NAIC highlights big data as driver of insurance sector inequality

Participants at NAIC race and insurance session say big data is perpetuating racial disparities


US judge issues landmark Covid-19 physical loss ruling

The decision is the first of its kind to favour plaintiffs involved in BI litigation


Ralph Lauren sues FM Global over $700m BI policy

Luxury retailer says insurer is aiming to defraud policyholders with limited pandemic coverage


Racial equality is overwhelming message at NAIC meeting

President Ray Farmer calls 2020 a moment of historical inflexion, commits NAIC to change


Equality in insurance: what actions beyond the words?

The US insurance sector was quick to state its support for black lives after George Floyd's death resonated across communities worldwide. It has a questionable history of action on racial inequality, but are things about to change? Sarfraz Thind reports


NAIC still failing to address racial bias in underwriting

Use of AI and other data penalises minorities, says CEJ's Birny Birnbaum


Manulife boosts earnings from underwriting profits in Q2

Favourable underwriting experience and seed investment profits help drive growth


MetLife Q2 earnings hit by lower sales and PE losses

Underwriting premiums and fees down 13% from 2019


Prudential Financial posts $2.4bn loss in Q2, as investment losses mount

Company reprices interest rate expectations, moves to less rate-sensitive products


Hurricane Isaias makes landfall in North Carolina

The storm was upgraded to a hurricane earlier this week