Industry News
House Opposes Boost in Truckers’ Minimum Insurance Limits
The House of Representatives voted narrowly this week voted to block the federal government from raising the minimum liability insurance limits for truckers as recommended recently by the regulatory ...
RMS Opens Fourth Asia-Pacific Office in Singapore
Catastrophe risk management firm RMS announced last week that it is expanding its Asia Pacific presence with a new Singapore office. The office, led by Paul Burgess, senior director of client ...
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...
Top 10 Commercial Auto Insurers: Five-Year Underwriting Performance 2009-2013
A review of statutory underwriting results for the top 10 writers of commercial auto insurance reveals that those with the highest growth rates over the last five years also had the best combined ...
House TRIA Draft Boosts Event Trigger, Deductibles; Formal Intro Likely This Week
The formal introduction and markup of proposed House legislation to renew the Terrorism Risk Insurance Act (TRIA) is expected the week of June 16, giving the industry hope something will move toward ...
You Have Mail—and Storm Claims on Your Policies: BMS Launches Alerts
Incoming emails alerting carriers to weather claims on their policies are now automatically generated by BMS Group's iVision catastrophe risk management system, the intermediary announced earlier ...
USAA Building Service Center in Tampa with State, County Help
Insurance and financial service giant USAA has broken ground on a 420,000 square-foot Tampa headquarters for its client services employees that officials say will bring 1,200 new jobs to the area. ...
California Regulators Want Insurers to Speed Up Ridesharing Policies
The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer ridesharing drivers. A proposal issued by CPUC on Tuesday further ...
Berkshire Specialty Unit Jumps Into Surety With Zurich’s Delisio
Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior ...