Industry News
NAIC Task Force Mulls Consumer Disclosure Requirement on Big Data Collection
The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today's property/casualty insurance market. In light of that, the National Association of ...
Autonomous Vehicles, Smart Homes Lead to Shifts in Exposures—and Underwriting
Today's insurers want to be there for their customers—literally. With sensors of various kinds in policyholders' cars, homes and personal devices, "exposure data tracking" is rapidly becoming a ...
SCOTUS Will Consider Company Exposure to Human-Rights Suits
The U.S. Supreme Court agreed to use a case stemming from Middle Eastern terrorism to decide whether victims of overseas atrocities can use a two-century-old federal law to sue corporations for ...
Commercial Lines Prices Up Slightly in First-Quarter 2017: MarketScout
For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter. Rates for business ...
Allstate, Others Pull ‘O’Reilly Factor’ Ads After NYT Harassment Report
More companies, including carmaker BMW and insurer Allstate, have pulled their advertising from Fox News' "The O'Reilly Factor" television program days after the New York Times reported Fox and star ...
P/C Insurers See $ in IoT, Smart Home Tech; Limited Data Access Hampers Potential
Internet of Things and smart home technology offer significant growth potential for property/casualty insurers, but data access limits could restrict how big the boom becomes, according to a new ...
The Latest Launches From Lemonade, QBE, FM Global and More
P2P startup Lemonade gained its license to start selling renters and homeowners insurance in Illinois. QBA North America and a few partners will start offering a new national workers' compensation ...
Stephen Catlin to Retire as XL Group’s Executive Deputy Chairman
XL Group, the corporate parent of XL Catlin, said that Stephen Catlin will be retiring as executive deputy chairman at the end of 2017. Catlin sold his eponymously named Bermuda specialty insurer and ...