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The D.C. Circuit recently affirmed a judgment in favor of reinsurers in a suit brought by an insured after concluding that the insured could not assert breach of contract and related...
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AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" (Superior) of Allianz SE (Germany) and its rated subsidiaries
Governor Phil Scott signed new legislation into law modernizing Vermont's captive insurance statutes and removing inconsistencies. This year's bill, H.515, proposed several updates to Vermont's captive insurance law, including the ability for captive insurance companies to enter into parametric risk transfer contracts, simplifying reporting...
ESG (environmental, social, corporate governance) factors present unique challenges for participants in the insurance sector. Unexpected claims, regulatory requirements and investor demands are just three challenges it faces.