Industry News

Insurance Journal

Pennsylvania Blocked Again in Bid to Take Insurer’s Cash

Jul 23, 2018 A federal judge is blocking a third attempt in as many years by Governor Tom Wolf and state lawmakers to take at least $200 million in surplus cash from a state-chartered...

There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary

Jul 23, 2018 British Foreign Secretary Jeremy Hunt said the U.K. will not “blink” in Brexit negotiations, as he warned the European Union it...

SoftBank Plans Digital Payments Service in Japan, Eyeing Entry into Insurance, Banking

Jul 23, 2018 SoftBank Group Corp. plans to announce within days that it will start a mobile digital payments service in Japan by the end of 2018...

Tokyo Prosecutors Have Indicted Kobe Steel Over Data Falsification Scandal

Jul 23, 2018 Tokyo prosecutors indicted Kobe Steel Ltd. over the faked data crisis that rocked Japan’s manufacturing industry last year. The company was...

Best's Reviews

Best’s Special Report: Insurers’ Pullback From Hedge Fund Investments Persist

Jul 23, 2018 The U.S. insurance industry continued to reduce its risk appetite for hedge fund investments, as holdings declined year over year by 8...

Global JACS CEO: Volatility Abroad Has Investors Refocusing on US, EU

Jul 20, 2018 Timothy Kovacs, founder and chief executive officer, Global Junction for Alternative Capital Solutions, said market conditions in Latin...

Gothaer Allgemein CEO: Mutual Insurers Thrive on Social Capital

Jul 20, 2018 Christopher Lohmann, chief executive officer, Gothaer Allgemeine, said the German culture puts great value on social capital in which people feel...

Optis Partner: M&A Declines as Brokers Integrate Large Number of 2017 Deals

Jul 20, 2018 Brokers in 2018 are being more selective while integrating a large number of acquisitions and mergers from last year, according to...

Claims Journal

Oregon State Researcher Studies Wildfire Embers

Jul 23, 2018 An Oregon State University professor is using federal funds to conduct research on how embers form and spread during devastating wildfires. Assistant professor David Blunck’s...

Foul Odor Reported From FEMA Trailers Holding Post-Maria Dead

Jul 23, 2018 Residents and visitors to one San Juan neighborhood recently noticed an alarming new smell coming from a parking lot near Puerto Rico’s forensic sciences...

NYC Readies Sandbags to Barricade Steam-Pipe Blast Site

Jul 23, 2018 New York City had sandbags at the ready Friday night to barricade the site of a Manhattan steam-pipe explosion against possible heavy rains that could complicate the cleanup of...

Classic Car Importers Unite With Insurers Against U.S. Auto Tariffs

Jul 23, 2018 More than 2,300 comments flooded the U.S. Commerce Department when it solicited public input on its investigation into whether auto imports pose a threat to...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...