Industry News

Best's Reviews

Progressive Corp. Second-Quarter Net Rises 39%

Jul 17, 2019 Progressive Corp. attributable net income increased 39% in the second quarter to $979.4 million. Net premiums written increased 13% to $9.13 billion, the insurer...

AM Best Affirms Credit Ratings of Enel Insurance N.V.

Jul 17, 2019 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Enel Insurance N.V. (EINV) (Netherlands...

Aon: Credit and Political Risks Draw Growing Product Interest Amid Increasing Uncertainty

Jul 17, 2019 Increasing uncertainty and trade policy disputes are challenging organizations’ assessment and response to traditional and...

IMF: Singapore Insurers Have Strong Capital Buffers but Are Vulnerable to Falling Asset Prices

Jul 17, 2019 Insurance companies in Singapore have significant capital buffers in excess of minimum requirements, but some...

Insurance Journal

Judge Recommends $14M Award to Montana Neo-Nazi Trolling Victim

Jul 17, 2019 The publisher of a neo-Nazi website should have to pay the victim of an internet trolling campaign over $14 million and remove all posts that encouraged his readers...

Minor Injuries When Roof Collapses at California Casino

Jul 17, 2019 Eleven people suffered mostly minor injuries when a roof collapsed Monday at a Los Angeles area casino, raining debris into the lobby area, authorities said. The Los Angeles...

Jury Says Toyota Must Pay $16M to Southern California Dealer in Lawsuit

Jul 17, 2019 Toyota has been ordered to pay nearly $16 million to a Southern California dealer who alleged the company’s Prius recalls didn’t fix safety...

CFC Adds Range of Risk Management Services to Tech Insurance Offering

Jul 17, 2019 Specialist insurance provider CFC Underwriting has added a range of free risk management services to its insurance offering for technology companies....

Claims Journal

Seeking to Avoid Escalation, Ships Deploy Unarmed Guards to Navigate Gulf

Jul 17, 2019 LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of...

Chinese Drones Banned by Tech Supplier to U.S. Police

Jul 17, 2019 A supplier of drone technology to dozens of state and local law enforcement and public safety agencies, located in the U.S. and a handful of other countries, will stop...

Private Insurance Losses from Tropical Storm Barry to Add Up to Nearly $300 Million

Jul 17, 2019 Catastrophe modeling firm, Karen Clark & Co. (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $...

Google Attacked Over Limits on Internet Company Liability

Jul 17, 2019 U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued...