Industry News

Insurance Journal

Insurers Asked to Pay $90 Million to Settle Shareholder Claims Over Fox News Sexual Harassment

Nov 21, 2017 Twenty-First Century Fox Inc. has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal...

Conservatives Now Want to Abolish Board They Hoped Would Curtail Patent Suits

Nov 21, 2017 In August, a dozen inventors gathered around a fire pit outside the headquarters of the U.S. Patent and Trademark Office in Alexandria, Virginia, and...

Hiscox Launches Coverage Suite for Financial Services Firms

Nov 21, 2017 Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an...

Florida Puts Workers’ Comp Carrier Guarantee Insurance In Receivership

Nov 21, 2017 Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According...

Property Casualty 360

Identity theft takes the sparkle off of the holiday shopping season says new study

Nov 21, 2017 Cyber risks affect shopping patterns according to Generali Global Assistance.

7 proven ways to kill your next sale

Nov 21, 2017 Recognizing the danger signals can help you avoid unnecessary insurance sale losses.

Who's using what in P&C insurance: Nov. 20, 2017

Nov 20, 2017 Technology news from Quadient, DXC Technology, G2 Insurance Services, TechCanary, Intellect Design Arena Ltd, TCS and ACORD, RiskGenius and...

How to fry a Thanksgiving turkey without getting burned

Nov 20, 2017 QBE offers 16 turkey fryer safety tips to keep cooks safe this holiday season.

Best's Reviews

AIR: California Wildfire Insured Losses May Hit $10.5 Billion; Winery Losses Still Uncertain

Nov 20, 2017 AIR Worldwide has more than tripled its industry loss estimate, to as much as $10.5 billion, for the recent California...

Labor and Industry Deputy Moves to Minnesota’s Top Insurance Post

Nov 20, 2017 Minnesota Insurance Commissioner Mike Rothman has announced his resignation from the post after seven years and Gov. Mark Dayton appointed Jessica...

Mapfre Re to Open Representative Office in Japan

Nov 20, 2017 Mapfre Re said it will open a new representative office in Tokyo in an effort to increase its reinsurance business in the Asia-Pacific region. The Spain-based...

North P&I Club to Establish Dublin Subsidiary Amid Brexit Uncertainty

Nov 20, 2017 Citing uncertainty surrounding negotiations on passporting rights between the United Kingdom and European Union following the U.K withdrawal...

Business Insurance

Florida opens delinquency proceedings for allegedly insolvent insurer

Nov 20, 2017 Florida insurance regulators are asking the state’s chief financial officer to initiate...

OSHA cites two companies for hazardous chemical release

Nov 20, 2017 The U.S. Occupational Safety and Health Administration is proposing a combined $43,458 in penalties against two...

Bakery workers making deliveries in own cars entitled to overtime

Nov 20, 2017 A federal appeals court has overturned a lower court ruling and held that district sales managers...

Small and medium enterprises forgoing cyber coverage: Survey

Nov 20, 2017 A total of 57% of small and medium enterprises do not have cyber insurance, while 63% have experienced...

Claims Journal

Unrepaired Takata Airbags Remain in Two-Thirds of U.S. Vehicles

Nov 20, 2017 Nearly two-thirds of the U.S. vehicles containing defective airbag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of...

Some Massachusetts Towns Still Plan to Embrace Pot

Nov 20, 2017 They may not be mad about reefer, but a growing number of Massachusetts communities are leaving their borders open to commercial marijuana businesses, bucking a wave of bans and...

Insurer Says it Shouldn’t Have to Pay for Mississippi Building Collapse

Nov 20, 2017 An insurer says it shouldn’t have to pay for the collapse of a building in a southwest Mississippi city. Hudson Specialty Insurance has sued in federal...

Texas Governor Says Federal Disaster Aid Bill is Inadequate

Nov 20, 2017 Republican Texas Gov. Greg Abbott on Friday criticized as “completely inadequate” the Trump administration’s $44 billion request to Congress for...