Industry News
Memo to Brokers: Stick With Loyal Insurers/MGAs; Price Isn’t the Only Differentiator
Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an ...
J.D. Power Survey Finds Auto Insurance Customer Satisfaction Has Eroded
J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. "A ...
Data Breach-Related Securities Suit Filed Against Cyber Firm Okta
Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit alleging the firm made false and misleading statements, ...
Costlier Errors: Legal Malpractice Claims Severity Keeps Rising
Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance (LPLI) claim of more than $50 million in the last two years — ...
HSBC Banker Suspended After Playing Down Financial Risks of Climate Change
UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing ...
Average Age of U.S. Cars Hits Record 12.2 Years in Fifth Straight Annual Increase
Cars on U.S. roads are as old as they've ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies. The age of light vehicles domestically is ...
Tech Bytes: New Partnerships at Praedicat, FRISS, Hippo
Hippo Insurance Group's First Connect and Blink announced a collaboration to make personal cyber insurance protection available to independent agents that participate in First Connect's InsurTech ...
Executives on the Move at Everest Re, Erie, W.R. Berkley, Great American
Everest Re Group announced that Matthew Rohrmann has joined the company as senior vice president, head of Investor Relations. He will be focused on strategic planning, market analysis and ratings ...