News
Adjuster Licensing Requirements Onerous, Costly
How many states require licensing of staff and/or independent adjusters? As a carrier or an adjusting firm, if you don't know, you just might be in violation. Currently, 34 states require independent ...
Most Young Insureds OK With Insurers’ Digital Spying If It Cuts Prices
The majority of people between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
‘Yes’ Vote For AmTrust Buyout Won’t Stop Arca Capital Fight
Arca Capital is not backing down on its opposition of the privatization of AmTrust Financial Services, Inc., the investment firm said yesterday, announcing that court action is likely if shareholders ...
Tokio Marine Agrees to Pay $390M For IAG Ops in Southeast Asia
Tokio Marine Holdings, Inc. announced yesterday that it has entered into a definitive agreement to acquire Thailand and Indonesia insurance businesses of Insurance Australia Group Limited ("IAG") for ...
U.K. Regulator Fines Big Four, Puts KPMG Under Increased Scrutiny
The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile ...
Harvey Weinstein Pushes for Jury Decision on Sex-Assault Insurance
Harvey Weinstein wants jurors to decide whether Chubb Ltd. and other insurers are acting in "bad faith" by refusing to pay to defend him against almost a dozen lawsuits accusing him of assaulting or ...
More Employers Adopting ‘Don’t Ask, Don’t Tell’ Policy for Marijuana Use
FPI Management, a property company in California, wants to hire dozens of people. Factories from New Hampshire to Michigan need workers. Hotels in Las Vegas are desperate to fill jobs. Those ...
Pathway to Safety: Actuarial Analysis
Recently, the Casualty Actuarial Society's Automated Vehicles Task Force (CAS AVTF) published a research report on its website: "Automated Vehicles and the Insurance Industry: A Pathway to Safety: ...