Industry News

Insurance Journal

Australia’s CBA Threatened with Large Class Action over Money Laundering Charges

Aug 23, 2017 A law firm threatened on Wednesday to file a class action suit against Commonwealth Bank of Australia for allegedly failing to disclose that...

Severe Typhoon Hato Lashes Hong Kong; Highest-Level Storm Warning Issued

Aug 23, 2017 Hong Kong hoisted its highest-level storm warning for the first time in five years as Severe Typhoon Hato lashed the financial hub with heavy winds...

Chlorine Tank Ruptured by Stolen Car Kills 2 in Mississippi

Aug 23, 2017 County officials in Mississippi say a toxic cloud of chlorine was released when a stolen car crashed into a utility station and killed two passengers. WLOX-TV...

Louisville Sues Drug Distributors Over Kentucky Opioid Epidemic

Aug 23, 2017 Officials in Kentucky’s largest city have filed suit in federal court against opioid distributors, accusing them of contributing to the drug epidemic in...

Property Casualty 360

Around the P&C insurance industry: Aug. 23, 2017

Aug 23, 2017 News from Allianz, Guidewire Software, Seeman Holtz Property & Casulty Inc. and more.

3 ways to validate claims through weather data

Aug 23, 2017 New technology provides insurers with the tools to confirm weather damage.

Insurance implications of war, domestic terrorism and nuclear threats

Aug 22, 2017 War, nuclear discharge and riots are excluded from most insurance policies. Here's what else you need to know.

Texas leads in America's race to build more homes

Aug 22, 2017 For insurance agents and brokers, more homes mean more opportunities to provide coverage.

Best's Reviews

Iowa Seeks ACA Spending Waiver to Stabilize Health Insurance Marketplace

Aug 22, 2017 Iowa Insurance Commissioner Doug Ommen is seeking a waiver from federal Affordable Care Act spending requirements in order to redirect...

Federal Appeals Court Upholds $2.75 Million Judgment Against Travelers Affiliate

Aug 22, 2017 A federal appeals court has upheld a $2.75 million punitive judgment against the Charter Oak Fire Insurance Co., ruling in favor of...

Hawaii Governor Appoints Acting Captive Insurance Administrator

Aug 22, 2017 Andrew Kurata, a six-year veteran of the Hawaii Insurance Division, has been appointed as acting captive insurance administrator by Gov. David Ige...

A.M. Best Withdraws Issuer Credit Rating of National Interstate Corporation

Aug 22, 2017 A.M. Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” with a stable outlook of National Interstate...

Business Insurance

Safety whistleblower’s lawsuit against railroad reinstated

Aug 22, 2017 An appeals court has reversed a decision granting summary judgment to CSX Transportation Inc. in a...

Marketing firm prevails in contract fight with Yahoo

Aug 22, 2017 A federal appeals court has reversed a lower court ruling and awarded $4.4 million to a...

Marsh, Ironshore partner on reimbursement risk policy for hospitals

Aug 22, 2017 Marsh L.L.C. and Ironshore Inc. are offering insurance to hospitals to cover the risk...

Safety commission vacates employer citations from bulldozer death

Aug 22, 2017 An administrative law judge of the U.S. Occupational Safety and Health Review...

Claims Journal

Researchers Finds Room for Improvement in Global Flood Preparedness

Aug 22, 2017 A new study across Austria, England, and Romania finds room for improvement in both public and private schemes that could help encourage risk reduction...

No Duty to Defend, Indemnify in Ohio Molestation Claim Unless ‘Scope of the Allegations’ Test Met

Aug 22, 2017 Jodee Edwards had a home and auto insurance policy issued by insurer Encompass that excluded coverage for loss “arising out of...

Researchers Say Popular Robots Dangerously Easy to Hack

Aug 22, 2017 Some of the most popular industrial and consumer robots are dangerously easy to hack and could be turned into bugging devices or weapons, IOActive Inc. said. The...

Business News: LexisNexis, NCCI, Verisk

Aug 22, 2017 LexisNexis Introduces New Multi-language Telematics Capability Atlanta-based Lexis Nexis Risk Solutions now includes multi-language capability in its telematics platform. This...