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The World Insurance Report 2019, published today by Capgemini and Efma, reveals that policyholders are increasingly concerned that their insurance coverage has become insufficient for emerging risks such as cybersecurity to environmental threats
Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed.
A health benefits insurance company is the subject of a Congressional investigation for allegedly selling “junk” plans that discriminate against consumers. The House Committee on Energy and Commerce is probing the “short-term, limited-duration” (STLD) insurance policies sold or brokered by Independence Holding Co.
British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit.
According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017.
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