Making the Economics of Telematics Work for Insurers May 19, 2014 By Casualty Actuarial Society The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile...
NCAA Athletes Drop Image-Use Damages Claim, Pursue Future Earnings May 19, 2014 By Karen Gullo Ex-National Collegiate Athletic Association players suing to gain a share of the $800 million of annual broadcast revenue reaped by...
Experts Fear Major Attack Only Way to Stir Corporate Action on Cyber Security May 19, 2014 By Alina Selyukh and Jim Finkle After warning for years that the U.S. electric grid and other critical infrastructure are dangerously vulnerable to hacking, security experts...
Insurer’s Climate Change Class Actions: More to Come? May 19, 2014 By Mica Rosenberg A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding...
Ratings Recap: Penn National, MGA, MAPFRE USA May 19, 2014 A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of...
Judge Grants Dow Jones Injunction Against ‘Hot News’ User of Its Content May 16, 2014 By Jonathan Stempel Dow Jones & Co has won a court order to stop the London-based service Ransquawk from broadcasting its news content...
Lower Cat Losses Helped Home Insurers to First Profit Since 2007: SNL May 16, 2014 The U.S. homeowners insurance industry benefited from lower catastrophe activity in 2013 and became profitable for the first time since...
Actuaries Grapple with Insurance Questions on Self-Driving Cars May 16, 2014 By Casualty Actuarial Society The car of the future is pictured in an imagined scene in a 1950s science magazine. The illustration depicts a...
Carmakers, Regulators Looking Into Flaws in Air Bag Technology May 16, 2014 By Jeff Green, Jeff Plungis and Patrick G. Lee When Ford Motor Co. recalled 600,000 sport-utility vehicles last week, it became the fourth carmaker this year to acknowledge an...
Sansone Named President of XL Group’s North America Property Business May 15, 2014 XL Group has named Michele Sansone as president of its North America property insurance business and head of its global...