House Rejects Farm Bill May 18, 2018 By Amanda Becker and Susan Cornwell The U.S. House of Representatives rejected a sweeping $867 billion farm bill on Friday after Republican leaders failed to appease...
S&P Affirms Ratings for AIG with Negative Outlook May 18, 2018 S&P Global Ratings has affirmed its ‘A+’ insurer financial strength rating and ‘BBB+’ long- and ‘A-2’ short-term issuer credit ratings...
EPA Wants to Rescind Obama Chemical Plant Regulations May 18, 2018 By Valerie Volcovici The U.S. Environmental Protection Agency took steps on Thursday to roll back and delay Obama-era rules aimed at improving safety...
Insurers Urge Focus on Safety and Data Sharing in Autonomous Vehicles May 18, 2018 While automated driving systems hold great promise to save lives and reduce crashes, the focus must remain on validating the...
Fitch Sees Small Profit But Still Negative on U.S. Commercial Lines Outlook May 18, 2018 After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe...
After Tax Cuts, Insurers Shy Away from Muni-Bonds May 18, 2018 By Katherine Chiglinsky, Romy Varghese and Brian Louis Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut...
Investor Icahn Opposes AmTrust Plan to Go Private May 17, 2018 By Scott Deveau and Katherine Chiglinsky AmTrust Financial Services Inc. jumped almost 12 percent in late trading Thursday after billionaire Carl Icahn disclosed a stake in...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry May 17, 2018 By Zachary Lerner and Alexandra Cavaliere Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to...
MGA Boost Provides Insurtechs with Insurer Access, Backend Operations May 17, 2018 By Mark Hollmer Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B insurtech development platform. Nephila is leading...
Commercial Auto Insurers Catching Up with Telematics May 17, 2018 By Denise Johnson Though adopted early by personal lines insurers, telematics technology is just coming into its own in the commercial auto space....