News
Lockton Partners with Cyber Risk Firm on Executive-Level Assessment Service
Dynetics, a provider of technology products, and the Washington, D.C. operations of Lockton Companies, have formed an alliance to provide Lockton clients direct access to QuickLook, an ...
What State Insurance Regulators Say About Cybersecurity
In April, the Cybersecurity Task Force of the National Association of Insurance Commissioners adopted "Principles for Effective Cybersecurity: Insurance Regulatory Guidance," derived from similar ...
BP Drops Fight Over $750M Deepwater Horizon Insurance
BP Plc won't seek to access Transocean Ltd.'s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. ...
Moody’s Says FASB’s Reserve Disclosure Update is a Plus for Credit Analysis; IFRS Differences Remain
In a Credit Outlook report published earlier this week, an analyst from Moody's Investors Service described an updated accounting standard related to property/casualty insurance loss reserves as a ...
ECB Warns of Record Low Interest Rate Threat to Insurers
The European Central Bank (ECB) said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could ...
Rideshare Apps Slug It Out vs. Each Other, Taxis and World in New York
Uber and Lyft are among the tech companies pushing back at proposed rules by New York City's Taxi and Limousine Commission to regulate car service apps. Uber says the rules break federal law because ...
Farmers Rolls Out Broad Ridesharing Endorsement for California
Farmers Insurance will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California ...
Low Interest Rates ‘Quite Harmful’ to Insurers: Blackrock CEO
Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc. Chairman and ...