Industry News

Best's Reviews

A.M. Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries

Jul 20, 2017 A.M. Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of...

Insurers Seek Limit to State Inquiry in Challenge Over Florida Death Benefits Law

Jul 20, 2017 Attorneys for four life insurers challenging Florida’s new unclaimed property law have asked a circuit court judge to put a limit...

MGA Platform Castel Expands Specialty Reach With Launch of Global Construction Unit

Jul 20, 2017 Castel Underwriting Agencies Ltd. said its specialty managing general agency division launched a construction unit with the...

RLI Financial Chief: Competition Dampens Property/Casualty Underwriting Appetite

Jul 20, 2017 Competition is driving down premiums for RLI Corp., as the property/casualty insurer focuses on profitable niche markets while...

Business Insurance

Chubb names property manager with North America commercial insurance

Jul 20, 2017 Michelle McLaughlin has been named executive vice president and property manager for...

Markel names construction practice lead

Jul 20, 2017 Markel Global Insurance on Thursday said John Ferguson has been named a director of its U.S. excess casualty team...

Bill requires small business presence on comp fund board

Jul 20, 2017 The California Senate passed a bill Monday that would require the governor to appoint a...

NY businesses to see 4.5% decrease in workers comp premiums

Jul 20, 2017 The New York Department of Financial Services has approved the 4.5% workers compensation...

Property Casualty 360

Hank Greenberg backs new online insurance venture

Jul 20, 2017 The Internet of Things just wooed two new players into the InsurTech ecosystem.

5 fuels for your insurance innovation engine

Jul 20, 2017 Just as auto engines are using different fuels to propel the vehicle, so too should insurance companies looking to drive innovation.

Winning with managed services in the age of InsurTech

Jul 20, 2017 The industry industry's traditional power structure and hierarchy are in trouble due to the democratization of data, the rise of...

Determining apartment building risk

Jul 20, 2017 Resident data can provide insurers with a more comprehensive risk picture.

Insurance Journal

Texas Bill Would Change Workers’ Comp Medical Causation Report Law

Jul 20, 2017 A medical causation narrative report is one created by a doctor that explains a causal connection, if any, between a compensable workplace injury and the...

Verisk: Texas 2nd in Number of Households at Risk for Wildfire

Jul 20, 2017 The 2017 Verisk Wildfire Risk Analysis shows that Texas is ranked second behind California for the number of households at high or extreme risk from wildfire....

General Indemnity Group Acquires Kansas’ Surety Support Services

Jul 20, 2017 General Indemnity Group LLC (GIG), a subsidiary of Boston Omaha Corp., has acquired Surety Support Services Inc., of Overland Park, Kansas. Tracing its origins...

TWFG Honors Top Producers

Jul 20, 2017 Successful insurance agents with The Woodlands, Texas-based TWFG received official recognition and awards during TWFG’s recent convention. President and CEO Gordy Bunch inducted 20 new...

Claims Journal

High Death Toll in Arizona Raises Questions About Flood Warnings

Jul 20, 2017 The search for a man who was swept away in a flash flood that killed nine others at a swimming hole in central Arizona heads into its third day Wednesday. Meanwhile,...

Notorious Jewel Thief Arrested at Georgia Walmart

Jul 20, 2017 A notorious jewel thief with an illicit career spanning six decades has been caught stealing again, but she wasn’t after sparkly gems this time, police near Atlanta say....

Georgia Jury Awards $3.9M to Family for Film Worker’s Train Death

Jul 20, 2017 A railroad owner must pay $3.9 million to the family of a movie worker killed on a Georgia railroad trestle in 2014, a jury decided in a civil verdict that found...

NYC Official Wants State Panel to Probe Wrongful Convictions

Jul 20, 2017 A top Brooklyn, N.Y., politician pressed the state Tuesday to set up a special commission to investigate wrongful convictions and pinpoint the problems – and people...