Insurance industry professionals must cope with regulation risks

Insurance industry risks - Banana Peel Survey

A new study has revealed the largest risks faced by pros, the results of which have now been published in a report. New local and international level regulations are now being seen as the greatest risk faced by the insurance industry, according to a PricewaterhouseCoopers and Centre for the Study of Financial Innovation report. The new rules could considerably increase problems with compliance as well as costs for insurers. According to the 2013 Insurance Banana Skins Survey, new regulations regarding market conduct and solvency could “swamp” the insurance industry with…

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Study shows that millions of Americans drive drunk each year

– Could spur new drunk driving and insurance laws in Florida. A new study from Online Auto Insurance, an insurance organization that conducts regular research on a variety of issues facing the insurance industry, shows that millions of U.S. motorists drive drunk every year. The study highlights the need for stricter laws regarding drunk driving and notes that the sheer number of people driving under the influence of alcohol may be driving up insurance prices. The study corroborates findings from a recent report from the Centers for Disease Control and…

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