Industry News

Insurance Journal

Russia National Reinsurance Co. to Expand into China, India, Middle East & Africa

Sep 22, 2017 Russian National Reinsurance Co. (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums...

MGA Agora Receives ‘in Principle’ Approval to Set Up Lloyd’s Syndicate

Sep 22, 2017 Asta, the leading third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s...

Drugs in Workplace a Danger to Workers and Drag on Productivity

Sep 22, 2017 At Philip Tulkoff’s food-processing plant in Baltimore, machines grind tough horseradish roots into puree. “If you put your arm in the wrong place,...

Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art

Sep 22, 2017 Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art...

Property Casualty 360

5 South Florida lawyers arrested in alleged insurance fraud scheme

Sep 22, 2017 Detectives arrested five South Florida personal injury attorneys accused of participating in an insurance fraud with...

Bake the cake: The 6 P’s to insurance sales excellence

Sep 22, 2017 After spending 20 years in sales with corporate America, the author has determined that a good sale is like baking a cake.

Is it possible to fix the healthcare system?

Sep 22, 2017 Congress needs to understand the basic tenets of insurance before it can take action.

5 warning signs of an embezzler

Sep 22, 2017 It might be hard to catch an embezzler because some of the characteristics of him or her may be counterintuitive.

Claims Journal

Iowa Supreme Court Hears $75 Speed Camera Ticket Case

Sep 22, 2017 An Iowa woman who says she was wrongly ticketed by an automated traffic camera when she wasn’t speeding has accomplished the unusual feat of getting the state Supreme...

Nevada Mimics Quakes to Test Bridge Designs

Sep 22, 2017 A day after a deadly earthquake struck Mexico City, University of Nevada scientists mimicked quakes to test new bridge designs developed to help the structures better withstand violent...

New Study Finds FEMA Houston Flood Maps Outdated Long Before Harvey

Sep 22, 2017 The Federal Emergency Management Agency’s flood plain maps for parts of southeastern Houston were woefully out-of-date long before Hurricane Harvey...

Are your Letters Filled with Old-Fashioned Phrases?

Sep 22, 2017 Old-fashioned words and phrases clutter up claims letters, detract from a professional image and do not belong in your templates or free-form missives. I’ll list a few of...

Business Insurance

Hurricane Maria causes widespread flooding, destroys hundreds of home in Puerto Rico

Sep 22, 2017 Hurricane Maria, which hit Puerto Rico on Sep. 21, caused...

China orders German automotive parts maker's supplier to halt operations

Sep 22, 2017 Chinese authorities have ordered the supplier of German automotive parts maker...

Magnitude-5.7 quake strikes Indonesia

Sep 22, 2017 The U.S. Geological Survey said that a magnitude-5.7 earthquake struck off the coast of Indonesia in the Java Sea on Sep. 21 raising concerns about a...

Armenian insurance market grows more than 5%

Sep 22, 2017 Armenian insurance market grew more than 5% in the first half, driven by a more than 51% increase in cargo insurance.

Best's Reviews

A.M. Best Withdraws Credit Ratings of MAPFRE MÉXICO, S.A. and MAPFRE Fianzas, S.A.

Sep 21, 2017 A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR)...

CoreLogic Chief Scientist: Most Harvey Flood Losses Were Outside 100-Year Zones

Sep 21, 2017 Howard Botts, chief scientist, CoreLogic, said the company estimates 70% of losses in Hurricane Harvey were outside mandatory flood...

Pioneer Underwriters Gains Lloyd’s Approval for New Syndicate

Sep 21, 2017 Pioneer Underwriters and Asta Managing Agency Ltd., a third-party managing agent at Lloyd’s, said they received “in principle” approval from Lloyd’s...

IGI President: Middle East Insurers Eye Expansion in Africa, Asia

Sep 21, 2017 Waleed Jabsheh, president of International General Insurance, said his organization just established an office in Casablanca, Morocco. Jabsheh...