U.S.
Stable Outlook for Private Passenger Auto in 2019: A.M. Best
Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment ...
Equifax Breach Stemmed From Lack of Modern Tech Security Despite Aggressive Growth
Equifax Inc. failed to modernize its technology security to match the company's aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Big Coal Wants Taxpayers to Cover Costs of Anti-Pollution Technology
Some of the world's biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world's biggest oil, natural gas and mining companies are stepping up their ...
State Farm Testing Blockchain Tech for Auto Claims-Related Subrogation
State Farm said it is testing a blockchain product for auto claims-related subrogation. Subrogation is typically the last part of an insurance claims process, where one insurance company recovers ...
BHSI Pulls Out of Hong Kong Employees’ Compensation Terrorism Pool
Berkshire Hathaway Specialty Insurance Co. disclosed it has withdrawn from the Hong Kong Employees' Compensation (EC) terrorism pool. BHSI claims to now be the first insurer in Hong Kong to provide ...
A.M. Best Keeps Stable Outlook for U.S. Commercial Lines, Despite Pricing Pressure Worries
The U.S. commercial lines segment gets to keep its A.M. Best stable outlook, based on a variety of market conditions and government actions that have left it in mostly solid shape. Healthy ...
Brexit Vote Delayed So May Can Avoid Defeat, Seek Better Deal With EU
U.K. Prime Minister Theresa May is calling off a crucial vote in Parliament on whether to approve her Brexit deal and will head back to Brussels to seek a better offer from the European Union. May ...
Insuring Collectibles: Tales About the Super Rich, Whisky Insurance, and More
With prices of rare whisky soaring into the six and seven digits, ensuring that precious spirit is protected is not only recommended but essential, says Ron Fiamma, head of global collections at ...