Personal Lines
Insurance Industry Slams Treasury’s New Auto Insurance Affordability Formula
Federal regulators have adopted a methodology for monitoring the affordability of automobile insurance, capping years of debate and public comments. Property/casualty insurers, however, said the new ...
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...
GM Loses U.S. Appeals Court Bid for Ignition-Switch Lawsuit Shield
General Motors' 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million ...
Q1 Troubles: Catastrophe Losses Knocked Net Income Down 26.6 Percent
Severe weather and the hefty insured losses that followed helped produce a 26.6 percent plunge in U.S. property/casualty insurers' net income during the 2016 first quarter, a new industry study has ...
XL Group, Chubb and More Reveal High Q2 Cat Loss Estimates
Canadian wildfires, European floods, Japan and Ecuador earthquakes and U.S. hailstorms over the spring were dramatic enough at the time. Now, the damage these events left behind are leading a number ...
Pokémon ‘Augmented Reality’ App Game Leading to Liability Risks
Pokémon Go, a location-based "augmented reality" game for smartphones, may be shaping up to be a big insurance/liability challenge. The game launched in July (based on a 1990s children's card ...
I.I.I. Picks Ex-Zurich Exec/Bush Administration Vet as New CEO
The Insurance Information Institute has chosen its new leader – an ex- public affairs executive for Zurich Insurance Group who also once worked for President George W. Bush's administration in ...
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...