Industry News

Business Insurance

California woman pleads guilty in multimillion-dollar comp fraud scheme

Jul 27, 2017 A Redondo Beach, California, woman accused of participating in a $150...

Jardine Lloyd Thompson reports first-half revenue growth

Jul 27, 2017 Revenue for the first half of 2017 at Jardine Lloyd Thompson Group P.L.C. rose 11% to £689.9 million ($896.7...

Scor profit up in 2017 first half

Jul 27, 2017 Scor S.E. on Thursday reported net income of €292 million ($340.7 million) for the first half of 2017, a 6.2% increase over the year-ago period.

Axis profit down on property losses, Ogden rate change

Jul 27, 2017 Axis Capital Holdings reported lower net income but higher revenue in the second quarter of 2017...

Insurance Journal

TCOR Management’s Dudney to Chair Texas Independent Insurance Agents Group

Jul 27, 2017 The Independent Insurance Agents of Texas (IIAT) elected Rick Dudney of TCOR Management in New Braunfels, to serve as chairman for 2017-2018 during...

Insurance Fraud Charge Filed Against North Dakota Man

Jul 27, 2017 North Insurance Commissioner Jon Godfread said an insurance fraud charge has been filed against Joshua Kadrmas, of Mandan, ND. The department’s report stated that...

Trying to Kill Bug, Kansas Woman Sets Apartment on Fire

Jul 27, 2017 An eastern Kansas woman accidentally has set her apartment on fire in an attempt to kill a bug by burning it with a small, flip-style lighter. Officials estimate that the...

16 Vacant Homes Torched in Arson Fires in Missouri Town

Jul 27, 2017 Fire officials in the southeast Missouri town of Poplar Bluff are investigating a rash of arson fires at vacant homes. The Poplar Bluff Daily American Republic reports...

Claims Journal

Ohio High Court Strikes Down Traffic Camera Restrictions

Jul 27, 2017 The Ohio Supreme Court on Wednesday upheld cities’ use of traffic camera enforcement for a third time, striking down as unconstitutional legislative restrictions that...

Federal Arbitration Act Governs Property Insurance Appraisals

Jul 27, 2017 In a decision filed July 14, 2017, the US District Court for the Central District of California invoked the Federal Arbitration Act (FAA) in refusing to vacate an...

New Technology to Drive Better Prediction, Pricing of Florida Flood Risk

Jul 27, 2017 Actuarial experts, disaster modelers and third-party vendors are utilizing new technology to better predict and price flood risk – and Florida’s...

After Cost Cutting Allianz Reports 28% Gain in Quarterly P/C Profits

Jul 27, 2017 As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster...

Best's Reviews

A.M. Best Webinar: State of the Captive Insurance Market

Jul 27, 2017 A.M. Best will host a webinar in which authors of a Best’s Special Report on the state of the captive insurance industry will review financial results,...

Association of Bermuda Insurers and Reinsurers President: NAIC Must Pave Way for Reinsurance Framework

Jul 27, 2017 Bradley Kading, president and executive director, Association of Bermuda Insurers and Reinsurers, said the...

Marsh & McLennan CEO: Cyber Among Fastest-Growing Lines in Both Risk and Consulting Markets

Jul 27, 2017 Cyberrisk management is among the fastest-growing areas for broker and consultancy Marsh & McLennan Cos. Inc. in...

FM Global Appoints New Leaders in Asia-Pacific, Europe

Jul 27, 2017 FM Global has reshuffled its management team in Asia-Pacific and Europe, with Stefano Tranquillo being named the new senior vice president and division...

Property Casualty 360

Uncovering silent cyber risk

Jul 27, 2017 There remains a sizable gray area around whether losses caused by a truly catastrophic cyber event would be covered and under what policy.

Alliant accused of poaching Wells Fargo insurance brokers

Jul 27, 2017 Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.’s insurance business but sought to steal its rival’s...

Autonomous vehicle technology could shrink auto insurance sector by 71%

Jul 27, 2017 There are three major forces disrupting the what is currently a $247 billion premium auto insurance marketplace.

U.S. House talks cyber insurance, threats and business risks

Jul 27, 2017 Supporting the cyber insurance market, and the strength of small business to ward off cyber threats, is among the priorities for...