Underwriting
Allstate Unveils Coverage for Homesharing Homeowners
In a move to serve customers who rent out their homes on a temporary basis, Allstate has filed plans to offer home-sharing protection in six states — Arizona, Colorado, Illinois, Michigan, ...
In China, Mutual Insurance Companies Are Slow to Start
China's attempt to spur the launch of mutual insurance companies has gotten off to a very slow start. Approximately 18 months after issuing regulations intended to spur growth of mutual insurers, ...
La Niña May Not Address California Drought
El Nino couldn't bail California out of an unprecedented drought. Don't count on La Nina to do any better. California, in its fifth year of drought, gets most of its water from November to March. The ...
Arab Bank Settlement Over Militant Attacks Linked to U.S. appeal
Arab Bank Plc's agreement to settle litigation brought by Americans who accused it of facilitating militant attacks in Israel is linked to the outcome of an appeal of a jury's 2014 verdict finding it ...
Emerging Risks to Watch: Neutraceuticals, a Fragmented Internet and Blockchain Challenges
A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re's latest roundup of emerging risks to watch out for. Beyond ...
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
London Market Risks Casualty Reserve Shortfall: PwC
There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC's London insurance/reinsurance market review of reserve adequacy. PwC ...
A.M. Best: ‘Benefits to Be Gained’ From Flood Insurance Market Expansion
The U.S. Senate is gearing up to consider a bill that would revamp and expand the U.S. flood insurance market, and its passage appears likely. A.M. Best said this will be a very good development for ...