Industry News

Insurance Journal

WCRIB: California Workers’ Comp Written Premium to be Down Again This Year

Jun 15, 2018 Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers...

Russian Industrial Plants Turn to State Reinsurer to Take More Risk after U.S. Sanctions

Jun 15, 2018 Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S....

Wisconsin Contractor Cited, Fined $120.3K for Workplace Safety Hazards

Jun 15, 2018 Federal safety officials have cited a Wisconsin roofing contractor for exposing employees to falls and other safety hazards at two separate job sites....

Tornado, or Not? Occupied Truck Lifted During Storm in Iowa

Jun 15, 2018 A northern Iowa man was driving through a storm when his truck was lifted in the air and carried into a farm field. The Globe Gazette reports that 22-year-old Parker...

Best's Reviews

Three Insurers Take In More Than 15,700 Claims Following Severe Hail Near Colorado Springs

Jun 15, 2018 Three insurers have taken in more than 15,700 claims after a severe storm dumped baseball-size hail in the Colorado...

California Senate Committee Passes Four Insurance Bills to Protect Victims of Wildfires

Jun 15, 2018 The California Senate Insurance Committee has passed four bills that would provide consumer protections for wildfire...

Health Reinsurance Specialist Sequoia Re Launches With ELMC Risk Solutions Backing

Jun 15, 2018 Sequoia Reinsurance LLC said it launched operations focused on HMO reinsurance and provider excess segments. The new company has...

LCCG Group to Acquire UK Mutual Equitable Life in Transaction Valued at More Than £1.8 Billion

Jun 15, 2018 Life Company Consolidation Group Ltd. plans to acquire Equitable Life Insurance Society in a transaction valued at...

Business Insurance

Wells Fargo settles retail sales lawsuit for $142M

Jun 15, 2018 (Reuters) — Wells Fargo & Co. said on Friday a district court in California approved a $142...

Kellogg issues massive Honey Smacks cereal recall over salmonella risk

Jun 15, 2018 (Reuters) — Kellogg Co. is recalling an estimated 1.3 million cases of its Honey...

Investors can seek redress from Porsche in VW case

Jun 15, 2018 (Reuters) — A German court ruled on Friday that investors pushing for damages over a sharp fall...

Claims Journal

Counting Deaths After a Hurricane Difficult

Jun 15, 2018 How many people died in Puerto Rico from Hurricane Maria? It’s a question that has been debated since the powerful storm slammed into the island and devastated the U.S. territory...

Heat Not the Only Sign That Climate Change is Happening

Jun 15, 2018 You don’t just feel the heat of global warming, you can see it in action all around. Some examples of where climate change’s effects have been measured:...

Power Tool Used to Clear Brush Blamed for Sparking LA Hillside Fire

Jun 15, 2018 More than 250 firefighters raced to the hills overlooking Los Angeles, Calif., to battle a blaze Tuesday afternoon they say was sparked by someone using a power...

Fitch: U.S. P/C Personal Lines Results Decline Despite Auto Improvement

Jun 15, 2018 Underwriting losses in the U.S. P/C personal lines segment moved higher for the fourth straight year in 2017, though this time another segment drove the...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.