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Auto application fraud up 18%
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Today's Headlines May 17, 2024

Tips on Building a Data-Driven Insurer

When Matt O'Malley and Steve Stabilito, underwriting leaders from AXA XL, described a ground-up process for transforming their teams into data-driven businesses recently, Carrier Management had questions about activities in the C-suite. "Was there any top-down messaging?" asked CM Guest Editor Michael (Fitz) Fitzgerald, after hearing Stabilito describe the growth of a cross-functional data networking... read more

Court: E-Scooter Rider Hit by Car Not Pedestrian, Not Eligible for PIP Benefits From Progressive

A man injured when he was hit by a car while he was operating a low speed Segway electric scooter is not entitled to personal injury protection (PIP) benefits under New Jersey's no-fault auto insurance law, the state's Supreme Court has ruled. David Goyco had argued that he was entitled to PIP benefits from his... read more

 Brand Spotlight 
How DUAL Group leveraged customizable technology to modernize operations and boost revenue

DUAL Group, a growing international MGA with US$3.5 billion of GWP, enlisted the help of MGA Systems for a better core management system for their Australia and New Zealand locations to support policy management, financials, and claims. Because of the niche nature of their ... read more

Carriers Focus on Renewal and Retention as Auto Insurance Buyers Keep Shopping

Shoppers in the U.S. aren't ready to accept higher auto insurance rates, choosing to shop around for the best deal and coverage, a new report finds. U.S. consumer auto insurance shopping activity registered as "Hot" on the LexisNexis Insurance Demand Meter, as quarterly year-over-year shopping grew 2.9 percent for Q1 2024 (slowing slightly from last... read more

IRC: Home Insurance Spend Tops Household Income Growth

According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2 perecent of household income on homeowners insurance, with what the IRC called "striking disparity" between... read more


Unlock the Future of Insurance with Generative AI

Explore how generative AI is reshaping the landscape of insurance through enhanced data-driven decision-making, improved customer engagement, and optimized operations. Gain insights into best practices for successful AI deployments and how to navigate potential hurdles.... read more

Tesla Must Face Owners' Class Action Lawsuit Over Self-Driving Claims

A U.S. judge on Wednesday rejected Tesla's bid to dismiss a lawsuit accusing Elon Musk's electric car company of misleading owners into believing that their vehicles could soon have self-driving capabilities. The proposed nationwide class action accused Tesla and Musk of having since 2016 falsely advertised Autopilot and other self-driving technology as functional or "just... read more

Exxon Is Hit With $726M Verdict Over Benzene and Cancer

A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the oil company failed to warn Paul Gill of the risk of benzene in its products,... read more

Electrical Blackouts on Cargo Ship Before Baltimore Bridge Collapse

The cargo ship Dali experienced electrical blackouts about 10 hours before leaving the Port of Baltimore and yet again shortly before it slammed into the Francis Key Bridge and killed six construction workers, federal investigators said Tuesday, providing the most detailed account yet of the tragedy. The first power outage occurred after a crew member... read more

Workforce Drug Test Cheating Surged in 2023

Overall Drug Positivity Holds Steady at Historically High Rates while Marijuana Positivity Continued Upward Climb in the General U.S. Workforce A new report highlights the startling upward trend of drug test cheating in the workplace. The percentage of employees in the general U.S. workforce whose drug test showed signs of tampering increased by more than... read more
Research and Webinars

Digital Transformation: How P/C Insurers Can Mitigate the Risks & Ensure a Smooth Transition

Register for this exclusive webinar tailored for insurance leaders and ...
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Pros and Cons for Carriers: Principal Agency vs. Branch Compliance Tracking

There are certain trade-offs carriers must evaluate when it comes to tracking ...
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Essential Factors for a Successful Core System Transformation

Finding a technology partner and platform that can evolve alongside you is ...
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Robots vs Humans: How Will AI in HR Impact Carriers' People-First Approach?

As artificial intelligence sweeps through the insurance industry, it brings ...
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2024 and Beyond: Discover the Future of Property & Casualty Insurance

Discover the Future of Property & Casualty Insurance: 2024 and Beyond As we ...
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RIMS Interview: Chubb's Global Climate, Energy Practice Leader

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