Industry News

Best's Reviews

DOL Eases Restrictions on Association Health Plans, Allows Cross-State Sales

Jun 19, 2018 The U.S. Department of Labor will later this year allow the cross-state sales of association health plans, easing restrictions and...

WTW Global Captive CEO: As Brexit Proceeds, Gibraltar, Malta Should Come to Fore

Jun 19, 2018 Paul Owens, chief executive officer, Willis Towers Watson global captive practices, said Gibraltar and Malta have strong insurance...

Geico to Hire 500 Employees for $10 Million Operations Center in Kansas

Jun 19, 2018 Geico will start recruiting sales and service employees for a new $10 million, 55,000-square-foot service center expected to open around...

Aegon CFO: Reporting Changes Align Group With IFRS

Jun 19, 2018 Aegon NV is making changes to its financial reporting methods to more closely align the group with industry practices in a changing regulatory environment,...

Business Insurance

Failed insurer can’t use special deposit funds for administrative costs

Jun 19, 2018 The Illinois Appellate Court ruled a defunct insurer that provided workers...

Court affirms transit worker’s award for racial bias termination

Jun 19, 2018 A federal appeals court has affirmed a $2.6 million compensatory and punitive...

Merrill Lynch to pay $42 million for misleading customers: SEC

Jun 19, 2018 (Reuters) — Bank of America Corp. subsidiary Merrill Lynch will pay a $42 million penalty for lying to...

Everest to offer discount on cyber policy to internet security group

Jun 19, 2018 Everest National Insurance Co., a unit of Hamilton, Bermuda-based Everest Re Group Ltd.,...

Insurance Journal

Alera Group Acquires Kaercher Insurance in Nevada

Jun 19, 2018 Alera Group has acquired Las Vegas, Nev.-based Kaercher Insurance, which includes Kaercher Campbell, Kaercher Insurance Agency and Sundance Insurance. Terms of the deal were not...

Health Insurers Propose Lower Premiums for Minnesota Individual Market

Jun 19, 2018 Health insurers in Minnesota’s individual market are proposing mostly decreased premium rates for 2019, with average proposed decreases ranging from...

Train Derails, Bursts Into Flames in Southwest Indiana

Jun 19, 2018 A freight train derailed and several train cars caught fire in southwest Indiana, forcing the mandatory evacuation of nearby homes and businesses. The Gibson County...

Patients in Louisiana Could Get More Details About Medication Costs

Jun 19, 2018 Louisiana lawmakers are trying to offer patients more details about what happens at the pharmacy counter and whether they’ve gotten the most...

Claims Journal

Weinstein Seeks Jurors’ Ruling on Sex Assault Insurance Coverage

Jun 19, 2018 Harvey Weinstein wants jurors to decide whether Chubb Ltd. and other insurers are acting in “bad faith” by refusing to pay to defend him against nearly...

DOI-Sponsored Bills to Aid Wildfire Survivors Passes Senate Committee

Jun 19, 2018 California Insurance Commissioner Dave Jones announced that four bills he sponsored to strengthen consumer protections for wildfire survivors have passed the...

Remnants of Hurricane Aid Fire Crews in Colorado, Wyoming

Jun 19, 2018 A welcome dose of rain spawned by a hurricane that churned through the Pacific has given a boost in the battle against two large wildfires in Colorado and Wyoming. The...

Arizona Sheriff’s Office Decides Not to Enforce ‘Stupid-Motorist Law’

Jun 19, 2018 This monsoon season, Maricopa County Sheriff’s Office will not enforce a law that permits some motorists to be billed for the cost of their rescue from...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.