 
FloodFlash Eyes Parametric Splash in U.S.
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
Many InsurTechs Exit the Marketplace, and Other 2023 Predictions From Forrester
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best