Government
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch ...
Father of Paris Terror Attack Victim Sues Google, Facebook, Twitter
The father of a young woman killed in the Paris massacre last November is suing Google, Facebook and Twitter, claiming that the companies provided "material support" to extremists in violation of the ...
New U.S. Drone Rules Open Skies for Low-Level Commercial Flights
The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and ...
S&P Conference Report: Brexit Burden Unwelcome, Industry CEOs Say
While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives ...
Fla. Supreme Court Finds 104-Week Temporary Disability Benefits Cap Unconstitutional
The Florida Supreme Court has delivered another blow to Florida's workers compensation system with a ruling that the state's statutory 104-week cap on temporary disability benefits is ...
S&P Sees Proposed Insurer Rules as Strong on Risk Management
Standard & Poor's said the Federal Reserve Board's proposed rules for insurers under its oversight are strong as far as risk management, but uncertainty remains as to other crucial details. "We ...
U.S. Treasury Reviewing Fosun’s Acquisition of Ironshore
United States authorities are conducting a review of China's Fosun Group's acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States ...
Puerto Rico Insurers Urge Talks to Avoid Major Bond Default
Puerto Rico's bond insurers are urging the commonwealth to negotiate with creditors as speculation increases that the island will default July 1 for the first time on its general-obligation debt. ...