Industry News

Insurance Journal

Brokerslink Names Fonseca, MDS Group’s CEO, as Chairman, Replacing Allard

Oct 16, 2018 Global broking network Brokerslink announced it has appointed José Manuel Fonseca as its new chairman, replacing Grégory Allard, who steps down...

UK Needs to Get ‘Good and Scared’ About No-Deal Brexit: Opinion

Oct 16, 2018 The European Union summit in Brussels this week was meant to be historic: a Brexit divorce deal would be reached and sent to parliaments to be approved....

Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources

Oct 16, 2018 Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang...

UK Cyber Security Center Blames Most Attacks on Hostile States

Oct 16, 2018 The U.K.’s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it’...

Claims Journal

California Train Agency Fined $650,000 for Worker Deaths

Oct 16, 2018 Regulators fined the San Francisco Bay Area’s transit agency $650,000 on Thursday for safety failures that led a commuter train to strike and kill two workers inspecting...

Report: Homes in Fire-Prone Areas Hike Missoula Firefighting Costs

Oct 16, 2018 Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded...

In a Proactive Move, PG&E Cuts Power to 60,000 to Prevent Wildfires

Oct 16, 2018 PG&E Corp. deliberately left customers in the dark for the first time as a precaution to prevent wildfires from breaking out. Almost 60,000 customers in six...

Property/Casualty Industry’s Net Income More Than Doubles to $34B in First-Half 2018

Oct 16, 2018 Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion...

Best's Reviews

Distribution, Business Development Director Named for ArgoGlobal’s Italy Affiliate

Oct 15, 2018 Marcello Lombardini was appointed as distribution and business development director for ArgoGlobal Assicurazioni S.p.A., an Italy...

Wisconsin Governor Cites State Reinsurance Program for 4.2% Cut to 2019 Individual Health Insurance Rates

Oct 15, 2018 Wisconsin individual health insurance rates will drop by 4.2% on a weighted average in 2019, compared with...

JLT Continues Global Facultative Expansion With North America Hire

Oct 15, 2018 Jardine Lloyd Thompson Group’s reinsurance segment said it continued the strategic growth of its JLT Fac division with the appointment of Joe...

Optis Partners: Broker Mergers and Acquisitions Surge Amid Aggressive Valuations

Oct 15, 2018 Broker mergers and acquisitions surged in the third quarter amid aggressive activity and valuations, according to a report from Dan...

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...