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Sompo Net Income Increases 4.9% in 2018 Fiscal Year

May 22, 2019 Sompo Holdings reported a 4.9% rise in net income to ¥146.6 billion (US$1.33 billion) on a consolidated basis for the 2018 fiscal year ended March 31, 2019....

Bill Reforming Adjuster Practices Passes California Senate

May 22, 2019 A bill that would require training for out-of-state adjusters and create a single point of contact for claimants has passed the California senate. Sen....

Philippine Regulator Lowers Risk Charges for Insurers’ Infrastructure Investments

May 22, 2019 The Philippines’ Insurance Commission has lowered the risk charges for infrastructure investments of insurance companies to...

Aegon Leaves Japan’s Life Joint Venture With Sony Life

May 22, 2019 Dutch life insurance company Aegon said it agreed to sell its 50% stake in its variable annuity joint venture in Japan, Aegon Sony Life Insurance Co. Ltd.,...

Insurance Journal

What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program

May 22, 2019 The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance...

Testimony Ends in Texas Suit over Harvey-Related Overflow Dams, Floods

May 22, 2019 Testimony has ended in the lawsuit by some Texas residents seeking U.S. government compensation after their land flooded when two federally owned...

The Hilb Group Acquires The Keane Insurance Group in Missouri

May 22, 2019 The Hilb Group LLC has acquired Missouri-based The Keane Insurance Group Inc. The transaction became effective May 1. Terms were not disclosed. KIG’s...

McDonald’s Workers in Chicago Asking OSHA to Look into Pattern of Violence

May 22, 2019 Every 36 hours on average, American local news outlets deliver a new report on violence at a McDonald’s. A group of employees in Chicago say...

Claims Journal

McDonald’s Revamps Its Harassment Policy

May 22, 2019 McDonald’s Corp., in the face of criticism for its handling of harassment complaints, says it’s training workers to deal with the issue and is starting a hotline for victims....

Johnson & Johnson Loses $25 Million Talc Verdict in New York

May 22, 2019 Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J...

More Evidence Welding Fumes Raise Lung Cancer Risk

May 22, 2019 Workers exposed to welding fumes are more likely to develop lung cancer than those not exposed to the fumes, and a new study suggests this holds true regardless of other risk...

Oklahoma Reels, Missouri Declares State of Emergency from Storm

May 22, 2019 Dozens of people were rescued from rising floodwaters and felled trees that smashed homes and blocked roadways in Oklahoma, as severe storms unleashing tornadoes and...