Industry News

Best's Reviews

Best’s Special Report: Cyber Cat Stress Test Gauges Potential Impact on Segment Leaders in a More-Developed Future Market

Aug 20, 2018 A modeled single-event cyber catastrophe would generate meaningful to significant gross...

A.M. BestTV: California Wildfires Will Impact Homeowners Insurers, Say A.M. Best Analysts

Aug 20, 2018 In this A.M.BestTV episode, Sridhar Manyem, director, and Jason Hopper, associate director, both in A.M. Best’s industry...

A.M. Best Senior Director: Insurers Are Pursuing a Range of Post-Brexit Plans

Aug 17, 2018 Catherine Thomas, senior director of analytics, A.M. Best, said insurers are creating subsidiaries, building new relationships and...

Axis Capital Appoints Head of Product Center for Reinsurance Unit

Aug 17, 2018 Marcus Pollak was appointed to the newly created role of head of product center for the reinsurance arm of Axis Capital Holdings Ltd. Based in...

Insurance Journal

As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.

Aug 20, 2018 Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger...

India Hit with Worst Floods in Century, Bringing Damages of $3B, 350-Plus Deaths

Aug 20, 2018 Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as...

Steamship Mutual Authorized to Establish Branch in Hong Kong

Aug 20, 2018 Steamship Mutual P&I Club announced the Hong Kong Insurance Authority has formally authorized the Club to establish a branch in Hong Kong from Aug. 17, 2018...

China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth

Aug 20, 2018 ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will...

Claims Journal

Engineers Last Year Warned Operator About Genoa Bridge: Reports

Aug 20, 2018 An engineering study commissioned by Italian highway operator Autostrade last year warned about the state of the concrete-encased cable stays that held up a...

Chemical Safety Board Links Plugged Drill Pipe to Deadly Oklahoma Well Fire

Aug 20, 2018 There were signs that a natural gas well was not fully sealed before it exploded in January, killing five workers, the U.S. Chemical Safety Board said...

Biofuel Worker Dies After Falling Into Vat of Oil Near Disney World

Aug 20, 2018 Florida authorities say a worker has died after falling into a vat of oil at a facility near Walt Disney World. Lt. Emanuel Curry of the Orange County Sheriff...

Wildfires Have Burned 3 Times More of California to Date Than in 2017

Aug 17, 2018 California’s wildfires are now burning through land at a pace more than three times faster than last year’s blazes. About 4,200 fires have charred 726,...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017,...