There is a substantial business opportunity for insurers willing to learn about and underwrite nascent blockchain technology, says an account executive at The Axis Insurance Group in B.C.
Monica Kuzyk, president of the Canadian Independent Adjusters’ Association (CIAA), talked to Canadian Underwriter Monday about the most significant issues facing Canadian insurance adjusters going into 2018.
The plaintiff’s bar is relentless, and its growing crop of young lawyers continues to bring down large verdicts. It’s imperative that claims organizations develop and retain top talent to match the very capable lawyers on the other side.
A driver took off during a traffic stop in Brooklyn Saturday, plowing through a red light and hitting an MTA bus and two cars in chaotic crashes that left six people injured, the NYPD said.
No longer just a warning for the future, the long-predicted war for talent is here, and it has hit the insurance industry with incredible force. Unfortunately, the market’s return to its pre-recession state and relative stability has left insurers unprepared to face what is undoubtedly the most competitive recruiting environment the industry has ever faced.
National Cyber Security Awareness Month (NCSAM) kicks off this week. And in the wake of last month’s Equifax breach announcement—in which nearly 145.5 million Americans learned their personal information may have been compromised, coupled with the government’s recent efforts to combat cyber threats—NCSAM’s timing could not be better.
Risk managers and consultants are advocating a shift away from focusing on claims management metrics such as closure rates toward continuing education, feedback and scenario-based learning for claims professionals to enhance their skills.
Every so often, the worst-case scenario comes to pass. As of Sunday afternoon, the remnants of Hurricane Harvey seem likely to exceed the worst forecasts that preceded the storm.
Just before American news reporters could excitingly begin covering the total solar eclipse from Oregon on Monday morning, they had to acknowledge the wildfire smoke caught by their cameras. “Wildfire Threatening the View” was one brief TV headline leading into the eclipse’s coverage.
With the crashes of the housing industry and stock market in 2008, and with interest rates long near zero, many people are looking at alternative options for safe investments. Surprisingly, luxury brands such as Hermès and Chanel have arguably become a safer investment than stock markets.
In this age of task overload, efficiency is a matter of survival. But in the subrogation world, is efficiency enough? The goal of subrogation is not to manage claims or cases, but to make money out of them.
In the first of this series of four segments, we looked at the current state of the risk markets and the insurance industry. In this segment, we will look at how peer-to-peer (P2P) fits.
The new hot thing in tax avoidance has a boring old name: insurance dedicated funds. Introduced in the 2000s, IDFs have become so mainstream that banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. are offering them.
Quick, now: Will you send your children to STEM or to FIRE? It sounds like a question that might be asked as part of the “Hunger Games” but it’s far more important than that.
“You get towards the end of the month and you don’t have your premium budget met yet. How does your brain process that next opportunity that comes across your desk?” asks A. Morris Tooker, head of Middle Market at The Hartford.
