As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations and governance frameworks. The increasing alignment with international regulatory standards highlights the trend toward enhanced oversight of …
Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday. Switzerland’s largest multi-line insurer, with a combined market cap of …
Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,” will begin underwriting …
Japanese authorities ended all tsunami warnings after a powerful magnitude-7.5 quake struck off the coast of Aomori, in the northeast of the country, late on Monday. Waves as high as 70 cm (28 inches) were recorded in the region earlier, …
The message from the Florida Chamber of Commerce Insurance Summit was loud and clear: Don’t mess with legislative changes that have all but restored the state’s property insurance market. And while you’re at it, don’t repeal Florida’s personal injury protection …
The Trump administration’s proposal to roll back Biden-era vehicle fuel efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs for American car buyers. But any savings at the dealership will …
After seeing some of the frustration that insurance agents run into, the head of a well-known south Florida agency has launched a hybrid vehicle – part brokerage and part program manager. CSMV Underwriting Managers, based in Tamarac, near Fort Lauderdale, …
Receiving adequate digital updates is one of the top drivers of customer satisfaction with the digital insurance claims process, but insurers deliver on this key performance indicator just 22% of the time. Customer satisfaction surges when the claims process is …
The Trump administration said Saturday it will waive an $11 million fine imposed on Southwest Airlines as part of a $140 million settlement over the carrier’s meltdown in December 2022 during a busy holiday travel period. Southwest in December 2023 …
The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy sexual abuse. The …