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The Death of Underwriting and Underwriters
Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also further advanced in many ways. For example, what if …

POSTED MARCH 23, 2018 4:33 PM
IAT Insurance Acquires Excess and Umbrella Business from Rockhill Insurance
IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group. Rockhill is a subsidiary of State Auto …

POSTED MARCH 23, 2018 4:22 PM
Liquidation Order Issued for Auto Insurer with More Than 42K Policies in Pennsylvania
A Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer that has 42,785 policies in Pennsylvania. This means Pennsylvanians that currently have auto insurance through Access Insurance will have no later than April 12 …

POSTED MARCH 23, 2018 4:18 PM
Hamilton Re’s Chief Underwriting Officer Lefebvre to Leave Company
Hamilton Re Ltd., the Bermuda platform for Hamilton Insurance Group, announced that Claude Lefebvre, chief underwriting officer, Partnerships & Casualty Reinsurance, will be leaving the company to pursue other interests. Lefebvre, who was a founding member of Hamilton Re, has …

POSTED MARCH 23, 2018 4:15 PM
Chinese Tech Giant Baidu to Test Self-Driving Cars in Beijing
China’s capital city has given the green light to tech giant Baidu Inc to test self-driving cars on city streets, an important step as the country looks to bolster its position in the global race for autonomous vehicles. Beijing has …

POSTED MARCH 23, 2018 3:54 PM
Bank of England Will Soon Update Insurers, Banks on Latest Brexit Approach
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. “The Bank of England welcomes the EU Council’s conclusion …

POSTED MARCH 23, 2018 3:01 PM
Utah Subway Shop Suit over Wrongly Accused Worker Dismissed
A judge has dismissed a defamation lawsuit filed by owners of a Utah Subway shop where a worker was wrongly accused of drugging a police officer’s drink. U.S. District Judge Dee Benson ruled that police in Layton did not implicate …

POSTED MARCH 23, 2018 2:58 PM
Utah Governor Signs Legislation Allowing Terminally Ill to Use Pot
Utah Gov. Gary Herbert has signed a bill allowing terminally ill people to use certain forms of marijuana. Herbert’s office announced Wednesday that he signed the measure allowing people to use the drug if a doctor has determined they have …

POSTED MARCH 23, 2018 2:55 PM
California Chief Justice Expects an Influx of Wildfire Claims
California courts are preparing for an influx of lawsuits tied to last year’s historically destructive wildfires and mudslides, Chief Justice Tani Cantil-Sakauye told lawmakers this week in her annual “state of the judiciary” address. Cantil-Sakauye, who has sparred with President …

POSTED MARCH 23, 2018 2:54 PM
Arsenic in Groundwater? Virginia Coal Ash Case Before Court
Virginia’s largest electric utility asked a federal appeals court Wednesday to overturn a judge’s ruling that the company is violating federal law by discharging arsenic through groundwater into surrounding waters from a coal ash storage site. Dominion Energy argued before …

POSTED MARCH 23, 2018 1:21 PM

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