Industry News

Insurance Journal

India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack

Feb 21, 2018 Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved...

Government Servers in Savannah, Georgia Hit by Malware Attack

Feb 21, 2018 Officials in Savannah, Ga., are taking extra precautions to protect employees’ email accounts and government computer servers as Savannah City Hall recovers...

Artificial Intelligence Raises Real Risks from Malicious Hackers, Rogue States

Feb 21, 2018 Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking...

Personal Privacy and the War Over Connected Driver Data

Feb 21, 2018 Picture this: You’re driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering...

Property Casualty 360

9 ways to turn social situations into business relationships

Feb 21, 2018 Here are some suggestions to help you do everything (or at least most things) right when looking to transform social situations...

2017 natural disasters mean insurance rate increases in 2018

Feb 20, 2018 While insurance industry surplus reached an all-time high in mid-2017, exceeding $700 billion, last year’s catastrophic events’...

The role of automation in data security

Feb 20, 2018 As compliance requirements multiply and become more fragmented, it's increasingly difficult to maintain uniformity in all 51 states.

Insurance leaders talk Insurance Careers Month at virtual town hall

Feb 20, 2018 Since 2016, February has been recognized as Insurance Careers Month. See what some industry leaders had to say about it.

Best's Reviews

BMS Appoints Executives for New Energy Operation

Feb 20, 2018 Insurance broker BMS Group Ltd. said it appointed three experts to a newly formed energy division. The brokers will join the new division, led by Ian Gormley,...

New MarketScout MGA Targets Allied Health Care, Social Services Markets

Feb 20, 2018 Lloyd’s coverholder and U.S. insurance distributor and underwriter MarketScout has launched a managing general agent focused on allied...

State Auto Personal Lines SVP: Bodily Injury Rates Rise 23.2% With More Expected

Feb 20, 2018 State Auto Financial Corp. continues to seek significant bodily injury rate increases in personal automobile as loss cost trends...

Hartford to Acquire Small Commercial Renewal Rights From Farmers Insurance Affiliate

Feb 20, 2018 Hartford Financial Services Group Inc. said it entered into a renewal rights agreement with the Farmers Exchanges to acquire...

Business Insurance

Vehicle-related comp claims rising in last decade

Feb 20, 2018 Vehicle-related workers compensation claims have been rising annually in claims count and in percent of...

Damaged cargo dispute remanded to lower court

Feb 20, 2018 A lower court is going to have to decide after further investigation how much of the $918,000 claim...

Everest Re announces hires for new private nonprofit

Feb 20, 2018 Everest Re Group Ltd. said Tuesday it had formed a private, nonprofit unit as part of the...

Claims Journal

Medical Marijuana Treatment Slowly Gains Traction in Workers’ Comp

Feb 20, 2018 Though states and the federal government remain at odds on marijuana legalization, the drug is gaining traction as a viable treatment in workers’ comp...

School Shootings Reveal Confusion Over Fire Alarm With Gunfire

Feb 20, 2018 Students and teachers responded as trained when the fire alarm sounded, streaming out of the school and toward exits only to run into deadly gunfire. Two boys with...

Kansas House Panel Rejects Bill to Prevent Oil and Gas Quakes

Feb 20, 2018 A Kansas House committee has rejected a bill that was designed to prevent earthquakes that experts say are caused by oil and gas production wastewater disposal methods...

Detroit Man Sues Contractor for Alleged Discrimination

Feb 20, 2018 A Detroit, Mich., construction worker is suing a contractor for alleged discrimination and racism. Harold Wilson, 63, filed a lawsuit against Hardman Construction Inc. last...