Tag: Insurance

Activity, Insurance

Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint

October 31, 2017

Via: Insurance Journal

For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the marketplace, not to protect competitors. Producers need to be able to […]

Activity, Insurance

ProSight Specialty Insurance Reports Excellent Third Quarter 2017 Financial Results

October 25, 2017

Via: PR Newswire

MORRISTOWN, N.J., Oct. 25, 2017 /PRNewswire/ — ProSight Specialty® Insurance, a leading differentiated specialty insurer, today reported financial results for the third quarter ended September 30, 2017. GAAP Year-to-Date Highlights Pre-tax profit for the US-Produced business improved by $30.1 million […]

Activity, Insurance

New York Finalizes Regulations to Crack Down on Title Insurance Industry

October 18, 2017

Via: Insurance Journal

The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the culmination of efforts by DFS to reform […]

Activity, Insurance, Products, Retail banking

High Cost, Scarcity of Insurance Keeping Vendors from Sears Shelves

August 28, 2017

Via: Insurance Journal

U.S. department store operator Sears Holdings Corp. is having trouble stocking shelves, as some vendors have fled while others are demanding stricter payment terms because of difficulties hedging against default risk. The strain in Sears’ supply chain is exacerbated by […]

Activity, Insurance

Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2

August 7, 2017

Via: Insurance Journal

Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad, manufacturing, energy and utilities businesses all reported increased […]

Activity, Channels, Insurance

8 Ways to Connect with Insurance Customers via Mobile

July 28, 2017

Via: Finextra

If you think connecting with your customers consists of simply emailing them new offers, or providing them with a mobile app, then think again. Getting insurance customers to download your app is a great beginning, but it’s not enough to […]

Activity, Insurance

Here’s What the House Has in Mind for Revamping Flood Insurance Program

May 26, 2017

Via: Insurance Journal

A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce reforms to put the NFIP on stronger financial footing; provide aid […]

Activity, Insurance

The Present Use and Promise of Blockchain in Insurance

May 16, 2017

Via: Insurance Journal

Twenty years ago, people who thought that the Internet would completely transform business processes would have been right, but they could also have lost a lot of money investing in “dot com” enterprises that failed. Organizations today find themselves in […]

Products, Retail banking

15 Dumb Mistakes People Make When Buying Insurance

May 16, 2017

Via: GOBankingRates

If you love to save money, you probably hate paying for insurance. After all, who wants to buy something you hope to never use? Still, the right insurance policy is often the only thing that stands between you and financial […]

Capital and risk, Credit

Bad Credit Can Make Home Insurance Even More Costly

May 12, 2017

Via: TheStreet

Your credit score can dictate whether or not you buy a home, but it can also determine the cost of insuring it. InsuranceQuotes and Quadrant Information Services have been sussing out the effect of credit scores on insurance for three […]