Underwriting
Best Practices for Managing Emerging Issues From Nanotech to the Internet of Things
As Benjamin Franklin once cautioned: "By failing to prepare, you are preparing to fail." That said, insurers must plan today for the emerging risks of tomorrow. Emerging issues have become ubiquitous ...
China Orders Insurers to Halt Sales of Smog Insurance
Chinese regulators have told the country's two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported. The newspaper did not say ...
Florida Seeking Private Insurer Fix for Flood Insurance Problem
The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that's the most vulnerable to storm surge. It's not clear, though, that ...
Buffett Wins His $1B NCAA Hoops Bet After Just 2 Days of Play
It took less than two full days of play for Warren Buffett to win his bet that no entrant in a Quicken Loans Inc. contest would predict the winner of each game in the three-week-long National ...
Developers Wanted by Progressive for Driver Behavior Smartphone App
Progressive is working with application developers to find a way to use mobile phones to measure customers' driving behaviors, the auto insurer said in an announcement yesterday. The announcement was ...
Malaysia Plane Loss Spurs Calls to Upload ‘Black Box’ Data to the ‘Cloud’
The disappearance of Malaysian Airlines flight MH370 has prompted calls for in-flight streaming of black box data over remote areas, but industry executives say implementing changes may be complex ...
Public Service Exits California Workers Comp
Public Service Mutual Insurance Co.'s exit from California's workers compensation market isn't a reflection of the health of the state's workers' compensation system, according to the California ...
UK Spending Cuts Could Mean More Flood Re Claims: Fitch
Uncertainty about UK government spending on flood defenses means the industry-managed Flood Re program for pooling flood risk may face higher-than-expected claims in the future, according to Fitch ...