Underwriting
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
Florida Property Lawsuits Encompass 76% of Insurer Litigation in U.S.: NAIC Data
New information from Florida's insurance regulator paints a stark picture of the extent of litigation facing the state's domestic insurers. The information comes as numerous stakeholders push for ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
COVID Shutdowns Drive Demand Surge for Allstate’s Pay-Per-Mile Insurance
The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise ...
Global Regulators Pressured to Refine Climate Change Risk Rules for Banks
Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible environmental risks, the Swiss-based Basel Committee of ...
EU Regulators Extend Until July 27 Their Deadline on Aon/WTW M&A Deal
European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon's $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on ...
Chubb CEO Greenberg Reiterates a Call for Litigation Reform
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its ...
Dislodged Ship Kept in Suez Canal as Compensation Claims Talks Continue
A ship that blocked the Suez Canal for almost a week in March has not been given clearance to leave the waterway as discussions continue over a compensation claim made to the vessel's owner Shoei ...
American Family Joins Clearcover’s $200M Funding Round; Digital Auto Insurer Plans Rapid Expansion
Clearcover has secured a massive $200 million round of venture capital financing, and the digital auto insurance startup plans to use the monetary infusion to fuel product development and expansion, ...