Insurance Regulation
Insurers Could Spend $20B to Implement New International Financial Reporting Standard: WTW Survey
Global insurers face a hefty price tag to implement a new international financial reporting standard, according to a new Willis Towers Watson survey. The global insurance industry will spend between ...
Plaintiffs Dig to Unearth Old ISO Documents to Back COVID BI Claims
Plaintiffs attorneys are looking deep into the weeds for evidence to support claims for business income lost because of COVID-19 public safety orders. Lawyers for footwear wholesaler Marc Fisher LLC ...
Florida’s Latest Property Insurance Reform: Too Little, Too Late?
A bill passed by the Florida Legislature to address the state's property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to ...
Is Loop the Future of Automobile Insurance?
The annual ATECH Conference in Aruba is promoted as, "Where Tech, Innovation, and Creativity Meet to Become the Future." At the 2015 conference, two young tech entrepreneurs, Carey Anne Nadeau and ...
Reinstated: Actuarial Ratemaking Principles Are Back!
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them late last year ...
Feds Could Step in to Fix Racial Bias in Insurance Pricing
If the National Association of Insurance Commissioners doesn't act this year to correct systemic racial bias in insurance ratemaking and other processes, Congress may pass anti-discrimination laws ...
Lemonade CEO: Why Regulators Need to Engineer Equity in Insurance Prices
It takes a one-two punch to make insurance fair. I've previously argued that AI can vanquish bias in insurance, and so it can. But while machine learning can help ensure equality, it cannot ensure ...
U.S. Regulators Are Close to Creating Pet Insurance Legal Standards
U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not ...