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AIG Estimates Third-Quarter Catastrophe Losses at Up to $1.7 Billion

Oct 18, 2018 American International Group Inc. said it expects to report third-quarter 2018 pretax catastrophe losses, net of reinsurance, of about $1.5...

A.M. Best Comments on Credit Ratings of Massachusetts Mutual Life Insurance Co. Following Sale of OppenheimerFunds To Invesco

Oct 18, 2018 A.M. Best has commented that the Credit Ratings (ratings) of Massachusetts Mutual Life...

Connecticut Insurance Commissioner Approves $69 Billion CVS-Aetna Merger

Oct 18, 2018 Connecticut Insurance Commissioner Katharine Wade has given her approval to the proposed $69 billion merger of CVS Health and Aetna Inc....

Prudential SIFI Rescission Marks End of Era for Federal Regulators, Observers Say

Oct 18, 2018 The removal of the systemically important financial institution designation on Prudential Financial Inc. represents the end of an...

Claims Journal

Latest Beef Recall Highlights Growing Magnitude of Foodborne Illnesses

Oct 18, 2018 The impact of Arizona beef distributor JBS Tolleson’s recent recall of nearly 7 million pounds of ground beef sold nationwide has yet to be determined...

Great Shakeout Earthquake Drill Happens Today

Oct 18, 2018 Since all 50 states and the District of Columbia face some earthquake risk, the Great Shakeout Earthquake Drill on October 18, 2018 at 10:18 a.m. is a good time to ensure home and...

Study: Tornadoes Shifting Path Towards East Coast

Oct 18, 2018 Over the past few decades tornadoes have been shifting – decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a...

Business News: NICB/Shift Technology, Pie Insurance, Willis Towers Watson

Oct 18, 2018 Shift Technology and NICB Partner to Offer Insurers an Edge in Detecting, Combating Fraud Shift Technology, a solution provider with a focus on enabling...

Insurance Journal

Woodruff Sawyer Names Hessel Casualty Practice Leader in California

Oct 18, 2018 San Francisco, Calif.-based Woodruff Sawyer has named Evan Hessel vice president and casualty practice leader. Hessel will be responsible for expanding the...

Seeman Holtz P&C Acquires Missouri Agency, Redel Insurance

Oct 18, 2018 Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance...

Firms Sued Over Missouri Duck Boat Sinking Seek Mediation, Cite 1851 Law

Oct 18, 2018 Two companies facing multiple lawsuits over a summer tourist boat accident in Missouri that killed 17 people have invoked an 1851 law that allows vessel...

15 Emerging Risks from Policies to Playgrounds, Sandboxes to Scooters

Oct 18, 2018 When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber...