Industry News

Insurance Journal

Losses From Southern California Fire Could Reach $2.5B, Expert Says

Jan 23, 2018 Losses from the Thomas Fire in Southern California are expected to fall between $1 billion and $2.5 billion, a catastrophe modeling firm said on Tuesday. The...

Security Firm to Pay $90K to Settle Religious Discrimination Suit in California

Jan 23, 2018 Universal Protection Services, LP, dba Universal Protection Services, a nationwide private security services company, will pay $90,000 and furnish...

$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR

Jan 23, 2018 A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses...

FIT Insurance in Washington Names Morales Personal Account Manager

Jan 23, 2018 Bellevue, Wash.-based FIT Insurance has named Cynthia Morales a personal account manager. Morales has more than five years of experience in the private client...

Business Insurance

Best's Reviews

Unum to Acquire Polish Financial Protection Insurer Pramerica Życie From Prudential

Jan 23, 2018 Unum Group said it agreed to acquire Pramerica Życie TUiR SA, a financial protection provider in Poland, from a subsidiary of...

Axis Unveils Global Underwriting and Analytics Unit, Realigns Accident and Heath Segments

Jan 23, 2018 Axis Capital Holdings Ltd. unveiled several enhancements to its operating model, including the launch of a global...

California Insurance Commissioner to Review P/C Rates Post Corporate Tax Rate Cut

Jan 23, 2018 California Insurance Commissioner Dave Jones will review the rates of property/casualty insurers that stand to benefit from the...

Startup Hippo Raises $25 Million in Funding Round, Plans New Operations Center in Texas

Jan 23, 2018 Hippo, an insurtech startup that calls standard homeowners policies “sorely outdated,” has raised $25 million in a funding...

Property Casualty 360

Tesla crash with Autopilot triggers safety board's interest

Jan 23, 2018 The NTSB is gathering information about an accident involving a Tesla Model S sedan that rear-ended a firetruck on a freeway...

Ford urged to recall 1.3 million SUVs over exhaust fumes

Jan 23, 2018 Nearly 1,400 complaints about the exhaust fumes in the sport utility vehicles have been lodged with regulators.

5 insurance and artificial intelligence predictions for 2018

Jan 23, 2018 This will be the year when the insurance industry starts to fully realize the benefits of AI, and consumers begin to see its...

In defense of the difficult insurance client

Jan 23, 2018 When customers ask lots of questions, it’s not to be difficult. They’re particular about how they spend their money and they expect value.

Claims Journal

Termite Damage Isn’t Building Collapse for Purposes of First Party Property Coverage

Jan 23, 2018 The Kentucky Supreme Court recently found that an insurance company’s homeowners’ policy did not cover termite damage that did not...

Freezing Temps Break Water Pipes Across Texas

Jan 23, 2018 Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across the state of Texas. With temperatures now warming above the freezing...

Avalanche Risk at Highest Level, Top Ski Resorts in Europe Cut Off

Jan 23, 2018 Some of Europe’s top ski resorts, including Zermatt in Switzerland and St. Anton in Austria, are cut off as the avalanche danger was raised to the...

Business News: JLT Specialty USA, Betterview, The Institutes, CapSpecialty

Jan 23, 2018 JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has...