Industry News

Insurance Journal

GE Still Grappling with Legacy Insurance Business

Jan 16, 2018 General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The...

BP Still Paying Gulf Oil Spill Claims as Court Battles Wind Down

Jan 16, 2018 BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history...

Insurance Center of New England Acquires Massachusetts’ Eastman & Davis

Jan 16, 2018 Insurance Center of New England (ICNE), based in Agawam, Mass., has added Eastman & Davis Insurance Agency of West Springfield, Mass., to its company...

Risk Placement Services Announces Opening of Massachusetts Branch Office

Jan 16, 2018 Risk Placement Services (RPS) has announced the opening of a branch office in Hopkinton, Mass. RPS is a managing general agent, underwriting manager and...

Business Insurance

Labor Department rebalances test for intern pay

Jan 16, 2018 The Labor Department has introduced a less stringent test to determine whether employers must pay their interns at least a minimum...

Lloyd's to open Brussels unit by 2019

Jan 16, 2018 Inga Beale, chief executive of Lloyd's of London, said that the insurance market plans to start operations at its Brussels unit by Jan. 1, 2019, to...

Israel imposes $22-million fine on pharmaceutical firm

Jan 16, 2018 The State Prosecutor's Office in Israel has fined Israel-based Teva Pharmaceutical Industries Ltd. $22 million for...

Property Casualty 360

3 steps to disaster-proofing your insurance agency

Jan 16, 2018 It’s vital that everyone in your office understands what to do when business as usual is jeopardized by an unforeseen event.

3 ways agents can control workers’ comp costs

Jan 16, 2018 The path to controlling workers’ comp costs begins with making certain that all relevant information is current and accurate, down to the smallest...

20 safest airlines to fly with in 2018

Jan 16, 2018 To recognize those leading the way, AirlineRatings.com released its annual list of the world's safest airlines. Of the 409 airlines it monitors, 20 stand out as...

Who's using what in P&C insurance: Jan. 15, 2018

Jan 15, 2018 Insurance technology news from MetLife, Crawford & Company, Sapiens, StoneRiver, Appulate, Indium, Convelo Insurance Group, SIUPREM,...

Claims Journal

GM Drops Steering Wheel, Gives Robot Driver Control

Jan 16, 2018 Next year, General Motors Co. will no longer need an engineer in the front seat babysitting the robot brain that controls its self-driving Chevrolet Bolt. The steering wheel...

Autonomous Vehicles: Shifting Landscape of Contractual Liabilities Between OEMs and Tech Companies

Jan 16, 2018 Times are changing for the automotive industry. The introduction of autonomous vehicles (AVs) is changing the players involved in...

December Cold Snap Considered a Freak of Nature

Jan 12, 2018 Consider this cold comfort: A quick study of the brutal American cold snap found that the Arctic blast really wasn’t global warming but a freak of nature. Frigid weather like...

Business News: ClaimRide, Symbility, Agero, Starr Companies

Jan 12, 2018 ClaimRide Partners With Turo in the Vehicle Replacement Market ClaimRide, the leading facilitator of TNC services for the insurance industry, announced a partnership...

Best's Reviews

A.M. Best Assigns Credit Ratings to Hannover Life Reassurance Company of America (Bermuda) Ltd.

Jan 15, 2018 A.M. Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” to...

Maryland Lawmakers Draft Bill to Create State-Based Health Insurance Mandate

Jan 15, 2018 Maryland lawmakers are preparing legislation to create a state-based health insurance mandate to stabilize the state insurance...

Zurich Insurance Names CEO for Germany Unit

Jan 15, 2018 Zurich Insurance Co. Ltd. has named Carsten Schildknecht as the chief executive officer of its Germany unit, replacing Marcus Nagel, who according to the group has left...

Centene Faces Class-Action Lawsuit Over Doctor Access

Jan 15, 2018 Consumers who bought health insurance from Centene Corp. have filed a class-action federal lawsuit against the company and two subsidiaries, alleging they...