Industry News
‘Unicorn’ Startups in the Crosshairs; New Risks Possible for D&O Insurers
Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of "unicorn" technology firms by aggrieved shareholders and securities regulators, ...
How Will Rising Okla. Earthquake Risks Shake Up the Insurance Market?
The magnitude 5.0 earthquake that struck near the oil and gas storage hub of Cushing, Okla., on Nov. 6 put the nation on alert to the vulnerability of the country's oil reserves to the significant ...
With Brexit, UK Govt. Should ‘Refine Not Replace’ Solvency II: ABI
Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU's insurance regulation to make it more appropriate for the UK market and customers, ...
Hensarling Willing to Consider ‘Version 2.0’ of Dodd-Frank Overhaul
House Financial Services Committee Chairman Jeb Hensarling said he's willing to tweak his plan to overhaul the Dodd-Frank Act before reintroducing it to Congress early next year. The committee is ...
Affordable Care Act Does Not Crowd Out Workers Comp Claimants: NCCI
New industry research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of people who are medically insured, it has not hurt access to ...
Commercial Auto Claims Spike: Blame Safer Vehicles, Distracted Drivers
Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 ...
Starr Companies Launches Direct-to-Consumer Digital Insurance Agency for Small Businesses
Starr Companies has announced the launch of Starr Insure, a new direct-to-consumer digital insurance agency that provides property and casualty coverages for small businesses. Coverage is obtained, ...
Chrysler Sued by Consumers Alleging Diesel Pollution Cheating
Diesel pollution cheating allegations hit a U.S. carmaker as Dodge truck owners sued Chrysler Monday, claiming some engines were rigged to hide emissions as much as 14 times higher than the law ...