The property-casualty insurance industry gives about $1 billion each year to charitable causes. That according to a McKinsey Study conducted for the Insurance Industry Charitable Foundation (IICF). IICF CEO Bill Ross says the industry supports a variety of charities across the US, with a focus on education as well as health and human services. He says it important for companies …

Chuck Chamness, President and CEO of the National Association of Mutual Insurance Companies (NAMIC) admits insurance is a challenging business, and it’s changing rapidly. Among the contributing challenges facing the industry is technology, which is increasing the speed of change. The talent gap presents issues for companies looking to replace retiring workers while attracting a new generation of professionals. He …

Regulation and technology are the biggest challenges facing insurers today. That, according to Fred Karlinsky, Co-Chair of the Insurance Regulatory and Transactions Practice Group at Greenberg Traurig. On the regulatory front, Mr. Karlinsky notes a large amount of regulation affecting carriers at the federal and State level, as well as internationally at the IIAS (International Association of Insurance Supervisors). He …

Soft market conditions, low interest rates and regulatory oversight were among the issues Tim NeCastro, President and CEO-designate of Erie Indemnity, discussed at the 2016 PCI Meeting in Dallas. He expresses concern about the “strident tone” from Federal regulators and the broad brush targeting the banking and financial services industry unfairly including the insurance industry. Mr. NeCastro says the Erie’s …

Largest workforce segment showing strong desire for broad benefits, simplified enrollment experiences COLUMBUS, Ga., Oct. 4, 2016 /PRNewswire/ — Millennials now represent the largest segment of the U.S. labor force (53.3 million), and they have strong feelings about the compensation and other benefits they expect their employers to offer. Nearly two-thirds (65 percent) of millennials expect an annual raise, followed by …

Karen Furtado, a Partner at Strategy Meets Action, discusses “New Norms” and “Game Changers,” and how insurers can take advantage of emerging technologies. The “New Norms” happening in insurance are all around the tide of change.  Ms. Furtado looks at how the pace of change is affecting insurers and the risks they cover, their internal operations, new technologies and tools. She …

WRIN.tv spoke with NAMIC President and CEO Chuck Chamness during the Annual Convention of the National Association Mutual Insurance Companies in Vancouver. Mr. Chamness sees the creep of international regulation and technology among the issues facing mutual, and all insurers today. Technologies, he says, can provide ways for Mutuals to stay in touch with the customers…to help policyholders feel part …

During the recent 2015 Global Insurance Forum, Brian Duperreault, CEO of Hamilton Insurance Group, discussed the need for the insurance industry to recruit from a new generation to bridge the Digital Divide. According to Mr. Duperreault, the insurance industry has an aging workforce and will have at least 400,000 open positions in the next five years. He believes the industry …