Industry News

Claims Journal

Causes of California’s Worst Fires Often Go ‘Undetermined’

Sep 25, 2018 California officials quickly determined an arsonist started last month’s huge wildfire southeast of Los Angeles, and that two weeks earlier sparks from a vehicle...

Slower Winds Means Florence May Cost Private Insurers Less Due

Sep 25, 2018 Hurricane Florence is likely to end up costing insurers far less than initially feared. Before making landfall, the storm weakened significantly, largely sparing...

60 Buildings Deemed Unsafe in Tornado Stricken Iowa Town

Sep 25, 2018 City officials in central Iowa have designated about 60 structures as unsafe following a July tornado that damaged about 2,000 buildings. The properties in Marshalltown now...

Maryland Found Culpable in Player’s Death

Sep 25, 2018 An independent investigation into the death of University of Maryland football player Jordan McNair has determined that trainers on the scene did not follow proper procedures after he...

Insurance Journal

Pioneer Taps XL Catlin’s McMellin as CEO; Douetil Becomes Chairman, as Taylor Retires

Sep 25, 2018 Pioneer Underwriters appointed Andrew McMellin as chief executive officer, effective Oct. 8, 2018 and pending regulatory approval....

Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses

Sep 25, 2018 Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe...

Chubb Appoints Barziza to Lead North American Property Claims

Sep 25, 2018 Chubb has appointed Tim Barziza as head of its North American Property Claims. In this role, Barziza will be responsible for leading the technical and...

Employers Providing Paid Family Leave Qualify for Tax Credit

Sep 25, 2018 The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees...

Best's Reviews

Hyperion Affiliate Tamesis Dual Appoints Underwriting Director

Sep 24, 2018 Ben Love has been appointed director of underwriting for Tamesis Dual, part of the underwriting arm of Hyperion Insurance Group. Love will be based...

Swiss Re Names New CEO for Corporate Solutions Unit

Sep 24, 2018 Andreas Berger will become chief executive officer of Swiss Re’s corporate solutions business as Agostino Galvagni prepares to step down from the post by the...

Third Point Re CEO: Hedge-Fund Backed Reinsurers Face Rugged Investment Environment

Sep 24, 2018 Hedge-fund backed reinsurers that rely less on underwriting risk and more on investment returns face a challenging environment...

National Security Fire & Casualty’s Hurricane Florence Ultimate Gross Losses Could Hit $1.5 Million

Sep 24, 2018 National Security Fire & Casualty Co. ultimate gross losses from Hurricane Florence in South Carolina...

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...