Industry News
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...
Hippo Intends Reverse Stock Split After NYSE Non-Compliance Notice
Hippo Holdings Inc. announced that it intends to file a proxy statement with the Securities and Exchange Commission that includes a proposal for a reverse stock split. This move comes in connection ...
Calif. Court Breaks String of COVID Biz Interruption Case Wins For Insurers
A California appellate court broke from its sister jurisdictions—as well as state and federal courts across the nation—and ruled that a hotel owner's lawsuit seeking coverage for a COVID-19 ...
SEC Approves Demotech as Nationally Recognized Statistical Rating Organization
Insurance rating agency Demotech Inc. has become the 10th organization to named a Nationally Recognized Statistical Ratings Organization (NRSRO) by the U.S. Securities and Exchange Commission. With ...
Are MGAs Winning the Insurance Talent War?
With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. ...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing ...
NEXT, Thimble Latest InsurTechs to Announce Layoffs This Year
NEXT Insurance and Thimble are the latest InsurTechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both InsurTechs pointing to an increased focus ...
The Latest Launches from Zurich Resilience Solutions, Foxquilt, Mercury Insurance
Zurich Resilience Solutions in North America is offering customers a service that can help them combat toxic work cultures and improve employee retention. Collaborating with Work Shield, a misconduct ...