Underwriting
As Rates Keep Hardening, Global Reinsurance Sector Receives ‘Stable’ Market Outlook
The outlook of the global reinsurance sector is "stable," which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two ...
Munich Re Will No Longer Cover Events Axed Due to Pandemics
German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world's largest resinsurer is making the change after it faced ...
Listening to the Market: Insurance Products That Fit Today’s Customer Needs and Demands
Presented by Majesco
The case for innovative insurance products How many cell phones have you owned? Computers? Cars? Appliances? Televisions? Do you still...
U.S. Air Pollution Monitoring Network Falls Into Disrepair: GAO Report
The U.S. air pollution monitoring network has fallen into disrepair after years of budget cuts and neglect, leaving tens of millions of Americans vulnerable to undetected bad air quality from events ...
Moderation Possible After U.S. Commercial Insurance Rates Climb Again in Q3
For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey for ...
Bankrupt N.Y. Retailer Sells $175M COVID Claim Insurers Won’t Pay
There's an unusual asset up for grabs in Century 21 Stores' going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for ...
Lloyd’s Approves New Insurance Group Inigo to Start Underwriting in January
Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the ...
U.S. Justice Dept. Alleges Facebook Discriminates Against U.S. Workers
The U.S. Justice Department accused Facebook Inc on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, ...
Middle Market Businesses Represent Untapped Telematics Opportunity: Nationwide Survey
Most middle market business owners are more interested in vehicle telematics insurance products than their agents realize, a dynamic that reveals a significant opportunity to sell the technology more ...