Markets
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says
Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for ...
‘Dangerous’ 103 Degree Heat To Hit Chicago 11 Times A Year By 2100: Study
What's considered officially "dangerous heat" in coming decades will likely hit much of the world at least three times more often as climate change worsens, according to a new study. In much of ...
Night Blindness: Automatic Braking Systems Struggle to See in the Dark
Many of the automatic braking systems automakers are using to prevent vehicles from hitting pedestrians do not work well in the dark, according to test results released Tuesday ...
Judge’s Order: Credit Scoring Ban Finito In State of Washington
Earlier this week, Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning the use of credit-based ...
Behavioral Health Linked to Workers Comp Recovery: Study
Psychosocial factors are strong predictors of delayed recovery and other adverse outcomes in patients with work-related injuries. A recent white paper from the Workers Compensation Research Institute ...
Commercial Auto InsurTech Fairmatic Raises $42M
InsurTech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the ...
50-50 Split: Reinsurers Feel Strongly Both Ways About Catastrophe Risk
The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies—either diving in to ...
Calif. Emission-Free Mandate Presents New Risks for Auto Insurers
A state mandate in California that will require all cars sold after 2035 to be emission free presents a formidable challenge for auto insurers to properly price and fully understand the risks ...