Regulation & Compliance
Executive Viewpoint: Ethical AI and Data Transparency in Insurance
As environmental, governance and social (ESG) concerns permeate corporate agendas, businesses of all types need to be especially sensitive about how they use customer data. Insurance companies are ...
Climate Change Impact: 40% Chance of ‘100-Year Storms’ Over 20-Year Span
While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but ardent deniers, even insurers and reinsurers may not fully appreciate all the ...
Florida Policies in Limbo Over Proposed Insolvency Surcharge
The Florida Insurance Guaranty Association is urging insurers to hold off on sending homeowners policy renewals until state regulators decide if they will approve a surcharge on premiums to help ...
James River Unloads Rideshare Reserves To Uber Captive
Late last week, James River Group Holdings, Ltd. announced that two of its principal operating subsidiaries entered into a loss portfolio transfer reinsurance transaction with a wholly owned captive ...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public
Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue ...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public
Sept 24 (Reuters) - Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing ...
EU Eases Insurance Rules With $141 Billion Economic Boost
The European Union proposed changing the bloc's capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals ...
Moody’s Closes $2B Acquisition of Cat Modeler RMS
Moody's Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021. ...