Industry News

Business Insurance

Illinois workers comp reform passes Senate

May 26, 2017 The Illinois Senate passed two pieces of workers compensation reform legislation that would reduce the cost of workers compensation...

Comp industry seeks solutions for opioid epidemic

May 26, 2017 The workers compensation industry continues to address the epidemic of opioids, which have been used to treat chronic pain for years even...

Cyber insurance market slow to develop: Allianz exec

May 26, 2017 (Reuters) — The tiny market for cyber insurance has been slower to develop than generally anticipated, a member...

Travelers unit not liable for debris removal above flood damage cap

May 26, 2017 A Travelers Cos. Inc. unit is not responsible for debris removal costs for a...

Best's Reviews

Hanover Names Specialty Lines President

May 26, 2017 Hanover Insurance Group Inc. has appointed former Zurich North America specialty products president Bryan Salvatore as its specialty insurance president and executive vice...

Liberty Mutual CUO of Public Entities: Benefits of Body Cams for Cops Still a Toss-Up

May 26, 2017 Susan Kostro, chief underwriting officer of public entities for Liberty Mutual, said governments face a growing range of...

Donegal Mutual Completes Merger With Mountain States

May 26, 2017 Donegal Mutual Insurance Co. has completed its merger with Mountain States Mutual Casualty Co., expanding its presence to Texas, Colorado, Utah and New Mexico...

Liberty Mutual Health Care CUO: Older Health Care Providers Exposed to Greater Range of Injuries

May 26, 2017 Jeff Duncan, chief underwriting officer for health care at Liberty Mutual, said the physical nature of health care...

Insurance Journal

Texas Bill Affirming Workers’ Comp Division Fraud Unit Advances

May 26, 2017 The Texas Senate has passed legislation that affirms the authority of Texas Division of Workers’ Compensation fraud unit to conduct criminal...

Storms Bring Tornadoes, Flash Floods, Evacuations in Midwest

May 26, 2017 Heavy rainfall that sparked flash flooding in Fort Wayne, Ind., forced motorists to flee submerged cars and prompted the evacuation of about 20 homes in the...

A.M. Best Assigns Ratings to Wisconsin’s Integrity Select Insurance

May 26, 2017 A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” to Integrity Select Insurance...

Report: St. Louis Tank in Deadly Explosion Needed Emergency Repairs

May 26, 2017 A giant steam-filled tank weighing nearly 2,000 pounds (900 kilograms) that exploded at a St. Louis box plant, flew a quarter-mile into the air and smashed...

Property Casualty 360

Draft legislation to overhaul National Flood Insurance Program released

May 26, 2017 Democrats and Republicans have found common ground on plans to give private insurers greater access to the $5 billion...

People on the move in the P&C insurance industry: May 26, 2017

May 26, 2017 News from NJM Insurance Group, JLT Specialty USA, EMPLOYERS and more.

P&C industry logs first Q1 underwriting loss in last 5 years

May 26, 2017 Increasing incurred losses continue to hinder underwriting results, according to A.M. Best research.

3 ways to turbocharge the sale of your insurance business

May 26, 2017 The market for independent agencies is hot, and buyers will continue to seek profitable insurance agencies as we move through 2017.

Claims Journal

California Spillway Repair Work Begins

May 26, 2017 Construction crews in California have begun demolishing the destroyed portion of the main spillway at Oroville Dam as they race to repair the structure in time for the next rainy season, state...

No Flood Insurance Means Big Bills for Utah Residents

May 26, 2017 It’s been more than two months since northern Utah resident Wyatt Brammer’s house was damaged from flooding and he still hasn’t gotten it fixed. After 33 inches...

California Landslide Adds to $1B Highway Damage

May 26, 2017 A massive landslide that went into the Pacific Ocean is the latest natural disaster to hit a California community that relies heavily on an iconic coastal highway and tourism to survive...

Airlines Told to Remove Seats From Small Planes, Could Cause Neck Injuries

May 26, 2017 Federal safety regulators are telling airlines to remove a certain type of seat from their planes, saying the seat could cause neck injuries during...