Underwriting
Why Should RPA Matter to Insurers? Kryon CEO Tayeb Explains
Kryon Systems CEO Harel Tayeb operates in a technology space that he asserts is increasingly important to insurers. His Israel-and New Jersey-based company develops and sells robotic process ...
Takata Bankruptcy Judge in U.S. Pauses Lawsuits Against Automakers
A U.S. judge overseeing the bankruptcy of Japanese auto supplier Takata Corp's U.S. business has halted for 90 days the lawsuits brought by victims of its faulty air bag inflators against automakers, ...
AIG Is Reportedly Trying to Sell $2B Portfolio of Life Settlements Business
American International Group Inc wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the ...
Global Insurance Rates Continue Their (Moderated) Fall: Marsh
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh's Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 ...
Trump Rescinds Previous Public Works Order Covering Climate Change, Flood risks
President Donald Trump signed an executive order Tuesday that's designed to streamline the approval process for building roads, bridges and other infrastructure by establishing "one federal decision" ...
Could Cyber Insurance Benefit From Government Regulation?
Cyber insurance has become a major new business for carriers; it is often suggested that cyber insurance is the fastest growing segment of the insurance industry, and premiums are expected to ...
P/C Insurance Carriers, InsurTechs Benefit on Multiple Levels From Partnerships
Startup InsurTechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL ...
Berkshire Hathaway Builds Stake in Synchrony, but Exits Its Former Parent GE
Warren Buffett has long preached the importance of investing in businesses that are hard for competitors to copy. That may be part of why his Berkshire Hathaway Inc. built a $520 million stake in ...