Eric Diton, a money management professional, assists his clients in dealing with complex personal finance issues. However, he is discovering that a surprisingly mundane budget item is causing more of them to become dissatisfied: homeowners insurance. “I can definitely say that it’s a topic of conversation and on their radar for my Florida clients,” said… Continue reading Homeowners Insurance in High-Risk States Hits Retirees Hard
Author: Farkas Laura
IICF Names Chubb’s Jim Shevlin Chair of Georgia
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, last week announced Jim Shevlin, Executive Vice President and Regional Executive Officer for Chubb’s Southeast Region, as Chair of the IICF Southeast Division Georgia Chapter Board of Directors. Shevlin previously served as Vice Chair of the Georgia Chapter for… Continue reading IICF Names Chubb’s Jim Shevlin Chair of Georgia
CNN Exec Zucker’s Ouster Shows Peril of Hiding Work Romance
Experts say that, for all the dangers of a workplace romance, the most common source of trouble is keeping it a secret. Longtime CNN CEO Jeff Zucker was abruptly fired this week after saying he was “wrong” for not being open with the network about a consensual relationship he was having with another executive. After… Continue reading CNN Exec Zucker’s Ouster Shows Peril of Hiding Work Romance
WTW Reports 6% Organic Revenue Growth for 2021
WTW, a re/insurance broker, reported organic revenue growth of 4% in the fourth quarter of 2021 and 6% year on year, boosted by positive organic results in its Investment, Risk & Reinsurance (IRR) segment. Despite revenue shrinking by 2% to $199 million and 12% to $814 million for the same periods, the IRR segment posted… Continue reading WTW Reports 6% Organic Revenue Growth for 2021
Use of AI to Fight Insurance Fraud Hits All-Time High
Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to an insurance fraud technology study by the Coalition Against Insurance Fraud and SAS. The study reveals that 80% of insurers use predictive modeling to detect fraud, up from 55% in 2018. In a category new to the 2021 survey, the… Continue reading Use of AI to Fight Insurance Fraud Hits All-Time High
It May Cost Floridians Thousands to Replace Storm-Damaged Roofs
Will your home insurance policy pay to fully replace your roof if it’s damaged in a hailstorm, a tornado, a fire, or by a falling tree branch during a summer thunderstorm? Or does your policy cover only your roof’s depreciated value, leaving you on the hook to pay thousands — perhaps tens of thousands of… Continue reading It May Cost Floridians Thousands to Replace Storm-Damaged Roofs
BTIS Announces Exclusive Access to Newly Expanded Workers’ Compensation Insurance
Builders & Tradesmen’s Insurance Services, Inc. (BTIS), a managing general agency focused on serving small businesses with end-to-end insurance solutions, is pleased to announce exclusive access to a newly expanded workers’ compensation coverage option – now available in six states. This broad market access is accessible in California, Arizona, Colorado, Oregon, Nevada and Texas, with… Continue reading BTIS Announces Exclusive Access to Newly Expanded Workers’ Compensation Insurance
Inside J&J’s Secret Plan to Cap Litigation Payouts to Cancer Victims: Reuters Special Report
Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers to “Project Plato.” In a memo on the project in… Continue reading Inside J&J’s Secret Plan to Cap Litigation Payouts to Cancer Victims: Reuters Special Report
NFL to Bolster Inclusion Policies, Probe Tanking Allegations
NFL Commissioner Roger Goodell told teams on Saturday that the league will look to strengthen policies that encourage the hiring of minorities, especially as head coaches, and he promised an investigation into the tanking allegations raised by Brian Flores in his discrimination lawsuit against the NFL. “We will reevaluate and examine all policies, guidelines, and… Continue reading NFL to Bolster Inclusion Policies, Probe Tanking Allegations
Aon Posts Higher 4Q Revenue, Profit
Aon PLC said its profit and revenue rose for the fourth quarter, driven by strength in its commercial risk solutions unit. The professional-services firm that offers insurance-brokerage services Friday posted net income of $863 million, up 64% from $525 million in the prior year. Earnings were $3.90 a share, compared with $2.27 a share in… Continue reading Aon Posts Higher 4Q Revenue, Profit