Industry News

Insurance Journal

Apparent Natural Gas Explosion in Denver Injures 9

Aug 16, 2018 Nine people were injured, one critically, by an apparent natural gas explosion in Denver on Aug. 14, firefighters said. Capt. Greg Pixley, a spokesman for the Denver Fire...

Experts: Cost of Hail Damage Will Continue to Rise

Aug 16, 2018 Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories,...

Why Insurers Should Love, Not Fear, Amazon: Viewpoint

Aug 16, 2018 Whenever Amazon.com Inc. eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report on Thursday that the e-commerce giant has been talking...

Lingering Texas Drought Has Ranchers Reducing Herds

Aug 16, 2018 A growing number of Texas ranchers and farmers are trimming their livestock, or selling them altogether, as the persistent drought has eliminated water supplies and...

Best's Reviews

RMIIA: Industry Losses Hit About $172.8 Million in Colorado Springs Hailstorm

Aug 16, 2018 Insurers incurred an estimated $172.8 million in insured losses from a hailstorm that unleashed softball-sized hail on the Colorado...

Allstate Incurs $262 Million of Estimated Pretax Catastrophe Losses in July

Aug 16, 2018 Allstate Corp. incurred estimated pretax catastrophe losses of $262 million in July. The company attributed 75% of July’s losses to the...

NN Cites Underwriting, Cost Gains in 25.6% Second-Quarter Operating Profit Rise

Aug 16, 2018 Citing improvements in its nonlife underwriting and reductions in expenses, Netherlands-based financial services group NN Group NV...

Judge Upholds New York Risk Adjustment Regulations, Market Stabilization Pool

Aug 16, 2018 A federal judge sided against insurers — including UnitedHealthcare of New York — and upheld regulations in New York that allowed the...

Claims Journal

FBI Finds Data Recorder From Washington Plane Taken for Fatal Joyride

Aug 16, 2018 He cracked jokes, complimented the professional demeanor of an air traffic controller and apologized for making a fuss. But the friendly tone of a 29-year-old...

South Texas Town, Residents Recovering Nearly a Year After Harvey

Aug 16, 2018 Armonie Brown pauses for a second when asked about Hurricane Harvey. The Corpus Christi Caller-Times reports Brown saw friends and teammates lose their homes...

Virginia Governor Establishes Task Force to Study Worker Misclassification

Aug 16, 2018 Virginia Governor Ralph Northam signed an Executive Order establishing an interagency task force on worker misclassification and payroll fraud. The...

Kentucky High Court Hears Arguments Over Med Mal Review Panels

Aug 16, 2018 After Ezra Claycomb was born with severe brain damage and cerebral palsy, his mother considered filing a medical malpractice lawsuit. But in 2017, Kentucky’s...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...