Industry News

Business Insurance

Warming climate, larger hurricanes would add to coastal property risks

Oct 17, 2017 If the oceans continue to warm at a predicted rate, financial losses caused by...

Insurers must move fast on big data to avoid losing business

Oct 17, 2017 If insurance companies do not step up their efforts to understand and deploy big data, they could find...

French weather index insurance broker gains access to Lloyd's market

Oct 17, 2017 France-based weather index insurance and reinsurance broker Meteo Protect S.A.S. has...

Caribbean insurer expects up to $500 million in hurricane losses

Oct 17, 2017 Netherlands Antilles-based National General Insurance Corp. N.V. expects to record a loss of up to...

Insurance Journal

Carriers, Reinsurers Under Review as A.M. Best Changes Credit Rating Methodology

Oct 17, 2017 Insurance rating agency A.M. Best announced the publication of the updated Best’s Credit Rating Methodology (BCRM) on Friday, and also...

Kobe Steel Assesses Extent of Costly, Habitual Data Product Tampering

Oct 17, 2017 When cheating becomes habitual, the consequences could be costly. Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the...

May 2018 Deadline for EU’s Cyber Rule, GDPR, Spurs Corporate Action: Marsh

Oct 17, 2017 The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated...

Markel International Launches Fintech Insurance for Asian Market

Oct 17, 2017 Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology...

Property Casualty 360

5 client takeaways from Hurricanes Harvey and Irma

Oct 17, 2017 JAG Insurance Group has been deep in the trenches in South Florida, helping residents and business owners recover from recent hurricane...

Understanding how property is valued after a fire

Oct 17, 2017 When the wildfire smoke clears along the Pacific coast, property insurance policyholders will be faced with filing claims that may be...

NU Agency of the Year Award, Cobb-Hall Insurance: The Relationship Business

Oct 17, 2017 For Cobb-Hall, clear messaging, client education and solid communication add up to an enviable retention rate.

Why P&C agents never fail to impress

Oct 17, 2017 What prompted NU's editor-in-chief to create an awards program for independent P&C insurance agencies?

Claims Journal

Decisions Still Pending on 3 Florida FEMA Appeals

Oct 17, 2017 Florida communities cleaning up and making repairs after Hurricane Irma may expect the U.S. government to reimburse their costs, but an analysis by The Associated Press shows...

P&C Insurance Claims Transformation in 2017 – Retrospective and Prospective

Oct 17, 2017 Insurance carriers have made an unprecedented investment to improve the integrity of their claims systems and processes. This transformation started...

Warming Seas Could Lead to 70% Rise in Hurricane-Related Financial Loss

Oct 17, 2017 If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change...

Former Player Says Parents Should Be Warned of Football’s Risks

Oct 17, 2017 Parents should be informed before they sign up their kids to play football that the sport can cause long-term neurological damage, even to players who don’t...

Best's Reviews

Cal Fire: Wildfires Destroy 5,700 Structures, 40,000 People Still Evacuated

Oct 16, 2017 About 5,700 structures have been destroyed and 40,000 people remain evacuated in Northern California but firefighters are gaining...

Wills Towers Watson Appoints New Italy Chief

Oct 16, 2017 Willis Towers Watson has named Gianmarco Tosti new country leader of Italy. Guido de Spirt, the current head of Italy, will become chairman of Italy, said Willis...

Aon Benfield: Homeowners Premiums Rising to $92.9 Billion; ROE Dropping

Oct 16, 2017 Homeowners insurance premiums should rise $1.5 billion this year to $92.9 billion but are being outpaced by losses and expenses, according...

States Sue to Force CSR Payments After Trump Cutoff

Oct 16, 2017 Nineteen state attorneys general have filed a lawsuit to force continued funding of the $8 billion cost-sharing reduction program after President Donald Trump...