Industry News
Berkshire Hathaway Specialty Launches Crime Protection With Impersonation Endorsement in Canada
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of a new crime protection policy and executive impersonation coverage endorsement for large public and private companies in ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Tax-Dodge Scrutiny in U.S. Repels Bidders From Bermuda Takeovers
The IRS's scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies' value. Montpelier Re Holdings Ltd. and Platinum ...
More Folks are Tweeting, Texting and Taking Pictures While Driving: AT&T Survey
We've all seen individuals texting while driving. But the different types of risks people take with their smartphones while on the road are more widespread than some people realize. A new AT&T ...
Chubb Adds Fireman’s Fund Vets to Boost Capacity for Wealthy Clients
Chubb Corp., the insurer of high-end homes and mega-yachts, rehired Jennifer Celmer and added two of her colleagues from Fireman's Fund to bolster the unit selling coverage to wealthy individuals. ...
European Insurance Forum: Insurers Must Adapt Quickly to Multiple Changes
The long journey toward a unified regulatory system for insurance in the European Union—Solvency II—finally appears to be near its end. With that hurdle behind them insurers and reinsurers have ...
Fitch Ratings: Carriers Managing Cyber Exposures as They Get Up to Speed
While cyber threats are spurring more financial risk for property/casualty insurers, carriers have managed their exposures as they work to get up to speed with experience and expertise in ...
Marsh Links With FireEye to Add Cybersecurity Service
Marsh will work with an IT firm specializing in cyber attacks to help clients evaluate their technology security and boost their ability to respond when a breach hits. The New York-based insurance ...