InsurTech leader’s latest acquisition adds deep industry talent and two leading MGA solutions into the Vertafore ecosystem Vertafore®, the leader in modern insurance technology, today announced that it acquired MGA Systems, a leading provider of purpose-built software for MGAs. In an increasingly competitive business environment, MGAs require solutions that can keep pace as they seek to… Continue reading Vertafore Acquires MGA Systems, Expanding and Enhancing Solutions for MGAs
Author: Farkas Laura
Insurers Harness Data to Help Clients Weather Storms, Floods
Insurers are employing rapidly evolving data tools to help predict and potentially prevent storm-related losses, an effort that they hope will pay off during this year’s hurricane season. The last six years have seen above-average Atlantic hurricane activity, a bad omen for communities along the coast. This year’s season, which runs from June to November,… Continue reading Insurers Harness Data to Help Clients Weather Storms, Floods
Health Insurance Premiums Poised to Jump Next Year for 13M People
If you get your health insurance through the government’s Health Insurance Marketplace, you should expect to pay more next year. Unless Congress acts, enhanced premium subsidies — technically, tax credits — in place for 2021 and 2022 will expire at the end of this year. The change would impact 13 million of the 14.5 million… Continue reading Health Insurance Premiums Poised to Jump Next Year for 13M People
Convective Storm Losses On Track for $20B+ in 2022: Aon
According to Aon’s Impact Forecasting, losses from severe convective storms are already on track to exceed $20 billion in 2022. Tornadoes, hail, winds, and rainfall from convective weather and severe thunderstorm outbreaks have become one of the most significant contributors to annual insurance and reinsurance industry losses in the United States. According to Impact Forecasting,… Continue reading Convective Storm Losses On Track for $20B+ in 2022: Aon
Walgreens Reaches $105M Settlement with Shareholders
Walgreens Boots Alliance Inc agreed to pay $105 million to settle a long-running class-action lawsuit accusing the company of misleading shareholders about the impact of rising generic drug prices and reimbursement pressures on its pharmacy business. Following six months of mediation, the preliminary all-cash settlement was filed on Thursday in a federal court in Chicago,… Continue reading Walgreens Reaches $105M Settlement with Shareholders
CoreLogic Names Patrick Dodd CEO
CoreLogic announced on Monday that Patrick Dodd has been appointed president and chief executive officer of the company. He will continue to serve on the company’s board of directors. Dodd was named interim chief executive officer in January 2022. Charles Davis, CEO of Stone Point Capital, said, “We are thrilled that Pat is assuming the… Continue reading CoreLogic Names Patrick Dodd CEO
Verisk Named One of the 2022 Best Workplaces in New York™ by Fortune Magazine
Fortune magazine and Great Place to Work have honored Verisk as one of the Best Workplaces in New York for the second consecutive year. The award recognizes Verisk, a leading global data analytics provider, for its outstanding workplace culture of engagement through education and development, team collaboration and open communication. The Best Workplaces in New… Continue reading Verisk Named One of the 2022 Best Workplaces in New York™ by Fortune Magazine
McDonald’s Is Revampig Franchisee Recruitment System for More Diverse Candidates
According to the Wall Street Journal and CNBC, McDonald’s is rethinking its franchisee recruitment and retention strategy. An internal memo says the fast-food company is hoping to hire more diverse candidates. In speaking with CNBC, Joe Erlinger, the U.S. president of McDonald’s, stated that the company wanted to “represent the diverse communities we serve.” “We’ve… Continue reading McDonald’s Is Revampig Franchisee Recruitment System for More Diverse Candidates
Judge Approves $1B+ Deal in Florida Surfside Condo Collapse
A judge on Thursday gave final approval to a $1 billion settlement for victims of the collapse of a Florida beachfront condominium building that killed 98 people, one of the deadliest building failures in U.S. history. Miami-Dade Circuit Judge Michael Hanzman’s decision came a day before the one-year anniversary of the Champlain Towers South disaster… Continue reading Judge Approves $1B+ Deal in Florida Surfside Condo Collapse
Wall Street Banks Quietly Test Cyber Defenses at Treasury’s Direction
With global tensions rising over Ukraine, the US financial sector’s cutthroat competitiveness is giving way to collaboration in the belief that a cyberattack against even a small group of minor banks – or a third-party service provider – could endanger everyone in a highly connected system. Some of the nation’s largest banks are now collaborating… Continue reading Wall Street Banks Quietly Test Cyber Defenses at Treasury’s Direction