Industry News
Top D&O Insurer Ranking Shows CNA Moving Up: Fitch Analysis
Although market leaders in the directors and officers liability insurance segment have stayed relatively unchanged in recent years, CNA edged its way into the top five last year, according to a ...
Erie Insurance Joins Commercial Drone Bandwagon
Erie Insurance is joining the drone bandwagon with news that it has obtained conditional Federal Aviation Administration approval to use the technology in its claims and underwriting processes. ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
BP Spill Leads to Proposed Risk Reduction Rules For Offshore Oil Wells
The Obama administration proposed tighter rules for the offshore drilling equipment designed to be a last line of defense against oil-well blowouts, five years after the fatal BP Plc spill off ...
Fairfax Financial Will Sell 30% of Brit Plc to Ontario Pension Fund
Fairfax Financial Holdings Ltd. will sell as much as 30 percent of Brit Plc to the Ontario Municipal Employees Retirement System two months after agreeing to buy the Lloyd's of London insurer for ...
U.S. Insured Property Values Reach New Heights and Cluster in Coastal Regions
U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help ...
Nonstandard Auto Insurance Market Is Not for Everybody
The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance, and many have struggled to ...
Security Breaches Reveal Airport Vulnerabilities
Several hundred times over the last decade, intruders have hopped fences, slipped past guardhouses, crashed their cars through gates or otherwise breached perimeter security at the nation's busiest ...
PartnerRe Gains Second Suitor in EXOR With Its $6.4B Cash Bid
European investment company EXOR has emerged as a second suitor for PartnerRe Ltd. with the announcement of its proposed $6.4 billion all-cash acquisition of the Bermuda-based reinsurer. If accepted, ...