The 2022 Atlantic hurricane season is expected to be “above normal,” with 14 to 21 named storms, up to 10 hurricanes, and up to six major hurricanes, according to National Oceanic and Atmospheric Administration (NOAA) scientists. The forecast calls for a hurricane season that falls short of the most active on record, which occurred in… Continue reading 2022 Atlantic Hurricane Season to Show ‘Above Normal’ Activity, NOAA Predicts
Author: Farkas Laura
IICF Hosts Inclusion in Insurance Regional Forums in June
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, will host the IICF Inclusion in Insurance Regional Forums, a series of events across the US and in the UK dedicated to advancing ideas into action around diversity, inclusion and innovation while benefitting charitable causes. The events will take… Continue reading IICF Hosts Inclusion in Insurance Regional Forums in June
P&C Insurer Digital Investments Not Enough to Offset Rising Rates, J.D. Power Finds
The streamlined user experience, seamless customer support and improved navigation that was supposed to define the digital transformation of the property and casualty (P&C) insurance industry—and improve customer satisfaction—has been overpowered by rising rates. According to the J.D. Power 2022 U.S. Insurance Digital Experience Study,SM released today, overall customer satisfaction with insurers’ digital offerings declines… Continue reading P&C Insurer Digital Investments Not Enough to Offset Rising Rates, J.D. Power Finds
Alliant Insurance Services Forms Corporate Partnership with Chief
Alliant Insurance Services has launched a corporate partnership with Chief, the private network built to drive more women into positions of power and keep them there. Chief helps organizations invest in diverse leadership and partners with progressive organizations that are dedicated to accelerating women into senior leadership positions. “Alliant is home to some of the… Continue reading Alliant Insurance Services Forms Corporate Partnership with Chief
New Analysis of NFIP Data Illustrates Unsustainable Rates, More Trouble for Taxpayers
Craig Poulton, CEO of Poulton Associates, LLC, owner of CATcoverage.com, distributed a new report today with the assistance of Guidewire HazardHub demonstrating that the National Flood Insurance Program (NFIP) has not raised rates in line with Congressional directives. The analysis illustrates the NFIP’s failure to raise rates and quantifies just how far rates are from… Continue reading New Analysis of NFIP Data Illustrates Unsustainable Rates, More Trouble for Taxpayers
The Future of Work Is Already Here – and It’s Not Fully Remote
The Great Resignation is showing signs of slowing, but there is a significant disconnect between management and employees on what it takes to retain workers in the post-COVID work environment. A new survey from Nationwide revealed that as in-office work rebounds across the country, employees want continued flexibility with where and when they work. However,… Continue reading The Future of Work Is Already Here – and It’s Not Fully Remote
Legal Malpratice Liability Claims Costs Soar
The frequency of legal malpractice claims remained relatively flat last year, but the severity of claims continued to rise. According to a report issued by specialty broker Ames & Gough, seven of the 11 leading insurers writing lawyers professional liability insurance surveyed reported claims frequency similar to 2020. However, the report said, “The last several… Continue reading Legal Malpratice Liability Claims Costs Soar
Mark Zuckerberg Sued Over Cambridge Analytica Data Breach, D.C. Says
The District of Columbia said it sued Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg for his alleged role in the data breach that allowed political consulting firm Cambridge Analytica to target Facebook users during the 2016 presidential election. A “sweeping investigation” revealed that Zuckerberg contributed to lax oversight of user data and the creation… Continue reading Mark Zuckerberg Sued Over Cambridge Analytica Data Breach, D.C. Says
$2B Insurance Rescue Moves Forward in Florida
Florida lawmakers returned to the Capitol on Monday to try to stabilize a troubled property insurance market plagued by skyrocketing rates and a parade of companies dropping policies or going out of business. A Senate committee passed legislation putting $2 billion in state money at risk to bolster insurers struggling to get affordable reinsurance and… Continue reading $2B Insurance Rescue Moves Forward in Florida
Greg Martens Joins Alliant Insurance Services’ Employee Benefits Group in Chicago
Employee benefits and HR consulting veteran Greg Martens has joined Alliant Insurance Services as Executive Vice President, Midwest Growth and Development, adding strength to its national Employee Benefits Group. Based in Chicago, Martens will lead teams that design and deploy strategic human capital solutions that enhance business outcomes and bolster employee well-being for a diverse… Continue reading Greg Martens Joins Alliant Insurance Services’ Employee Benefits Group in Chicago