Government
27 Carriers in Play With $1.3B FEMA Flood Program Reinsurance Renewal
The Federal Emergency Management Agency reported its 2020 traditional reinsurance placement for the National Flood Insurance Program, a transaction in which 27 private reinsurers assumed $1.33 ...
Start Posting Your Comments Right Now
To all of our Carrier Management readers: Happy New Year! With the advance of 2020, we are also announcing the launch of something new on our website: Readers can now post comments about the stories ...
The Hartford To Stop Insuring Coal Mining, Oil Extraction Operations
The Hartford, an insurer that has been previously recognized for its commitment to environmental stewardship, announced that it will take further steps in the effort by refusing to insure—or invest ...
AP Feature: 2019 Problems With PG&E Not the First
The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset—like millions of other Californians, some spent days in the dark when the nation's largest utility shut off power ...
NIST Study Finds Race Bias In AI Face Scanning Tech
Many facial recognition systems misidentify people of color more often than white people, according to a U.S. government study released on Thursday that is likely to increase skepticism of technology ...
Trump Signs Spending Bills with Flood, Terror Insurance Renewals Into Law
President Trump signed two government funding measures into law last week that included two provisions of interest to the property/casualty insurers: a reauthorization of the National Flood Insurance ...
TRIA, NFIP Win Renewals in Government Spending Bill
Congress is planning to use a $1.4 trillion package of two must-pass spending bills to repeal Obamacare taxes, raise the age for tobacco purchases to 21 and extend the U.S. Export-Import Bank for ...
U.S. Agency Will Investigate 12th Tesla Crash Connected to Possible Autopilot Use
The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a ...