Industry News
Florida Enters Era of Workers’ Compensation Market Stability
Florida's workers' compensation system has reached a rare state of rate stability, according to insurers and officials. The National Council on Compensation Insurance (NCCI), filed for a one percent ...
Does, Should, Will TRIA Cover Cyber Terrorism?
The insurance industry will count on the Terrorism Risk Insurance Act (TRIA) if there is a terrorist strike on the United States, but will the program respond if the act of terrorism is a cyber ...
Fitch: Global Insurance Capital Standard Adds Uncertainty
Plans by the Basel-based International Association of Insurance Supervisors (IAIS) to develop a risk-based global insurance capital standard add further uncertainty for the insurance industry, ...
Insurance Media CEO, an Ex-Cop, Pulls Man From Burning Wreck
There may be no such thing as a retired cop; it's more like they are "off duty." It's a mindset that many former police officers and emergency response professionals seem to share. After spending 16 ...
Still Unprofitable Insurer NMI Holdings Seeks to File IPO
NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public ...
Fla. Hurricane Fund Still Strong at End of Season
Florida is ending this year's storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been in since it was ...
Pirate Attacks by Heavily Armed Gangs Surge off Nigerian Coast
Pirate attacks off Nigeria's coast have jumped by a third this year with ships passing through West Africa's Gulf of Guinea, a major commodities hub, increasingly under threat from gangs wanting to ...
BancInsure Back in Business with New Owner, Targeting Non-Financial Customers
Oklahoma City-based BancInsure, a former provider of insurance to community banks that lost surplus as a result of the financial crisis, has re-entered the marketplace with a new strategy focusing on ...