Industry News

Insurance Journal

Home in Orange County, Florida Partially Swallowed by Sinkhole

Sep 21, 2017 A Florida home has been partially swallowed up by a massive sinkhole. Orange County Fire Rescue spokeswoman Kat Kennedy says crews responded Tuesday morning,...

States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report

Sep 21, 2017 As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers...

AXA Continues Search for Fund Management Partner

Sep 21, 2017 AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion)...

Allstate Would Consider Selling Private Flood Insurance If Federal Program Is Revamped

Sep 21, 2017 Allstate Corp.’s Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood...

Property Casualty 360

Top 10 ZIP codes for fire loss

Sep 21, 2017 Depending on where you live, you know there's a chance of extreme weather coming your way. But are you prepared for a fire?

Zurich North America appoints new CEO

Sep 20, 2017 Kathleen Savio will serve as the Zurich North America's next CEO, effective January 1, 2018.

NU, Flaspöhler re-team for comprehensive risk manager survey

Sep 20, 2017 The 2018 Risk Manager Study will provide valuable information on the challenges, needs and demographics of risk managers...

Auto-Owners Insurance receives PIA's 2017 Company Award of Excellence

Sep 20, 2017 The award honors a company for its commitment to PIA, to the American Agency System and to furthering the interests...

Business Insurance

Ironshore names Bermuda property executives

Sep 20, 2017 Ironshore Inc. said Wednesday that it has name Ian Smith as senior vice president, head of Bermuda property, and...

Data breach lawsuits against Office of Personnel Management dismissed

Sep 20, 2017 A federal judge has dismissed two consolidated lawsuits filed against defendants...

Best's Reviews

Zurich North America CEO to Retire at End of Year

Sep 20, 2017 Mike Foley will retire at the end of the year as chief executive officer of Zurich North America and will be succeeded as CEO by Kathleen Savio, currently president...

Castel Launches Benelux M&A Transactions Platform

Sep 20, 2017 Castel Underwriting Agencies Ltd. said it continued the expansion of its portfolio with the launch of Castel Transact, which offers warranty and indemnity...

Industry Experts: Hurricane-Triggered Outages, Flooding, Supply Problems Generating Heavy Business Interruption Losses

Sep 20, 2017 Hurricanes Harvey and Irma triggered extended flooding and power outages, damaged...

A.M. Best Affirms Credit Ratings of Sooner Insurance Company

Sep 20, 2017 A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Sooner Insurance Company (Sooner...

Claims Journal

FEMA Can’t Rely on Trailers for Hurricane Victim Housing

Sep 20, 2017 The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left hundreds of thousands of Gulf Coast...

Iowa Workers’ Comp Rate Reduction Revives Debate

Sep 20, 2017 Iowa’s governor and the organization that sets workers’ compensation rates are disputing whether a new law influenced a recent rate reduction in premiums for employers....

Category 4 Hurricane Maria Hits Puerto Rico Hard

Sep 20, 2017 Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped...

Oregon Supreme Court Decides the Meaning of ‘Recovery’ for Claims Under ORS §742.061

Sep 20, 2017 Under ORS §742.061, insurance companies are required to pay their insured’s attorney’s fees in Oregon if, in the insured’s lawsuit...