Underwriting
FEMA Chief Tells Senators He Can’t Delay Flood Insurance Rates
Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of property owners across the country. But the man in charge of ...
Product Recall Capacity Needed for Life Sciences Segment
The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the industry in general has been increasing, insurers have been wary about offering more ...
NFIP Policy Cancellation Statistics: No Loss, No Insurance
A Wharton School professor advocates a multiyear flood insurance policy as part of a program aimed at getting owners of flood-prone properties to invest in loss prevention and to hold onto their ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...
U.S. Sets First Curbs on Power Plant Carbon Emissions
The Obama administration on Friday announced first-ever regulations setting strict limits on the amount of carbon pollution that can be generated by any new U.S. power plant, which quickly sparked a ...
Are Multiyear Policies the Answer For Flood? Behavioral Economics Meets Insurance
Buyers and sellers of flood insurance can benefit from a longer-term perspective, and long-term multiyear policies may be the key to reforming the current system, a Wharton School professor said last ...
California Regulators OK On-Demand Rides; $1M Commercial Cover Required
On-demand ride services got the green light from California regulators on Thursday in a move the services hope will help clarify their legal status in other jurisdictions. The California Public ...
Germany’s Ergo Expects Asia, Eastern Europe Premium Growth
Munich Re's insurance unit, Ergo Versicherungsgruppe, plans to increase international premiums by more than a fifth over the next five years on sales in Asia and eastern Europe. "We aim to increase ...