Industry News

Business Insurance

Environmental services firm can contest OSHA citation after water-damage delay

Oct 19, 2017 The Occupational Safety and Health Review Commission reversed an...

Ironshore ups political risk capacity

Oct 19, 2017 Ironshore Insurance Ltd.’s Singapore branch on Thursday said it had increased capacity for political risk...

US-EU covered agreement adds clarity but will take time to implement

Oct 19, 2017 The covered agreement reached between the United States and the European Union in...

AIG UK underwrites M&A policy using Islamic principles

Oct 19, 2017 (Reuters) — AIG U.K. on Thursday said it had underwritten its first sharia-compliant...

Best's Reviews

A.M. Best Assigns Credit Ratings to Protector Forsikring ASA

Oct 19, 2017 A.M. Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Protector Forsikring ASA (Protector...

Fund Manager: Insurers Seek Larger Component of Profitability From Investment Portfolios

Oct 19, 2017 Insurance companies are looking to their investment portfolios to improve future profitability for their overall business,...

Assurant Plans Global, Emerging Technologies Expansion With $2.5 Billion Acquisition of the Warranty Group

Oct 18, 2017 Assurant Inc. is acquiring the Warranty Group in a $2.5 billion deal intended to broaden its global reach...

A.M. Best Assigns Issue Credit Ratings to UnitedHealth Group Incorporated’s Forthcoming New Senior Unsecured Notes

Oct 18, 2017 A.M. Best has assigned Long-Term Issue Credit Ratings of “bbb+” to the forthcoming $300 million...

Insurance Journal

Fire at Large California Oil Refinery Doused

Oct 19, 2017 A fire that erupted at the West Coast’s largest oil refinery threatened storage tanks and sent huge flames into the sky and black smoke across neighborhoods before crews quickly...

New Rules for Oil-Gas Lines Proposed Following Colorado Blast

Oct 19, 2017 Colorado energy regulators are proposing tighter rules for shutting down oil and gas pipelines after a fatal explosion blamed on natural gas leaking from a line that...

California’s Chief Utility Regulator Says We May Never Know if PG&E Caused Fires

Oct 19, 2017 California’s chief utility regulator said the state may never determine whether PG&E Corp.’s electrical equipment played a role...

Woodruff-Sawyer in California Names Berry Leader of Private Equity and Venture Capital Group

Oct 19, 2017 Woodruff-Sawyer & Co. has named Dan Berry leader of the firm’s private equity and venture capital group. Berry is a senior vice...

Claims Journal

Focus on PG&E as California Wildfire Victims Sue

Oct 19, 2017 Northern California homeowners allege in a lawsuit filed Tuesday that Pacific Gas & Electric Co. failed to adequately protect its power lines before the region’s deadly...

Business News: Progressive, Hiscox, Berkley Aspire

Oct 19, 2017 Progressive Announces New Flo Chatbot Progressive Insurance announced a new Flo Chatbot experience on Facebook Messenger. The tool, enhanced by artificial intelligence and...

Autonomous Cars Would Ease Traffic, Increase Sprawl

Oct 19, 2017 A new study inspired by Boston’s early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road...

Smartphones Are Killing Americans, But Nobody’s Counting

Oct 19, 2017 Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008,...

Property Casualty 360

Printing in 3D: Who's liable for product failures?

Oct 19, 2017 New printing technology is creating unique claims for insurers.

Kentucky legislature overlooks examinations under oath

Oct 19, 2017 New legislation impacts fraud investigation efforts.

What words insurance clients do and don’t want to hear

Oct 19, 2017 A Chubb research project found that it’s not what you say to prospects that matters; it’s what they hear.

Commercial auto insurance market update: Rough road to profitability

Oct 19, 2017 Experts cite highly competitive pricing, more distracted driving and the increasing frequency and severity of medical...