Industry News

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Houston International Buying Creative Risk Underwriters to Expand in Medical Stop Loss

Sep 25, 2018 Houston International Insurance Group said it will acquire outstanding shares of Creative Risk Underwriters to expand its...

Lloyd’s Underwriter Pioneer Names CEO

Sep 25, 2018 Andrew McMellin has been appointed as chief executive officer of Lloyd’s insurer Pioneer Underwriters, effective Oct. 8. Dane Douetil, CEO of Pioneer’s parent company,...

Maryland Court Places Paramount Insurance Co. Into Rehabilitation

Sep 25, 2018 A Maryland circuit court has placed Paramount Insurance Co. into rehabilitation at the request of Insurance Commissioner Al Redmer Jr. The...

CoreLogic Sets Industry Estimate From Florence Near $6.5 Billion

Sep 25, 2018 Private insurers incurred less than $6.5 billion of an estimated $20 billion to $30 billion in flood and wind losses from Hurricane Florence, said...

Claims Journal

Industry Expert Shares Thoughts on Virtual Reality Liability Exposures

Sep 25, 2018 As more tech companies release virtual reality (VR) products, the impact on insurance is a growing concern. Kevin Quinley, founder and principal of Quinley...

‘Gig’ Economy May Not Be the Workforce of the Future

Sep 25, 2018 The “gig” economy might not be the new frontier for America’s workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work has been...

Causes of California’s Worst Fires Often Go ‘Undetermined’

Sep 25, 2018 California officials quickly determined an arsonist started last month’s huge wildfire southeast of Los Angeles, and that two weeks earlier sparks from a vehicle...

Slower Winds Means Florence May Cost Private Insurers Less Due

Sep 25, 2018 Hurricane Florence is likely to end up costing insurers far less than initially feared. Before making landfall, the storm weakened significantly, largely sparing...

Insurance Journal

Uber Drivers Benefits Lose Key Ruling in Pay and Benefits Suit

Sep 25, 2018 Uber Technologies Inc. drivers suffered a major defeat in one of the gig economy’s most closely watched labor fights with a ruling barring hundreds of thousands...

Maxwell Joins Insurance Office of America in South Carolina

Sep 25, 2018 Insurance Office of America (IOA) has added Leroy Maxwell to its Charleston, S.C., location as a risk management specialist. Before joining IOA, Maxwell served as a...

New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona

Sep 25, 2018 Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with...

Iowa Pulls Florida Man’s Non-Resident Producer License for ‘Bait, Switch’ Tactics

Sep 25, 2018 The Iowa Insurance Division has ordered Covals Douze, of Coconut Creek, Florida, to pay administrative fines and fees totaling $43,895 and...

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...