Industry News
Insurers Passed the Pandemic Test: III CEO Kevelighan
Over the last two years of the coronavirus pandemic, property/casualty insurers have been rigorously put to the test in multiple ways. According to Insurance Information Institute CEO Sean ...
P/C Insurers Face ‘Massive’ Political Risks in 2022: III Joint Industry Forum
Property/casualty insurers head into 2022 facing "massive" political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery ...
China Starts Letting Insurers Lend Securities, Possibly Boosting Short Selling
China on Friday authorized its insurers to take part in securities lending, potentially boosting short-selling activities in the country's stock and bond markets. Chinese banks, brokerages and mutual ...
Lessons from CNA, JBS and Colonial Pipeline Ransomware Payments
In March 2021, CNA Financial Corp., one of the country's largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to ...
Bias Education Required For Actuaries Issuing Statements of Opinion
The American Academy of Actuaries has revised the qualification standards for actuaries who issue statements of actuarial opinion (SAOs) in the United States, the association announced this week. The ...
Insurers Taking Note of Big Verdicts, But Trial Lawyers Don’t Expect Big Changes
When CVS Pharmacies announced that it was closing 900 stores around the country just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, some saw ...
Wildfire Risk MGA Delos Raises $5.3M for Further California Expansion
Delos Insurance Solutions, a catastrophe insurance MGA focused on California wildfire-related risks, raised $5.3 million in seed funding designed to fuel further expansion in the state. "With this ...
European Insurers Brace for Sanctions Over Nord Stream 2 Pipeline
A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian ...