Markets
A British EU Exit Could Kill 34,000 London Jobs, IUA Warns
A British exit from the European Union would cause grave damage to the London market and the loss of thousands of jobs, according to a position paper from the International Underwriting Association ...
Eastern Canadian Province Slaps 15% Sales Tax on Insurance Policies
The eastern Canadian province of Newfoundland and Labrador is imposing a new 15 percent retail sales tax on home, auto and business insurance policies. Effective July 1, 2016, all new or renewing ...
Casualty Actuarial Society Honors 4 Universities
The Casualty Actuarial Society (CAS) has selected four universities to receive the 2016 CAS University Award, an honor created to recognize schools doing exemplary work in preparing students for a ...
New Vehicles Still Being Sold With Defective Takata Air Bags
Toyota Motor Corp., Fiat Chrysler Automobiles NV, Volkswagen AG and Mitsubishi Motors Corp. are still selling new vehicles with defective air bags that will eventually need to be recalled, according ...
The Next Tsunami: Cybersecurity for P/C Insurers
Reports of data breaches and similar incidents are becoming ubiquitous. Those events have historically involved entities that possess vast amounts of personal data, especially health and financial ...
Erie Insurance Names NeCastro to Succeed Cavanaugh as Next CEO
Erie Indemnity Co., the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance's president and CEO-designate effective June 1. NeCastro is a 20-year veteran of the ...
Colorado State Team Predicts Near-Normal Hurricane Season
The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins June 1, while the U.S. coastline has a below-average chance of being struck by a major ...
Reinsurance Rates Still Falling—But Less at June 1: JLT Re
Property-catastrophe reinsurance rate declines are continuing to taper off from the double-digit average drops that were recorded two years ago, JLT Re reported in a report yesterday. JLT Re's ...