Insurance Regulation
The Changing State of Flood Insurance in the U.S.
Catastrophic floods have been damaging homes for as long as people have had permanent dwellings. They can cause devastating losses to homeowners and businesses alike almost anywhere in the U.S., both ...
Most Insurers Both Ready for and Threatened by Solvency II
With only a few weeks left before Solvency II rules kick in on Jan. 1, most insurers are at least somewhat ready for the new minimum capital requirements, according to a new survey of executives from ...
PwC Board Survey: Majority of Large Insurers Have Risk Committees, CROs
Property/casualty insurance company senior executives aren't the only carrier leaders overwhelmed by multiple demands on their time. Members of P/C insurer boards of directors are similarly ...
Best, Worst States for Insurance Regulation
Vermont, Utah, Iowa, Virginia and Kentucky get an "A" and North Carolina an "F" in one think tank's annual grading of how states regulate the property/casualty insurance industry. The 2015 Insurance ...
19 Internal Capital Insurer Models Get BOE Nod for Solvency II Calculations
Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European ...
Warning to U.S. P/C Insurers: Be Ready for a Disruptive, Transformative 2016
U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand, and "heightened regulatory creep," EY said in a new ...
EC Finds Solvency II Equivalence for Bermuda
The Bermuda Monetary Authority (the Authority) and several international insurance organizations confirmed the European Commission's publication of a Delegated Act recognizing the equivalence of ...
The Growing Controversy Over Price Optimization in Insurance
The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are ...