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Litify Implements In-House Legal Platform for Acceptance Insurance in Record Time – Leverages Its Salesforce Experience to Maximum Benefit

November 22, 2021

Acceptance Insurance, a leading P&C insurer, Realizes Rapid Benefits via 90- Day Implementation Cycle Litify Logo Litify Logo BROOKLYN, N.Y.- November 22, 2021-. Litify, the legal management system built on Salesforce.com, proudly announces that Acceptance Insurance has not only selected the Litify platform but has achieved full Go-Live in 90 Days.

Mouro Capital Leads Vesttoo's $15m Series B Round With Participation From MS&AD Ventures

November 22, 2021

TEL AVIV, Israel, Nov. 22, 2021/ PRNewswire/– Vesttoo, a leading global Alternative Reinsurance and Investment platform, today announced its $15 M Series B equity investment from Mouro Capital, which is backed by a large multinational bank, and MS&AD Ventures, the corporate venture capital fund of Japan- based MS&AD Insurance Group Holdings, the fifth largest…

BitSight and Marsh McLennan Collaborate to Bolster Organizations' Cybersecurity Performance

November 22, 2021

BOSTON, Nov. 22, 2021/ PRNewswire/– BitSight, the Standard in Security Ratings, and Marsh McLennan, the world's leading professional services firm in the areas of risk, strategy, and people, announced today a collaboration to help organizations better understand, measure, and manage their cyber risks. With access to BitSight, clients can seamlessly receive this…

Aon appoints Jillian Slyfield as Chief Innovation Officer

November 22, 2021

CHICAGO, Nov. 22, 2021/ CNW/– Aon plc, a leading global professional services firm, today announced the appointment of Jillian Slyfield as the firm's Chief Innovation Officer, effective Dec. 1, 2021. Slyfield, who is based in San Francisco, will report to Aon CEO Greg Case and join the Aon Executive Committee, which is responsible for executing on the firm's Aon United…

Aflac Wins U.S. Chamber of Commerce Foundation Top Corporate Citizenship Award for its Commitment to Diversity, Philanthropy and Social Good

November 22, 2021

COLUMBUS, Ga., Nov. 22, 2021/ PRNewswire/– Aflac, a leading provider of supplemental insurance in the U.S., was recognized for driving positive change in communities by the U.S. Chamber of Commerce Foundation's Citizens Awards program. "Aflac's has a history of being there for people when it matters most, which we do by offering high-quality products and services to…

AM Best Revises Outlooks to Positive for Oceanview Life and Annuity Company and Oceanview Reinsurance Ltd.

November 22, 2021

Oceanview Life and Annuity Company, an insurance company, and Oceanview Reinsurance Ltd., a Bermuda Class E insurance company, today announced that global credit rating agency AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Oceanview Life and Oceanview Re.

Vitech Releases Fall 2021 V3locity Solution Enhancements in Claims and User Experience

November 22, 2021

NEW YORK, Nov. 22, 2021/ CNW/– Vitech Systems Group today announced that it has released its Fall 2021 enhancements for V3locity, Vitech's cloud-native administration, engagement, and analytics solution. ClaimsCenter for Group Life Insurance. The next-generation ClaimsCenter application for efficient benefit claims management focuses on Group Life…

LexisNexis Demand Meter Shows U.S. Auto Annual Insurance Shopping Rate Decreased in Q3

November 22, 2021

ATLANTA, Nov. 22, 2021/ PRNewswire/– The latest edition of the LexisNexis ® Risk Solutions Insurance Demand Meter reports the overall annual U.S. auto insurance shopping growth rate decreased to -3.9% for Q3 2021. New policy growth also reached a two-year low, dropping to -7.3% for the quarter. "Insurance shopping in Q3 returned to levels that compare to 2019 and…

The Penn Mutual Life Insurance Company Continues Historic Dividend Track Record

November 22, 2021

HORSHAM, Pa., Nov. 22, 2021/ PRNewswire/– The Penn Mutual Life Insurance Company, a Fortune 1000 company, is pleased to announce that the company has maintained its dividend scale for 2022 and the Board of Trustees has approved a $123 million payout to eligible policyholders in 2022.. "We're proud to continue our track record of financial strength and maintain our…

U.S. Government Settles Wrongful Death Lawsuit for $1 Million After Suicide Outside Georgia VA Medical Center

November 22, 2021

The estate of a Navy veteran, who died by suicide after he was denied medical treatment at a Department of Veteran’ s Affairs medical center, recently negotiated a $1 million settlement with the U.S. government as compensation for the 35 days of pain and suffering the veteran experienced before his death. The lawsuit, filed by the Bertling Law Group on behalf of the…

AM Best Webinar: Benchmarking Discussion: How Current and Emerging Auto Insurance Trends Will Affect Carrier Results

November 22, 2021

AM Best will host a complimentary webinar titled,“ Benchmarking Discussion: How Current and Emerging Auto Insurance Trends Will Affect Carrier Results.” The webinar will air on Wednesday, Dec. 8, 2021, at 2:00 p.m. EST and is sponsored by LexisNexis Risk Solutions. Adam Pichon, Vice President& General Manager, Auto Vertical, LexisNexis Risk Solutions Ryan Hupp,…

Best’s Review: Exclusive Data and Rankings Featured in November

November 22, 2021

The November issue of Best’ s Review includes the following Best’ s Rankings in key market segments:. Workers’ Compensation Insurers- 2021 Edition U.S. Homeowners Multiple Peril- 2020 Top Writers- 2021 Edition U.S. Homeowners Multiple Peril- Top Writers by State, Canada and U.S. Territories- 2021 Edition U.S. Property/Casualty- 2020 Asset Distribution- 2021 Edition…

PCF Insurance Services Gifts $8.2 Million to Employees

November 22, 2021

–PCF Insurance Services, a leading national insurance brokerage, announced today that its management team has gifted $8.2 million to be equally distributed among its nearly 1,800 employees. The announcement follows the completion of PCF's management and partner-led buyout from financial sponsor HGGC, which valued the business at more than $2.2 billion.

BRP Group, Inc. Enters Into Agreement for Burnham Benefits and Wood Gutmann & Bogart Insurance Brokers to Partner

November 22, 2021

–BRP Group, Inc., an independent insurance distribution firm delivering tailored insurance solutions today announced that, through its indirect subsidiaries, BRP Group has entered into an agreement to acquire substantially all of the assets of Wood Gutmann& Bogart Insurance Brokers and certain of its affiliates and related entities.

Best’s Market Segment Report: Low Interest Rate Environment and Pandemic Pressure U.S. Fraternals

November 22, 2021

U.S. fraternal insurance companies posted a positive year in 2020 despite COVID-19 challenges and low interest rates, as well as difficulties in reaching current and prospective members, according to a new AM Best report. The three largest insurers— Thrivent Financial for Lutherans, Knights of Columbus and Modern Woodmen of America— have been the main drivers…

Social Security: Social Security can help you start or return to work

November 22, 2021

If you rely on Supplemental Security Income payments or Social Security Disability Insurance benefits and want to start or return to work, we can help. Ticket to Work is a program that supports career development for SSDI beneficiaries and SSI recipients who want to work and progress toward financial independence. Learn more about the Ticket to Work program…

Univera Healthcare raises minimum wage to $18 an hour in battle for workers [The Buffalo News, N.Y.]

November 22, 2021

Nov. 22— The Rochester-based health insurer that includes Univera Healthcare in Western New York has boosted its minimum wage across the company to $18 an hour, a jump from $15 as the battle for workers continues to push pay up. Of Excellus Health Plan's 4,000 employees across 39 upstate New York counties— 538 of them with Univera in eight Western New York counties,…

Insurtech MGA Corvus Insurance Partners With CyberCube

November 22, 2021

Corvus Insurance, a leading provider of smart commercial insurance products powered by AI-driven risk data, is to use CyberCube’ s Portfolio Manager to better analyse and understand cyber risk. Corvus Insurance specialises in providing cyber and data breach insurance to enterprises in a variety of industries. Unlike many other insurance providers, Corvus…

Vitech Releases Fall 2021 V3locity Solution Enhancements in Claims and User Experience

November 22, 2021

ClaimsCenter for Group Life Insurance. The next-generation ClaimsCenter application for efficient benefit claims management focuses on Group Life Insurance in this release. ClaimsCenter for Group Life Insurance also supports the full claims lifecycle as the system of record with workflow orchestration for straight-through processing, while…

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