Industry News

Business Insurance

Insurance trades weigh in on compound medication preauthorization proposal

Oct 18, 2017 Insurance trade associations voiced support for a proposed rule by Texas...

Bill could reinstate impairment rating evaluations in Pennsylvania

Oct 18, 2017 A fight is brewing between those who want to prevent higher workers compensation premiums in...

Marsh appoints Siegmund Fahrig as chief executive for Continental Europe

Oct 18, 2017 Marsh & McLennan Cos. Inc. has appointed Siegmund Fahrig as chief executive of...

More sectors flood to purchase cyber insurance as policies evolve: Beazley

Oct 18, 2017 Paul Bantick, team leader for technology, media and business services...

Insurance Journal

AXIS Capital Completes Purchase of Novae; Executive Team Announced

Oct 18, 2017 AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at...

The Hilb Group Acquires Delaware’s CNC Insurance Associates Inc.

Oct 18, 2017 The Hilb Group LLC (THG), a property and casualty insurance and employee benefits broker, has acquired CNC Insurance Associates Inc. (CNC). The transaction became...

New York Finalizes Regulations to Crack Down on Title Insurance Industry

Oct 18, 2017 The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the...

Alliant in California Names Morana Senior Vice President in Pharmacy Practice

Oct 18, 2017 Newport Beach, Calif.-based Alliant Insurance Services has named Sal Moranato a senior vice president and pharmacy practice lead in its pharmacy...

Property Casualty 360

Here's why some fire damage claims go up in smoke

Oct 18, 2017 Comb through insurance policy language to determine exactly what property is covered after a fire.

Around the P&C insurance industry: October 18, 2017

Oct 18, 2017 News from Sovos, West Bend Mutual Insurance Company, Trov and more.

CallVU study: Today's consumers prefer digital customer service

Oct 18, 2017 Most people still prefer making a telephone call when it comes to customer service. But the number of digital adopters...

NU Agency of the Year Award, Curabba Agency: Classic values, new tactics

Oct 18, 2017 Learn how a small-town, old-fashioned insurance agency tweaks its business model to compete in the digital age.

Claims Journal

Forest Thinning Project Saved Oregon Homes From Fires

Oct 18, 2017 Lightning started a forest fire one August afternoon near this Oregon tourist town, and it was spreading fast. Residents in outlying areas evacuated as flames marched toward...

Oil Rig Blast on Louisiana Lake Injures Many, 1 Missing

Oct 17, 2017 An oil rig explosion on a lake north of New Orleans, apparently caused when cleaning chemicals ignited, injured seven people and left authorities searching for another...

Decisions Still Pending on 3 Florida FEMA Appeals

Oct 17, 2017 Florida communities cleaning up and making repairs after Hurricane Irma may expect the U.S. government to reimburse their costs, but an analysis by The Associated Press shows...

P&C Insurance Claims Transformation in 2017 – Retrospective and Prospective

Oct 17, 2017 Insurance carriers have made an unprecedented investment to improve the integrity of their claims systems and processes. This transformation started...

Best's Reviews

US Senators Reach Bipartisan Deal to Stabilize Markets, Fund CSRs

Oct 17, 2017 Republican and Democratic senators have reached a tentative deal to stabilize the individual health care markets and restore funding to the...

JLT Re Head of Analytics: Upcoming Reinsurance Renewals Could Resemble Post-2011 Period

Oct 17, 2017 David Flandro, global head of analytics, JLT Re, said 2017’s lineup of disasters rivals the losses of 2011, which impacted...

Brown & Brown CEO: Catastrophe-Inspired Rate Increases May Not Last

Oct 17, 2017 Following several hurricane strikes, the question in the industry isn’t whether coastal property insurance rates will increase, Brown &...

Aviva Completes £600 Million Bulk Annuity Deal With Education Group Pearson

Oct 17, 2017 Aviva plc has announced the completion of a £600 million (US$790 million) bulk annuity transaction that will cover about 2,400 members...