Personal Lines
Double-Digit Reinsurance Price Drops Possible at Jan. 1: Guy Carpenter
The world's largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some ...
Govt. Cracking Down on Illegal Drone Operators; Testing Tech to ID Them
The Federal Aviation Administration has signed an agreement to test technology that could locate the operators of small drones that are flying illegally near airports, as the government tries to ...
Insurance Execs May Also Face U.K. ‘Duty of Responsibility’ Bank Rules
Executives at UK insurers, mortgage brokers and payday-loan companies will be covered by the same "duty of responsibility" as those in banks under legislation introduced in Parliament Thursday. The ...
Extreme Western Wildfires Are Not New Occurrence: University Research
New research by scientists at the University of Wyoming has found that extreme wildfire seasons are nothing new in the Rocky Mountain region: They also happened hundreds of years ago, after global ...
Ex-U.S. Sen. Ben Nelson Won’t Renew Contract as NAIC CEO
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC), the group announced. Nelson's current term ends on ...
China Insurers Pursue Western Carriers as Mentors
Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property ...
Strong El Nino Could Prevent Relief from Smoke Haze Choking Asia
The choking haze that has blown across Southeast Asia from burning rain forests in Indonesia may get worse and last several more weeks as an unusually strong El Nino keeps away seasonal rain that ...
Executives on the Move at Liberty Mutual, Validus Re, Willis and More
We have new hires and promotions to tell you about at Liberty Mutual, Validus Re, Willis and Markel International: ** Liberty Mutual Insurance has a new executive vice president and general manager ...