Industry News

Insurance Journal

Report: Climate Change May Pose Threat to Nation’s Electric Grid

Jul 27, 2017 Climate change may pose a serious risk to the nation’s electric grid, according to a new report. The report was prepared by Johns Hopkins University with...

Raging Wildfires on French Riviera Force Evacuation of 12,000 People

Jul 27, 2017 French authorities ordered the evacuation of up to 12,000 people around a picturesque hilltop town in the southern Cote d’Azur region as fires...

Former Texas Workers’ Comp Commissioner Bordelon Joins Granite Public Affairs

Jul 27, 2017 Former Texas Public Insurance Counsel and former Workers’ Compensation Commissioner Rod Bordelon has joined Austin-based Granite Public...

TCOR Management’s Dudney to Chair Texas Independent Insurance Agents Group

Jul 27, 2017 The Independent Insurance Agents of Texas (IIAT) elected Rick Dudney of TCOR Management in New Braunfels to serve as chairman for 2017-2018 during...

Best's Reviews

Markel Co-CEO: Diversified Carriers Routinely Redefine Partners, Competitors

Jul 27, 2017 Markel Corp. will continue to build walls within its own organization so it can partner and compete with other carriers, Co-chief...

CEO: Aspen Seeks Efficiency, Optimal Underwriting Mix

Jul 27, 2017 Aspen Insurance Holdings Ltd. is looking to reach an optimum mix in its underwriting lines and in operational efficiency as the group deals with soft market...

Swiss Re Managing Director: Public, Private Insurance Needs Regulatory Support

Jul 27, 2017 Ivo Menzinger, managing director, global partnerships, Swiss Re, said governments are interested in providing more risk protection...

Evergreen Health Ordered to Halt Sales, Renewals After Investors Pull Plug on Plans to Buy Insurer

Jul 27, 2017 Evergreen Health was ordered to stop selling and renewing any health insurance policies by Maryland Insurance...

Business Insurance

Ohio workers comp bureau issues rebates

Jul 27, 2017 Ohio Bureau of Workers’ Compensation rebates for private and public employers began going out this month,...

XL Catlin profit skyrockets

Jul 27, 2017 Xl Group Ltd. reported a nearly sixfold increase in its net income for the second quarter of 2017, driven by lower catastrophe losses and higher net...

Halliburton to pay $29.2 million to settle U.S. charges on Angola

Jul 27, 2017 (Reuters) — Oil company Halliburton Co. will pay $29.2 million to settle civil charges it...

United Airlines sued by owners of giant rabbit found dead after flight

Jul 27, 2017 (Reuters) — The owners of a giant rabbit named Simon who died on a United Airlines...

Property Casualty 360

Court enforces $4.8M in insurance coverage for email scam

Jul 27, 2017 N.Y. judge rules the losses a company suffered when an imposter tricked its accounts payable department into wiring money are...

Allianz's P&C operating profits rose 28% in Q2

Jul 27, 2017 As Allianz SE CEO Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster-claims,...

Uncovering silent cyber risk

Jul 27, 2017 There remains a sizable gray area around whether losses caused by a truly catastrophic cyber event would be covered and under what policy.

Alliant accused of poaching Wells Fargo insurance brokers

Jul 27, 2017 Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.’s insurance business but sought to steal its rival’s...

Claims Journal

Ohio High Court Strikes Down Traffic Camera Restrictions

Jul 27, 2017 The Ohio Supreme Court on Wednesday upheld cities’ use of traffic camera enforcement for a third time, striking down as unconstitutional legislative restrictions that...

Federal Arbitration Act Governs Property Insurance Appraisals

Jul 27, 2017 In a decision filed July 14, 2017, the US District Court for the Central District of California invoked the Federal Arbitration Act (FAA) in refusing to vacate an...

New Technology to Drive Better Prediction, Pricing of Florida Flood Risk

Jul 27, 2017 Actuarial experts, disaster modelers and third-party vendors are utilizing new technology to better predict and price flood risk – and Florida’s...

After Cost Cutting Allianz Reports 28% Gain in Quarterly P/C Profits

Jul 27, 2017 As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster...