Market News
Bermuda Runoff Reinsurer Premia Re A- Rating Affirmed by KBRA
Kroll Bond Rating Agency (KBRA) has affirmed the financial strength rating of A- of Premia Reinsurance Ltd., a Class 4 Bermuda specialty reinsurer focused on acquiring nonlife runoff liabilities. KBRA believes its sound capitalization is sufficient to support the company's planned acquisition strategy of runoff liabilities in the medium term. Read More
FERMA: AI Has Growing Implications for Risk Management
The Federation of European Risk Management Associations (FERMA) said that it welcomes the European Commission's draft guidelines on artificial intelligence (AI) ethics. FERMA believes that the development and application of AI have growing implications for European risk managers. Read More
Large Medical Malpractice Claims Becoming More Frequent and More Costly
A new report issued by CRICO Strategies, "Medical Malpractice in America: A 10-year Assessment with Insights," examines national trends in claims frequency, payment, and root causes of preventable harm. Read More
Federal Relief Sought for Crumbling Foundations
Two bills recently introduced in the US Senate seek funding from the Federal Emergency Management Agency and US Department of Housing and Urban Development to provide relief for homeowners and businesses in Connecticut and other states with crumbling foundations. Read More
Vermont Bill Would Adjust Captive Financial Examination Requirements
Captive insurance companies in Vermont would automatically be assured of more time between mandatory financial examinations under newly introduced legislation. Read More