NAMIC

Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company to Launch Innovative New Platform Dedicated to Mutuals

Retrieved on: 
Mercoledì, Dicembre 20, 2023
Insurance, Finance, Consulting, Public Relations, Investor Relations, Fintech, Communications, Professional Services, Small Business, Asset Management, Bain Capital, Policy, Fleming, Multimedia, LLP, Acquisition, LP, National Association, Human services, History, Organic, Kirkland & Ellis, Growth, Foley & Lardner, Capital, NAMIC, Senior

The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.

Key Points: 
  • The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.
  • The Mutual Group is being created through Bain Capital Insurance’s acquisition of the operational platform1 of GuideOne Insurance Company (“GuideOne”), a leading niche-market mutual insurance carrier founded in 1947.
  • “We are proud to continue our team’s history of developing innovative solutions for the mutual insurance industry,” said Matt Popoli , Global Head of Bain Capital Insurance.
  • Kirkland & Ellis LLP served as legal advisor to Bain Capital Insurance on the transaction.

NAMIC Warns Lawmakers to Focus on Growing Risk to Ease Rising Insurance Costs

Retrieved on: 
Mercoledì, Novembre 1, 2023
Insurance, Policy, Weather, Wildfire, National Centers for Environmental Information, Grande, National Association of Mutual Insurance Companies, Congress, Federation, United States House Financial Services Subcommittee on Housing and Insurance, Federated Insurance Company of Canada, Capitol Hill, Cyclone, Disaster, Risk, NAMIC, House, Consumer, Data wrangling, Hearing, National Association, Bank

Congress needs to look past the surface issues of higher insurance costs and focus on what's driving those increases.

Key Points: 
  • Congress needs to look past the surface issues of higher insurance costs and focus on what's driving those increases.
  • "Insurance is a mechanism for spreading risk, and it is not insurance that's changed," said Jimi Grande, senior vice president of federal and political affairs for NAMIC.
  • "Instead, what we're seeing is the risk and cost of what's being insured going up dramatically.
  • Congress needs to look past the surface issues of higher costs and focus on what's driving those increases."

BriteCore Unveils Latest Product Innovations

Retrieved on: 
Lunedì, Settembre 18, 2023
Insurance, Heart, Analytics, Policy, API, Carfax, Intelligence, P&C, Strategic planning, NAMIC, MGA, LexisNexis, Information system, CFO, Data, Conference, Intuition, Verisk Analytics, Mobile phone, Risk management, Smarty

At the heart of these advancements is the cloud-native BriteCore Platform, a modern end-to-end core insurance solution that BriteCore continuously evolves to meet the changing needs of P&C insurers.

Key Points: 
  • At the heart of these advancements is the cloud-native BriteCore Platform, a modern end-to-end core insurance solution that BriteCore continuously evolves to meet the changing needs of P&C insurers.
  • Among the new product innovations BriteCore is introducing are:
    In-memory Analytics and Intuitive Report Builder:
    BriteCore’s Report Builder feature allows insurance carriers and MGAs to craft detailed, customized reports swiftly and efficiently.
  • “With our latest innovations, we're ensuring BriteCore’s clients have access to a modern core insurance platform and the solution integrations they need to remain agile, informed, and ahead of the curve.
  • This event serves as an opportunity for P&C insurers to experience the BriteCore Platform firsthand and witness its transformative capabilities in action.

AM Best to Sponsor and Exhibit at the NAMIC 128th Annual Convention

Retrieved on: 
Mercoledì, Settembre 13, 2023
Insurance, Professional Services, AM Best, ALL, 128th, Convention, Research, Credit, EDT, NAMIC, Gaylord National Resort & Convention Center, AM, News, Convention center, Conference, National Harbor, Maryland, Risk management, MD

AM Best will sponsor and participate in the NAMIC 128th Annual Convention at the Gaylord National Resort and Convention Center in National Harbor, MD, Sept. 17-20, 2023.

Key Points: 
  • AM Best will sponsor and participate in the NAMIC 128th Annual Convention at the Gaylord National Resort and Convention Center in National Harbor, MD, Sept. 17-20, 2023.
  • Best’s Custom Services : In addition to our standard products, customized data solutions can be created to your specifications.
  • AM Best is a longtime sponsor and will host a networking reception during the conference on Tuesday, Sept. 19, 5:30 p.m. -7:00 p.m. (EDT).
  • NAMIC's 128th Annual Convention offers a multitude of seminars focused on the mutual insurance industry.

Tracy Murdoch O’Such returns to Diversified Search Group as Global Managing Partner

Retrieved on: 
Giovedì, Agosto 3, 2023
New media, Cablevision, Advertising, WISE, University, Digital, Culture, Communication, WICT, Chief digital officer, DSG, NAMIC, Multi-Ethnic Study of Atherosclerosis, Sport, Growth, National Association, Woman, Diversification, Global Media & Entertainment, Psychology

Philadelphia, PA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Diversified Search Group has announced that Tracy Murdoch O'Such is rejoining the firm and will serve as Global Managing Partner, leading both the firm's Media, Entertainment, and Sports practice , and expanding the firm's executive search capabilities in communications and marketing.

Key Points: 
  • Philadelphia, PA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Diversified Search Group has announced that Tracy Murdoch O'Such is rejoining the firm and will serve as Global Managing Partner, leading both the firm's Media, Entertainment, and Sports practice , and expanding the firm's executive search capabilities in communications and marketing.
  • O'Such returns to Diversified Search Group following a two-year hiatus working for a global boutique executive search firm.
  • "Tracy O'Such's return to Diversified Search Group at this transformational time, with our growing capabilities and expansion into key new markets, is a testament to our firm's unique position in the marketplace," says Aileen K. Alexander, CEO of Diversified Search Group.
  • "We’re thrilled that Tracy O’Such is rejoining us at DSG as an invaluable leader," says Judith M. von Seldeneck , Founder and Chair, Diversified Search Group.

Stanton Chase Washington D.C. Announces Appointment of Iris Drayton-Spann to Managing Director

Retrieved on: 
Lunedì, Luglio 10, 2023
Human resources, Bachelor, Society, WEL, Howard University, DC, Amanda, Mogul, Multimedia, Society for Human Resource Management, NAMIC, Non-governmental organization, Diversity, Multi-Ethnic Study of Atherosclerosis, WETA, DEI, National Association, Stanton Chase, George Washington University, Washington, D.C., Management, Iris

WASHINGTON, July 10, 2023 /PRNewswire/ -- The Washington D.C. Office of Stanton Chase, a top-10 retained executive search and consulting firm, announced Monday that Iris Drayton-Spann will be promoted from Director to Managing Director.

Key Points: 
  • WASHINGTON, July 10, 2023 /PRNewswire/ -- The Washington D.C. Office of Stanton Chase, a top-10 retained executive search and consulting firm, announced Monday that Iris Drayton-Spann will be promoted from Director to Managing Director.
  • As a part of Stanton Chase's Washington, DC team, Iris serves as an expert in non-profit, public media, human resources, and for-profit diversity executive placements and leadership consulting.
  • It is core to how I show up every day, with clients and candidates at Stanton Chase," she said.
  • Iris graduated from Howard University with a Bachelor's degree and George Washington University with a Master's.

Church Mutual® Recognized as Insurance Industry Innovator

Retrieved on: 
Mercoledì, Luglio 5, 2023
Professional Services, Insurance, Finance, Category, National Association of Mutual Insurance Companies, Thought, NAMIC, Rowman & Littlefield Award in Innovative Teaching, Churches' Mutual Credit Union, System, National Association, Award, Financial adviser, Management, Innovation

(a stock insurer)1 has been recognized for its adaptability and innovation with its digital adjusting program.

Key Points: 
  • (a stock insurer)1 has been recognized for its adaptability and innovation with its digital adjusting program.
  • Church Mutual won Best in Category – Adaptability from the National Association of Mutual Insurance Companies (NAMIC).
  • Whether the ideas are big or small, each innovation is crucial to keeping the insurance industry strong and stable for the future.
  • With the new digital adjusting model, Church Mutual has trimmed 80% off the average claim resolution cycle time.

Allstate: Replacements of Catalytic Converters up Nearly 1,200% Since 2019

Retrieved on: 
Giovedì, Maggio 18, 2023
Insurance, Professional Services, Policy, Theft, VIN, NAMIC, National Association, Social media, Allstate, National Association of Mutual Insurance Companies, Property insurance, Self storage

“Catalytic converter thefts exploded during the pandemic,” says Craig Edmonds, Allstate’s vice president of Auto Physical Damage Claims.

Key Points: 
  • “Catalytic converter thefts exploded during the pandemic,” says Craig Edmonds, Allstate’s vice president of Auto Physical Damage Claims.
  • And because they’re relatively easy to steal, theft rings have pounced, creating a multimillion-dollar black market enterprise.
  • “Having the right insurance policy can be beneficial to both your wallet and peace of mind,” Edmonds says.
  • This can include:
    Mounting a steel plate or cabled covering directly to the catalytic converter to prevent it from being stolen.

US Homeowners Fear Hurricane Damage, but Often Lack Critical Protection

Retrieved on: 
Lunedì, Maggio 1, 2023
Cloud, Ohio State University, National Oceanic and Atmospheric Administration, Colorado State University, Global Risk Institute in Financial Services, Multimedia, Cloud research, National Association of Mutual Insurance Companies, Amazon Mechanical Turk, Amazon, National Hurricane Preparedness Week, NAMIC, Tropical cyclone, Flood, Fisher College of Business, Earthquake, Risk, Cyclone, Weather, National Association, Property insurance, Insurance, Atlantic Ocean

Standard homeowners and renters' policies don't cover flooding, so it's imperative that homeowners assess their risk.

Key Points: 
  • Standard homeowners and renters' policies don't cover flooding, so it's imperative that homeowners assess their risk.
  • "Standard homeowners and renters' policies don't cover flooding, so it's imperative that homeowners assess their risk and understand how to protect their most valuable assets by obtaining flood insurance coverage."
  • During this hurricane preparedness week, the National Oceanic and Atmospheric Administration is offering advice for homeowners about protecting their property.
  • NAMIC's national survey of homeowners involved a sampling of 1,102 homeowners.

Transformative Innovation Takes Center Stage at 2023 IEEE Vision, Innovation, and Challenges Summit

Retrieved on: 
Martedì, Aprile 11, 2023
IOT (Internet of Things), Manufacturing, Environment, Other Science, Other Technology, Telecommunications, Artificial Intelligence, Software, Networks, Internet, Hardware, Science, Consumer Electronics, Technology, Mobile, Wireless, Robotics, Climate Change, Apps, Applications, Engineering, Truist Financial, Duke University, National Instruments, IEEE Founders Medal, Dell, Master of ceremonies, Biotechnology, AT&T, Akamai Technologies, Multimedia, MIT, Intimate, IEEE Medal for Environmental and Safety Technologies, Creativity, Ceremony, ITU, NAMIC, The Society for the Study of the Multi-Ethnic Literature of the United States, Climate change, IEEE Life Sciences, Social change, Purdue University, Intel, Artificial intelligence, AI, Georgia Aquarium, National Association, PDF, Massachusetts Institute of Technology, Georgia Tech Research Institute, Consumer electronics, 3D printing, The New York Times, IEEE

IEEE , the world’s largest technical professional organization dedicated to advancing technology for humanity, will pay tribute to innovation and creativity in engineering, science, and technology at its 2023 IEEE Vision, Innovation, and Challenges Summit (IEEE VIC Summit) & Honors Ceremony on 5 May 2023, at the Hilton Atlanta in downtown Atlanta, Georgia, USA.

Key Points: 
  • IEEE , the world’s largest technical professional organization dedicated to advancing technology for humanity, will pay tribute to innovation and creativity in engineering, science, and technology at its 2023 IEEE Vision, Innovation, and Challenges Summit (IEEE VIC Summit) & Honors Ceremony on 5 May 2023, at the Hilton Atlanta in downtown Atlanta, Georgia, USA.
  • View the full release here: https://www.businesswire.com/news/home/20230411005453/en/
    "Creativity and innovation are the lifeblood of science, engineering, and technology.
  • Intimate fireside chat with co-father of the Internet, IEEE Life Fellow, and 2023 IEEE Medal of Honor recipient, Vinton G. Cerf of Google.
  • Innovators Showcase panel with 2023 honorees including IEEE Life Member Melba Crawford of Purdue University; National Instruments co-founder and IEEE Fellow James J. Truchard .