Recent high-profile incidents have shown the financial profile of a major cyber event can look much more like a catastrophe… Related Stories Meeting Japan’s offshore wind ambitions Gauging the fallout of tariffs on the cargo market Insurers must work together to lead on ethical AI
A well-structured cyber policy is an essential component of operational resilience Read More »
OPEC+ set to hold oil output policy steady, sources say
OPEC+ set to hold oil output policy steady, sources say Read More »
There has been a lot of discussion about the lawsuit filed by stock car racing driver Kyle Busch against Pacific Life Insurance Company regarding the millions of dollars in premiums Pacific charged for its indexed universal life policies. Filed in Lincoln County, N.C. state court, where Busch lives, the complaint accuses Pacific and its appointed
Kyle Busch Lawsuit Exposes IUL Policy Pitfalls Read More »
Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved homeowners insurance market in California, according to the carrier. Farmers homeowners offerings had been capped
Farmers Eliminating Homeowners Insurance Policy Cap in California Read More »
Written words have an intended meaning. Fair-minded readers try to grasp that meaning. But other readers impute motives to the writer either to serve their own ends or to protect the writer from unforeseen consequences. Once, early in my career, I met with an insured and his attorney to prepare for the insured’s deposition in
Sins of Policy Interpretation. A Call to Repentance Read More »
Exclusive-Australia’s central bank debates if monetary policy is restrictive, deputy governor says
The Missouri Department of Commerce and Insurance (DCI) sent a bulletin telling insurers that they should avoid non-renewals and cancellations for master policies issued to condominiums that experienced damage from severe storms this year. DCI sent out the addendum on Nov. 4 after it received multiple complaints indicating that condominium complexes throughout the state have
Missouri DCI Tells Insurers to Halt Condo Policy Cancellations Read More »
The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with the state insurance commissioner. The Rate Bureau, representing insurance carriers in the state, has recommended hefty rate increases over the last few years in
North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years Read More »
North Korea's Kim says country to present nuclear policy in upcoming party meeting
North Korea's Kim says country to present nuclear policy in upcoming party meeting Read More »
US family physician group recommends COVID-19 vaccines, contrasting federal policy
US family physician group recommends COVID-19 vaccines, contrasting federal policy Read More »