Industry News

Best's Reviews

A.M. Best Affirms Credit Ratings of Members of Castle Key Group

Feb 16, 2018 A.M. Best has affirmed the Financial Strength Rating (FSR) of B- (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb-” of the...

Excess Lines Association: Brokers Still Have Questions, but Are Working to Comply With NY Cyber Regulations

Feb 16, 2018 New York insurance companies have reached the first filing deadline to comply with the state’s new...

Navigators CEO: US Rates Strengthen as International Lines Get Corrective Actions

Feb 16, 2018 International property and protection and indemnity lines required corrective actions in an otherwise good 2017 performance for...

Judge Rules Against New England CO-OP in Challenge of Risk Adjustment Formula

Feb 16, 2018 A federal judge has dismissed a legal challenge by Minuteman Health, which alleged the Centers for Medicare and Medicaid Services was...

Business Insurance

GE faces shareholder lawsuit over insurance shortfall, SEC probe

Feb 16, 2018 (Reuters) — General Electric Co. was sued on Friday by a shareholder who accused it...

Insurer not obligated to provide cover in phony policy scheme

Feb 16, 2018 Evanston Insurance Co. is not obligated to provide professional liability coverage...

Fire cleanup crews ordered to stop work over alleged comp violations

Feb 16, 2018 Five contractors working to help clean up a fire disaster area in California’...

OneBeacon unit wins dispute over coverage for sunken tug boat

Feb 16, 2018 A federal appellate court has overturned a lower court ruling and ruled in favor of...

Insurance Journal

Aspen Ceases Underwriting Property Insurance from Bermuda Platform

Feb 16, 2018 Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately,...

Texas Petro-Chemical Contractor Sued for Disability Discrimination

Feb 16, 2018 A blood disorder led to the unlawful firing of three laborers at a Texas-based petro-chemical contractor, federal officials say. the U.S. Equal Employment...

Detroit Suburb Settles Fatal Police Shooting for $1.25M

Feb 16, 2018 A Detroit suburb agreed to a $1.25 million settlement in a lawsuit filed by the family of a woman who was fatally shot by police near a shopping mall, according to a...

Agency Warns of Possible Hepatitis Exposure at Arkansas Restaurant

Feb 16, 2018 State health officials say people who visited a Taco Bell restaurant in northeast Arkansas may have been exposed to hepatitis A after an employee tested...

Property Casualty 360

Cyber hacks cost up to $109 billion in 2016, U.S. estimates

Feb 16, 2018 Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday.

Allianz raises its dividend, shrugging off hurricane claims

Feb 16, 2018 A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop...

It's sink or swim time for the National Flood Insurance Program

Feb 16, 2018 For a program that already was $25 billion in debt, the added burden spotlighted just how precarious the future may be...

3 guardrails for doing business with friends

Feb 16, 2018 Friends can be great insurance clients. You just need to set some ground rules.

Claims Journal

Allianz Raises Dividend, Shrugs Off Hurricane Claims

Feb 16, 2018 A record year for natural disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend....

After 2-Year Spike, 2017 Traffic Deaths Fell Slightly

Feb 16, 2018 Traffic deaths on U.S. roads fell slightly in 2017 after two straight years of big increases, but a leading safety organization that compiled the numbers says it’s no...

Leaping Elk Crashes Low-Flying Research Helicopter in Utah

Feb 16, 2018 An elk leaped into a research helicopter that was trying to capture it and brought down the helicopter in a collision that also killed the elk, authorities said Tuesday. The...

Businesses Rethink Workplace Romance Policies

Feb 16, 2018 It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more...