Frustrated Auto insurance product Wells Fargo

Wells Fargo auto insurance product scandal will now lead to $130 million in payments

The financial giant released a securities filing at the end of last week with its updated estimates. The Wells Fargo auto insurance product scandal has…

Insurance Industry Giants - Metlife Building New York

Will insurance industry giants continue to be “too big to fail”?

A new memo is currently circulating to propose legislation removing that status from massive insurers. Representative Jeb Hensarling (R-Texas) is circulating a memo to remove…

Insurance company capital standards business financial skyscrapers

Two-tier insurance company capital standards proposed by Fed

The concept is to treat exceptionally large firms differently from others within the industry. The Federal Reserve proposed new insurance company capital standards as a…

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Insurance losses could be as high as $70 billion in the US from one peril

According to a report from Lloyds, if the power grid in the United States were to be attacked the cost would be massive. Lloyds of…

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Insurance industry has trouble engaging millennials

Insurers find it difficult to connect with a new generation of consumers The insurance industry has been providing coverage across a wide variety of sectors…

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Insurance companies aren’t ready for climate change

A new report has shown that insurers in the United States aren’t prepared for risks associated with global warming. According to a report that was…

State of the Economy - Insurance industry

Insurance industry benefits from favorable economic climate in the US

Report shows that new jobs have been added to the insurance sector A favorable economic and business climate has had a beneficial impact on the…