Insurers Face Tougher Times as Somali Piracy Drops
A dramatic fall in pirate
attacks off the Somali coast is forcing down the cost of piracy
insurance for commercial ships, taking the shine off a
fast-growing and lucrative market for London-based insurers.
Insurance Investment Rules Are Changing -- Ready or Not
The fixed-income investment landscape has changed dramatically over the past 15 years, yet investment guidelines set out by the NAIC have stayed largely the same. Now, state regulators are starting to catch up, which means insurers must update their investment policies, compliance procedures, and the technology that supports them.