News
The Trouble With Algorithms Behind Driverless Cars, Insurance and More: Viewpoint
Self-driving cars keep killing people. Just in the past few weeks, one crashed into a highway barrier and another ran over a pedestrian. This will inevitably lead to much hand-wringing about the ...
Sompo International Retail Insurance Platform Will Integrate International Businesses
Sompo International Holdings Ltd. is launching a retail platform designed to integrate all the operations of Sompo Holdings Inc. outside Japan. Sompo Holdings has 45 licensed entities spanning 32 ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Global Natural Catastrophe Insured Losses Hit Record $144B in 2017: Swiss Re
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Wells Fargo Reportedly Risks Record Fine From U.S. Consumer Watchdog for Various Abuses
The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, ...
Proposed Uber Settlement Addresses Pay Disparity, Sexual Harassment Claims
Uber Technologies Inc.'s $10 million settlement with women engineers who complained they were underpaid compared with men would also rid the ride-hailing giant of liability for potentially hundreds ...
The Latest Launches From BHSI, The Hartford and AIR Worldwide/RenRe
The Hartford's new cyber liability product is designed to help businesses protect against cyber attacks in order to limit the damage to their bottom lines and reputation. Berkshire Hathaway Specialty ...
Terrorism Insurance Still a Stable Market Even as Threats Evolve: Marsh Report
Terrorism insurance markets should remain stable even as threats rise and the types of attacks have continued to evolve. That's thanks to a nimble and proactive industry, Marsh asserts in a new ...
Carriers Struck With Nearly $700M in Dog Bite Claims for 2017
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million. That's according to the Insurance ...