Increasing Competition, Flat Exposures Put Drag on Surplus Lines: A.M. Best September 5, 2017 For a second consecutive year, underwriters of surplus lines insurance in the United States generated just modest growth in direct...
Pre-Monte Carlo Outlook: Reinsurance Rates to Drop Up to 7.5% Despite Harvey September 5, 2017 By Carolyn Cohn Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition,...
AGCS Expands Terrorism, Political Violence Coverage for U.S. Businesses September 5, 2017 Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has launched coverage for U.S. businesses when faced with...
XL Innovate Backs Construction Risk Management Platform Pillar September 5, 2017 Pillar Technologies, which uses sensors to capture and distribute risk data on construction sites in real time, has secured $2.75...
Why Federal Flood Program Is Sinking Deeper Into Debt: CBO Report September 5, 2017 By Andrew G. Simpson The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no...
Southern U.S., Caribbean Islands Brace for Hurricane Irma September 4, 2017 By Alana Wise Hurricane Irma, barreling toward the Caribbean and the southern United States, was upgraded to a powerful Category 4 storm on...
Judge Throws Out Obama Rule Hiking Overtime Pay September 1, 2017 By Daniel Wiessner A federal judge in Texas on Thursday struck down an Obama administration rule that would have extended mandatory overtime pay...
Chubb Broadens Cyber Enterprise Risk Management Products September 1, 2017 Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two...
House to Vote Next Week on Bill to Speed Autonomous Vehicles September 1, 2017 By David Shepardson The U.S. House of Representatives will vote Wednesday on a sweeping proposal to speed the deployment of self-driving cars without...
Ford Working on Self-Driving Technology for Pizza Delivery to Larger Trucks September 1, 2017 By Paul Lienert Ford Motor Co. is considering deploying self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to...