Industry News
‘Threat-Sharing’ Cybersecurity Bill Advancing in Senate
The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity ...
Insurers Slow to Maximize Big Data Potential Despite Importance: Fitch Ratings
Big data will become increasingly important to insurer profitability in multiple ways in the coming years, and the industry is starting to comprehend its potential. But carriers have been slow to ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Cyber Attacks Increasing on Public-Sector and Nonprofit Targets
Government agencies, cities and counties, and even the Colonial Williamsburg website have faced cyber attacks in recent weeks, underscoring that potential targets go well beyond private businesses, ...
Third Point Re Says It’s a Real Insurer as IRS Eyes Tax Rule
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it's more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore ...
Uber, Lyft Fail in Bids to Deem Drivers Independent Contractors
Ride-hailing apps Uber and Lyft failed to persuade separate U.S. judges on Wednesday to rule that their drivers are independent contractors instead of employees, in cases that have wide implications ...
More States Eye Use of Drug Formularies in Workers Comp
While workers compensation pharmacy benefit managers have been utilizing drug formularies to control prescription drug costs and monitor medical treatments for a long time, states are now catching ...
Lloyd’s Rolls Out Specialist Underwriting Platform in Dubai
Lloyd's has opened a new specialist underwriting platform in Dubai to provide tailored risk products across the Middle East. This brings the number of Lloyd's businesses trading in the Dubai ...
P/C M&A Worth More Now and Expanding in Scope: Deloitte and Assured Research
M&A activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that ...