The recent financial crisis and its cascading effects on the global economy have drawn increased attention to the regulation of financial institutions including insurance companies. While many ...
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What You Might Need to Know About “Subrogation” in Insurance
Learn about subrogation in insurance: definition, principles, types, phases, and roles. Discover how it impacts claims, risk ...
On August 14, 2020, the National Association of Insurance Commissioners (NAIC) adopted a set of principles that will guide the work of insurers and entities, including data providers, that play an ...
Cybersecurity insurance is a new insurance industry product that reflects the havoc wreaked by hacks, data breaches and phishing attempts, which have become bolder because cybersecurity extorting ...
As noted in our 2021 post on the draft version, the Principles supplement the 2018 Fair Treatment of Customers Guidance (“FTC Guidance”) of CISRO and the Canadian Council of Insurance Regulators and ...
Along with the winds, rain, and storm surges of Hurricane Katrina came a cacophony of voices urging Congress to adopt a catastrophic hurricane fund (CAT fund). A CAT fund, like the bankrupt and highly ...
NEW YORK (July 6, 2017) – Peter J. Strauss, founder of The Strauss Law Firm and Hamilton Captive Management, today announced the publication of The Business Owner’s Definitive Guide to Captive ...
In his 2015 letter, Warren Buffett warned Berkshire Hathaway shareholders that prospects for the reinsurance industry had dimmed. However, as this week's $1.5 billion deal with The Hartford ...
Washington, D.C. — The effects of climate change are already being broadly felt by U.S. insurance markets, consumers, and the financial system. A new Center for American Progress column outlines four ...
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best became a signatory of the United Nations Environment Programme’s (UNEP) FI Principles for Sustainable Insurance (PSI). AM Best believes the insurance industry ...
Image source: The Motley Fool. In his 2015 shareholder letter, Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett warned that "[i]t's a good bet that [insurance] industry results ...
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