Commercial Lines
TPAs Win ‘Bad Faith’ Ban in Iowa; Issue Remains Unsettled Elsewhere
A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains ...
Federal Terrorism Reinsurance Program Is Keeping Market Stable: Marsh
The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program ...
Experts: Uber, Lyft and Shared Owners Will Dominate Future Auto Sales
Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at ...
Flying Taxi Startups Are Coming to Asia, Based on European Tech
The world's first passenger-drone services may debut in Asia -- but the technology behind these flying taxis will be largely European. Volocopter GmbH of Germany said Thursday it will open a landing ...
Bankrupt California Utility Allowed to Establish a $105M Wildfire Victim Fund
PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge ...
Executives On The Move at BHSI and Armour Group
Berkshire Hathaway Specialty Insurance promoted a veteran executive to run its North America Casualty Construction business. Amour Group named a Lloyd's of London veteran to become its latest group ...
Beware of All the Added Risks That 5G Mobile Networks Will Bring: Swiss Re
Insurers and reinsurers alike should be wary about risks stemming from the new 5G mobile networks now being installed around the world, Swiss Re warns in its bi-annual SONAR report. You've heard ...
Plane Crash Kills 3 Hilb Group Executives in Insurance Agency Tragedy
The Hilb Group, headquartered in Richmond, Va., has confirmed that three regional executives died in a plane crash near Roatán, Honduras, on Saturday, May 18. Rob Miller, regional leader, Hilb Group ...