Government
Insurers See Opportunity With Quick-Paying Parametric Disaster Insurance for Public Sector
Some of the world's largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The ...
Carrier Lobbyists Argue Tax to Fund Wildfire Prevention Would Harm Insurance Consumers
Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in Washington's insurance premium tax that would fund wildfire prevention and suppression. The tax ...
Proposed U.S. Regulation Would Discourage Large Banks From Investing in Competitors’ Debt
U.S. bank regulators proposed a rule on Tuesday that would discourage large banks from heavily investing in debt issued by other large banks by requiring them to hold additional capital against such ...
Germany’s Merkel Dives Into Brexit Process to Help Shield EU From UK Turmoil
Angela Merkel will this week stage her most significant intervention in the Brexit process in more than two years, as the European Union moves to shield itself from the fallout of political chaos in ...
China Pledges Broader Market Access for Insurers, Banks and Securities Firms
China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector, Premier Li Keqiang said on Thursday, as senior U.S. ...
‘FEMA Is Worthless’ as U.S. Midwest Farms Pursue Post-Flood Recovery Process
Missouri farmer Richard Oswald needs a lot of help to recover from flooding that left his home and farm looking like a manmade island in an inland sea. Relief groups are giving tetanus shots and ...
3 Things Insurance Carriers Need to Know Before Entering Colorado
Colorado isn't like other states. At 2.7 percent, its unemployment rate is lower than the national average. It's the seventh-fastest-growing state in the U.S., adding some 80,000 residents in 2018. ...
House Committee Considers NFIP Reauthorization, Plus 3 Flood Insurance-Related Bills
A Congressional House committee pursuing reauthorization of the National Flood Insurance Program is also considering a number of related legislative proposals beyond the NFIP's renewal. In all, four ...