In this edition of WRIN.tv Headline News:

President Obama / UN show support for sustainable insurance

At the U.N. climate conference in Paris, President Obama said the U.S.  would support parametric-risk insurance programs in the Pacific, the Caribbean, and Africa. The U.N. Secretary General Ban Ki-Moon also launched a new climate resilience and insurance initiative that will provide weather-related coverage to 30 countries around the world.

 

Zurich folds on RSA, announces staff cuts, underwriting limits and search for new CEO

Following the failed takeover bid for RSA, Zurich’s CEO resigned, forcing its Chairman to take over as the search for an external replacement commences. In other news, Zurich will reportedly increase job cuts and relocations, and amid measures to improve results, Zurich said it would no longer write general insurance business in the Middle East.

 

EY provides look at 2016 disruptors and advice for insurers

In its outlook for the US P&C sector, EY sees several external factors disrupting the industry in 2016. EY also suggests insurers focus on eight areas in 2016.  For a complete look at the EY Outlook for 2016, visit the EY Website.

 

Which States rate best on insurance regulation? Not North Carolina.

According to R Street Institute’s Regulation Report Card, eight states received an A or A minus rating. The free-market think tank gave only one failing grade.

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