Industry News

Best's Reviews

Guy Carpenter: Reinsurance Capital Grew Despite 2017 Catastrophes

Jan 18, 2018 Reinsurance markets saw moderate firming of rates at Jan. 1 renewals, as reinsurance capital continued to rise despite high overall catastrophe...

Aetna Agrees to $17 Million Settlement in Class-Action Suit Alleging Privacy Breach

Jan 18, 2018 Aetna Inc. has agreed to pay $17 million to settle a class-action lawsuit in which current and former members claimed their...

California Wildfire Recovery Bills Require Replacement Cost Estimates, Mandatory Replacement Cost Coverage Offers

Jan 18, 2018 A newly introduced California wildfire recovery legislative package sets new requirements for...

W.R. Berkley Combines Two Professional Liability Units Under Berkley Select Name

Jan 18, 2018 W.R. Berkley Corp. is combining two Chicago-based professional liability underwriting units, Berkley Select and Monitor Liability...

Business Insurance

JLT Specialty USA selects Chicago as headquarters

Jan 18, 2018 Brokerage JLT Specialty USA named Chicago as its U.S. headquarters on Thursday, with plans to double the number of staff in the...

Specialty insurer appoints chief operating officer

Jan 18, 2018 Specialty insurer ProAssurance Corp. said Wednesday it has promoted Edward L. “Ned” Rand Jr. to chief operating officer.

Tenn. adds 52 captives in 2017, passes $1B in written premiums

Jan 18, 2018 Tennessee added 52 captives in 2017, surpassing $1 billion in written premiums for the first time, the...

XL unit must defend brokerage in discrimination, harassment suit

Jan 18, 2018 Greenwich Insurance is obligated to defend an insurance brokerage charged with...

Insurance Journal

Lockton Adds Ring as Vice President in Northern California

Jan 18, 2018 Lockton has added David Ring in its Sacramento, Calif. office as a vice president. Ring will be responsible for client consulting and business development for employee...

Insurers Increasing Payments to California Wildfire Victims Sans Itemization

Jan 18, 2018 California Insurance Commissioner Dave Jones on Thursday released the results of the formal notice he issued last month to all residential property...

Arkansas Insurance Commissioner Named Consumer Committee Chair at NAIC

Jan 18, 2018 Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National...

A.M. Best: Ratings Outlooks Negative for Texas-Based Standard Casualty

Jan 18, 2018 A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...

Property Casualty 360

California proposes stronger laws to help wildfire survivors with insurance claims

Jan 18, 2018 Commissioner Jones and legislators unveil the Wildfire Survivors Insurance Recovery Blueprint, a series of...

When must an insured get its own lawyer?

Jan 18, 2018 An insured may think its entitled to separate counsel, but the carrier may disagree. Who wins?

Vehicle crashes and opioid overdoses drive accidental injury to No. 3 cause of death

Jan 18, 2018 The final 2016 data shows a 14% increase in roadway deaths since 2014 — the largest two-year jump in 53...

How to help employers address opioid addiction in the workplace

Jan 18, 2018 Your clients may not know the best approach for supporting employees who are dealing with opioid addiction.

Claims Journal

OSHA Adjusts Penalty Amounts for 2018

Jan 18, 2018 On January 2, civil penalty amounts for violations of workplace safety and health standards increased by two percent from last year. Type of Violation Penalty Serious Other-Than-Serious...

Business News: Coverys, CargoNet, Novarica

Jan 18, 2018 Coverys Invests in Patient Engagement, Medical Education Companies Coverys, a medical professional liability insurance provider, announced investment in two separate organizations,...

Hackers Have Stolen About 14% of Big Digital Currencies

Jan 18, 2018 Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-...

Major U.S. Firms Unprepared for 2017 Hurricanes

Jan 18, 2018 For senior financial executives at large U.S.-based companies with operations in Texas, Florida or Puerto Rico, last year’s hurricane season brought not only catastrophe to...