Industry News

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Generali Fills Newly Created Operations and Insurance Role as Part of Streamlining Strategy

Dec 14, 2017 Assicurazioni Generali SpA announced the creation of a new executive position for operations and insurance management in...

Zhong An Forms Joint Venture With Hong Kong’s Sinolink to Explore Overseas Markets

Dec 14, 2017 Zhong An Online Property & Casualty Insurance Co. Ltd. has agreed to establish a joint venture company with Hong Kong...

Philippine Insurers’ Net Income Up 22% in Third Quarter

Dec 14, 2017 The Philippine insurance industry posted a growth of 22% in net income during the third quarter this year, mainly due to the increase in underwriting and...

A.M. Best Places Credit Ratings of Midrox Insurance Company Under Review with Positive Implications

Dec 14, 2017 A.M. Best has placed under review with positive implications the Financial Strength Rating of B+ (Good) and Long...

Insurance Journal

Wells Fargo Sued by Navajo Nation for Alleged Predatory Tactics

Dec 14, 2017 The Navajo Nation announced that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal...

Cheech of Cheech & Chong Heralds New Tool for California Pot Businesses

Dec 14, 2017 Comedian and legendary stoner Cheech Marin doesn’t want your pot business to go up in smoke. That’s why he’s in a new public service...

Startups Selected for Inaugural InsurTech Acceleration Program in Hartford

Dec 14, 2017 Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the...

A.M. Best Revises Outlooks to Negative for Crusader Insurance in California

Dec 14, 2017 A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit...

Claims Journal

Online Drought Aid Map Being Deactivated at End of Month

Dec 14, 2017 An interactive map set up in early summer to help drought-impacted North Dakota farmers and ranchers find hay for their livestock had participation from 33 states and has...

NOAA Reports Permafrost Thawing at a Faster Pace

Dec 14, 2017 Permafrost in the Arctic is thawing at a faster clip, according to a new report released Tuesday. Water is also warming and sea ice is melting at the fastest pace in 1,500...

New Wrong-Way Signs Slated for Some Las Vegas Interchanges

Dec 14, 2017 Signs activated by radar and equipped with red flashing lights to warn drivers going the wrong direction are slated to be installed at some highway exit ramps in Las Vegas....

Winds Persist as Wildfires Continue to Threaten Homes in California

Dec 13, 2017 The winds aren’t changing for Southern California’s wildfires yet. The fifth largest blaze in state history was threatening thousands of homes as it...

Business Insurance

One month to go: US Insurance Awards deadline nears

Dec 14, 2017 Business Insurance launched a new awards and risk management education fundraising program last month, and the...

Pipeline fracture halts shipments of quarter of total North Sea oil production

Dec 14, 2017 Swiss petrochemicals firm Ineos Group Holdings S.A. has declared...

Swiss Re, Caribbean catastrophe risk insurance facility to provide cover to Caribbean nations

Dec 14, 2017 Swiss Re Ltd. and Cayman Islands-based Caribbean...

IAG likely to divest stake in Malaysian insurer: Sources

Dec 14, 2017 Insurance Australia Group Ltd. is likely to divest its 49% stake in Malaysia-based AmGeneral Insurance Berhad and...

Property Casualty 360

2017's 10 most hazardous toys

Dec 14, 2017 The Boston-based nonprofit World Against Toys Causing Harm, Inc. (W.A.T.C.H.) has released its annual list of the 10 worst toys of 2017.

6 ways cybersecurity will impact insurers in 2018

Dec 14, 2017 An increase in cyber risks provides more opportunities for insurers to create new products and educate policyholders.

Here are the safest vehicles on the road for 2018

Dec 14, 2017 Just 15 vehicles qualify for the Top Safety Pick+ after requires were strengthened to factor headlights and passenger-side protection.

How insurers can identify fraudulent claims before they are paid

Dec 14, 2017 Using advanced analytics, it is now possible to adopt a predictive approach to insurance fraud detection.