Industry News

Insurance Journal

Unlicensed Contractor Arrested by Florida Disaster Fraud Strike Team

Oct 24, 2017 An unlicensed contractor from Fort Myers, Fla., has been arrested after he was found to be conducting subpar roof repairs and operating without insurance in...

Collision Between Car, 2 School Buses Injures 10 in South Carolina

Oct 24, 2017 South Carolina state troopers say 10 people, including eight students, were injured when two school buses were involved in related crashes. Troopers tell...

Georgia Reports $4.7M Recovered for Insurance Consumers So Far in 2017

Oct 24, 2017 The Georgia Department of Insurance’s Consumer Services Division answered more than 8,778 complaints and helped consumers receive $4,828,385 million...

Train Derailment in Tennessee Sends Multiple Rail Cars Into Buildings

Oct 24, 2017 Authorities in Tennessee say a Norfolk Southern train derailed in Knoxville, sending rail cars carrying shipping containers off the tracks, with some of...

Property Casualty 360

Interpreting dwelling clauses in homeowners' policies

Oct 24, 2017 While insureds are riding a winning streak in these disputes, insurance companies continue to deny claims on the basis of...

Who’s using what in P&C insurance: Oct. 23, 2017

Oct 23, 2017 Technology news from Betterview, AXIS Insurance, Duck Creek, 3rd Eye, Gorilla Safety, Gridiron Insurance Underwriters, Snapsheet and more...

General Motors agrees to $120M ignition switch settlement with states

Oct 23, 2017 The states claimed GM employees knew as early as 2004 that the ignition switch could be a safety risk. But recalls were...

The Hartford, Aetna deal designed to enhance tech-driven differentiation

Oct 23, 2017 The Hartford has entered into a definitive agreement to acquire Aetna’s U.S. group life and disability business for...

Business Insurance

Lloyd’s lowers hurricane loss estimates

Oct 23, 2017 Lloyd’s of London said it has paid some $900 million in claims thus far for hurricanes Harvey, Irma and Maria, as the insurer also lowered...

Late notice shields Nautilus Insurance from shooting victim’s suit

Oct 23, 2017 A nightclub waitress who was shot when armed gunmen entered her workplace cannot recover...

Ryan Specialty to acquire Houston wholesale broker

Oct 23, 2017 Ryan Specialty Group has reached a definitive agreement to acquire Houston-based wholesale insurance...

Best's Reviews

Texas Insurance Department Rejects TWIA Request to Raise Maximum Liability Limits

Oct 23, 2017 Texas Insurance Commissioner Kent Sullivan has rejected a Texas Windstorm Insurance Association request to increase caps on...

Axis Capital Names CEO for Reinsurance Unit

Oct 23, 2017 Axis Capital Holdings Ltd. has named Steve Arora chief executive officer of its reinsurance arm. As leader of Axis Capital’s $2.2 billion Axis Re reinsurance business...

A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Company’s Forthcoming Surplus Notes

Oct 23, 2017 A.M. Best has assigned a Long-Term Issue Credit Rating of “a” to the $750 million 4.30% surplus notes due 2067...

Qatar Insurance Cites Catastrophes, UK Ogden Rate as Nine-Month Profit Falls

Oct 23, 2017 Catastrophe losses and soft market conditions weighed on results for Qatar Insurance Co., as the insurer reported a sharp fall in nine-...

Claims Journal

Officials in Oregon Warn of Increased Deer Collision Risk

Oct 23, 2017 Migrating deer populations in Oregon are at an increased risk of being killed this time of year as the animals move from mountainous areas to lower elevations for the winter...

Judge Tosses $417M Jury Award Against Johnson & Johnson

Oct 23, 2017 A judge on Friday tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson talc-based baby powder for...

Settlement Reached in Oklahoma Earthquake Injury Lawsuit

Oct 23, 2017 A settlement has been reached between two Oklahoma oil and natural gas companies and a woman injured in a 2011 earthquake. Prague resident Sandra Ladra filed the...

Missouri Man Sues After Workplace Accident Leads to Amputation

Oct 23, 2017 A northwest Missouri man has filed a civil lawsuit for a workplace accident that resulted in the loss of his lower arms. The News-Press Now reports that Brent Sherman...