News
10M Americans Will Be Affected by Climate Change by 2075: CBO Warning
Ten million Americans will be "substantially affected" by climate change by 2075, causing government disaster spending to jump, the Congressional Budget Office projected Thursday. But, instead of ...
First Commercial Carrier Approved in California to Sell Cannabis Insurance
Since last year, Californians are allowed to grow and possess marijuana. Now, the most populous U.S. state has taken another step to bolster the cannabis business by deciding to give insurance cover ...
The answer to an underwriting or claims question may already be in the file. Getting to it can mean opening...
InsurTech in Emerging Markets: Will China Win?
Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular—may be poised to outpace U.S. and European counterparts developing InsurTech innovations. ...
The Great Revival: The Return of Bad Faith Litigation in the United States (Part II)
The first part of this article discussed the history of bad faith and how, after a time, it became limited by courts under the reasonable basis or fairly debatable standard. Now, some recent cases ...
Commercial Insurance Reserve Charge, Hurricanes Drive $1.7B Loss for AIG’s Third Quarter
Highlighting the development as a "noteworthy item" in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before ...
Fidelis Launches First MGA Targeting Specialty Treaty XOL
Bermuda-based Fidelis Insurance announced on Wednesday that it has launched its first MGA, which will focus on niche specialty treaty excess of loss business. The MGA, to be known as Radius, will be ...
QBE NA Forms E&O Alliance with ARC’s Professional Risk Facilities
QBE North America announced a strategic program underwriting alliance with managing general agent Professional Risk Facilities (PRF) earlier this week, Through the alliance, QBE will offer coverage ...
Goji Names Breitstone CEO, Formerly Insureon VP
Goji, a technology-enabled personal lines insurance distribution platform, announced that Peter Breitstone, a former senior executive at Insureon, will become the InsurTech's new chief executive ...