U.S.
Third Point Re Says It’s a Real Insurer as IRS Eyes Tax Rule
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it's more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore ...
More States Eye Use of Drug Formularies in Workers Comp
While workers compensation pharmacy benefit managers have been utilizing drug formularies to control prescription drug costs and monitor medical treatments for a long time, states are now catching ...
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
Executives On The Move at Progressive, Hamilton, QBE and Arbella
We have a number of executive changes and board appointments to tell you about at Progressive, Hamilton Insurance Group, QBE North America and Arbella Insurance Group. Progressive said it has made a ...
Insurers Face More FEMA Oversight After Sandy Claims Allegations
Federal disaster relief officials are keeping a closer eye on companies that help it provide flood insurance, following allegations by Hurricane Sandy victims that claims were denied or underpaid ...
Willis Group Brings Custom Insurance Arm to North America, U.K.
Willis Group Holdings said it is taking its affinity or custom insurance business global, with expansion into markets including North America and the U.K. The global risk advisor, insurance and ...
Ridesharing Insurance Legislation Advances in Georgia
A major property/casualty insurance trade group is lauding Georgia legislators' action on a bill mandating insurance coverage for ridesharing companies that covers an existing gap, mirroring similar ...
Making Renters Insurance Something Millennials Can Tweet About
One of the hottest markets in insurance right now is renters insurance. While only 31 percent of renters currently have insurance, the industry is expecting big changes to happen shortly. According ...