U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord June 6, 2017 By Andrew G. Simpson The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence...
Hamilton Re Raises $65M to Fund Special Purpose Vehicle Turing Re June 6, 2017 By Andrew G. Simpson Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle, Turing Re Ltd., which...
Inland Marine Underwriters Association Elects Leadership June 5, 2017 By Andrew G. Simpson The Inland Marine Underwriters Association (IMUA) has approved its 2017 slate of officers, with William Rosa, XL Catlin Re, being...
U.S. Appeals Court Upholds Dismissal of Zoloft Lawsuits Against Pfizer June 5, 2017 By Andrew G. Simpson The Third U.S. Circuit Court of Appeals in Philadelphia upheld a lower court’s dismissal last year of more than 300...
Study: Expected Increase in Tornadoes Raises Risk to Mobile Homes June 5, 2017 By Andrew G. Simpson Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential...
Here’s What the House Has in Mind for Revamping Flood Insurance Program May 26, 2017 By Andrew G. Simpson A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years...
Insurance Groups Welcome Delay in Liability Insurance Law Restatement May 24, 2017 By Andrew G. Simpson Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of...
Toyota, MIT Lab Eye Using Blockchain in Insurance Rating of Driverless and Shared Vehicles May 23, 2017 By Andrew G. Simpson The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless...
WannaCry Attack Could Be Opportunity for Cautious Insurance Industry: A.M. Best May 23, 2017 By Andrew G. Simpson According to a rating agency A.M. Best, the the recent WannaCry ransomware attack could be a benefit to the insurance...
Update: Insurers Sound Alarm Over Liability Law Restatement; Vote Delayed May 22, 2017 By Andrew G. Simpson Liability insurers, their lawyers and their regulators are holding their collective breath that a scheduled vote this week on a...