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Today's Headlines May 24, 2019

You Are Going to Die

Although I am not a particularly religious person, I attended church services on Palm Sunday last month. After checking that my presence did not cause the church walls to tumble down, I returned Easter Sunday. In New York City, you have your choice of fabulous churches. My wife and I chose Fifth Avenue Presbyterian, on... read more

Federal Terrorism Reinsurance Program Is Keeping Market Stable: Marsh

The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is set to expire in Dec. 31, 2020. read more

 Brand Spotlight 
Ovum Decision Matrix: Selecting an IoT and Telematics Service Provider

Vehicle usage-based insurance (UBI) has seen significant growth over the last five years, both in terms of insurance carriers offering such products and its adoption by consumers. The success of UBI has elicited a proliferation of new service providers. How can you choose the best more

Bankrupt California Utility Allowed to Establish a $105M Wildfire Victim Fund

PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge overseeing the bankruptcy of the investor-owned power producer ruled on Wednesday. read more

TPAs Win 'Bad Faith' Ban in Iowa; Issue Remains Unsettled Elsewhere

A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains unsettled in much of the country. read more

Positive Progress for the Inland Marine Insurance Segment: A.M. Best

The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to $24.5 billion in 2018 from $13.3 billion in 2009, according to a new A.M. Best special report. read more

CFC Designs New Broker Platform for Its Cyber Insurance Products

Specialist Insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. read more

Experts: Uber, Lyft and Shared Owners Will Dominate Future Auto Sales

Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. read more

Flying Taxi Startups Are Coming to Asia, Based on European Tech

The world's first passenger-drone services may debut in Asia -- but the technology behind these flying taxis will be largely European. read more

Insurance Journal Weekly Top Picks: May 21, 2019

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