Industry News

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Chubb Posts 1.1% Drop in First-Quarter Net on Catastrophe Losses

Apr 24, 2018 First-quarter net income fell slightly for Chubb Ltd. on catastrophe losses, including California wildfires and storms in the U.S. northeast. Net...

Assured Guaranty Ltd. Objects to Short Position of Greenlight Capital Principal

Apr 24, 2018 Assured Guaranty Ltd. is taking issue with what it calls a “fundamental lack of understanding” it sees in a presentation given by a...

Donegal Execs: Commercial Auto Severity Spikes as Company Posts $18 Million Net Loss

Apr 24, 2018 Donegal Group Inc. is re-underwriting its commercial auto business on a state-by-state basis starting with Georgia, where it’s...

AHIP Wants Six-Month Cap on Short-Term Health Plans in Proposed Federal Rule

Apr 24, 2018 America’s Health Insurance Plans is asking federal regulators to cap short-term, limited-duration health insurance plans to six months...

Business Insurance

Willis Towers Watson makes corporate risk and broking changes

Apr 24, 2018 Willis Towers Watson P.L.C. has added Jim O’Connor, Jon Drummond and Amelia Valz to...

Axis funding risk management academy at University of Illinois

Apr 24, 2018 Axis Capital Holdings Ltd. said Tuesday it had established the Axis Risk Management...

Ohio proposes $1.5 billion comp rebate for employers

Apr 24, 2018 Ohio Gov. John R. Kasich and the top executive for the Ohio Bureau of Workers Compensation on...

Brown & Brown revenue up 7.8% in first quarter

Apr 24, 2018 Brown & Brown Inc. reported first-quarter 2018 revenue of $501.5 million, up 7.8% from...

Insurance Journal

Appalachian Underwriters Names Dail Western Region Vice President

Apr 24, 2018 Appalachian Underwriters Inc. has named Eric Dail its Western region vice president. He will now manage the day-to-day operations of the Scottsdale, Ariz. office,...

Cause of $6K in Damage to Small Arkansas Airport? Coyotes.

Apr 24, 2018 Officials at a small municipal airport in central Arkansas are battling an unlikely foe — coyotes that keep chewing on part of the taxiway. The damage at the...

Texas Windstorm Policy Assumption Program to Begin Soon

Apr 24, 2018 The Texas Windstorm Insurance Association will soon begin its annual program designed to move policies out of the residual market for wind and hail along the Texas...

Travelers Enhances Workers Comp Claims Platform for Injured Employees

Apr 24, 2018 The Travelers Companies, Inc. has added new digital capabilities to its “MyTravelers for Injured Employees” workers’ compensation claims...

Claims Journal

Wisconsin Appeals Court Rules Online Gun Market May Be Held Liable for Fatal Shooting Spree

Apr 24, 2018 One of the biggest U.S. online gun markets can be held liable for negligence for the private sale of a weapon used in a fatal shooting...

CDC Issues Warning Over Romaine Lettuce E. coli Fears

Apr 24, 2018 U.S. health officials on Friday told consumers to throw away any store-bought romaine lettuce they have in their kitchens and warned restaurants not to serve it amid an E....

Residents Critical of State Program to Repair Harvey-Damaged Homes

Apr 24, 2018 Several Texas homeowners who have participated in a state-run, quick hit program to repair homes damaged during Hurricane Harvey said Wednesday their houses...

Florida’s Top 10 Most Wanted Insurance Fraudsters

Apr 24, 2018 Florida Chief Financial Officer Jimmy Patronis has released a top 10 list of most wanted insurance fraud criminals and called on local communities to help find the individuals....

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.