Monthly Archives: <span>January 2018</span>

Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters

Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling continues to improve, weather stations more …

2018 Insurance Industry Meetings & Events Directory

CIWA Industry Days Jan 8-10 Hilton La Jolla Torrey Pines La Jolla, Calif. California Insurance Wholesalers Association (CIWA) Contact: Thomas Shovlin, thomas@ciwa.net The 19th Annual Windstorm Insurance Conference Jan 15-19 Rosen Shingle Creek in Orlando Orlando, Fla. Windstorm Insurance Network …

Netflix vs. HBO and the Race to the Insurance Customer

The goal is to become HBO faster than HBO can become us, the chief content officer of Netflix said four years ago. In the insurance world, InsureTech Connect Conference founder Caribou Honig thinks traditional insurers and insurtech startups are facing …

Shorten Life Expectancy Blamed on Opioid Overdose Crisis

Life expectancy among Americans has fallen for the second year in a row as the opioid crisis continues to drive up overall death rates in the United States, the Centers for Disease Control and Prevention said. A total of 63,000 …

The Competitive Advantage: A Scary Trend

Maybe “trend” is inaccurate because the data is scant, or maybe “trend” is a presage. The “trend” does not yet exist, but it will. The “trend” is companies taking drastic action against, or at least quite detrimental to, their own …

To Be Humble or Not

Maintaining a level of humility is generally considered to be a good trait. After all we teach our children to be humble to a certain degree in sports, in school, in life. No one likes a person who gloats. But …

Former California Agent Sentenced for Stealing $100K in Premiums and Investments

Former licensed insurance agent Frederick Donald Rollins, 42, of Moreno Valley, Calif., was sentenced today after pleading guilty to one felony count of grand theft, two counts of securities fraud and an aggravated white-collar crime enhancement for stealing more than …

PEMCO Insurance in Washington Names Bauer Senior Systems Manager

Seattle, Wash.-based PEMCO Insurance has named Sally Bauer senior systems manager for the digital services team. Bauer has nearly 30 years of experience in software engineering and insurance technology integration. Bauer replaces Paul Barry, who recently transitioned to PEMCO’s executive …

American Enterprise Group Acquires Utah-Based Great Western Insurance

American Republic Insurance Co. has signed an agreement to acquire Great Western Insurance Co. Terms of the deal were not disclosed, and the deal is subject to customary closing conditions, including regulatory approval. GWIC is a privately held, family-owned company …

Ex-Indianapolis Employee Files Suit, Says She Was Fired for Installing Air Fresheners

Indianapolis is being sued by a former courts official who alleges that she was fired after she installed air fresheners to combat a co-worker’s body odor. Amber Bridges’ federal lawsuit says she was fired last year for creating a hostile …