Industry News

Property Casualty 360

Evolving cyberinsurance coverage for phishing attacks

Sep 20, 2017 Federal courts continue to shape the landscape for cyberfraud coverage.

The first 60 days post-Irma are critical to your insurance recovery

Sep 20, 2017 As soon as it is possible to do so, both individual and business insureds should take the following steps to maximize...

Telematics in commercial fleets: a path to profitability

Sep 20, 2017 While telematics may be relatively new to personal auto, commercial vehicles have been using the technology for more than 20 years.

5 ways to defend your family business against fraud

Sep 20, 2017 Companies with less than 100 employees are more likely to experience scams.

Claims Journal

Oregon Supreme Court Decides the Meaning of ‘Recovery’ for Claims Under ORS §742.061

Sep 20, 2017 Under ORS §742.061, insurance companies are required to pay their insured’s attorney’s fees in Oregon if, in the insured’s lawsuit...

NCCI Examines Employee, Legislator and Regulator Concerns About Marijuana

Sep 20, 2017 Two more articles released by the National Council on Compensation Insurance (NCCI) examine the many questions employees, legislators and regulators have...

Fraud News: Fake Property Claim, Staged Crashes and Workers’ Comp Fraud

Sep 20, 2017 Mississippi Woman Arrested for Insurance Fraud A woman has been arrested for allegedly trying to defraud an insurance company by claiming her property was...

Former Worker Says Tesla’s Firing Denied Him Lucrative Shares

Sep 20, 2017 A former Tesla Inc. factory worker filed a lawsuit alleging the automaker fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars...

Business Insurance

Insurtech investment rises 700% in Europe

Sep 20, 2017 Insurtech investment increased by 700% in Europe to more than $400 million in the first half from just $50 million a year ago as insurers strive...

Japanese foreign exchange broker suffers DDoS attack

Sep 20, 2017 Japanese foreign exchange broker Hirose Tusyo Inc. said that it suffered a distributed denial of service attack on Sept....

Irma flood, wind losses could reach $12 billion: CoreLogic

Sep 19, 2017 Insured flood losses from Hurricane Irma for commercial properties is estimated at $4 billion to $8 billion,...

Insurance Journal

Ferris Wheel Owner Says Injured Kid At Fault for Tennessee Fair Accident

Sep 20, 2017 The owner of a Ferris wheel in which four people were injured in Tennessee last year has responded to lawsuits over the incident, saying that one of the...

Chemical Explosion at Florida Food Warehouse Injures 3

Sep 20, 2017 Authorities say three people suffered injuries in a chemical explosion at a Florida warehouse. Lakeland Fire Department officials said about 50 people were eflvacuated...

Agriculture Officials Say Florida Crops Devastated by Irma

Sep 20, 2017 Florida’s agriculture commissioner said Monday that the path of Hurricane Irma “could not have been more lethal” to the state’s farmers and...

California Commissioner Sums up Trump Battle, High on Cannabis Insurance

Sep 19, 2017 It’s David vs. Goliath. That about sums up California Insurance Commissioner Dave Jones’ feelings on his efforts to keep the remnants of...

Best's Reviews

Best’s Briefing: Hurricane Maria Could Erode Financial Strength of Caribbean and Puerto Rico Insurers

Sep 19, 2017 A.M. Best believes Hurricane Maria could be the barometer for testing the financial strength of some insurance...

Florida OIR: Hurricane Irma Claims Statewide Already Exceed $2.1 Billion

Sep 19, 2017 Insurers in Florida have filed $2.16 billion in claims as a result of Hurricane Irma, according to preliminary data derived from insurer...

Progressive: Hurricane Harvey Generated Nearly All of $254 Million of August Catastrophe Losses

Sep 19, 2017 Hurricane Harvey caused more than 90% of Progressive Corp.’s $254 million of August catastrophe losses, the company...

NAMIC Gearing Up to Battle Bipartisan No-Fault Reform Package in Michigan House

Sep 19, 2017 The National Association of Mutual Insurance Companies opposes a legislative package offered by a bipartisan group of Michigan...