Industry News

Business Insurance

Jury awards Apple $539M in Samsung patent retrial

May 25, 2018 (Reuters) — After nearly five days of deliberations, a U.S. jury on Thursday said Samsung...

Marine insurance blockchain platform launches

May 25, 2018 Insurwave, a blockchain platform developed by a collaboration of insurance and technology players, is helping to manage...

Comp-cheating bartender’s Facebook post fails to serve her well

May 25, 2018 Facebook, the place where everybody knows your name, including fraud investigators...

Bill would force tech firms to disclose foreign software probes

May 25, 2018 (Reuters) — U.S. tech companies would be forced to disclose if they allowed...

Insurance Journal

Alberto, 2018’s First Named Storm, Heading for Florida, Southeast Coast

May 25, 2018 Meet Alberto, the first named storm of 2018. The sub-tropical storm off Mexico’s Yucatan Peninsula is expected to bring heavy rain to western Cuba...

Illinois Lawmakers Send Governor Bill Legalizing Industrial Hemp

May 25, 2018 The Illinois House has sent the governor a measure legalizing industrial hemp. The House voted 106-3 this week to allow hemp cultivation for commercial use. Hemp...

Oklahoma Earthquakes Lead to More Injection Well Shut Downs

May 25, 2018 The Oklahoma Corporation Commission’s Oil and Gas Division is directing some injection wells in north-central Oklahoma reduce injection volumes and others...

Michigan Legislators Decide Motorists Need 3-Foot Distance to Pass Bikes

May 25, 2018 Michigan drivers would have to allow 3 feet of clearance or a “safe passing distance” while going by a bike on the road as part of a...

Best's Reviews

A.M. Best Removes from Under Review with Negative Implications and Downgrades Credit Ratings of Friday Health Plans of Co., Inc.

May 25, 2018 A.M. Best has removed from under review with negative implications and downgraded...

Molina Healthcare Names Successor for Retiring CFO

May 25, 2018 Molina Healthcare Inc. has appointed Thomas L. Tran chief financial officer and treasurer effective June 4. Tran will succeed Joseph W. White, who announced...

CAA Insurance to Offer Pay-Per-Mile in Ontario

May 25, 2018 CAA Insurance Co. will offer pay-per-mile automobile insurance that starts with a base rate and charges motorists every 1,000 kilometers (621 miles). CAA MyPace...

Marsh Casualty Claims Leader: Insurers Pulled Into Legal Battles Over the Opioid Supply Chain

May 25, 2018 John Denton, coverage and claims leader, Marsh Casualty, said a barrage of lawsuits against manufacturers,...

Claims Journal

Survivors Continue to Mourn as Grenfell Tower Inquiry Begins in London

May 25, 2018 Survivors of a devastating high-rise fire in London wept Monday as relatives paid tribute to some of the 72 victims at the opening of an inquiry into...

People News: Aon, Farmers, Zurich NA

May 25, 2018 Aon Names CEO of Captive & Insurance Management Business Aon named John English chief executive officer, Aon Captive & Insurance Management effective June 1, 2018. English is...

ALI Approves Restatement of the Law, Liability Insurance

May 25, 2018 ALI members voted at The American Law Institute’s 2018 Annual Meeting to approve Restatement of the Law, Liability Insurance. The project reporters are Tom Baker of...

Officials Implement Policy Change After 2017 Georgia Bridge Collapse

May 25, 2018 The kind of materials that fed a fire below a metro Atlanta, Ga., highway overpass which collapsed last year will no longer be stored under state bridges,...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.