Regulation & Compliance
PCI Annual Meeting: Regulators Sound Off on InsurTech, Driverless Vehicles and More
Insurance regulators from Florida, South Carolina and Tennessee assert that they're working well with innovators seeking to bring InsurTech into company operations and customer interactions. "There ...
An Upgrade for ICW Group: A.M. Best Issues an “A” Financial Strength Rating
ICW Group Insurance Companies now has an "A" financial strength rating from A.M. Best, an upgrade that stems from a stronger balance sheet and healthy performance. ICW Group encompasses property, ...
Don’t Worry? EU, UK Regulators Will Cooperate to Aid Smooth Brexit
European Union regulators have recognized the need to cooperate with their UK counterparts to avoid disorderly markets if no agreement is reached on the terms of the UK's departure from the EU, ...
S&P Ratings Outlook Improves for Berkshire Hathaway Insurance Subsidiaries
Berkshire Hathaway's insurance subsidiaries are the beneficiaries of an improved ratings outlook from Standard & Poor's Global Ratings. S&P said it revised its outlook to stable from negative ...
Congratulations! You’re Innovating In A Highly Regulated Industry
What's in a name? A recent startup proclaims: "[Company name] Insurance is a [line of business] insurance company that provides [line of business] coverage to small businesses through a simple online ...
In a Soft Market, Munich Re Regains Top Reinsurer Spot: A.M. Best 2017 Ranking
Munich Re is once again the world's largest reinsurer after losing the top spot in 2017 to rival Swiss Re, according to A.M. Best's new market segment report. A.M. Best made its assessment based on ...
Major Cyber Event Could Produce Significant Losses for Some Major Carriers: A.M. Best
Three of the top 20 cyber insurance providers could face "meaningful to significant gross losses" from a single-event cyber catastrophe, according to an A.M. Best report based on modeling conducted ...
With No Clarity on Trade Deal, UK Insurers Speed Brexit Plans: A.M. Best
In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business ...