Industry News

Insurance Journal

Death Toll Rises from Chinese Gas Plant Explosion

Jul 23, 2019 Authorities in central China said Sunday the death toll in a gas plant explosion has risen to 15 with another 15 seriously injured. Three people who were previously...

Driverless Bus Hits Pedestrian in Vienna, Halting Trials

Jul 23, 2019 Authorities are investigating why a driverless bus struck a pedestrian in Vienna, an incident that resulted in minor injuries but stopped Austrian trials of the...

UK Lawyers Could Be Forced Out of EU Courts with No-Deal Brexit

Jul 23, 2019 UK lawyers with lucrative careers in European Union law are fighting to save their jobs after the bloc’s top courts warned that a no-deal Brexit would...

Britain Reviews How to Improve Financial Services Regulation After Brexit

Jul 23, 2019 Britain has kicked off a review of how regulation of finance could be improved after Brexit, saying it would not tweak the existing set-up of...

Claims Journal

Equifax Agrees to Pay $700 Million to Settle U.S. Breach Probe

Jul 23, 2019 Equifax Inc. agreed to pay up to $700 million to resolve U.S. federal and state investigations into the 2017 hack that compromised some of the most sensitive...

Business News: Cove, Clara Analytics, Glovebox, HomeConnect

Jul 23, 2019 Greenlight Bets on Cove to Simplify Insurance Purchases Greenlight Re Innovations, a division of Greenlight Re, a specialist property and casualty reinsurer...

Texas Supreme Court Closes ‘Trapdoor’ of Pretrial Negligence Requests

Jul 23, 2019 Insurance companies should take note of a recent ruling by the Supreme Court of Texas that closes a “trapdoor” pretrial discovery gambit by...

Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic

Jul 22, 2019 Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually...

Best's Reviews

LexisNexis IoT Director: Emerging Home IoT Devices Include Smart Batteries, Water Pucks

Jul 22, 2019 Dan Davis, director of the internet of things, LexisNexis Risk Solutions, said insurers are poised to help homeowners better...

Equifax to Pay Up to $700M for 2017 Data Breach

Jul 22, 2019 Credit rating firm Equifax will pay up to $700 million to settle complaints related to the 2017 data breach that affected an estimated 147 million American...

Greenlight Re Invests in New Zealand Insurtech Startup

Jul 22, 2019 Greenlight Capital Re Ltd. said its technology innovation unit made a strategic investment in Cove Ltd., a New Zealand-based personal lines digital managing...

AM BestTV: Life/Annuity Insurers Better Prepared for Next Downturn, Say AM Best Analysts

Jul 22, 2019 In this AMBestTV episode, Ken Johnson, senior director, and Thomas Rosendale, director, both of AM Best, examine how...