HDI taps Guidewire and EY for cloud-based policy system transformation
Kashif Syed, HGIC’s chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates. Source link
Minnesota weighs state-run auto insurance plan for low-income drivers
Proposal targets uninsured rates with capped pricing and PIP opt-out options Source link
American National halts life policy sales amid strategic business shift
Carrier to prioritize growth areas after substantial net loss Source link
State Farm confirms $2.45 billion claims payout after LA wildfires
Catastrophic events during the prior year had a substantial impact, with the company paying out approximately $11.4 billion in catastrophe-related claims during the year. For instance, in mid-July 2024, severe convective storms across several states resulted in about 14,000 claims filed with State Farm. Source link
Higher stakes in the Gen AI boom – is your D&O ready?
Stronger indemnity planning will be key Source link
The Future of Insurance Operations
This post is part of a series sponsored by Selectsys. The insurance industry is undergoing a profound shift, and AI-assisted BPO (Business Process Outsourcing) is at the forefront of this transformation. Traditional BPO models relied heavily on human effort, often leading to inefficiencies, higher operational costs, and delays in processing. Selectsys is revolutionizing BPO by […]
Why businesses are ignoring environmental insurance at their own peril
“Interestingly, that may increase the number of third-party lawsuits,” he said. “There is, in the US, the ability for citizens to do a citizens’ action against a company that’s not in compliance with the regulations, and one of the criteria is the regulators aren’t doing anything. Then, the citizens can bring a lawsuit and pay […]
How to Become an Independent Insurance Agent
This post is part of a series sponsored by Darkhorse Insurance. The insurance industry is evolving rapidly in 2025, making it the perfect time to learn how to become an independent insurance agent. Agents should embrace flexibility and autonomy due to evolving consumer expectations and technological advancements shaping the industry. Breaking free from captivity and […]
2025 Insurance Carrier Appointment Renewals for Individual Producers
This post is part of a series sponsored by AgentSync. New Year, new resolutions, like growing your distribution channel while maintaining compliance! To help you stay on top of your initial appointments, AgentSync Manage and Autopilot use our API-powered architecture to transmit data securely and effectively from you to NIPR to the states. However, for […]
Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part II
This post is part of a series sponsored by Old Republic Surety. Construction accounting is complex. Getting guidance on the expected time and capital investment, as well as a clear understanding of the role of a CPA in preparing compiled, reviewed or audited statements, is imperative. In Part 2 of this three-part blog, Kelly Kimmel, […]