Industry News

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Validus Appoints Executives to Lead Three New Company Segments

Dec 11, 2017 Validus Holdings Ltd. has named the senior executives who will lead the company’s three new reportable segments as it develops a global strategy and...

Missouri Regulators Recommend 3% Workers’ Comp Loss Costs Cut for 2018

Dec 11, 2017 The Missouri Department of Insurance is recommending a 3% cut in workers’ compensation loss costs for 2018, meaning rates for in-state...

Aspen Names Former Maybank Exec as Group COO

Dec 11, 2017 Aspen Insurance Holdings Ltd. has appointed David Schick, a former Maybank executive vice president, as group chief operating officer. He succeeds Richard Thornton,...

Ahead of Brexit, Liberty to Redomicile UK Unit to Luxembourg

Dec 11, 2017 As it prepares for the withdrawal of the United Kingdom from the European Union, Liberty Specialty Markets said it will redomicile its U.K.-based...

Insurance Journal

Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report

Dec 11, 2017 Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1...

Bridges Tapped to Lead INSURICA’s Texas Region

Dec 11, 2017 Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president. Bridges is currently the president of...

Lockton Affinity Adds Cyber Coverage to Lawyers PL Program

Dec 11, 2017 Lockton Affinity Lawyer has added CyberLock Lawyer to its portfolio of products for lawyers and firms with one to 19 attorneys. The CyberLock Lawyer cyber risk...

Nebraska Corn Crop Diminished by Strong Winds in Late October

Dec 11, 2017 Several days of strong winds in late October arrived at the wrong time for many farmers who saw their crops shrink as ears of corn fell to the ground in Nebraska...

Business Insurance

Hackers hit major ATM network after US, Russian bank breaches: Report

Dec 11, 2017 (Reuters) — A previously undetected group of Russian-language hackers silently stole nearly $10 million...

Fired asbestos whistleblower gets award

Dec 11, 2017 A whistleblower who reported improper asbestos removal practices at a school worksite has won a $173,794 award after being fired...

Typhoon expected causes $1 billion of economic losses: Aon Benfield

Dec 11, 2017 A report by U.K.-based reinsurance broker Aon Benfield Group Ltd.'s subsidiary Impact...

UK insurer partners with Trust Re to provide cover for wind, solar energy projects

Dec 11, 2017 U.K.-based specialist insurer GCube Underwriting Ltd. has...

Property Casualty 360

Who’s using what in P&C insurance: Dec. 11, 2017

Dec 11, 2017 Technology news from Metromile, Progressive, APT, Insurity, Sirius Group, Fortegra, Clearcover, the Ohio Bureau of Workers’ Compensation and...

U.S. commercial insurance prices stay nearly flat during Q3

Dec 11, 2017 Price changes reported by carriers averaged less than 1% for the ninth consecutive quarter, following a moderating trend in price...

Marijuana use could be jeopardizing safety on the roads, survey finds

Dec 11, 2017 A new survey conducted on behalf of the Property Casualty Insurers Association of America has found that more Americans...

5 ways to increase insurance customer success levels

Dec 11, 2017 While it is true that bringing new prospects into your business is a key part of growth, how you engage and leverage the clients you...

Claims Journal

Staged Plane Crash, False Drought Claim, Chiropractor Bribes Crash VIctims

Dec 11, 2017 Texas Pilot Guilty in Gulf of Mexico Crash Insurance Fraud A Texas pilot who survived a 2012 Gulf of Mexico crash and used an iPad to record his time in...

P&G Becomes Improbable Supporter of Ingredient Disclosure Rule

Dec 11, 2017 It took more than a decade, but California has a new law requiring extensive labeling of ingredients in cleaning products, and it got support from what might...

Vermont Man Maintains Innocence in Relatives’ Mysterious Deaths

Dec 11, 2017 A Vermont man denied in court papers Wednesday allegations that he killed his millionaire grandfather in 2013 and claims he doesn’t know the whereabouts of his...

Fighting Wildfires at Christmas May Become Normal in California

Dec 11, 2017 A week of destructive fires in Southern California is ending but danger still looms. Well into what’s considered the wet season, there’s been nary a drop of...