News
It’s Official: The Insurance Cycle Is Dead, Willis Towers Watson Says
The once reliable cycle consisting of a short but severe post-catastrophe hard market followed by a gradual easing of insurance prices is officially a thing of the past, a major broker said in a ...
Giant Online Gun Market Risks Possible Liability in First-of-Its-Kind Court Ruling
One of the biggest U.S. online gun markets can be held liable for negligence for the private sale of a weapon used in a fatal shooting spree, Wisconsin's highest court said in the first decision of ...
New York Gov. Cuomo Pressures Insurers, Banks on NRA Ties
New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations ...
Capitol Hill Leaders McConnell, Hoyer Measure Industry Expectations Before Big ‘I’ Lobbying Push
Two congressional leaders stood before an audience of more than 1,000 insurance agents and brokers on April 19 to tell them, in part, how important their industry is to the economy and the country. ...
AIG Solidifies Its Post-Brexit Strategy
American International Group has solidified its post-Brexit strategy for Europe, with plans to establish two separate corporate entities to give clients greater certainty about the continuity of ...
Many Lawsuit Claims Likely From Southwest Survivors
After the crash come the claims. Being on an airplane more than six miles in the air when an engine blows up and sends shrapnel through a window is an experience so scary that aviation lawyers say ...
E&S Player Gets an S&P Upgrade; Alleghany’s RSUI Now at ‘A+’
S&P Global Ratings announced an upgrade of its financial strength ratings for Allegheny's RSUI companies to "A+" on Wednesday, citing the excess and surplus lines operations' "core" status to the ...
More Than 60 Insurers in Gibraltar Could Bypass Brexit Through Spain
A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea ...