The U.S. Environmental Protection Agency took steps on Thursday to roll back and delay Obama-era rules aimed at improving safety at chemical plants, which had come in response to a 2013 explosion at a fertilizer plant in Texas that killed …
While automated driving systems hold great promise to save lives and reduce crashes, the focus must remain on validating the safety of the technology every step of the way, according to the National Association of Mutual Insurance Companies (NAMIC). Fundamental …
After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new report. Still, Fitch is maintaining a negative sector …
Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut took effect this year, marking a retreat by a key buyer in the $3.9 trillion municipal-securities market. The disclosures, made …
AmTrust Financial Services Inc. jumped almost 12 percent in late trading Thursday after billionaire Carl Icahn disclosed a stake in the company and said he planned to oppose its plans to go private. “I am strongly against the proposed going-private …
Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection between disruptive technology and traditional insurance products …
Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B insurtech development platform. Nephila is leading the facility with participation from Markel Digital, the insurtech group within Markel Corp., and RenaissanceRe Holdings, Ltd. New York-based Boost …
Though adopted early by personal lines insurers, telematics technology is just coming into its own in the commercial auto space. According to Zach Schmiesing, director, Commercial Lines, IoT/Telematics at Verisk Analytics, commercial insurers are examining the differences in commercial driving …
As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd’s of London CEO Inga Beale has a message for regulators who oversee them: “Try and keep up.” Beale, speaking May 14 during a panel discussion …
How good are the social media platform’s most active users at detecting falsehoods on Twitter, especially during public emergencies? Not good, according to new University at Buffalo research that examined more than 20,000 tweets during Hurricane Sandy and the Boston …
