Industry News

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Maine’s Insurance Superintendent Appointed to Represent State Regulators on FSOC

Sep 18, 2018 The National Association of Insurance Commissioners has appointed Eric Cioppa, superintendent of the Maine Bureau of Insurance, to...

MetLife Digital Ventures Makes First Investment

Sep 18, 2018 Nine months after its launch, MetLife Digital Ventures has made its first strategic investment, backing a data-as-a-service company called Enigma. MetLife was...

Modelers and Risk Experts: Flood Modeling, Mapping Science Continue to Develop

Sep 18, 2018 Modelers and risk experts who spoke at the RMS Exceedance 2018 conference in Miami said current U.S. flood designations do little to...

A.M. Best Financial Analyst: MENA Reinsurers Would Benefit From Better Risk Management

Sep 18, 2018 Aneela Mather-Khan, financial analyst, A.M. Best, said, despite the relatively lower level of natural catastrophes in the...

Insurance Journal

California Commissioner Sues Biopharma Giant AbbVie Alleging Illegal Kickbacks in Promoting HUMIRA

Sep 18, 2018 California Insurance Commissioner Dave Jones on Tuesday filed an insurance-fraud complaint in Alameda County Superior Court on...

Tower Hill Specialty Expands Homeowners Products into Alabama

Sep 18, 2018 Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast....

Duke Restores Power to 1.2 Million in Carolinas as Florence Heads North

Sep 18, 2018 Duke Energy Corp., the biggest utility in the Carolinas, has faced a three-front war as it battles back against the wet and dangerously wild effects of...

Global Insurers in Mood to Take on New Investment Risks

Sep 18, 2018 Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment...

Claims Journal

Florence Flooding Concerns Worry N.C.’s Neighboring States

Sep 18, 2018 With Wilmington cut off from the rest of North Carolina by still-rising floodwaters from Florence, officials plan to airlift food and water to the city of nearly 120,...

Aging Pipelines Can Lead to Deadly Explosions

Sep 18, 2018 The natural gas pipeline in the United States is vast, sprawling across 2.5 million miles in a complex pressurized system that delivers a quarter of the energy consumed nationwide,...

Spike in Deadly Semi, Big Rig Crashes Prompts Demand for Safety Tech

Sep 18, 2018 Tractor-trailers and other large trucks aren’t required to have crash-avoidance technology, despite thousands of crashes annually and repeated calls for...

Safety Measures Ordered at Sinking San Francisco Condo Tower

Sep 18, 2018 San Francisco officials demanded Thursday that managers of a sinking condominium building where a window recently cracked comply with safety measures needed to keep the...

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...