Industry News

Best's Reviews

A.M. Best Places Credit Ratings of Echelon Insurance and The Insurance Company of Prince Edward Island Under Review

Nov 12, 2018 A.M. Best has placed under review with developing implications the Financial Strength Rating (...

JLT Re: California’s Camp Wildfire Most Destructive in US History; 7,150 Structures Destroyed or Damaged

Nov 12, 2018 More than 7,155 structures have been damaged or destroyed by the Camp Fire in Northern California, making...

Markel International Managing Director Asia: Consistency Matters in Growing Markets

Nov 12, 2018 Matt Cannock, managing director for Asia, Markel International, said some insurers have been entering and leaving markets,...

Allianz UK Cites LV= Deal in Nine-Month Operating Profit Rise

Nov 12, 2018 Pointing to what it described as its successful absorption of business from U.K. insurer LV=, Allianz UK reported operating profit of £113.6 million (...

Insurance Journal

California Wildfire Insured Losses at Billions of Dollars and Climbing

Nov 12, 2018 An analysis by catastrophe modeler RMS shows 15 wildfires are burning more than 280,000 acres in California have collectively destroyed nearly 7,000 homes and...

Deaths, Damages Continue to Rise in California’s Most Destructive Wildfires

Nov 12, 2018 The most destructive wildfires in California’s history have killed at least 31 people and forced tens of thousands more to evacuate as firefighters...

Markel’s German Insurance Unit Gets Approval to Operate UK Branch

Nov 12, 2018 Markel Corp. announced that its German insurance company, Markel Insurance SE (MISE), has received regulatory approval to operate a branch office in the...

UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows

Nov 12, 2018 Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving...

Claims Journal

Climate Groups Cringe at Virginia Tax Cut for Oft-Flooded Homes

Nov 09, 2018 A measure approved by Virginia voters this week to cut taxes on homes in flood-prone areas of the flood-prone commonwealth has climate experts warning that it might...

Key Sensor Replaced Prior to Lion Air Jet Crash in Indonesia

Nov 09, 2018 A crucial sensor that is the subject of a Boeing Co. safety bulletin was replaced on a Lion Air jet the day before it plunged into the Java Sea and possibly...

Musk Off Tesla Board as Part of Settlement With Regulators

Nov 09, 2018 Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. The electric car...

Arkansas City Firefighters Get Real-Time Mapping System

Nov 09, 2018 The days of Mountain Home firefighters potentially getting lost when responding to an emergency are now numbered. Thanks to a new system being put into place, the...