Underwriting
FEMA Shifts More Risk to Private Markets With First NFIP Catastrophe Bond
In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) ...
14 Named Storms Predicted for ‘Above Average’ 2018 Atlantic Hurricane Season
After the costliest Atlantic hurricane season in history last year, early forecasts indicate 2018 will be above average. Look for 14 named storms, and there's a greater than normal chance of a major ...
Equifax Fails to Prevent Mass. Data Breach Lawsuit From Advancing
Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of ...
IAT Insurance Will Enter Surety Space With Planned IFIC Acquisition
IAT Insurance Group said it will jump into the surety market with a planned agreement to buy IFIC Surety Group Inc. Neither side is disclosing financial terms of the acquisition deal, which will ...
Better Ways Needed for Human Drivers to Take Over Autonomous Vehicles When Necessary: Experts
Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and ...
Cat Bond Issuance Goes Largely Global in Q1:PCS/Verisk
Catastrophe bond issuance for the 2018 first quarter soared to a new record, landing much higher than the previous year. The transactions have also gone largely international, according to a new ...
Predictive Analytics Help Commercial Lines Insurers Boost Profit, Reduce Underwriting Volatility: A.M. Best
The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best concluded in a new special ...
MGAs Are Increasingly Taking on Carrier Business Practices
Among the most profound changes in commercial insurance over the past decade has been the growing role of managing general agencies (MGAs) as measured by premium volume and by the growing scope of ...