How Predictive Modeling Has Revolutionized Insurance June 18, 2012 The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to...
Best Affirms Aioi Nissay Dowa and Subs Ratings; Outlook Stable June 18, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of...
Best Affirms General Reinsurance Corp’s ‘A++’ Ratings; Outlook Stable June 18, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+”...
Willis Re Reports on Impact of ‘RMS v11’ European Windstorm Model Changes June 18, 2012 A report from Willis Re notes that “UK insurers may see increases of up to 97 percent in their capital...
Oil Market Shrugs at Imminent Iran Tanker Insurance Ban June 18, 2012 In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95...
Greek Pro-bailout Parties Look to Forge Coalition June 18, 2012 By Dina Kyriakidou Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved...
Economic Crisis Challenges Harmonization of U.S. Regulations, EU’s Solvency II June 18, 2012 By Charles E. Boyle The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to...
Facebook Outlines Defense in Messy IPO Case June 18, 2012 By Basil Katz and Edwin Chan Facebook Inc., facing a raft of lawsuits from investors seeking to recoup losses from its botched IPO, laid out on...
ACE Expands Data Breach Team for Privacy Protection Policies June 18, 2012 ACE USA, the U.S.-based retail operating division of the ACE Group, has added five new member firms to its ACE...
State Farm to Hire 500 for Operations Center in Atlanta June 18, 2012 Georgia Gov. Nathan Deal announced that Georgia’s largest writer of homeowners policies will bring 500 jobs to a new operations...