Industry News
New Business Goes to Auto Insurers With Strong Underwriting Results: J.D. Power Study
Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the "J.D. Power 2017 U.S. Insurance Shopping Study." We define new business yield rates as ...
Swiss Re Placed $925M Catastrophe Bond for California Earthquake Authority
Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets ...
OneBeacon Pilots Uber Driver Injury Protection Coverage in 8 States
An arm of OneBeacon Insurance Group is piloting usage-based driver injury protection insurance for Uber rideshare drivers. The new policy, from OneBeacon Accident and Health, has an initial rollout ...
Insurance Groups Welcome Postponement of Liability Insurance Law Restatement
Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by our sister publication Insurance ...
The Latest Launches From Beazley and Ironshore
Beazley will underwrite new coverage that helps cover administrative burden and fees involved with processing ticket refunds for attendees who can't attend an event that is otherwise being held as ...
Target to Resolve Data-Breach Probes With $18.5M Settlement
Target Corp. agreed to pay $18.5 million to settle investigations by dozens of states over a 2013 hack of its database in which the personal information of millions of customers was stolen. It's the ...
Duperreault’s AIG Arrival Helped Free It From A.M. Best Review With Negative Implications
A.M. Best released American International Group from "under review" special scrutiny, in part because the struggling insurance giant brought in industry veteran Brian Duperreault to help right the ...
Trump’s Funding Plan Would Limit Federal Subsidies for Crop Insurance Premiums
U.S. farm groups on Tuesday pushed back against President Donald Trump's proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday ...