Regulation & Compliance
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 ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
Carriers Struggle to Transform Innovation Efforts Into Results: AM Best
Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation ...
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 ...
One Year In: How Insurers Are Doing on AM Best Innovation Assessments
In early March 2020, AM Best released Scoring and Assessing Innovation, our formalized criteria for measuring a company's innovativeness. Within weeks of its official launch, this methodology was put ...
Insurers Reluctantly Will Abide by New Credit Scoring Ban
The American Property Casualty Insurance Association said its insurers will following the law where it concerns Washington Insurance Commissioner Mike Kreidler's emergency regulation banning the use ...
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
To A.M. Best, PURE Group Rates an A+
PURE Group, an insurer focused on the high-net-worth market, has seen it's AM Best financial strength rating upgraded to A+. The Superior rating is a change from its previous financial strength ...