The case is AIG Property Casualty Co. v. Green et al, U.S. District Court, District of Massachusetts, No. 15-30111. More than 50 women have accused Cosby of having subjected them to unwanted sexual abuse in incidents dating to the 1960s. Cosby, 79, must still defend himself in a Pennsylvania criminal… Continue Reading Judge Rules AIG Must Defend Bill Cosby in Defamation Claims

Fitch’s sector outlook for U.S. health insurance is negative, reflecting high acquisition-related financial leverage and, to a lesser extent, profitability concerns derived from health exchange-sourced membership. The ACA’s repeal will alleviate these profitability concerns but is unlikely to result in an outlook revision to stable in light of the significant… Continue Reading Fitch Assesses Election Impact on Health Insurance Market

Looking ahead to 2017, 21 percent of professionals see regulatory and rating agency changes as the biggest threat to plans for profitable growth. Seventeen percent of respondents are concerned about global economic and political uncertainty; 16 percent fear operational inefficiencies; and 10 percent are most concerned about catastrophe/non-cat losses. Thirty-eight… Continue Reading P/C Insurance Execs See Growth Coming from Technology Innovation, New Products

“Golf carts raise questions about safety, but they’re obviously popular,” she said. “So we need to be thinking about how to make it safer to use them on our streets.” Lynott said state and local officials need to enact golf cart laws that protect the public. But they also need… Continue Reading What Happens When Golf Carts Hit the Streets

Kinsale Capital Group, Inc. is the holding company for Kinsale Insurance Company and is headquartered in Richmond, Va. Kinsale is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks. Coverage options are available for additional executive limits, crisis management response, derivative demand costs,… Continue Reading Kinsale Launches D&O Product for Private Companies/Organizations

The company also operates within the Lloyd’s insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the company and third party investors, that provide reinsurance for property catastrophe risks. Everest Reinsurance Company (Ireland), Limited provides reinsurance to non-life insurers in… Continue Reading Everest Insurance Expands Environmental Coverage

“It might be too little too late for 3DR,” said industry analyst Patrick Egan. “They aren’t the only company that is going to have problems.” And some industry experts are skeptical about 3D Robotics’ plan to upgrade a hobby-grade drone for commercial use. Alphabet Inc. has also pushed out managers… Continue Reading Drone Makers Shift to Commercial Uses as Consumer Market Crashes

The case is In RE Duke Energy Corporation Derivative Litigation, CA 7705, Delaware Chancery Court (Wilmington). The judge must give final approval to the tentative settlement of the so-called derivative suits. Investors don’t receive awards in such cases and the insurance payout from policies covering directors will go into the… Continue Reading Insurers to Fund $27 Million Duke Energy Accord Over Ouster of CEO

-With assistance from Sahil Kapur. Both of the features of the ACA that Trump said he favors are also included in House Speaker Paul Ryan’s health plan. Ryan’s plan is widely viewed as a road map to conservative ideas that could replace the Affordable Care Act. His transition website lays… Continue Reading Trump May Keep Key Affordable Care Act Provisions

Technology from Driveway Software, Verisk Insurance Solutions and others allows insurers to track mileage through a customer’s smartphone. Metromile subscribers get a hardware dongle that plugs into their car’s diagnostic port. Through this device Metromile tracks how many miles the subscriber drives. Metromile Chief Executive Officer Dan Preston has said… Continue Reading Online Seller CoverHound Adds Pay-per-Mile Insurer Metromile