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April 9, 2020 by Greg Donaldson

In a matter of weeks, the COVID-19 pandemic has triggered a massive mobility shift that has forced many auto insurers to reevaluate policy pricing and exposure, leading to premium refunds, discounts, and payment deferrals. While these actions by Allstate, American Family, GEICO, Liberty Mutual, Farmers, and others are to be lauded given the circumstances, this is expensive for the carrier and based on inaccurate data, creating added financial pressure in an already uncertain time. The insurance industry has an opportunity here to take a step forward and move to a system that allows for sudden shifts by adjusting prices for the consumer while also reducing expenses for the carrier.

April 9, 2020 by Aite-Novarica Media

While the full financial impact of the COVID-19 pandemic is unknown, it is almost certain that there will be a negative short-term impact on IT budgets and pressure to cut costs for the entire organization.

April 9, 2020 by Martin Higgins

There is a meme doing the rounds on LinkedIn; it’s a multiple-choice question that asks who led the digital transformation of your company. The answers are “CEO,” “CFO,” and “COVID-19.” COVID-19 is highlighted in red marker.

April 8, 2020 by Francisco Alvarez

The president of the United States signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. The legislation includes provisions for advanced tax credits to Americans that meet certain eligibility criteria. While the IRS will be responsible for disbursing the tax credits as economic impact payments to qualified recipients, there are some gray areas surrounding the way the IRS will be disbursing funds.

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