Industry News

Insurance Journal

Swiss Re Announces Plans to Streamline Structure of Group

Sep 25, 2020 Swiss Re announced further streamlining of the legal entity structure of the group. Following the announcement on June 19, 2020 that the Life Capital Business Unit...

Formation of More ‘Class of 2020’ Reinsurers Unlikely

Sep 25, 2020 The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early...

What Ever Happened to Hedge Fund Reinsurers?

Sep 25, 2020 The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years....

Alabama City Officials Drop Chemical Contamination Lawsuit

Sep 25, 2020 Officials in the northwest Alabama city of Guin have dropped a lawsuit against chemical giant 3M that alleged chemicals from its manufacturing plant had entered a...

Claims Journal

Structured Settlement Swindler With Kennedy Ties Sentenced to Prison

Sep 25, 2020 A well-connected Virginia financial advisor was sentenced to five years and 10 months in prison for embezzling approximately $8 million from money that the U.S....

U.S. Justice Department Proposes Changes to Internet Platforms’ Immunity

Sep 24, 2020 WASHINGTON — President Donald Trump met with nine Republican state attorneys general on Wednesday to discuss the fate of a legal immunity for internet...

U.S. Appeals Court Rejects Novel Opioid Settlement Framework

Sep 24, 2020 A federal appeals court on Thursday overturned a judge’s approval of a novel plan by lawyers representing cities and counties suing drug companies over the U.S....

As Wildfires Approach Silicon Valley, Tech Firms Struggle to Find the Backing to Fight Them

Sep 24, 2020 Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the...

Best's Reviews

Health Sharing Team Charged In Iowa, Wins A Round in New Hampshire

Sep 24, 2020 The Iowa Insurance Division has filed charges against a health sharing ministry and the company providing its marketing and business services,...

British Columbia-Based Broker Westland Expands Canada Reach With Acquisition

Sep 24, 2020 Westland Insurance Group Ltd. said it agreed to buy Innovation Credit Union’s insurance brokerage business. The transaction is expected...

Texas Auto Plan Seeking 4.8% Hike for Commercial Auto

Sep 24, 2020 The Texas Automobile Insurance Plan Association has filed a request to raise insurance rates for commercial vehicles 4.8%, according to a filing with the Texas...

California Utility Settles Subrogation Claims From 2017, 2018 Cats for $1.16 Billion

Sep 24, 2020 Southern California Edison has reached a $1.16 billion settlement with all the holders of insurance subrogation claims in cases...