Most Clicked PCI SmartBrief Stories

1. Texas Senate passes bill that would limit claims litigation

PCI SmartBrief | Apr 30, 2015

The Texas Senate on Wednesday approved legislation that would limit homeowners' lawsuits against insurers over hail and wind damage. Supporters say the bill would prevent contractors and lawyers from encouraging lawsuits that drive up overall insurance premiums, while opponents say the law protects insurers at the expense of claimants. Dallas Morning News (free content), The (04/29)

2. Mile-wide tornado touches down in Texas

PCI SmartBrief | Apr 27, 2015

Severe weather that included a mile-wide tornado and damaging hail left more than 30,000 people in Texas without power. The storms also reportedly overturned trucks and blew off roofs. More storms are expected to hit the area today. NBC News (04/27)

3. NAIC proposes guidance on cybersecurity

PCI SmartBrief | Apr 27, 2015

The National Association of Insurance Commissioners last week released a proposed set of guidelines for regulators with regard to cybersecurity issues faced by insurers. The NAIC represents the key insurance regulators in the U.S., making the guidance "tremendously important," said Tom Glassic of PCI. Business Insurance (tiered subscription model) (04/26)

4. Commercial drone use raises insurance questions, experts say

PCI SmartBrief | Apr 28, 2015

Companies' exploration of commercial drone use poses a range of concerns related to insurance, liability and privacy, according to experts. "When you think about what can go wrong with drones, and consider all the different places they can get to, I think we're in for an evolving state of interesting claims in the future," lawyer Bruce Raymond said. Business Insurance (tiered subscription model) (04/27)

5. Insurers are expressing concerns over Federal Reserve oversight

PCI SmartBrief | Apr 28, 2015

Concerns are growing among insurance companies that the Federal Reserve's supervision of nearly one-third of the industry could result in capital rules resembling those applying to banks. Industry officials are expected to address the issue at Senate banking committee and House hearings today and Wednesday. (04/27)

6. Experts are studying how autonomous cars might affect insurance

PCI SmartBrief | May 01, 2015

Insurers and automakers are collecting data to learn about how semi-autonomous driving technology could affect driver behavior and the insurance market, said Jeff Blecher of Agero. Blecher is working with a team of technology, insurance and automotive experts to study the issues. Forbes (04/30)

7. What Michigan's no-fault overhaul bill involves

PCI SmartBrief | Apr 29, 2015

A measure involving major updates to Michigan's no-fault auto insurance laws has gained Senate approval and could come before the House soon. The legislation includes a medical fee schedule, a provision that could make it resistant to a referendum and the creation of a fraud authority. (Michigan) (free registration) (04/28)

8. USGS report examines link between quakes and oil, gas drilling

PCI SmartBrief | Apr 27, 2015

A U.S. Geological Survey report assesses the connection between the disposal of wastewater from oil- and gas-drilling operations and earthquakes occurring in Oklahoma and other states across the U.S. New York Times (tiered subscription model), The (04/23)

9. Cyberinsurance products need to improve, execs say

PCI SmartBrief | May 01, 2015

Providing effective coverage for cyberattacks and better understanding cyberthreats are a growing priority for the insurance industry, executives said at the Risk and Insurance Management Society's 2015 conference this week. Cyber-risk is an area of rapid change, and "currently, the insurance industry is delivering products to the market and not delivering solutions," said Steve McGill of Aon. Carrier Management online (04/30)

10. FSOC member sees inappropriate foreign influence on U.S. policy

PCI SmartBrief | Apr 29, 2015

Roy Woodall, an insurance expert on the Financial Stability Oversight Council, is raising concerns about foreign regulators' influence on U.S. policies. "International regulatory organizations may be attempting to exert what I consider to be inappropriate influence on the development of U.S. regulatory policy," according to Woodall's testimony prepared for a Senate banking committee hearing. Bloomberg (04/27)

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