Markets
Can Violations of the California Consumer Privacy Act Be Insured?
The California Consumer Privacy Act of 2018 (CCPA) took effect on Jan. 1, 2020, and compliance departments across the United States now have some work to do. This is especially relevant for insurance ...
Arch Capital’s Net Income Grew; Insurance Combined Ratio Still Above 100
Arch Capital Group Ltd. ended 2019 with a number of things in its favor. The Bermuda-based insurer and reinsurer saw its net income climb significantly higher in the fourth quarter and its ...
Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some "unacceptable" results, particularly a $114 million underwriting loss. Separately, there are also ...
Brexit Update: Future BoE Head Urges UK and EU to Avoid Finance ‘Punch-Up’
Britain and the European Union must find a way to settle future differences over how Britain's huge finance industry can do business in the bloc without resorting to a "metaphorical punch-up," the ...
A Closer Look at AIG’s Rumored Future Leader
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his ...
Average Commercial Insurance Prices Jumped 11 Percent in Q4: Marsh
Global average commercial insurance prices increased 11 percent in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth-quarter ...
SkyWatch.AI, Starr Begin Usage-Based Drone Insurance in Canada
InsurTech SkyWatch.AI and Starr Insurance Companies have launched a usage-based drone insurance product in Canada. The coverage debuted in Ontario, Canada, and it includes on-demand hourly, monthly ...
Everest Re Improves Results With Premium Hikes and Investment Income
Everest Re Group reported a successful 2019 fourth quarter and year, driven largely by gains in insurance premiums and investment income. The Bermuda-based insurer and reinsurer reported $217.6 ...