Industry News

Insurance Journal

California Worker’s Comp Directors and Officers Cleanup Law Takes Effect July 1

May 22, 2018 A new law that enables corporate directors and officers owning at least 10 percent of a business to opt out of workers’ compensation coverage...

WCRI Study: Illinois’ Cost per Workers’ Comp Claim Grew 1-3 Percent Annually

May 22, 2018 The average total cost per workers’ compensation claim in Illinois grew annually between 1 to 3 percent since 2012, according to a recent study...

Farmers Group in California Names Daly President of Personal Lines

May 22, 2018 Woodland Hills, Calif.-based Farmers Group Inc. has named Keith Daly president of personal lines. Daly, who is currently Farmers’ chief claims officer,...

Castel Specialty Taps White to Lead New Political Risk Division

May 22, 2018 Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its...

Business Insurance

QBE North America expands marine cover for construction

May 22, 2018 QBE North America said Tuesday it was launching the Solution for Builder's Risk for integrated marine property...

Marsh recruits cyber expert from JLT

May 22, 2018 Florence Levy has joined Marsh L.L.C. as a managing director in its national cyber practice.

Jury decides against EEOC in transgender bias case

May 22, 2018 A District Court jury decided against the U.S. Equal Employment Opportunity Commission Friday...

High court’s class action ruling could trigger employment cover expansion

May 22, 2018 Insurers may be more willing to cover wage and hour employment risks following...

Best's Reviews

A.M. Best Assigns Issue Credit Rating to Unum Group’s Junior Subordinated Notes

May 22, 2018 A.M. Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bb+” to the recently issued $300 million 6.25% Junior...

A.M. Best Senior Financial Analyst to Discuss Impact of Hurricane Maria on Puerto Rico at ACIS Conference

May 22, 2018 A.M. Best will take part in the 3er. Congreso Regional de Prevencion y Gestion de Reisgos Laborales “...

Zurich North America Appoints Management Solutions Leader

May 22, 2018 Zurich North America has named Brian Benjamin head of management solutions. In the role he will be accountable for the direction, management and...

Ascot Seeks Greater US Access With Acquisition of Insurer in Runoff

May 22, 2018 Ascot US Holding Corp. said it acquired an insurer in runoff and its dormant subsidiary in a bid to increase access to U.S. insurance markets....

Claims Journal

Arizona Legislative Season Ends With Some Insurance-Related Measures

May 22, 2018 Arizona Gov. Doug Ducey took the final action of the state legislative session last week when he signed 55 new laws and vetoed seven others, including a measure...

Charter Company in Cuba Plane Crash Had Safety Complaints

May 22, 2018 The Mexican charter company whose 39-year-old plane crashed in Havana had been the subject of two serious complaints about its crews’ performance over the last...

California Bill Intended to Clarify Mudslide Insurance

May 22, 2018 The California Senate approved legislation Thursday that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies...

Idaho Supreme Court Rules Wi-Fi Network Name Resulted in Defamation

May 22, 2018 The takeaway from a recent court decision – proceed cautiously when choosing the name of a home Wi-Fi network. The case arose when Jeffrey and Dona Hall...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.