Industry News

Property Casualty 360

5 strategic changes for closing more sales

Feb 22, 2018 Maybe you know, without any doubt, that something has to change. But what?

Marsh's update political risk map sees tensions and turbulence for 2018

Feb 22, 2018 Global political risks appear to be increasing in 2018, not decreasing, according to the latest Political Risk...

Massachusetts top court limits definition of ‘regular compensation’ in workers’ comp case

Feb 22, 2018 The definition of "regular compensation" in many states determines when an injured employee can...

Motor vehicle deaths dipped slightly in 2017

Feb 22, 2018 Approximately 4.57 million people were seriously injured in motor vehicle crashes in 2017, and costs to society totaled $413.8 billion.

Insurance Journal

After Poor Results, Greenlight Re ‘Repositioning,’ Entering New Classes of Business

Feb 22, 2018 Hedge fund manager David Einhorn said a shift in favor of value stocks may soon be coming even after his firm posted its worst...

New Jersey Fire Destroys Squad’s Five Ambulances, Causes $2M in Damage

Feb 22, 2018 A fast-moving fire has gutted an ambulance squad’s building in New Jersey, destroying five ambulances and causing at least $2 million in damage. The...

Amtrak: NJ Transit Trains Could Be Banned from New York

Feb 22, 2018 Amtrak could prevent New Jersey Transit trains from entering New York if NJ Transit doesn’t finish installing positive train control. Amtrak President and CEO Richard...

Risk Strategies Acquires New York City’s Prosurance Redeker Group

Feb 22, 2018 Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance...

Business Insurance

European Commission slaps $670 million fines on cartels

Feb 22, 2018 The European Commission has fined four maritime car carriers and three car-parts suppliers a total of €546 million...

Iranian insurer to cover losses from aircraft crash

Feb 22, 2018 Bimeh Iran (Iran Insurance Co.) said that it will pay about $46,000 for each passenger and crew member of the Iran Aseman...

Insurers' storm bill to exceed $20 million

Feb 22, 2018 Data from the Insurance Council of New Zealand showed that the storm which hit the country in January is likely to cost insurers more than...

Axa likely to sell its unit in Azerbaijan

Feb 22, 2018 France-based insurer Axa S.A. is likely to sell its subsidiary in Azerbaijan – AXA MBask Insurance Co.

Claims Journal

Hawaii Task Force Working on Removing Hazardous Trees

Feb 22, 2018 A task force is working on eradicating albizia trees on the east side of Big Island within the next several weeks. The Hawaii Island Albizia Task Force has planned four control...

People News: Hiscox, Mississippi Insurance Dept., Innovative Coverage Concepts

Feb 22, 2018 McLaughlin Named Chief Financial Officer for Hiscox in the US Hiscox, the international specialist insurer, announced today the appointment of...

FAA Asked to Review Carry-on Bag Issue During Emergencies

Feb 22, 2018 A number of passengers aboard an American Airlines flight that caught fire at Chicago’s O’Hare International Airport in 2016 refused to leave behind their...

Insurers Begin Modeling Casualty Catastrophes

Feb 21, 2018 Scenario-based modeling has been used for property risk for some time, but its application in the casualty area is recent, according to Robin Wilkinson, vice president and...

Best's Reviews

US Supreme Court Declines to Hear Mercury Casualty Homeowners’ Rate Cut Appeal

Feb 21, 2018 The U.S. Supreme Court has rejected an appeal by Mercury Casualty Co. to overturn California courts’ decisions that upheld an order...

Travelers Appoints First Enterprise Chief Data and Analytics Officer

Feb 21, 2018 Travelers Cos. has appointed Bruce Gifford to the newly created position of enterprise chief data and analytics officer. He is charged with...

Everest Insurance Expands Private Company/Nonprofit Unit With New Hires

Feb 21, 2018 Everest Re Group Ltd. said it added staff to a newly formed private company/not-for-profit liability unit within the financial lines...

Universal President: Service Subsidiary Income Yields $7.2 Million Benefit From Hurricane Irma

Feb 21, 2018 Universal Insurance Holdings posted a $7.2 million aggregate net pretax benefit at year-end from Hurricane Irma after...