Monthly Archives: <span>November 2021</span>

What Does Investing in Digital Mean for the Insurance Industry?

This post is part of a series sponsored by AgentSync. The insurance industry is notoriously behind on the digital uptake. But research suggests that following the COVID-19 pandemic, nearly nine in ten insurance executives (87 percent) plan to invest in …

Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders

Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of Paradise three years ago, burning their home …

Pork Plants Allowed to Operate Faster in Trial Program

The U.S. Department of Agriculture said on Wednesday that nine pork plants can apply to operate faster processing-line speeds under a one-year trial, after a federal judge in March struck down a Trump-era rule that removed line speed limits. Faster …

Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights

Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered property business, which underwrites catastrophic-focused excess and surplus property …

A Look at Military Veterans’ Earnings, Employment After Active-Duty Service

New research from RAND Corp. finds that after leaving the service, many veterans earn less money than they did while in active duty. The report, Navigating a Big Transition: Military Service Members’ Earnings and Employment After Active-Duty Service, uses data …

Takeaways from Our Conversation on California’s New CBD Law

When California Gov. Gavin Newsom signed Assembly Bill 45 into law in early October, there was a lot of excitement in the state’s cannabis industry, particularly for businesses and insurance professionals specializing in the CBD business. The law allows for …

Report: Wildfires Have California in ‘Heightened State of Alert’

California, which has seen its eight largest recorded wildfires since 2017, is in a “heightened state of alert,” according to a new report that calls for urgent policy actions. The report was released on Wednesday and also discussed in a …

California Commissioner’s Latest Insurer Non-Renewal Moratorium Covers Nearly 210K Homes

California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an earlier emergency declaration, bringing the total statewide to 618,700 policyholders across 31 counties who were granted temporary protection …

Federal Appeals Court Dumps Class Action Suit Over Bombay Gin Ingredient

Those who enjoy a cocktail may have little idea that Bombay Sapphire Gin is flavored with something known as “grains of paradise,” a peppery African spice with notes of cardamom and ginger. When a South Florida man named Uri Marrache …

Insurance leaders agree on challenges facing the industry

The 15 largest publicly-traded property and casualty insurers and reinsurers are all facing similar challenges as the year comes to a close. According to R Street’s review of Q3 2021 earnings calls, the top three difficulties are social inflation, climate …