Regulation & Compliance
InsurTech Profile: AgentSync Co-Founders on the Cost of Resisting Change
Niji Sabharwal, CEO and co-founder of insurance compliance software provider AgentSync, has a message for insurers who worry InsurTech is causing too much disruption in the industry. "People often ...
AM Best Downgrades California Earthquake Authority Credit Ratings
AM Best downgraded the Financial Strength Rating of California Earthquake Authority to "B++" (Good) from "A-" (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" (Good) from "a-" ...
Recession Early Warning: More Misleading Earnings Reports
In the United States, publicly traded companies are required to report their recent financial performance, whether good or bad, to the public. The accuracy of these reports is critical for investors, ...
U.S. FCC Proposes Additional Spectrum for Drone Communications
The U.S. Federal Communications Commission (FCC) on Wednesday proposed new rules to make licensed radio spectrum in the 5 GHz band for the rising number of unmanned aircraft systems, or drones, in ...
What to Expect: 2022 Combined Ratio Near 102; Stable or Better 2023
In a report published in early December, Fitch Ratings said a modestly improving earnings picture in coming months points to a "neutral" sector outlook for U.S. property/casualty insurers—and over ...
Florida Relief Not Immediate: AM Best
Insurance reforms passed in Florida's most-recent legislative special session will lead to much-needed relief to the state's homeowners market, but the impact won't be immediate, AM Best analysts ...
Is the Broken Florida Homeowners Insurance Market Finally Fixed?
Between 2017 and 2022, 11 property and casualty insurers writing mainly homeowners insurance in Florida, where they were domiciled, were declared insolvent and placed in liquidation. This does not ...
Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves
The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good. At least 80 special-purpose acquisition ...