Industry News

Industry Roundup: ​Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs; Adapting to Changing Policyholder Behaviors & Expectations; Cyber Pirates Prowling Ship Controls Threaten Another Big Shock; Health Insurance Premiums Poised to Jump

Legal Clashes Await U.S. Companies Covering Workers' Abortion CostsA growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said.Adapting to Changing Policyholder Behaviors & ExpectationsThere is a need to evolve data analytics alongside changing customer behaviors and expectations.How Cannabis Legalization in NY is Affecting Landlords One Year LaterLandlords should first check with their insurers before renting to determine whether any loss arising from marijuana use by a tenant must be excluded.Cyber Pirates Prowling Ship…

Continue ReadingIndustry Roundup: ​Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs; Adapting to Changing Policyholder Behaviors & Expectations; Cyber Pirates Prowling Ship Controls Threaten Another Big Shock; Health Insurance Premiums Poised to Jump

Industry Roundup: Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance Purchases; Price of Homeowners Insurance Jumps 34%; U.S. Commercial Auto Q1 Premiums Make Significant Jump Over 5 Years

Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance PurchasesA Swiss Re Institute survey of 11,000 consumers worldwide conducted two years into the COVID-19 pandemic found that the pandemic led to an increase in online insurance purchases as well as a greater willingness to share personal health data, particularly among the younger generation.State Farm Hit by Summary Judgement ReversalA court order which granted summary judgment to State Farm over a breach of policy case has been reversed. Price of Homeowners Insurance Jumps 34%QuoteWizard® released their annual "State of Home Insurance" report and found that the average price of home insurance has increased…

Continue ReadingIndustry Roundup: Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance Purchases; Price of Homeowners Insurance Jumps 34%; U.S. Commercial Auto Q1 Premiums Make Significant Jump Over 5 Years

Industry Roundup: ​Trump Set to Undergo Questioning in July in Insurance Probe; Helping Commercial Clients Prepare for a Hurricane; The Reasons it’s so Hard to Insure Cryptocurrency Operations

​Trump Set to Undergo Questioning in July in Insurance ProbeFormer President Donald Trump, his namesake son and his daughter Ivanka have agreed to answer questions under oath next month in the New York attorney general's civil investigation into his business practices, unless their lawyers persuade the state's highest court to step in.Helping Commercial Clients Prepare for a HurricaneThe 2022 Atlantic hurricane season began on June 1, and with most predictions pointing toward an above-average amount of activity this year, it's imperative that insurers check with their commercial clients to ensure they're properly prepared.Tech Firms Selling Insurance: 'Do You Want Fries with That?'As more companies from…

Continue ReadingIndustry Roundup: ​Trump Set to Undergo Questioning in July in Insurance Probe; Helping Commercial Clients Prepare for a Hurricane; The Reasons it’s so Hard to Insure Cryptocurrency Operations