News
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...
HSBC Will Reimburse Turkey Customers Hurt by Cyber Attack
HSBC Holdings Plc's Turkish unit said it will reimburse customers if a cyber-attack that caused the leak of 2.7 million people's data leads to fraud. While the information "isn't sensitive enough to ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Driverless Cars Will Have the Most Impact in Cutting Accident Rates
As millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device—using sensors, radar, cameras and lasers to prevent collisions in the ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...
East Coast Hurricanes Can Flood the Midwest: University Research
Located hundreds of miles inland from the nearest ocean, the Midwest is unaffected by North Atlantic hurricanes. Or is it? With the Nov. 30 end of the 2014 hurricane season just weeks away, a ...
Aquiline Grabs Piece of Reinsurance Intermediary Beach & Associates
Beach & Associates, an independent specialty reinsurance intermediary, has a new majority investor: Aquiline Capital Partners. The New York-based private equity firm disclosed it snatched up a ...
New York’s Utica Mutual Names Creedon as Next CEO
Utica Mutual Insurance Company in New Hartford, New York, announced that at a meeting of the board of directors on Nov. 6, the board approved the nomination of Richard Creedon as the next chief ...
PCI Recap: QBE NA CEO Sets Record Straight on Middle-Market Biz
The middle-market segment is a valuable component of the business of QBE North America, the chief executive officer said during a recent interview, putting to rest rumors that the segment is up for ...