Progressive Corp. has announced a major policy shift that will penalize poor drivers instead of just rewarding good drivers as part of its revolutionary driver electronic monitoring program, according to a March 26, 2015, article on the Claims Journal website.
In a recent article published on the Intelligent Insurer website, the CEO of Aon Benfield Securities speculates that the recent mergers and acquisitions trend among the insurance and reinsurance industry will inevitably carry over to the exploding fields of insurance-linked securities (ILS).
Intelligence committees in the U.S. House and Senate have each advanced similar bills aimed at encouraging businesses and the federal government to share information on known cyberthreats.
Tom Cifelli of Captive Experts, LLC, recently published this article of best practices for captive management. Mr. Cifelli outlines initial documentation and feasibility studies, followed by governance, communication, operations, and regulatory practices.
Three recent articles exemplify the state of the cyberliability line of coverage. In its nascent evolution, there exists an enormous amount of uncertainty, but therein lies the need for risk transfer contracts. Additionally, insurance veterans and company owners are terribly ill equipped to even understand the risk, let alone grapple with responsible and reasonable underwriting. Our interconnected digital world makes communication and education ubiquitous but allows the malevolent to wreak havoc across millions of people’s lives and businesses.
Towers Watson (TW) recently released the results of its Predictive Modeling Survey, which shows an increased but still inconsistent use of predictive modeling across the property and casualty insurance industry.
National Association of Insurance Commissioners (NAIC) committee leaders have issued a clarification related to a proposed new Preamble to the Part A: Laws and Regulations accreditation standards.
A bill that, if passed, would change some restrictions for establishing a captive in Vermont is progressing through the state's legislative process.
Captive and self-insurance pool boards, executives, and managers can attest to the complexity of the reinsurer relationships and the impact those relationships have on their governance and operations of their captive. A recent Connecticut Insurance Law Journal article analyzes reinsurer-public entity pool relationships through empirical research.