Employers are mainly taking a wait and see approach before making major changes to how they offer employee benefits, and most say they still feel it is important to continue to offer benefits to their workers even if distribution and delivery methods change, a recent survey reveals.
Expect the House Financial Services Committee to vote on TRIA-extension legislation this month, but the version that comes out of the committee will not likely be what ultimately passes Congress.
The New York DFS says Rhode Island-based Narragansett Bay Insurance Company will pay a $327,400 penalty due to adjuster-inspection delays on Superstorm Sandy claims. NBIC says it accepts the penalty, but disagrees with the DFS' findings.
Insurers appear to have reported a year-over-year Q1 decline in earningsand decelerating pricing across most lines, an inflow of third-party capital, reserve risks and volatile weather are creating a turning point for the property & casualty industry, according to recent reports.
A DOT report says minimum liability limits for motor carriers are insufficient to cover the costs of rare but catastrophic crashes. What would raising the minimum limits do to pricing and claims activity for commercial motor vehicle risks?
2013 was an active year for cyber breaches, and interest in insurance is rising. But insurers worry that a mega-breach impacting multiple clients may be just around the corner.
An over-reliance on models led to problems in the mortgage industry. What lessons can insurers take as Big Data and analytics become key components of underwriting risks?
Increased earthquake activity in some regions has officials looking into whether processes related to fracking might be to blame. What would the insurance implications be if a conclusive link is shown?
