Industry News

Business Insurance

Ironshore names Bermuda property executives

Sep 20, 2017 Ironshore Inc. said Wednesday that it has name Ian Smith as senior vice president, head of Bermuda property, and...

Data breach lawsuits against Office of Personnel Management dismissed

Sep 20, 2017 A federal judge has dismissed two consolidated lawsuits filed against defendants...

Property Casualty 360

NU, Flaspöhler re-team for comprehensive risk manager survey

Sep 20, 2017 The 2018 Risk Manager Study will provide valuable information on the challenges, needs and demographics of risk managers...

Auto-Owners Insurance receives PIA's 2017 Company Award of Excellence

Sep 20, 2017 The award honors a company for its commitment to PIA, to the American Agency System and to furthering the...

Puerto Rico faces steep damage as Hurricane Maria batters island

Sep 20, 2017 The storm flooded parts of downtown San Juan and ripped the roofs from homes. The entire island was left without power.

Study identifies the insurance industry as an AI leader

Sep 20, 2017 The average revenue increase has been 17% while the average cost reduction has been 12% among the global industries that have already...

Best's Reviews

Zurich North America CEO to Retire at End of Year

Sep 20, 2017 Mike Foley will retire at the end of the year as chief executive officer of Zurich North America and will be succeeded as CEO by Kathleen Savio, currently...

Castel Launches Benelux M&A Transactions Platform

Sep 20, 2017 Castel Underwriting Agencies Ltd. said it continued the expansion of its portfolio with the launch of Castel Transact, which offers warranty and indemnity...

Industry Experts: Hurricane-Triggered Outages, Flooding, Supply Problems Generating Heavy Business Interruption Losses

Sep 20, 2017 Hurricanes Harvey and Irma triggered extended flooding and power outages, damaged...

A.M. Best Affirms Credit Ratings of Sooner Insurance Company

Sep 20, 2017 A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Sooner Insurance Company (Sooner...

Insurance Journal

XL Catlin Adds EPLI, Cyber Coverage for Design Professionals in Canada

Sep 20, 2017 XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in Canada:...

Georgia Gov Pledges State Funds for Local Community Irma Cleanup

Sep 20, 2017 Describing Hurricane Irma as a “catastrophic event” after viewing its destruction from the air, Gov. Nathan Deal promised last week that the state...

After the Storm: Insurance Agents E&O Lessons Learned

Sep 20, 2017 Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated...

Landlord Settles Lawsuit Over Deadly Ohio House Fire for $360K

Sep 20, 2017 The owner of an Ohio home where a fire killed two adults and two girls is settling a lawsuit claiming she’s liable because the rental property lacked smoke...

Claims Journal

FEMA Can’t Rely on Trailers for Hurricane Victim Housing

Sep 20, 2017 The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left hundreds of thousands of Gulf...

Iowa Workers’ Comp Rate Reduction Revives Debate

Sep 20, 2017 Iowa’s governor and the organization that sets workers’ compensation rates are disputing whether a new law influenced a recent rate reduction in premiums for employers....

Category 4 Hurricane Maria Hits Puerto Rico Hard

Sep 20, 2017 Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped...

Oregon Supreme Court Decides the Meaning of ‘Recovery’ for Claims Under ORS §742.061

Sep 20, 2017 Under ORS §742.061, insurance companies are required to pay their insured’s attorney’s fees in Oregon if, in the insured’s lawsuit...