Industry News

Insurance Journal

Insurance, Finance Fraud in UK Jumps to $2.9B, a 15-Year High

Jan 16, 2018 Fraud in the U.K. rose to 2.1 billion pounds ($2.9 billion), the most in 15 years, as the police commander in charge of fighting the crime said the amount of...

Supreme Court Case on SEC Judges Could Disrupt Administrative Proceedings

Jan 16, 2018 The U.S. Supreme Court will decide whether the Securities and Exchange Commission’s in-house judges were appointed in violation of the...

Appeals Court Thwarts Goldman Shareholders’ Class Action Over Subprime Securities

Jan 16, 2018 A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc. of fraudulently claiming to put client interests before its...

West Virginia Proposes Comprehensive Drug Plan to Address State Opioid Crisis

Jan 16, 2018 State health officials are proposing a multifaceted plan for confronting the drug crisis killing hundreds of West Virginians each year, one that...

Property Casualty 360

3 ways agents can control workers’ comp costs

Jan 16, 2018 The path to controlling workers’ comp costs begins with making certain that all relevant information is current and accurate, down to the smallest...

20 safest airlines to fly with in 2018

Jan 16, 2018 To recognize those leading the way, AirlineRatings.com released its annual list of the world's safest airlines. Of the 409 airlines it monitors, 20 stand out as...

Who's using what in P&C insurance: Jan. 15, 2018

Jan 15, 2018 Insurance technology news from MetLife, Crawford & Company, Sapiens, StoneRiver, Appulate, Indium, Convelo Insurance Group, SIUPREM,...

The cyber threat to small and midsize businesses [infographic]

Jan 15, 2018 Too small to fail? Think again.

Best's Reviews

A.M. Best Assigns Credit Ratings to Hannover Life Reassurance Company of America (Bermuda) Ltd.

Jan 15, 2018 A.M. Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” to...

Maryland Lawmakers Draft Bill to Create State-Based Health Insurance Mandate

Jan 15, 2018 Maryland lawmakers are preparing legislation to create a state-based health insurance mandate to stabilize the state insurance...

Zurich Insurance Names CEO for Germany Unit

Jan 15, 2018 Zurich Insurance Co. Ltd. has named Carsten Schildknecht as the chief executive officer of its Germany unit, replacing Marcus Nagel, who according to the group has left...

Centene Faces Class-Action Lawsuit Over Doctor Access

Jan 15, 2018 Consumers who bought health insurance from Centene Corp. have filed a class-action federal lawsuit against the company and two subsidiaries, alleging they...

Business Insurance

Contaminated baby food recall spreads to 83 countries

Jan 15, 2018 Emmanuel Besnier, chief executive of France-based dairy giant Groupe Lactalis S.A., said that the salmonella scandal at...

Chubb merges Mexican units

Jan 15, 2018 Switzerland-based insurer Chubb Ltd. has merged its Mexican units, bringing the operations with ABA Seguros S.A. de C.V. and Chubb de Mexico Compania de Seguros S.A. under...

Insurers look to identify potential risks in D&O cover

Jan 15, 2018 Eden Fletcher, director of financial services group at Aon Corporation Australia Ltd., said that insurers are...

Magnitude-7.1 quake hits southern Peru

Jan 15, 2018 The U.S. Geological Survey said that a 7.1-magnitude earthquake struck the coast of southern Peru on Jan. 14 causing several homes and roads to...

Claims Journal

December Cold Snap Considered a Freak of Nature

Jan 12, 2018 Consider this cold comfort: A quick study of the brutal American cold snap found that the Arctic blast really wasn’t global warming but a freak of nature. Frigid weather like...

Business News: ClaimRide, Symbility, Agero, Starr Companies

Jan 12, 2018 ClaimRide Partners With Turo in the Vehicle Replacement Market ClaimRide, the leading facilitator of TNC services for the insurance industry, announced a partnership...

Disaster-Mitigation Programs May Be Cut Despite Proven Savings

Jan 12, 2018 Federal programs to protect Americans against extreme weather and other natural disasters save even more money than previously thought, according to a report funded...

Some Troublesome Words, Part 1

Jan 12, 2018 What’s the difference between “insure” and ensure”? And can you differentiate among “to,” “two,” and “too”? One claims adjuster told me...