Industry News

Insurance Journal

XL Catlin, McGowan Companies to Offer Coverage for Workplace Violence

Jun 27, 2017 XL Catlin has entered into an exclusive underwriting agreement with The McGowan Companies to provide workplace violence insurance to U.S. businesses. Nearly...

Former Kentucky Teacher Receives $500K Settlement in Retaliation Lawsuit

Jun 27, 2017 A former teacher and volleyball coach is receiving a $500,000 settlement in a lawsuit against a Kentucky school district where she said she became the...

Scott Picks Public Service Commissioner Patronis as New Florida CFO

Jun 27, 2017 Gov. Rick Scott has tapped Jimmy Patronis, a member of the Florida Public Service Commission and a former Florida State Representative, as Florida’...

Cheaper Cyber Insurance in the Works for Apple, Cisco Customers

Jun 27, 2017 Apple Inc. is working with Cisco Systems Inc. to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance...

Property Casualty 360

Legalizing recreational marijuana linked to increased car crashes, insurance study finds

Jun 27, 2017 Legalizing recreational marijuana use has resulted in collision claim frequencies that are about 3%...

How directors and officers can reduce cyber liability exposure

Jun 27, 2017 Companies and corporations must take decisive steps as high-profile data breaches become more commonplace.

Anthem agrees to $115 million settlement over data breach

Jun 26, 2017 Anthem agreed to pay $115 million to resolve consumer claims over a 2015 cyber-attack that compromised data on 78.8 million people,...

Lloyd's of London to cut 10% of U.K. staff as rates bite

Jun 26, 2017 Lloyd’s plans to introduce a new organization structure in the fourth quarter and the job cuts will be part of that change.

Business Insurance

Apple, Cisco team up to push for cyber security insurance discounts

Jun 26, 2017 (Reuters) — Apple is working with Cisco Systems to help businesses that primarily use gear...

Lloyd’s of London CEO warns of belt-tightening ahead

Jun 26, 2017 A 10% cut in corporate headcount and continued focus on costs will pave the way forward for Lloyd’s of London,...

Property/casualty insurer profit drops 42.2% in first quarter

Jun 26, 2017 The private U.S. property/casualty insurance sector’s first-quarter 2017 net income fell 42.2%...

Charges against artificial hip maker not pre-empted by federal law

Jun 26, 2017 A federal appeals court has reinstated negligence and product liability claims against...

Best's Reviews

Four-term GOP House Member Appointed as Florida’s New Chief Financial Officer

Jun 26, 2017 Florida Gov. Rick Scott has named former four-term Republican state representative Jimmy Patronis as the state’s new Chief Financial...

AHIP Questions Medicaid Cuts in ACA Bill; Some Senators Seek Slower Pace for Vote

Jun 26, 2017 America’s Health Insurance Plans expressed concern the new Senate bill designed to replace the Affordable Care Act would cut...

Lloyd’s CEO: Job Cuts Ahead as Market Seeks to Address ‘Performance Gaps’

Jun 26, 2017 Lloyd’s is facing tough tasks including job cuts, preparation for the United Kingdom’s exit from the European Union, an effort to improve...

Zenefits FTW Insurance Services Agrees to Pay $3.4 Million to Cover Payments to Employees

Jun 26, 2017 Zenefits FTW Insurance Services has reached a $3.4 million agreement with the U.S. Labor Department to settle a probe that...

Claims Journal

Many Coastal Homeowners Remain Unfamiliar With Hurricane Deductibles

Jun 26, 2017 Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, a new...

Workers’ Comp Affected by Changing Workforce

Jun 26, 2017 The workers’ comp industry is in for big changes as older workers continue to stay on the job longer and more Latinos are employed in the workplace. These changes to the U.S....

Attitudes, Legal Standards’ Impact on Police Convictions

Jun 26, 2017 In the three years since fatal police shootings of unarmed black people launched the Black Lives Matter movement, few officers have been charged and none has been convicted...

Dash Cam Viral Video Captures Oregon Road Rage Crash

Jun 26, 2017 An Oregon, man who purchased a dashboard camera found himself in demand after a June 3 road rage incident that ended with a car suspended on the cable stay of a power pole. The...