Industry News
Expect Fewer, Bigger and More Tech-Savvy P/C Insurance Agencies in the Future
There will be fewer insurance agencies operating in the property/casualty insurance industry in the future and those that remain will be larger and more tech-savvy, says an insurance-focused ...
Getsafe CEO Predicts Lemonade Will ‘Struggle’ in Germany
Lemonade has promise but won't necessarily face smooth sailing with an expansion into Germany, predicts the head of Getsafe, one of its European rivals. "Lemonade will have to struggle in Germany," ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
UPDATED: Nationwide to Adopt Bold Penguin’s Digital Portal Tech For Commercial Lines P/C Agents
Nationwide is partnering with Bold Penguin, a digital portal startup for commercial lines property/casualty agents, in an effort to speed up the underwriting process for its products. The insurer ...
The Latest Launches From GEICO and Great American Insurance Group
GEICO's insurance agency arm is teaming with Jewelers Mutual Insurance Group to offer its customers a separate jewelry insurance policy. Great American Insurance Group's Alternative Markets Division ...
Buffett Commits Roughly $3.6B in Berkshire Hathaway Stock to Five Charities
Warren Buffett is donating roughly $3.6 billion of Berkshire Hathaway Inc stock to five charities, including the Bill & Melinda Gates Foundation, the biggest contribution in Buffett's plan to ...
Lloyd’s Seeks Clarity Regarding Insurance Policies With Cyber Cover
Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both ...
Risk Alerts: Medical Marijuana; LED Lighting and Eyesight Damage
Could medical marijuana laws actually be increasing opioid overdose deaths? Are the benefits of medical cannabis worth the possible side effects? Is the blue light in LED lighting damaging our ...
Asia Expansion Helped Push Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re
Carriers' expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from ...