Underwriting
Misclassification Impedes Insurers’ Ability to Underwrite Risks
Over the years, one of the key challenges for insurers in underwriting small and midsize businesses involves misclassification of the risk. Not surprisingly, more often than not, inaccurate ...
Startups Focused on Smart Home, Contract-Management AI Tech Secure Financing
Two startups have raised early stage financing designed to advance technology from which insurers can benefit. One company is developing smart home technology to help reduce claims risks. Another is ...
Updated: The Top 10 P/C Insurance Carrier CEO Salaries
Progressive Corp.'s Susan Patricia ("Tricia") Griffith earned the fifth-highest U.S. property/casualty insurance CEO salary in 2018, even as the company she runs landed in the top slot in terms of ...
China Opens Door to More Foreign Investment in Financial Sector
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors ...
Privacy Lawsuits Benefit Attorneys More than Consumers: Chamber Study
Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce's ...
Google Settles 2010 Privacy Lawsuit With Modest Payment Agreement
Google is poised to pay a modest $13 million to end a 2010 privacy lawsuit that was once called the biggest U.S. wiretap case everand threatened the internet giant with billions of dollars in ...
Equifax Will Fork Over Up to $700M in U.S. Breach Probe Resolution
Equifax Inc. agreed to pay up to $700 million to resolve U.S. federal and state investigations into the 2017 hack that compromised some of the most sensitive information of more than 140 million ...
E-Scooter Users Worry About Harm but Are Unaware of Coverage Needs: Survey
Carriers have a potentially huge business opportunity with users of e-scooters - motorized scooters popping up in medium- and large-sized cities in the U.S. and abroad. The reason: scooter users are ...