Industry News

Insurance Journal

Here’s What’s in Latest Negotiated Republican Tax Bill

Dec 14, 2017 Republicans in the U.S. Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be...

Female Workers in Massachusetts Sue McCormick & Schmick’s

Dec 14, 2017 Female kitchen workers at the McCormick & Schmick’s seafood restaurant in downtown Boston were subjected to constant groping and lewd comments from male...

Allianz Specialty for North America Promotes Haagen, Soja as Barnwell Retires

Dec 14, 2017 Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that effective December 31, Henning...

New York’s Greene & Associates Hires Del Priore as Sales Manager

Dec 14, 2017 Greene & Associates, an East Aurora, N.Y.-based underwriting manager and wholesale broker, has hired Theresa Del Priore as a sales manager. Del Priore comes...

Best's Reviews

A.M. Best Affirms Credit Ratings of JSC IC Kazkommerts-Policy

Dec 14, 2017 A.M. Best has affirmed the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b+” of JSC IC Kazkommerts-Policy (...

A.M. Best Affirms Credit Ratings of Ghana Reinsurance Company Limited

Dec 14, 2017 A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Ghana Reinsurance Company...

A.M. Best Assigns Credit Ratings to Stewart Title Guaranty de México, S.A. de C.V.

Dec 13, 2017 A.M. Best has assigned a Financial Strength Rating of A- (Excellent), a Long-Term Issuer Credit Rating of “a-” and the Mexico...

Fed Raises Benchmark Interest Rate; Is Third Hike this Year

Dec 13, 2017 The Federal Reserve again moved to increase interest rates on investments by 0.25% — the third such rate increase this year — as the Fed alters monetary...

Business Insurance

One month to go: US Insurance Awards deadline nears

Dec 14, 2017 Business Insurance launched a new awards and risk management education fundraising program last month, and the...

Pipeline fracture halts shipments of quarter of total North Sea oil production

Dec 14, 2017 Swiss petrochemicals firm Ineos Group Holdings S.A. has declared...

Swiss Re, Caribbean catastrophe risk insurance facility to provide cover to Caribbean nations

Dec 14, 2017 Swiss Re Ltd. and Cayman Islands-based Caribbean...

IAG likely to divest stake in Malaysian insurer: Sources

Dec 14, 2017 Insurance Australia Group Ltd. is likely to divest its 49% stake in Malaysia-based AmGeneral Insurance Berhad and...

Property Casualty 360

2017's 10 most hazardous toys

Dec 14, 2017 The Boston-based nonprofit World Against Toys Causing Harm, Inc. (W.A.T.C.H.) has released its annual list of the 10 worst toys of 2017.

6 ways cybersecurity will impact insurers in 2018

Dec 14, 2017 An increase in cyber risks provides more opportunities for insurers to create new products and educate policyholders.

Here are the safest vehicles on the road for 2018

Dec 14, 2017 Just 15 vehicles qualify for the Top Safety Pick+ after requires were strengthened to factor headlights and passenger-side protection.

How insurers can identify fraudulent claims before they are paid

Dec 14, 2017 Using advanced analytics, it is now possible to adopt a predictive approach to insurance fraud detection.

Claims Journal

New Wrong-Way Signs Slated for Some Las Vegas Interchanges

Dec 14, 2017 Signs activated by radar and equipped with red flashing lights to warn drivers going the wrong direction are slated to be installed at some highway exit ramps in Las Vegas....

Winds Persist as Wildfires Continue to Threaten Homes in California

Dec 13, 2017 The winds aren’t changing for Southern California’s wildfires yet. The fifth largest blaze in state history was threatening thousands of homes as it...

Business News: Liberty Mutual, AIG, Consolidated Claims Group

Dec 13, 2017 Liberty Mutual Eliminating Over 600 roles in New Hampshire Liberty Mutual has announced it is cutting about 620 positions in New Hampshire. Foster’s Daily...

Drainage Tunnel Near Mount St. Helens Needs Work to Avert Flood Risks

Dec 13, 2017 Long-term strategies are needed to deal with the risks of mudflows and flooding left behind by the 1980 Mount St. Helens eruption, according to a report by the...