INN Breaking News

$76 Billion in Premium at Risk from Emerging Tech

January 30, 2015 Connected cars, the shared economy and other emerging trends will redefine insurance products and create new opportunities for those willing to embrace change, according to research from Strategy Meets Action.

Hawaii exchange head speaks candidly on HIX value proposition

January 30, 2015 For exchanges to be successful, their value proposition must be built around “human need,” says CEO Jeffrey M. Kissel; most failed on initial rollout because leaders expected to flip a switch and for everything to work.

400,000 Insurance Pros Needed By 2020

January 30, 2015 A looming labor shortage in insurance has led several industry players to launch a campaign to increase the sector's visibility and desirability while promoting science, technology, engineering and math.

NAIC Tackles Insurers’ Cybersecurity

January 30, 2015 The regulatory group has established a task force to evaluate the insurance industry’s skill at protecting sensitive customer data.

Nearly 90% of Insurers Find Technology Taxing Resources

January 29, 2015 Inadequate systems outranked talent and capital resources in a Towers Watson poll of insurer pain points.

How Uber Found The Perfect Insurance Partner: Metromile

January 29, 2015 Metromile CEO talks to INN about the challenges and opportunities of the carrier's deal to provide per-mile insurance coverage to Uber ride-sharing drivers.

Allstate: New Mobile Claims Payments Faster Than EFT

January 29, 2015 The insurer is working on a suite of new claims payment options that it says will drastically reduce the time it takes to make policyholders whole.

Size Matters in Bermuda as Reinsurance Deals Heat Up: Real M&A

January 28, 2015 Potential targets include Montpelier Re Holdings Ltd. and Aspen Insurance Holdings Ltd., which last year rebuffed takeover advances from Endurance Specialty Holdings.

Marketing Automation System Backed by Independent Agent Site

January 28, 2015 Agency Revolution's software organizes and streamlines agency marketing efforts

CNA Thinking Years Ahead on Distribution Tech

January 28, 2015 The commercial insurer’s sales force demands account management capabilities powered by the latest digital technologies, says Rocco Orlando, the recently appointed SVP of sales and distribution.

ACA costs federal government less than anticipated

January 28, 2015 Compared with the office’s estimate in April 2014, which spanned the 2015-2024 period, the new numbers are $101 billion, or about 7 percent, lower.

Golden Bear Insurance Deploys PCMS

January 28, 2015 The Atlas Cloud P&C System is intended to modernize personal and commercial lines operations for regional carrier.

Hamilton Appoints CEO of Sportscover Underwriting

January 27, 2015 Dermont O’Donohoe will lead Hamilton’s Sportscover Underwriting, which is to be renamed Hamilton Underwriting, helping the insurer execute on its international business strategy.

Sandy Insurance Issues Said Focus of New York Criminal Probe

January 27, 2015 New York homeowners have filed at least three lawsuits in federal court accusing the insurers of scheming with engineering firms, and others involved in handling claims to deny or reduce damage payouts.

Insurance CFOs Lack Faith in Data: EY Survey

January 27, 2015 Two-thirds of respondents to EY’s global insurance CFO survey say that data are not granular enough and technology is outdated.

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