Industry News

Business Insurance

Nate insured losses could reach $1 billion

Oct 20, 2017 Hurricane Nate caused an estimated $500 million to $1 billion in insured losses related to wind damage to residential and...

Neon establishes Italian marine joint venture

Oct 20, 2017 London-based Neon Underwriting Ltd. said Friday that it is launching an underwriting operation in Italy with Cambiaso Risso, an...

The BI Top 10

Oct 20, 2017 This week's most popular stories include AmWINS' acquisition of several specialty programs from Willis Towers Watson, and insurance payouts...

Best's Reviews

BestWeek: State AGs Seek Fast Restoration of CSR Funding

Oct 20, 2017 A federal judge could rule next week on a petition from 19 state attorneys general who have sued to restore funding to the Affordable Care Act cost-sharing...

London Company Market Group Reports 2.9% Increase in 2016 Premiums

Oct 20, 2017 The London company insurance market wrote £22.7 billion (US$29.9 billion) in premiums in 2016, 2.9% above the restated total for 2015, according...

AIA Reports 25% Rise in Annualized New Premium for the First Three Quarters of 2017

Oct 20, 2017 AIA Group Ltd. reported 25% rise in annualized new premium to US$4.6 billion for the first nine months of 2017, according to a...

Prudential Launches Fintech Partnership Program in Singapore

Oct 20, 2017 Prudential Singapore has launched a partnership program with financial technology startups based in Singapore and other countries as it aims to...

Property Casualty 360

Bundling home & auto insurance could save up to $322 per year, new study says

Oct 20, 2017 A new study by insuranceQuotes reveals in which states policyholders save the most by bundling their home,...

One month after Maria, a crisis still rages in rural Puerto Rico

Oct 20, 2017 Almost 80% of residents and private businesses — not just in the rural mountains, but across the island — are still without...

People on the move in the P&C insurance industry: Oct 20, 2017

Oct 20, 2017 News from Worldwide Facilties, Argo Group International Holdings Ltd., S.S. Nesbitt & Co. and more.

Accidents happen: Here's how technology can help keep remote workers safe

Oct 20, 2017 A growing mobile workforce creates unique safety challenges for businesses.

Insurance Journal

Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group

Oct 20, 2017 Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting...

Investors Remain Committed to ILS Market Despite Q3 Catastrophes: WTW

Oct 20, 2017 ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more...

Pennsylvania Fire Company Closes Following Sexual Abuse Lawsuit

Oct 20, 2017 Authorities say a Pennsylvania volunteer fire company that was sued over sexual abuse by a firefighter and its alleged cover-up by fire officials has closed its fire...

Massachusetts’ Morrison Mahoney Elects Six New Partners

Oct 20, 2017 Morrison Mahoney LLP, a Boston, Mass.-headquartered law firm, has announced the election of six new partners. The partners represent a range of practice areas including...

Claims Journal

NICB: Record Number of Vehicles Damaged by Recent Hurricanes

Oct 20, 2017 Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. Some 23,000 now await processing and retitling to be auctioned off for...

NRA’s Latest Coverage Called ‘Murder Insurance’

Oct 20, 2017 The National Rifle Association is offering insurance for people who shoot someone, stirring criticism from gun-control advocates who say it could foster more violence and give gun...

Lawyers Hunt for California Fires’ Ground Zero to Pursue PG&E

Oct 20, 2017 While Northern California continues to burn, lawyers are already combing through the destruction to make a case that PG&E Corp. is to blame. They aren’t...

Citing ‘Social Good,’ Insurer Lemonade Adds Restrictions to Firearms Coverage

Oct 20, 2017 Online home and rental insurer Lemonade has said it is limiting its coverage for gun owners as part of its commitment to “make insurance into a...