Underwriting
Three Potential Atlantic Storms Are Brewing, Thanks to Warm Ocean Temps
Not one, but three potential storms threaten to usher in the busiest phase of the Atlantic hurricane season later this month, courtesy of warm ocean temperatures. The season -- which runs from June ...
Allstate’s July Pre-Tax Catastrophe Losses: $181 Million
The Allstate Corp. said pre-tax catastrophe losses in July reached $181 million, with more than half of the cost coming from severe wind, hail and rain events in the U.S. Midwest. Broken down, 13 ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
U.S. Mortgage Reinsurance Remains a P/C Bright Spot: Standard & Poor’s
While business conditions in traditional property/casualty reinsurance areas continue to deteriorate, U.S. mortgage reinsurance apparently remains a bright spot, due to government mandates and other ...
U.S. Govt. Sued for Alleged Slow Implementation of Rear Vehicle Seat Belt Rules
A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on ...
Prudential Reportedly Plotting Escape From ‘Too Big to Fail’ Label
Prudential Financial Inc. is laying the groundwork to escape the government's label that it's too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life ...
Munich Re, Swiss Re, Hannover Re, SCOR Are Keeping Pricing Discipline in Tough Market: Fitch
The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite ...
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, ...