Industry News

Claims Journal

House Panel Supports Georgia Distracted Driving Bill

Feb 23, 2018 With Georgia having experienced a spike in both fatal crashes and auto insurance premiums, legislators advanced a proposal to make it illegal to hold a cellphone while...

Midwest Could Face Severe Flooding, Other Problems

Feb 23, 2018 Several states could see severe flooding and other weather-related problems amid a storm system that has brought rain, ice and snow to the Midwest and Great Plains. The weather...

Parents of Dead Florida Pledge File Suit Against Fraternity, Members

Feb 23, 2018 The parents of a Florida State University fraternity pledge who died of alcohol poisoning after a party have filed a civil suit against those who have a...

Arizona Fire Department Saves Money by Building Ambulance

Feb 23, 2018 Buying local to replace an aging ambulance has provided big savings for an Arizona fire department. Yuma Fire Chief Steve Irr discovered a new unit typically costs $210,000....

Best's Reviews

China’s Regulator Takes Over Anbang Insurance Group

Feb 23, 2018 The China Insurance Regulatory Commission has taken over Anbang Insurance Group for one year, according to a statement from the regulator. Anbang has allegedly...

A.M. Best Comments on Credit Ratings of JRG Reinsurance Company, Ltd. and Its Affiliates

Feb 23, 2018 A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of James River Group Holdings, Ltd...

State Farm Reducing Information Technology Workforce at Headquarters

Feb 22, 2018 State Farm is realigning its information technology functions, downsizing the department’s footprint at its headquarters and increasing it at...

NCOIL to Discuss Changes to Building Code, Towing Models at Spring Meeting

Feb 22, 2018 Proposed changes to the building code model, the future of the National Flood Insurance Program and a towing model act will be closely...

Insurance Journal

Q&A on China’s Takeover of Giant Anbang Insurance

Feb 23, 2018 The once-mighty Anbang Insurance Group Co. has been temporarily taken over by China’s regulators and its boss is facing prosecution on charges including...

NTSB: Truck Hit by GOP Train in Virginia Was on Tracks After Warning

Feb 23, 2018 Witnesses told investigators that a garbage truck struck by a train carrying Republican congressmen through rural Virginia entered the railroad crossing after...

Pennsylvania Couple Loses Home in Mudslide

Feb 23, 2018 A Pennsylvania couple has lost their home in a mudslide, and they say their insurance company likely won’t cover the damage. Lynn Eash says she was inside her Johnstown, Penn.,...

Pennsylvania’s Erie Insurance Appoints Kaercher as Corporate Marketing Officer

Feb 23, 2018 Erie Insurance, an Erie, Penn.-based automobile, homeowner’s, life and business insurer, has appointed Kim Kaercher as corporate marketing...

Property Casualty 360

Stepping back in time helps with insurance claims too

Feb 23, 2018 Insurance archaeology helps insurers unearth which entity is responsible for covering long-tail environmental claims.

People on the move in the P&C insurance industry: Feb. 23, 2018

Feb 23, 2018 News from HUB International of California, Brokerslink, Ed and more.

10 states with the worst drivers

Feb 23, 2018 Results from the nationwide CarInsuranceComparison.com annual study identify the worst drivers by state.

Insurers with EU clients face workflow challenges under GDPR

Feb 23, 2018 European homebuyers who insure their properties through U.S. companies could require those businesses to upgrade their data...

Business Insurance

Typhoon Hato causes $1.5 billion in economic losses

Feb 23, 2018 The Statistics and Census Service of Macau said that typhoon Hato caused an estimated 12.5 billion Macanese patacas ($1.5...

Supply chain disruption shutters several KFC stores

Feb 23, 2018 KFC Corp. said that some of its outlets in the United Kingdom out of 900 hundred fast-food stores will remain closed...

Egyptian insurer wins bid to cover infrastructure projects

Feb 23, 2018 Egypt-based composite insurer Suez Canal Insurance has won a bid to insure several new infrastructure projects...

High insurance premiums, frequent claims force retailers to self-insure

Feb 23, 2018 A report by representative body Retail Ireland said that high insurance premium...