Industry News

Insurance Journal

AIR Worldwide Introduces Inland Flood Model for Japan

Oct 23, 2017 Catastrophe modeling firm AIR Worldwide has introduced a new inland flood model for Japan along with enhancements to its Japan typhoon model. These models are part of...

UK Must Secure Brexit Transition Deal or Risk Losing Jobs: Business Leaders

Oct 23, 2017 The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders...

New Hampshire’s Optisure Risk Partners Promotes Arnold

Oct 23, 2017 Optisure Risk Partners, a Manchester, N.H.-based insurance broker, has promoted Christopher Arnold to vice president of its Sutton James Aviation division. In this role,...

Marsh Taps Saunders from UK National Crime Agency as Cyber Risk Consultant

Oct 23, 2017 Marsh announced the appointment of Dr. Jamie Saunders as a strategic adviser on cyber risk management within its UK specialist cyber security and...

Property Casualty 360

Protecting against cyber risks

Oct 23, 2017 Today’s “beasts” can look like viruses, ransomware, denial of services (DOS) attacks or data breaches for businesses.

Florida insurance commissioner eyes workers' comp rate cut

Oct 23, 2017 Fewer workers are filing workers' compensation claims, helping lower the costs Florida employers will pay for insurance next...

Get ready: A cyber attack is coming

Oct 23, 2017 Cyber attacks are almost inevitable, which makes them somewhat of a predictable business risk.

Top 10 cities attracting millennial homebuyers

Oct 23, 2017 When they want to start settling down, many millennials are opting for the quieter life — but where there are still plenty of career opportunities.

Claims Journal

Missouri Man Sues After Workplace Accident Leads to Amputation

Oct 23, 2017 A northwest Missouri man has filed a civil lawsuit for a workplace accident that resulted in the loss of his lower arms. The News-Press Now reports that Brent Sherman...

7,000 Buildings Destroyed by Deadly California Wildfires

Oct 23, 2017 California officials have raised the number of homes and structures destroyed in this month’s wildfires to nearly 7,000 and said Thursday that the number will likely...

Slow Recovery, Reconstruction After Mexico Quake

Oct 23, 2017 Wearing a hardhat, Rodrigo Diaz Mejia steps onto the hood of a crushed car and then gingerly into an apartment cracked open by the Sept. 19 earthquake. Inside he spots a...

Warm Winter Forecasted for Much of U.S.

Oct 23, 2017 Much of the U.S. should expect another warm winter, but not quite as toasty as the last two years, forecasters said. The National Oceanic and Atmospheric Administration on Thursday...

Business Insurance

Magnitude-5.4 quake hits New Zealand

Oct 23, 2017 New Zealand's seismic monitoring agency GeoNet said that a 5.4-magnitude earthquake struck near Kaikoura in the country's South Island on Oct. 22.

Australian insurance broker to acquire Singapore-based insurance intermediary

Oct 23, 2017 Australia-based insurance broker Honan Insurance Group Pty. Ltd. plans...

Typhoon spurs factories to shutter, flight cancellations

Oct 23, 2017 Typhoon Lan caused All Nippon Airways Co. Ltd. and Japan Airlines Co. Ltd. to cancel 350 flights on Oct. 22 and an...

African reinsurance market won’t be affected by global market problems: Report

Oct 23, 2017 A report by Swiss research firm Dr. Schanz, Alms and Co. found...

Best's Reviews

CoreLogic Says Hurricane Nate Losses Could Total $1.35 Billion

Oct 20, 2017 Hurricane Nate caused an estimated $650 million to $1.35 billion in insured and uninsured losses after striking the central Gulf coast in early...

White House Asks Court to Reject Bid to Force Continued CSR Payments

Oct 20, 2017 Lawyers for the Trump administration urged a federal judge to reject a request by 19 state attorneys general to immediately restore funding to...

Hannover Re CEO: Large Hurricane Losses Could Spark 40%-50% Rate Hikes for Florida Property

Oct 20, 2017 Hannover Re’s profit target is threatened by catastrophes that could have “very, very different consequences for the...

Two Montana Health Insurers’ Rates Spike in Wake of Trump Order Ending CSR Funds

Oct 20, 2017 Revised average individual health insurance rates will increase significantly for two of the three companies in Montana’s health...