Industry News
Travelers Seeks to Rescind Cyber Policy; Insured Lied About MFA Use
In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured allegedly misrepresented its use of ...
Big Dog Still Off the Porch: State Farm Beats GEICO In J.D. Power Rankings
When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year's annual meeting, he was referring to scale ...
Opinion: Insurers Already Protect Privacy Interests; Legislation Unneeded
There are many sectors of the U.S. economy that are not subject to rigorous privacy regulations. The insurance industry is not one of them. Our industry has a long history of protecting the privacy ...
Strategy Sessions: How Artificial Intelligence Is Transforming the Insurance Industry
A shift toward embracing more technology and adapting to new ways of doing business during the COVID-19 pandemic has led to questions for insurers around how new business strategies will be retained ...
InsurTech Fund Opens Applications for Digital MGA Lab
InsurTech Fund, a venture capital fund associated with InsurTech NY, announced that it will be accepting applications for its first Digital MGA Lab. Applications will be accepted July 7-27 and are ...
Executives on the Move at UFG, Great American, AXA XL Re
United Fire Group Inc. has appointed Kevin Leidwinger as its new president and chief executive officer. He will join the company on Aug. 22, 2022 and succeeds Randy Ramlo, who shared his retirement ...
The Hidden Impact of COVID-19 on Auto Rate Adequacy
The market for auto insurance is experiencing significant change. In addition to adapting to a virtual operational environment and other uncertainties that emerged from the COVID-19 pandemic, auto ...
ECB Climate Stress Test Highlights $71B Risk for Euro Zone Banks
A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone's largest banks, the European Central ...