News
Texas Insurers Disappointed in Hail Claims Bill Failure
With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in ...Markel Names Clancy Chief Operating Officer for Claims
Markel Corp. has named Mike Clancy as Chief Operating Officer, Markel Claims. In Clancy's new position, he will be based in Richmond, Virginia and report to Nick Conca, Chief Claims Officer. Clancy ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Lloyd’s Chief Beale, Other Leaders Offer Views on Possibility of Britain EU Exit
Prime Minister David Cameron has pledged to renegotiate Britain's ties with Europe and then give voters a referendum on European Union membership by the end of 2017. Following are the views of ...
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 ...