Industry News

Insurance Journal

Illinois County Pay $3M to Settle Case Over Missing Stop Sign in Fatal Crash

Oct 17, 2018 A northern Illinois county has agreed to a $3 million settlement with the family of a pregnant woman who was killed in a crash at a rural...

Floodwaters in Central Texas Destroy Bridge, Force Evacuations

Oct 17, 2018 Fast-moving floodwaters destroyed a bridge, forced the evacuation of riverside homes and led to numerous water rescues in Central Texas on Tuesday after more...

WCIRB Studied Impact of Medical Fraud Enforcement in California

Oct 17, 2018 The Workers’ Compensation Insurance Rating Bureau of California has released a study that shows the impact of medical provider fraud on the system, and it...

Insurer Group Hammers Claim that California Prop 103 Saved Drivers Billions

Oct 17, 2018 The insurance industry is taking exception to a new report commemorating the 30th anniversary of one of California’s primary auto insurance laws...

Best's Reviews

Extraordinary Re CEO: New Firm Aims to Create Tradeable Risk

Oct 17, 2018 Will Dove, chairman and chief executive officer, Extraordinary Re, said the company includes a reinsurance operation and technology that allows...

Update: Florida OIR Says Insurers Have Taken In More Than $550 Million in Hurricane Michael Losses

Oct 17, 2018 (Updates State Farm claims numbers.) Florida insurers have taken in 57,850 claims related to Hurricane Michael...

Hannover Re Completes $125 Million Wildfire Cat Bond, Sees Market Volume Approach $100 Billion in 2018

Oct 17, 2018 Hannover Re said it completed its fifth catastrophe bond transaction for clients this year, its latest a $125...

Blue Capital Re: More Than Half of Estimated $10.2 Million in 3Q Cat Losses Related to 2017’s Hurricane Irma

Oct 17, 2018 Blue Capital Reinsurance Holdings Ltd. said its third-quarter results will be affected by about $10.2...

Claims Journal

As More States Legalize Pot, Impaired Driving Warnings Issued

Oct 17, 2018 U.S. transportation safety officials are sounding the alarm on drug-impaired driving, calling for state and federal regulators to do more to tackle the growing...

Controlled Burns as the Lesser of Two Evils

Oct 17, 2018 About 30 members of the crew stood in the morning still of the Oregon forest as Katie Sauerbrey laid out the plans for the day. Some carried shovels or pickaxes. Others leaned against...

Report: Oklahoma School Bus Traveling too Fast for Conditions

Oct 17, 2018 An Oklahoma school bus that hydroplaned on a wet road and crashed in Central Texas last month, injuring nearly everyone onboard, was traveling at an unsafe speed...

Michael Highlights Florida Panhandle’s Weak Building Codes

Oct 17, 2018 Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests...

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...