Industry News

Claims Journal

Pence Arrives in Nebraska to Review ‘Bomb Cyclone’ Flooding

Mar 19, 2019 Vice President Mike Pence arrived in Nebraska on Tuesday to survey the devastation unleashed across the U.S. Midwest by floods that have killed four people and caused...

Chemical Fire Timeline Abandoned as Plume Towers Over Houston

Mar 19, 2019 As a towering plume of black smoke billowed a mile above Houston for a third day, local officials said they don’t know how long the petrochemical blaze that...

Tesla Plant Sees 195% Surge in Time Away Due to Injuries

Mar 19, 2019 Tesla Inc.’s manic year of production took its toll on workers. Staff at the automaker’s lone assembly plant in Fremont, California, spent almost three times...

Lyft and Uber Fly to Hawaii to Build Their Own Captive Insurers

Mar 19, 2019 Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road...

Insurance Journal

Hub Acquires Assets of Ritehealth Solutions in Colorado

Mar 19, 2019 Hub International Ltd. has acquired the assets of Lafayette, Colo.-based RiteHealth Solutions Inc. Terms of the deal were not disclosed. RiteHealth owner Rachel Zeman will...

Surplus Line Association of California Formally Elects 2019 Board

Mar 19, 2019 The members of the Surplus Line Association of California have reelected Robert Gilbert of Markel West Insurance Services as chair of the SLA board of directors....

Mississippi Deputy Accused of Cheating Insurer Out of Nearly $13K

Mar 19, 2019 A Mississippi sheriff’s deputy and another man face felony charges after authorities said they cheated an insurance company by falsely claiming an off-...

Insurance Industry Has Major Impact on Illinois’ Economy, Study Shows

Mar 19, 2019 A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study...

Best's Reviews

FEMA to Restructure NFIP Rates, Will Be Based on Individual Property Risks

Mar 19, 2019 The Federal Emergency Management Agency has launched an overhaul of the National Flood Insurance Program rate structure, which will base...

Ageas UK to Close Offices, Cut Jobs

Mar 19, 2019 Ageas UK said it will close office and cut jobs following a review of its property, IT infrastructure and operations. “This review reflected both the reduction in demand from...

Following Strong 2018 Result, Munich Re Targets Profit Rise for This Year

Mar 19, 2019 Munich Re is targeting a profit rise of about €200 million (US$227.1 million) in 2019 after a strong gain for the previous year. The past...

University of California’s Captive Director: Multiple Captives Serve Range of Needs

Mar 19, 2019 Courtney Claflin, executive director, captive programs at the University of California, said the university system operates four...