Industry News

Business Insurance

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...

Spill from tanker to cost oil firms nearly $70 million

Oct 20, 2017 An oil spill from a sunken Greek tanker that polluted four kilometers of the Saronic Gulf coastline is likely to cost...

Reinsurance prices likely to rise by up to 50% in regions struck by natural disasters: Hannover Re

Oct 20, 2017 Ulrich Wallin, chief executive of Hannover Re S.E...

Natural disasters cause nearly $50 billion of economic losses

Oct 20, 2017 The China National Commission for Disaster Reduction and the country's civil affairs ministry said that...

Property Casualty 360

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.

4 ways insurance agents can keep communications going with clients

Oct 20, 2017 Communicating with clients takes more than just jargon-laden mass emails.

Pennsylvania dog recognized for most unusual pet insurance claim of the year

Oct 20, 2017 The Hambone Award honors the most unusual pet insurance claim of the year. Rooster was nominated after he was...

Capital requirements for insurance: What they are, why they matter

Oct 20, 2017 Capital requirements for insurers are currently undergoing far-reaching changes across numerous jurisdictions.

Claims Journal

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...

Researcher Says Motor Vehicle Crashes Are Leading Cause of Teen Deaths

Oct 20, 2017 Motor vehicle crashes are the leading cause of death for teens in the United States but a Virginia Tech expert says steps can be taken to reduce high crash...

People News: Wells Media, ICW, EFI Global

Oct 20, 2017 Wells Media Names Simpson to Senior Strategist Post for Branded Content, Research Wells Media Group has named Pamela Simpson to the position of senior strategist, Branded Content and...

Insurance Journal

RSA Canada Taps Cohen from Aviva Canada as SVP, Chief Underwriting Officer

Oct 20, 2017 Toronto-based RSA Canada has appointed Steve Cohen to the newly created role of senior vice president and chief underwriting officer. The SVP and...

Neon Launches Marine Joint Venture in Italy

Oct 20, 2017 Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based...

Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes

Oct 20, 2017 Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States...

Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030

Oct 20, 2017 As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From...

Best's Reviews

Lumbermens CEO: Storm Rebuilding Good for Wood Business, Its Insurers

Oct 19, 2017 John Smith, president and chief executive officer, Pennsylvania Lumbermens Mutual and Indiana Lumbermens Mutual, said the risks of the wood...

NICB: Number of Vehicles Damaged or Destroyed by Hurricane Harvey Exceeds Sandy or Katrina

Oct 19, 2017 Hurricane Harvey destroyed more than 422,000 insured vehicles, according to the National Insurance Crime Bureau. The...

Hamilton Chooses Longtime Munich Re Executive as Next CEO

Oct 19, 2017 Hamilton Insurance Group has chosen Munich Re executive Pina Albo as chief executive officer, effective Feb. 1. She will succeed interim CEO David Brown...

Munich Re Innovation Exec: Few Insurtechs Angling to Become Full-Fledged Insurers

Oct 19, 2017 Bob Mozeika, innovation executive, Munich Re, said most insurance-focused tech startups are developing products and services that...