Michael Shashoua

New Jersey

Memoir out now: https://t.co/1tbfLVltcp Day job is w/ @_diginsurance Formerly #fintech marcom & @referencedata. superfan of @genesis_band, @FordhamGBA alum

Featured in: Favicon

dig-in.com

linkedin.com Favicon

clickz.com Favicon

nationalmortgagenews.com Favicon

waterstechnology.com Favicon

insurancenetworking.com Favicon

flipboard.com Favicon

americanbanker.com Favicon

reedsy.com Favicon

newsbreak.com + 6 more

Articles

Colorado wildfire risk mitigation bill leaves specifics vague

1 week ago | dig-in.com | Michael Shashoua

Colorado home insurance policyholders will have to wait and see if a new bill will be effective at getting insurers to provide significant discounts for mitigating wildfire risk on their properties, according to a longtime insurance attorney based in the state. "The clarity of the specific mitigation efforts which an insurer says can lead to a discount is so critical because the legislation necessarily is broad and vague," said Chris Mosley, partner in the insurance recovery group at Reed Smith.
Insurers see tech R&D potential in MGAs

1 week ago | dig-in.com | Michael Shashoua

Insurers looking to leverage MGAs for their ability to develop new operations technologies need patience and modest expectations, according to industry experts who spoke at InsurTech NY on April 2. "Working with MGAs in a partnership or potential acquisition can be extremely advantageous versus the high risk that comes in trying to build something internally yourself," said Josh Bjorkman, senior vice president, digital partners, at Arch Capital, the parent company of P&C insurer Arch Insurance.
Justification of State Farm rate increase in California is disputed

2 weeks ago | dig-in.com | Michael Shashoua

A California consumer advocacy group disputed State Farm General's argument that financial strains on the insurer justify its interim emergency rate increase request for homeowners insurance. Consumer Watchdog and attorneys for State Farm General began their presentations in a hearing led by California administrative law judge Karl Fredric J.
Insurance executives forgo AI for sustainability

2 weeks ago | dig-in.com | Michael Shashoua

Using AI can conflict with insurers' sustainability goals, according to a KPMG survey of industry executives. AI, especially Gen AI, requires "high-energy consuming supercomputer chips" that require more electricity, said Scott Shapiro, U.S. insurance sector leader at KPMG.
While Financial Market Infrastructures Are Positioning Themselves for Digital Assets, Chainlink Is Connecting the Connectors

3 weeks ago | garp.org | Michael Shashoua

The list of projects on a Chainlink blog page could have come off of an international banking and capital markets directory. There are names of infrastructure operators (Swift, Euroclear), banks (ANZ, Bancolombia, Emirates NBD) and asset managers (Fidelity International, Sygnum), as well as blockchain initiatives of Germany’s Börse Stuttgart (BX Digital and BX Swiss).
Florida insurers' affiliate payments drove a rise in unpaid claims suits

3 weeks ago | dig-in.com | Michael Shashoua

The problems with Florida's homeowners insurance market can be traced to affiliate payments, according to an independent ratings firm that has issued a report on the market. During 2023, the most recent year with available data, Florida-based insurers transferred $2.1 billion to affiliates, including $335 million in dividends for investors. Affiliates are outside companies that bring more business to insurers through web traffic and promotions.
Insurance M&A could rebound, despite market volatility

3 weeks ago | dig-in.com | Michael Shashoua

Mergers and acquisitions in the insurance industry slowed during 2023 and 2024. The market volatility that caused that slowdown won't necessarily prevent a rebound in insurance M&A this year, according to Marc Voses, a partner with Clyde & Co.M&A among insurance carriers hit a 16-year-low in 2024, according to Clyde & Co.'s latest annual Insurance Growth Report. The firm advises clients in insurance and several other industries. Toward the end of 2024, M&A among insurance brokerages increased.
Insurers issued checks within hours of Oklahoma wildfires

3 weeks ago | dig-in.com | Michael Shashoua

Home insurers responded quickly to claims in Oklahoma's March 14 wildfires, according to the state's insurance commissioner, Glen Mulready. Mulready, speaking at the NAIC conference on March 25, said that when he visited Stillwater, Oklahoma on March 15, representatives were already distributing checks to pay claims.
Grange working group guides AI use

3 weeks ago | dig-in.com | Michael Shashoua

Insurers drafting AI operations guidelines have found that unbiased data and using data in unbiased ways, are key to such efforts. Grange Insurance operates a network of local independent insurance agents. The company has an AI Working Group setting policy for its use of AI, and found that guarding against bias can be a big part of managing the risk of using AI.
State insurance regulators ask: Where's FEMA?

4 weeks ago | dig-in.com | Michael Shashoua

The possible elimination or reorganization of the Federal Emergency Management Agency (FEMA) could leave disaster recovery efforts in the hands of private organizations, a consumer advocate told NAIC, the association of state insurance regulators, at its spring meeting in Indianapolis on March 25.