Japan’s financial regulator plans to set up a division to oversee the asset management and insurance…
Tag: insurers
Bank of America Says Autonomous Vehicles Can Boost Insurers’ Profitability
The shift to autonomous vehicles represents a great unknown for the auto insurance industry, but to…
Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity
Georgia’s insurance commissioner announced plans to fine 22 health insurers a total of $20 million for…
California’s new take on wildfire loss models, and what this means for property insurers
The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance…
Nigeria Gives Insurers a Year to Boost Capital Fivefold
Nigeria increased capital requirements for insurance businesses fivefold and gave operators a year to comply or…
5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B
“Are you being serious?” Christopher Swift, chair and chief executive officer of The Hartford, was taken…
Insurers Can’t Ask Punitive Damages in Marine Cargo Contract Dispute
Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a…
3 Ways for Insurers to Spread Catastrophe Risk Literacy to Homeowners, Minimal Lift Required
This post is part of a series sponsored by Cotality. Homeownership has long been synonymous with…
Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best
Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures…
Trenton Diocese Withdraws Lawsuit Against Insurers Over Sex Abuse Coverage
The Roman Catholic Diocese of Trenton, New Jersey has voluntarily withdrawn its lawsuit against four liability…