Industry News

Insurance Journal

Police Close to Decision on Charges in Fatal Wisconsin Blast

Jul 18, 2018 Police say they’ll soon decide whether to recommend prosecutors file charges in connection with a natural gas explosion that killed a Wisconsin firefighter....

Oklahoma Attorney General Assembles Team of Lawyers over Marijuana Rules

Jul 18, 2018 Oklahoma’s attorney general says he’s assigning a team of lawyers to advise him on matters surrounding the Board of Health’s...

Monsoon Brings 100-Year Flooding Event to Arizona

Jul 18, 2018 The National Weather Service says the storm that swept across northern Arizona over the weekend amounted to a 100-year event. The Arizona Daily Sun reported that those types of...

State Farm Not Liable for Wisconsin Hunter’s Injuries

Jul 18, 2018 An insurance company isn’t liable for a hunter who was accidentally shot in the head nearly four years ago. According to court documents, David Devine shot Patrick...

Best's Reviews

Kemper Second-Quarter Pretax Cat Losses Could Reach $47 Million

Jul 18, 2018 Kemper Corp. incurred estimated second-quarter pretax catastrophe losses of $42 million to $47 million from 15 storms. Homeowners and automobile...

US House Approves Economic Package, International Standards Bill

Jul 18, 2018 In a near unanimous vote of 406-4, the U.S. House approved a package of bills designed to aid the economy, including an international standards...

AIG Closes on Acquisition of Reinsurer Validus

Jul 18, 2018 American International Group Inc. said it completed its acquisition of reinsurer Validus Holdings Ltd. Validus “adds attractive and diversified franchises,...

Globalis Managing Director: Tell People What They’ll Be Receiving in 10 Years

Jul 18, 2018 Jorge Vazquez Morenes, managing director, Globalis, said Spain’s age wave could create problems as more people find their retirement...

Claims Journal

Emergency Injuries Soar as Scooters Take Over Sidewalks

Jul 18, 2018 Motorized scooters are making quite the splash in pedestrian-heavy cities from Santa Monica, California, to Washington, D.C. They’re ubiquitous, inexpensive to rent,...

Fitch: Adjusted Asbestos Survival Ratio Remains Below 8 Years

Jul 18, 2018 Following a review of recent years’ asbestos related claims and litigation activity and insurers’ paid and incurred loss experience, Fitch has raised...

Copper Trains Ransacked During Full-Moon Desert Heists

Jul 18, 2018 On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo (180-pound) slabs of...

Survey: Workers’ Comp Drug Spend Declined by $1B in Past 8 Years

Jul 18, 2018 Pharmacy costs in workers’ compensation have decreased by $1.1 billion during the past eight years, according to CompPharma’s 15th Annual Survey of...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...