Most-read stories for the week include commentary on the insurance capital standard and a story on Allianz's bill from the Ethiopian Airlines crash and the subsequent grounding of Boeing's 737 Max 8 aircraft.
GEICO cutting private auto rates in wake of loss stabilization
GEICO Corp. is slashing private auto premium rates as losses in the sector stabilize and underwriting profits have returned for the biggest players.
Allianz has maximum €150M Boeing exposure
Allianz Group's maximum exposure to the Ethiopian Airlines crash and subsequent grounding of Boeing Co.'s 737 Max 8 aircraft is €150 million, CFO Giulio Terzariol told journalists May 14.
Mnuchin expresses concerns over development of global insurance capital standard
U.S. Treasury Secretary Steven Mnuchin has called for reforms in the way an international capital standard, the ICS, for the insurance industry is created, saying it should reflect the varying approaches to solvency regulation around the world.
AIG, Hamilton CEOs question need for prescriptive insurance capital standard
Regulators working on a global insurance capital framework should steer clear of a "one-size-fits-all" hard threshold and concentrate on establishing standards that can be adapted to the specifics of a given market, according to the CEOs of American International Group Inc. and Hamilton Insurance Group.
Only losers seen in intensifying trade battle as Trump squeezes China
As President Donald Trump touts the superior firepower of the U.S. in the trade war with China, analysts warn that while China's economy would probably be most affected, the escalating battle between the two countries is also likely to harm U.S. consumers and farmers, and ultimately the national economy.