By: James Guanciale, Esq. For the past week, the global markets have been rocked by the White House’s April 2nd announcement of universally-applied, 10% tariffs, which went into effect on April 5th. The April 2nd...
By Michael Billmeier, Partner On April 23, 2024, the Federal Trade Commission adopted a Final Rule banning employers from imposing non-compete clauses on their employees. The restrictions will be effective 120 days after the...
The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits from...
The American Insurance Association and the Property Casualty Insurers Association of America are in talks to merge their organizations into one trade association. The boards of the Washington-based AIA and Chicago-based PCI...
Ride-sharing passengers will be able to buy accident and death coverage in smartphone app. Chubb Ltd. has teamed with a technology startup to sell insurance to passengers of ride-hailing services like Uber Technologies Inc....
The Federal Reserve hikes interest rates by a quarter-point and signals two additional hikes this year and three in 2019. Winner: The insurance industry. After many years of a near-zero Federal Funds Rate, the lid is off and...
The federal government, seeking to protect itself from the growing cost of natural disasters, is borrowing a technique from the private sector and buying reinsurance. The Federal Emergency Management Agency, which started...
Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the newly growing area of non-physical threats? Panelists at the 2018 PLUS Cyber Symposium,...
U.S. commercial insurance prices increased modestly in the first quarter, according to a Willis Towers Watson P.L.C. report released on Monday. The broker’s Commercial Lines Insurance Pricing Survey compared prices charged...
Many insurers and reinsurers are facing some earnings volatility in 2018 due to a change in accounting requirements for equity securities, Fitch Ratings said in new market commentary. According to Fitch, companies with...