Industry News

Business Insurance

DaVita pharmacy unit settles U.S. billing probe for $63.7 million

Dec 14, 2017 (Reuters) — A pharmacy services unit of DaVita Inc. will pay $63.7 million to resolve allegations it...

Insurer not obligated to defend stable in jockey injury

Dec 14, 2017 A Selective Insurance Group unit has no obligation to defend a racing stable charged with improperly disposing the...

Best's Reviews

AIA Opposes Florida Bill Expanding Workers’ Comp Benefits to PTSD Sufferers Without Injuries

Dec 14, 2017 The American Insurance Association opposes legislation moving through Florida state Senate committees that would allow...

Hyperion’s Howden Enters Mexico Market With Grupo Ordás Partnership

Dec 14, 2017 Hyperion Insurance Group’s Howden affiliate said it entered Mexico’s insurance market through an agreement that will see Mexican broker Grupo...

Farmers Estimates a $90 Million Net Incurred Loss From Northern California Wildfires in October

Dec 14, 2017 Farmers Insurance said it is estimating a net incurred loss of $90 million following what the insurer said was...

A.M. Best Affirms Credit Ratings of El Águila, Compañía de Seguros, S.A. de C.V.

Dec 14, 2017 A.M. Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of “...

Claims Journal

Researchers Say Harvey’s Deluge Three Times More Likely Due to Global Warming

Dec 14, 2017 Global warming’s fingerprints were all over the record rainfall from Hurricane Harvey this year, confirming what scientists suspected, according...

Online Drought Aid Map Being Deactivated at End of Month

Dec 14, 2017 An interactive map set up in early summer to help drought-impacted North Dakota farmers and ranchers find hay for their livestock had participation from 33 states and has...

NOAA Reports Permafrost Thawing at a Faster Pace

Dec 14, 2017 Permafrost in the Arctic is thawing at a faster clip, according to a new report released Tuesday. Water is also warming and sea ice is melting at the fastest pace in 1,500...

New Wrong-Way Signs Slated for Some Las Vegas Interchanges

Dec 14, 2017 Signs activated by radar and equipped with red flashing lights to warn drivers going the wrong direction are slated to be installed at some highway exit ramps in Las Vegas....

Insurance Journal

Studies: Global Warming Tripled Likelihood of Harvey’s Deluge

Dec 14, 2017 Global warming’s fingerprints were all over the record rainfall from Hurricane Harvey this year, confirming what scientists suspected, according to new...

200 Homes Evacuated as South Dakota Wildfire Grows

Dec 14, 2017 Strong winds are fanning the flames of a growing wildfire in South Dakota, pushing the fire beyond the borders of the Custer State Park and prompting new evacuations. Custer...

WCRI: Michigan Medical Payments per Work Comp Claim Relatively Low

Dec 14, 2017 Medical payments per workers’ compensation claim in Michigan were among the lowest of 18 state workers’ compensation systems analyzed in a new study...

Illinois’ Olsick & Company Insurance Agency Joins Keystone

Dec 14, 2017 Olsick & Company Insurance, located in Willowbrook, Illinois, has joined Keystone Insurers Group (Keystone), the companies announced. The agency is Keystone...

Property Casualty 360

Drone operator blamed for collision with helicopter in New York

Dec 14, 2017 A recreational operator, who didn’t know that federal authorities had temporarily banned all drone flights in New York, was to...

J.D. Power finds key differentiator for large commercial insurers

Dec 14, 2017 Now in its fourth year, the study measured customer satisfaction with commercial insurers and insurance brokers.

2017's 10 most hazardous toys

Dec 14, 2017 The Boston-based nonprofit World Against Toys Causing Harm, Inc. (W.A.T.C.H.) has released its annual list of the 10 worst toys of 2017.

6 ways cybersecurity will impact insurers in 2018

Dec 14, 2017 An increase in cyber risks provides more opportunities for insurers to create new products and educate policyholders.