Industry News
Willis Snatches Up Mexican Rival With Eye On Emerging Market Growth
Willis Group said it is acquiring a broker based in Mexico to boost its growth potential in a key emerging market. The global insurance and reinsurance broker said it is snatching up Carsa ...By The Letters: Multiple Insurance Regulators
As the regulators and other entities influencing the regulations of U.S. insurance companies have multiplied around the world, it's become harder to keep track of them. Andy N. Mais and David S. ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Uber Seeks U.S. Court Dismissal of Lawsuit Regarding Alleged Delhi Rape
Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. The ...
Cyclone Niklas European Insured Losses Could Hit $2B: AIR Worldwide
When Cyclone Niklas slammed into parts of Europe at the end of March, it turns out the insured losses the storm caused were substantial. AIR Worldwide estimates the final tally will range between ...
USAA Follows State Farm With Commercial Drone Test Plans
USAA plans to start testing drones as a tool to help speed review of insurance claims after natural disasters. The insurer announced on April 6 that it obtained Federal Aviation Administration ...
Hacking Attacks That Destroy Data More Widespread Than Realized
Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout ...
The IMF Wants U.S. Insurance Reform to Go Further and Quicker
The International Monetary Fund said changes in U.S. insurance regulation with an eye on national and international guidelines have made real progress, but the effort remains unfinished with a long ...
A.M. Best: Solid 2014 Reinsurance Results Won’t Continue
Two new reports from A.M. Best and the Association of Bermuda Insurers and Reinsurers point to relatively strong reinsurance underwriting results in 2014, but there's a catch. Much of the improvement ...