2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits
Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021.
Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go after agents and brokers after they exhaust other legal avenues most often suing insurers and come up short, according to experts at the 2020 virtual Professional Liability Underwriting Society (PLUS) conference.
While E&O claims from the pandemic of 2020 have not happened yet in noticeable numbers, they will, just as they happen following major storms or other disasters, the experts warned.
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Through all of this year’s tumultuous ups and downs, one trend that has remained unstoppable – and has even accelerated – is the healthcare sector’s adoption of technology.
MobiHealthNews has covered the payer space as it continually pushes further into the world of digital health, and 2020 proved no different. From traditional insurers embracing technology to massive expansions of telehealth, to innovative insurtech companies hitting the public market, this roundup goes deep into how payers are turning towards tech amid a changing world. Read on for a recap of payer digital health news from 2020.
Insurers upping their technology game
As much of this year was spent navigating different stay-at-home and social distancing mandates, many turned towards technology as a way to receive healthcare. As a result, even the most traditional healthcare insurers upped their tech-game this year.
Alphabet s busy 2020 in healthcare – everything from AI tools to COVID-19 testing mobihealthnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobihealthnews.com Daily Mail and Mail on Sunday newspapers.
MGA Descartes Underwriting ramps up US expansion with senior hire
21-12-2020
27-09-2017
Paris-based managing general agency (MGA) Descartes Underwriting has appointed Daniel Vetter as head of North America as the firm ramps up its expansion in the US.
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MGA, Descartes Underwriting, US, Asia, global, expansion, senior hire,, Daniel Vetter, Swiss Re Corporate Solutions, New York, Singapore, fund raising
Don t just focus on a single risk, take a broad look at risk intersection
Allen Kwan, Head Customer Management North America, North America, Swiss Re Corporate Solutions
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NEW YORK, Dec. 17, 2020 /PRNewswire/ All eyes are on the pandemic, but let s not forget the other economic, environmental and societal risks driving losses. These threats to businesses, individuals and government entities have not gone away while our attention is elsewhere. In many instances, they ve grown more severe as a result of COVID-19.
Allen Kwan, Head Customer Management North America, North America, Swiss Re Corporate Solutions