Regulation & Compliance
Insurer Group Says Proposed California Regs Could Ax Discounts for Millions
The American Property Casualty Insurance Association testified in opposition to draft regulations they say could eliminate many affinity group insurance discount programs during a pre-notice workshop ...
European Carriers May Need More Protection for Policyholders if Insolvency Happens: EU
Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer ...
Drivers Display Effects of Recreational Pot Even When Not Intoxicated by It: Harvard Study
Recreational cannabis use affects driving ability even when drivers are not intoxicated by marijuana, according to a study from a Harvard Medical School hospital. Published in the Drug and Alcohol ...
What Insurance Executives Should Know about AM Best’s Innovation Assessments
In August 2018, AM Best surveyed its universe of rated entities to gauge where the insurance industry stands as a whole with regard to innovation. Although we received a wide range of responses to ...
Dowling Highlights Regulatory Battle Over AI Bias; Lemonade Ready
As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into "one of the biggest topics of the next 10 years," a ...
Kemper’s 2018 Infinity Acquisition Helps Lead to Fitch Ratings Upgrade
Kemper Corp.'s 2018 acquisition of specialty auto insurer Infinity Property and Casualty Corp. continues to reap dividends, this time in the form of a Fitch Ratings upgrade. Fitch said it upgraded ...
Ongoing Improvement, Empowerment Help Create an Outstanding Customer Service Culture
Great leaders seeking to develop outstanding customer service at their companies can get there by committing to an office culture that celebrates ongoing improvement and empowered employees. A recent ...
Property/Casualty Insurance Outlooks: What Experts Say to Expect in 2020
What does the year have in store for property/casualty insurers? There have been a lot of predictions published since late last year, with most forecasters commenting on insurance market conditions, ...