INN Breaking News

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.

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.

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.

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.

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.

Marketing Automation System Backed by Independent Agent Site

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

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.

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.

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.

Premiums Rise 41% After a Single Claim, Study Says

January 28, 2015 After a single auto insurance claim of $2,000 or more, drivers can expect their premiums to rise by two-fifths, according to a study by insuranceQuotes.com, an insurance aggregator and consumer information company. According to the results of the annual survey, the national average premium increase of 41 percent is three percentage points higher than last year’s average of 38 percent. Drivers who make a second claim pay 93 percent more than a driver with no claims. …

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.

Can Insurers Do More About Climate Change?

January 26, 2015 Deloitte’s Sam Friedman suggests the industry can use its influence to impact the national agenda.

Telematics-based Insurance Programs Can Improve Customer Retention and Acquisition

January 26, 2015 A new report from Corporate Insight examines the user experiences of two insurance firms’ telematics programs and finds participants, overall, liked them but there were differences.

Latest Fraud Technique: VIN Cloning

January 26, 2015 The National Insurance Crime Bureau has issued a warning about stolen cars with duplicate VINs and offers website for verifications.

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