Industry News
Supreme Court Appears Unlikely to Radically Change Software Patent Law
U.S. Supreme Court justices stepped gingerly into a raging debate over computer software on Monday, voicing concerns about vaguely defined patents but signaling they would avoid any radical change to ...
Forecast Models Line Up on El Niño, Possibly Cutting Down Atlantic Hurricanes: WSI
The prospect of an El Niño event is now looking likely, a meteorologist told insurance professionals last month, pointing to computer models signaling at least a weak event coming in late spring or ...
Asia-Pacific Offering Varied Growth Opportunities for Insurers
With insurance markets already mature in Europe and North America, carriers are eager to find new markets in which to expand. Many are looking to Latin America and Africa. But it is the Asia-Pacific ...
Allied World to Launch New Managing Agency at Lloyd’s
Allied World Assurance Co. Holdings announced Monday that it has received approval from Lloyd's, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its ...
Conning to Acquire Insurance Asset Management Business from Brookfield Investment Management
Conning & Co., the money manager controlled by Jeff Greenberg's Aquiline Capital Partners LLC, is adding about $6 billion in assets from Brookfield Asset Management Inc. as the seller exits the ...
7.5 Quake on California Fault Could Be Disastrous: USGS
Experts say a bigger earthquake along the lesser-known fault that gave Southern California a moderate shake could do more damage to the region than the long-dreaded "Big One" from the more famous San ...
Arizona Bill Amendment Addresses Ridesharing Insurance
Arizona has joined a number of states debating how to regulate so-called ridesharing programs that have popped up around the country and riled traditional taxi and limousine establishments. An ...
Addressing the Profitability Challenge in Commercial Auto Insurance: Emerging Driver-Based Rating Factors
Pop quiz: Which of the following real-life scenarios resulted in a violation on the driver's motor vehicle record (MVR)? (a) Going 55 mph in a 45 mph zone. (b) Making a left turn across two ...