Industry News

Property Casualty 360

Court rules on meaning of homeowner's water 'leakage' insurance exclusion

Jul 28, 2017 A little bit of dripping water is a 'leak.' But can the volume ever be too much for the drip to be...

Court enforces $4.8M in insurance coverage for email scam

Jul 27, 2017 N.Y. judge rules the losses a company suffered when an imposter tricked its accounts payable department into wiring money are...

Allianz's P&C operating profits rose 28% in Q2

Jul 27, 2017 As Allianz SE CEO Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster-claims,...

Uncovering silent cyber risk

Jul 27, 2017 There remains a sizable gray area around whether losses caused by a truly catastrophic cyber event would be covered and under what policy.

Claims Journal

Conquering the Apostrophe

Jul 28, 2017 After the comma, the second most difficult punctuation mark to master is the apostrophe. Apostrophes are troublesome because there is no universal agreement about the rule that states that single nouns,...

Texas a Hot Spot for Speeding Tickets

Jul 28, 2017 If you’re planning to squeeze in one last road trip before the summer ends, there are a few hot spots in Texas where you might want to slow down. Especially if you’re planning...

New York Eyes ‘Textalyzer’ as Tool to Bust Drivers Using Phones

Jul 28, 2017 Police in New York state may soon have a high-tech way of catching texting drivers: a device known as a “textalyzer” that allows an officer to quickly check...

Ohio High Court Strikes Down Traffic Camera Restrictions

Jul 27, 2017 The Ohio Supreme Court on Wednesday upheld cities’ use of traffic camera enforcement for a third time, striking down as unconstitutional legislative restrictions that...

Insurance Journal

FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region

Jul 28, 2017 FM Global, the Johnston, R.I.-based commercial property insurer, has made key changes to its management team, moving Stefano Tranquillo and David M....

Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations

Jul 28, 2017 Heavy rains led to flooding Wednesday in some parts of northern Germany, forcing some evacuations and prompting residents to pile sandbags in front of...

Democratic Republic of Congo to Open $500M Insurance Industry to Investors

Jul 28, 2017 The Democratic Republic of Congo’s insurance regulator is preparing to open up an industry for the first time that could be worth as much as...

Viewpoint: Employers Rejecting Marijuana Users Will Pay a Price

Jul 28, 2017 In Youngstown, Ohio, the employment problem is not a shortage of jobs. Nor is it a shortage of workers. The problem is not stingy employers who don’t want...

Best's Reviews

Markel Co-CEO: Diversified Carriers Routinely Redefine Partners, Competitors

Jul 27, 2017 Markel Corp. will continue to build walls within its own organization so it can partner and compete with other carriers, Co-chief...

CEO: Aspen Seeks Efficiency, Optimal Underwriting Mix

Jul 27, 2017 Aspen Insurance Holdings Ltd. is looking to reach an optimum mix in its underwriting lines and in operational efficiency as the group deals with soft market...

Swiss Re Managing Director: Public, Private Insurance Needs Regulatory Support

Jul 27, 2017 Ivo Menzinger, managing director, global partnerships, Swiss Re, said governments are interested in providing more risk protection...

Evergreen Health Ordered to Halt Sales, Renewals After Investors Pull Plug on Plans to Buy Insurer

Jul 27, 2017 Evergreen Health was ordered to stop selling and renewing any health insurance policies by Maryland Insurance...

Business Insurance

Ohio workers comp bureau issues rebates

Jul 27, 2017 Ohio Bureau of Workers’ Compensation rebates for private and public employers began going out this month,...

XL Catlin profit skyrockets

Jul 27, 2017 Xl Group Ltd. reported a nearly sixfold increase in its net income for the second quarter of 2017, driven by lower catastrophe losses and higher net...

Halliburton to pay $29.2 million to settle U.S. charges on Angola

Jul 27, 2017 (Reuters) — Oil company Halliburton Co. will pay $29.2 million to settle civil charges it...

United Airlines sued by owners of giant rabbit found dead after flight

Jul 27, 2017 (Reuters) — The owners of a giant rabbit named Simon who died on a United Airlines...