Capstone Insights
Flying commuters like George Jetson could be whizzing to work through the sky less than 10 years from now, according to ride-services provider Uber, which believes the future of transportation is literally looking up.
Uber Technologies Inc. released a white paper on Thursday envisioning a future in which commuters hop onto a small aircraft, take off vertically and within minutes arrive at their destinations. The flyers would eventually be unmanned, according to the company. Continue reading →
WASHINGTON — Americans in the health insurance markets created by President Barack Obama’s law will have less choice next year than any time since the program started, a new county-level analysis for The Associated Press has found.
The analysis by AP and consulting firm Avalere Health found that about one-third of U.S. counties will have only one health marketplace insurer next year. That’s more than 1,000 counties in 26 states — roughly double the number of counties in 2014, the first year of coverage through the program. Continue reading →
That’s the apocalyptic headline we could be reading one day, given the seemingly unassailable trend toward connecting mundane items to the internet. Don’t think it’s too far-fetched, either.
More than $970 billion is expected to be spent on Internet of Things devices next year, according to data from Bloomberg Intelligence and IDC. It’s no mistake that “things” is the chosen noun to describe every and any gadget that can be connected to a network. Few other words encompass the vastness, and “stuff” just isn’t elegant. Continue reading →
Nearly 40% of policyholders who have purchased cyber insurance over the past six months have increased their coverage levels, according to a survey by the Council of Insurance Agents & Brokers issued Wednesday.
Meanwhile, the average takeup rate for cyber insurance increased to about 29%, compared with the 25% reported in the Washington-based council’s semiannual April 2016 survey. Continue reading →
The marketplace for commercial insurance will continue to favor insurance buyers in 2017, particularly those with strategic risk management and risk transfer strategies, according to Willis Towers Watson’s 2017 Marketplace Realities report.
The report points to strong marketplace capacity as a key driver in market conditions and contends that this ample capacity will likely allow insurers to absorb any natural catastrophe losses in 2016, including those from Hurricane Matthew and the Atlantic hurricane season. Continue reading →
The architects of the Affordable Care Act thought they had a blunt instrument to force people — even young and healthy ones — to buy insurance through the law’s online marketplaces: a tax penalty for those who remain uninsured. Continue reading →
Self-driving cars hold the promise of saving thousands of lives each year on U.S. roads. But does pointing out flaws with the technology effectively put people in danger?
That claim was put forth last week by Tesla Motors CEO Elon Musk, who criticized the media for harping on the relatively few crashes involving Tesla’s semi-autonomous driving system called Autopilot, while saying little about the about the 1.2 million people who die worldwide each year in human-driven vehicles. Continue reading →
ATLANTA — Cyber liability insurance is offered by most big-name insurers, but it remains, and will continue to remain for the foreseeable future, largely an excess and surplus lines product.
The changing nature of the coverage and the size of the risks involved make it a natural for the nonadmitted market, experts say. However, admitted insurers have made inroads into the cyber liability insurance sector and will likely grow their share, they say.
David J. Bresnahan, Boston-based executive vice president of Berkshire Hathaway Specialty Insurance Co., said he estimates that some 90% of cyber insurance business is in the nonadmitted market. Continue reading →
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