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Low interest rates, rather than storm losses, are driving the bulk of the rate increases in the insurance industry, says a company CFO.

While technology has made it inarguably easier for consumers to purchase policies direct online from an insurer, one insurance executive says he is doubling down on agents, giving them increased underwriting and claims authority.

While the goal of the Common Framework for the Supervision of Internationally Active Insurance Groups is to reduce complexity, cost and redundancies in the regulatory process, panelists at a recent forum opined that the initiative is headed in the wrong direction.

While the goal of the Common Framework for the Supervision of Internationally Active Insurance Groups is to reduce complexity, cost and redundancies in the regulatory process, panelists at a recent forum opined that the initiative is headed in the wrong direction.

In the face of new technology and insurers offering coverage to customers direct, agencies face challenges, but the threat from this new reality is to the agents traditional business model, not necessarily to their existence.

Toyota Motor Corp eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.