Analysis

5 takeaways from recent cybersecurity developments by Colorado & the SEC

Brian Neil Hoffman, Holland & Hart | August 14, 2018

Update company policies, remediation plans and disclosure and trading practices before a cybersecurity incident arises.

News

Wildfires are burning three times more of California to date than in 2017

Jayleen R. Heft | August 13, 2018

By this time last year, the most deadly California fires hadn’t even begun.

News

Alaska Air suicide flight highlights gap in airport security

Justin Bachman | August 13, 2018

The suicide-by-plane at Seattle’s Sea-Tac International Airport has raised fresh questions about aviation security.

News

Flood kills 6 in Philippines, tens of thousands displaced

Cecilia Yap | August 13, 2018

About 1.1 million people have been affected by the weekend rain, with 59,100 of them moved to safer ground.

News

Facing $17 billion in wildfire damages, a CEO blames climate change

Mark Chediak | August 13, 2018

Scientists tend to agree with that assessment.

News

Who's using what in P&C insurance: Aug. 13, 2018

PC360 Staff | August 13, 2018

Property & casualty insurance industry partnership and technology news from Symbility Solutions, Accenture, One Inc, Metromile and more.

News

Reinsurers not liable for $26M judgment for failed loan

Greg Land | August 13, 2018

The decision turned on whether the court had the jurisdiction to hold a group of foreign-based reinsurers liable for a $26 million arbitration award.

Commentary

Improving the 3 lines of defense

Henry Essert | August 13, 2018

Here's how insurers can tweak their internal risk management strategies to rise to the demands of their new reality.

Analysis

What top personalities can teach us about reputational risk

MP McQueen | August 13, 2018

Better due diligence along with thoughtfully drafted contractual clauses, appropriate insurance and planning can lessen the risks, say legal experts.

Expert Opinion

5 ways for experienced insurance advisors to get back into prospecting

Bryce Sanders | August 13, 2018

Your clients are aging, and you know you need to fill that pipeline — here are some prospecting tips to remind you how you did it before.

Analysis

3 things you don't know about travel insurance coverage for wildfires but should

Jayleen R. Heft | August 13, 2018

Whether your home or travel destination is in the fire's path, travel insurance may be able to help.

Commentary

One insurance agency’s commitment to community service

Dan Keenan| August 10, 2018

For Keenan, it’s about giving back for all the right reasons. And it helps with employee motivation and retention too.

Commentary

Managing the cost of technology implementation

Johan Nelis| August 10, 2018

The concept of sophisticated simplification allows carriers to implement faster and smarter product innovations.

News

Texas woman heading to prison for burning down house for insurance money

Steven A. Meyerowitz| August 10, 2018

Genevieve Thompson has been sentenced to 30 years in prison after pleading guilty to arson and insurance fraud.

Career Moves

People on the move in the P&C insurance industry: Aug. 10, 2018

Denny Jacob | August 10, 2018

News from Independent Insurance Agents & Brokers of America, Assurance, American International Group Inc. and more.

Analysis

How data analysis quantifies water, fire risks for insurers

Steve Brewer| August 10, 2018

We can't always blame Mother Nature. Now, insurers can quantify water and fire risk from non-weather-related events.

Best Practices

Protecting your business operations and people from wildfires

Robert W. O’Brien| August 10, 2018

For businesses in areas affected by wildfires, here’s how you can prepare and remain resilient.

Slideshow

Top 10 European insurance groups in 2017

Denny Jacob | August 10, 2018

The 15 largest European insurance groups operating within the non-life segment wrote 255.4 billion euros in 2017.

News

Connecticut Supreme Court voids auto self-insurer exclusion

Steven A. Meyerowitz | August 09, 2018

Connecticut Supreme Court reviews longstanding exclusion for rental car companies from underinsured motorist claims.

News

Hub International acquires the assets of Kilbride & Harris Insurance Services

Danielle Ling | August 09, 2018

Since 1998, Hub has acquired more than 450 brokerages, expanding from their original number of 11.

News

Independent insurance agents reap tax benefit

Rosalie Donlon | August 09, 2018

Treasury Department’s proposed regulations for pass-through businesses specifically allow agents and brokers to take the 20% deduction.

News

Blazing trails: Calif. commish to lead national cannabis insurance committee

Danielle Ling | August 09, 2018

NAIC's Cannabis Insurance Working Group will work to address the issue of insurance availability for the legalized cannabis industry.

News

4 to 7 hurricanes in 2018, according to NOAA's updated prediction

Brian K. Sullivan| August 09, 2018

The most active part of the Atlantic hurricane season starts about Aug. 20, building to a statistical peak on Sept. 10.

News

Zurich property unit leads way as insurer chases CEO's plan

Jan-Henrik Förster| August 09, 2018

Zurich got a boost from its P&C business, putting the company on track to meet CEO Greco’s 3-year restructuring goals.

Commentary

What do InsurTechs really need? An open mindset

Julie Sherlock| August 09, 2018

Why is insurance so complex? According to this contributor, it's because of 'the layers upon layers of archaic rules and laws.'

Expert Opinion

Take a fresh look at your insurance agency's education program

Craig Most, CPIA, CIC| August 09, 2018

A better educated insurance professional will not only help you with your own customers, but will elevate the industry.

Slideshow

States with the unhappiest homeowners' insurance policyholders

Denny Jacob | August 09, 2018

The happiest states are generally less susceptible to extreme weather and natural disaster threats.

News

Toddler’s Popsicle-by-air marks milestone in U.S. drone delivery

Alan Levin| August 08, 2018

For the first time, delivery flights were allowed over congested areas where people live.

Career Moves

Travelers announces C-Suite changes

Denny Jacob | August 08, 2018

Frey joins Travelers with more than three decades of finance and accounting experience.

News

Uber death may have been avoidable with Volvo's technology

Sarah Gardner| August 08, 2018

In a new report, the IIHS criticized Uber for turning off Volvo’s collision-avoidance technology.

PEAK6 Investments acquires National Flood Services

Danielle Ling | August 08, 2018

Details of the acquisition were released along with the announcement.

Analysis

How to help clients determine replacement cost options

FC & S Editors | August 08, 2018

Coverage Q&A: Accepting Actual Cash Value instead of replacement costs should be a conscious decision by the insured.

Best Practices

Playing with fire: Avoiding toxic exposures in structure fires

Sean Scott| August 08, 2018

Poor ventilation and a build-up of toxic substances pose risks for adjusters.

News

Around the P&C insurance industry: Aug. 8, 2018

Denny Jacob | August 08, 2018

News from AIR Worldwide, American International Group Inc., Marsh and more.

Expert Opinion

Want happier insurance customers? Help them get oriented

Maria Ferrante-Schepis| August 08, 2018

To be comfortable, consumers need to understand what's happening.

Commentary

Opportunities for P&C agents with self-funded health plans

Frank Pennachio| August 08, 2018

Health insurance agents are creating enormous openings for P&C agents to advise small business owners about the risks of loss from self-funded plans.

Slideshow

Residents in hurricane-prone areas aren't properly prepared, survey says

Danielle Ling | August 08, 2018

Even after a historic 2017 hurricane season, coastal residents aren't effectively protecting themselves and their property.

News

Updated: Burning California won't see relief with hot, dry weather forecast

Brian K. Sullivan| August 07, 2018

Almost 4,000 fires were raging across California as of Aug. 5, scorching more than 600,000 acres.

News

Cybersecurity National Risk Management Center launched by DHS

Rhys Dipshan| August 07, 2018

With few details on how the DHS’s new National Risk Management Center will operate, success will likely depend on how much cooperation it receives from the private sector.

Live Coverage

For Starr Companies' latest acquisition, the sky's the limit

Denny Jacob | August 07, 2018

The value of the aviation book is estimated to be in excess of $50 million in gross written premiums.

News

Zurich Canada appoints new CEO

Denny Jacob | August 07, 2018

Zurich Insurance has appointed Saad Mered CEO and Chief Agent of Zurich Canada, effective Oct. 1, 2018.

News

Hurricane John rips apart Tropical Storm Ileana off Mexico coast

Brian K. Sullivan| August 07, 2018

The National Hurricane Center expects Ileana to dissipate Tuesday, and Mexico has dropped its warning and watches.

News

Putative class action against CIBA Insurance voluntarily dismissed

Greg Land| August 07, 2018

CIBA’s attorney said the complaint was baseless & part of a pattern of spurious lawsuits being filed against the company.

Expert Opinion

How to speed up the training of new insurance advisors

Liana Roberts| August 07, 2018

Hastening the education of new advisor hires will help firm owners achieve their goals faster. Here’s how.

Commentary

How digital commerce changed the insurance business model

Robert Cummings| August 07, 2018

Insurers worldwide continue to face three key challenges in today’s digital economy.

News

Global insurance M&A rises again in first half of 2018, Clyde & Co. finds

Jayleen R. Heft | August 07, 2018

Mergers & acquisitions in the global insurance industry rose in first half of 2018 with 186 completed deals worldwide.

Market Insights

U.S. workers' comp strong in 2017, long-term projections unclear: Fitch

Denny Jacob | August 07, 2018

Fitch believes that the workers' compensation industry may still generate underwriting profits this year.

Commentary

Planning to switch technology systems? Use this guide...

Christopher Watkins| August 07, 2018

As AI, chatbots and other IoT devices emerge, many insurers continue to suffer amid dated, disconnected tech.

Career Moves

AIG appoints Wismer to extensive oversight role

Denny Jacob | August 06, 2018

Jonathan Wismer recently served as group controller for Zurich Insurance Group.

News

Who’s using what in P&C insurance: Aug. 6, 2018

PC360 Staff| August 06, 2018

Insurance industry tech and partnership news from Guidewire, Grinnell Mutual, ITS, Shift Technology and more.

Career Moves

AmWINS Group Inc. names new president of underwriting division

Denny Jacob | August 06, 2018

Robert "Bob" Petrilli has been named president of the firm's underwriting division, effective immediately.

News

Tornadoes are ripping through the Northeast

Brian K. Sullivan| August 06, 2018

Start with summer heat, add a dash of humidity & a misbehaving jet stream & suddenly the Northeast is the new Tornado Alley.

Best Practices

Keeping outdoor workers safe and cool in the extreme heat

Denny Jacob | August 06, 2018

Workers new to outdoor jobs are generally most at risk for heat-related illnesses.

Market Insights

Hey, what gives? Where are my automated vehicle discounts?!

Murali Chidurala and Tom Super| August 06, 2018

If new autonomous technologies are making cars safer, what does that mean for insurance premiums?

Commentary

Insurance marketing campaigns must underscore agency value

Rick Fox| August 06, 2018

Improve cross-selling by reminding clients of your expertise, not just the number of policies you offer.

News

Berkshire insurance profit climbs as firm escapes 2017 slump

Katherine Chiglinsky| August 06, 2018

Auto insurer Geico and the company’s namesake reinsurance business helped lift underwriting to a profit in Q2.

Research

Wearables are making the workplace safer

Katie Kuehner-Hebert| August 06, 2018

Wearables can help improve worker safety by monitoring the wearer’s physical status and environmental conditions.

Best Practices

Water damage prevention tips to offer home insurance clients

Liana Roberts| August 06, 2018

Water damage to a home can be expensive. Here are some simple prevention tips agents can offer clients.

Research

5 most expensive causes of home property damage

Denny Jacob | August 06, 2018

When you leave your home, there's no guarantee that it will be there when you get back.

News

Entries now open for NU's 'Agency of the Year' Award!

Shawn Moynihan | August 05, 2018

Independent agents, do you believe your agency is worthy of recognition among your peers?

News

A Saharan dust swirl puts the brakes on Atlantic storms

Brian K. Sullivan| August 03, 2018

The usual recipe for tropical storms and hurricanes requires thunderstorms, moist air and warm ocean temperatures.

News

Allianz operating profit beats estimates on strong growth

Julie Edde| August 03, 2018

The gains help keep Allianz on track to meet its full-year earnings targets.

News

Swiss Re profit disappoints as pricing pressure hurts reinsurers

Jan-Henrik Förster| August 03, 2018

Pricing pressure in reinsurance weighed on first-half earnings, overshadowing a drop in natural-catastrophe claims.

Commentary

New cyber regs make SignOn Once imperative in insurance

Irv Kantar| August 03, 2018

As the industry doubles down on cybersecurity, there are changes afoot in the way agents and carriers do business.

News

AIG falls as profit stung by investments, underwriting slump

Brian Louis| August 03, 2018

AIG had 'severe losses' of $293 million in Q2, which it said was 'more than double the long-term average.'

Career Moves

People on the move in the P&C insurance industry: Aug. 3, 2018

Denny Jacob | August 03, 2018

News from Chubb, EPIC Insurance Brokers & Consultants, Nationwide and more.

Market Insights

Despite embracing drones, farmers still have cybersecurity concerns

Denny Jacob | August 03, 2018

Eighty-three percent of respondents use drones on their farms either daily or once a week or more.

Commentary

It may be time to trim your carrier relationships

Peter van Aartrijk| August 03, 2018

Out of the thousands of U.S.-based insurance carriers, how many of those does the average independent agency really need?

Best Practices

14 cold calling tips: Because cold calling still works

Bryce Sanders| August 03, 2018

Lotteries and cold calling share two characteristics: The cost is minimal and the payoff is substantial.

Commentary

Why is long-term re-authorization of NFIP so elusive?

Jon Gentile| August 03, 2018

The new expiration date is after the midterm elections, which may have an effect on reaching any long-term agreement on reforms.

Career Moves

AIG announces executive leadership change for Lexington Insurance Company

Denny Jacob | August 02, 2018

David H. McElroy will join the company as CEO of Lexington Insurance Company at a date to be determined.

News

California takes action to assist wildfire survivors

Danielle Ling | August 02, 2018

State officials have set in place several initiatives to help residents in the aftermath of the deadly Carr wildfires.

Research

Hurricane Maria probably killed 1,139, Penn State study shows

Jonathan Levin| August 02, 2018

Some 1,139 people likely perished after Hurricane Maria hit Puerto Rico, far more than the official death count of 64.

News

Axa reports strong profitability

Julie Edde| August 02, 2018

The CEO has been under scrutiny since he surprised investors by announcing a $15.3 billion takeover of XL Group in March.

Commentary

Pearls of wisdom from agency owners

David W. Tralka| August 02, 2018

A career spent serving clients yields these five lessons on agency ownership and perpetuation.

News

Drivers beware: Nationwide identifies deadliest driving day of the year

Denny Jacob | August 02, 2018

There were more traffic fatalities due to motor vehicle crashes on this date than any other of the calendar year.

Market Insights

Cyber insurance growing pains: 6th Circuit overturns email phishing ruling

Rhys Dipshan| August 02, 2018

The ruling will likely impact how cyber insurance policies are crafted in the future.

News

State Farm Florida asks judge to shield assignment of benefits info

Robert Stack| August 02, 2018

State Farm contends the information is a trade secret and is exempt from disclosure under Florida’s public-records laws.

Expert Opinion

What is the future for new and used car sales claims?

Susanna Gotsch| August 02, 2018

New tariffs could increase total loss vehicle values amid already rising claim costs.

Analysis

5 questions answered about GDPR's impact on insurance

Jeff Brown| August 02, 2018

Some people in insurance view the General Data Protection Regulation (GDPR) as a ‘starting gun,’ not the finish line.

Slideshow

5 most common causes of home property damage

Danielle Ling | August 02, 2018

Here are the 5 most common causes of home property damage according to the experts at Travelers.

Research

Study shows one overheated laptop battery could down an airliner

Alan Levin| August 01, 2018

A single electronic device that overheats & catches fire in checked luggage can overpower an aircraft’s fire suppression.

Best Practices

16 do's and don'ts when you return home after a wildfire

Jayleen R. Heft | August 01, 2018

Tips insurance agents can share on what homeowners should & shouldn't do when returning home after a wildfire.

News

Commercial trucking weathers substantial rate increases

Bill Coffin| August 01, 2018

Market Update: Claims costs continue to skyrocket despite new transportation risk management techniques and technologies.

Analysis

Is 'on-demand' insurance right for you?

Josh Taub, FCAS| August 01, 2018

Some insurers allow coverage to be “on-demand,” that is, turned on and off at any time. Who will benefit the most from on-demand insurance?

Market Insights

Four ways connectivity is revolutionizing insurance

Mike de Waal| August 01, 2018

Taking a closer look at the technology trends that are increasing connectivity in insurance.

News

The Carlyle Group buys stake in DSA Reinsurance from AIG

Heather Perlberg and Sonali Basak| August 01, 2018

Carlyle and AIG will partner to position DSA Re as a platform to provide solutions for insurance liabilities globally.

News

Around the P&C insurance industry: Aug 1, 2018

Denny Jacob | August 01, 2018

News from Arthur J. Gallagher & Co., Munich Reinsurance America Inc., AmWINS Transportation Underwriters and more.

Analysis

3 ways insurance agents/brokers can embrace tech to better serve clients

Emily Payne| August 01, 2018

To stay competitive, agents & brokers should embrace technology as a way to build relationships & demonstrate expertise.

Analysis

How to classify and cover damaged appliances

FC & S Editors | August 01, 2018

Coverage Q&A: Defining exactly what property qualifies as an 'appliance' can be tricky.

Slideshow

States with the happiest homeowners' insurance policyholders

Denny Jacob | August 01, 2018

The happiest states are generally less susceptible to extreme weather and natural disaster threats.

News

Senate votes to extend NFIP for another four months

Denny Jacob | July 31, 2018

The federal flood insurance program was set to expire at 11:59 p.m., July 31, 2018.

Research

Examining the insurance problem in Florida

Danielle Ling | July 31, 2018

A new report from Clearsurance examines why Florida has the highest rate of unsatisfied homeowners insurance policyholders in the country.

Analysis

Are you missing fraud with outdated tech?

Clark Richey| July 31, 2018

Changing processes means using new analytical methods to produce usable data.

News

Today's insurance consumers snub brand loyalty [infographic]

Shawn Moynihan | July 31, 2018

Here's a look at contemporary insurance consumer behavior, based on research from LexisNexis Risk Solutions.

Research

Accenture: Insurers could boost profits by $20B with intelligent solutions

Victoria Prussen Spears| July 31, 2018

Insurers must not only think smarter, but execute smarter by embedding intelligence into every business process.

Commentary

Why phishing prevention should be a cyber insurance condition

Eyal Benishti| July 31, 2018

Without addressing better measures to prevent cyber attacks, insurers are leaving the door open to claims.

News

Amazon not liable for laptop battery fire, court says in Allstate subrogation suit

Charles Toutant| July 31, 2018

Court rules Amazon can't be held liable as seller of a laptop battery that caught fire and destroyed a customer's home.

Expert Opinion

10 issues to resolve so you can succeed at seminar marketing

Liana Roberts| July 30, 2018

There are hurdles to overcome when hosting these events, but the effort can prove worthwhile for insurance agents.

News

Who’s using what in P&C insurance: July 30, 2018

PC360 Staff| July 30, 2018

Property & casualty insurance industry technology and partnership news from Swiss Re, CNA Financial, Allianz and more.

News

'Death highway' for truck accidents & fatalities linked to price of oil

Ryan Collins and Rachel Adams-Heard| July 30, 2018

Route 285, which runs through Pecos, Texas, and Carlsbad, New Mexico, may be the deadliest highway in the United States.

Commentary

Is insurance consulting right for you?

Barry Seigerman | July 30, 2018

Here’s a look at the consultant’s roles and responsibilities, as well as how to become one.

Market Insights

The risky business behind live events

Denny Jacob | July 30, 2018

The world of live events has changed — much for the better, but dangers still lurk.

Best Practices

Using insurance carrier data to acquire solid leads

Sandeep Kharidhi| July 30, 2018

Carriers can help insurance agents acquire more promising leads with these three tips.

News

Red-light-running crash deaths on the rise again

Steven A. Meyerowitz| July 30, 2018

More than 800 people died in crashes involving red light running in 2016, an increase of 17% since 2012.

Slideshow

6 insurance companies ranked best workplace for millennials in 2018

Denny Jacob | July 30, 2018

Companies needed to employ at least 50 millennials to be considered.

Commentary

Big data for insurers: The 'apps' that matter

Jim Weiss and Su Wash| July 29, 2018

Insurers with apps that better align price with risk are more likely to find competitive advantage.

News

After floods and heatwave, Japan braces for Typhoon Jongdari

Shiho Takezawa| July 27, 2018

Typhoon Jongdari is set to make landfall on Japan’s mainland this weekend, bringing heavy rain and strong winds.

News

California Carr wildfire kills at least 2 and prompts mass evacuations

Anna Molin and Jayleen Heft| July 27, 2018

The Carr Fire has destroyed an untold number of homes in Shasta County in Northern California.

Best Practices

Software bots: Meet your new digital employees

Vivek Sethia and Brian Bogel| July 27, 2018

Automating mundane, repetitive tasks can save carriers time and maximize resources.