Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re March 22, 2016 By L.S. Howard The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power...
Shipping Industry Had Safest Year in a Decade in 2015: Allianz Report March 22, 2016 The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk March 21, 2016 By Andrew G. Simpson If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a...
Why Ridesharing Won’t Hurt Car Sales March 21, 2016 Car sharing usage will significantly increase, particularly in urban areas among young residents, however most consumers will still opt to...
‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study March 21, 2016 By Eddie Buckle Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs...
Insurance Rates for Architects, Engineers Not Going Anywhere March 18, 2016 After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A...
Automatic Braking, Due by 2022 in U.S. Cars, Could Prevent 20% of All Crashes March 17, 2016 By David Shepardson Major automakers will announce Thursday they have agreed to install automatic emergency braking systems in nearly all U.S. vehicles by...
NFL Acknowledges Head Trauma Disease CTE Link for First Time March 16, 2016 An NFL official has acknowledged a link between football and the brain disease CTE for the first time. Jeff Miller,...
P/C Insurers’ Operating Earnings Fell 7.2% in 2015: Fitch March 16, 2016 U.S. property/casualty insurers’ operating earnings decreased in 2015, highlighting the competitive operating environment and low investment yields that challenge insurers’...
Survey Shows Many Americans Fine with Lying to the IRS, or Their Insurer March 15, 2016 By Don Jergler Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at...