Industry News

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Florida OIR: Hurricane Irma Claims Statewide Already Exceed $2.1 Billion

Sep 19, 2017 Insurers in Florida have filed $2.16 billion in claims as a result of Hurricane Irma, according to preliminary data derived from insurer...

Progressive: Hurricane Harvey Generated Nearly All of $254 Million of August Catastrophe Losses

Sep 19, 2017 Hurricane Harvey caused more than 90% of Progressive Corp.’s $254 million of August catastrophe losses, the company...

NAMIC Gearing Up to Battle Bipartisan No-Fault Reform Package in Michigan House

Sep 19, 2017 The National Association of Mutual Insurance Companies opposes a legislative package offered by a bipartisan group of Michigan...

Claims for Hurricane Harvey, Irma Will Outstrip NFIP Borrowing Authority, Lawmaker Says

Sep 19, 2017 To pay out the burgeoning number of National Flood Insurance Program claims from hurricanes Harvey and Irma, Congress needs...

Business Insurance

Irma flood, wind losses could reach $12 billion: CoreLogic

Sep 19, 2017 Insured flood losses from Hurricane Irma for commercial properties is estimated at $4 billion to $8 billion,...

XL Catlin to move EU insurance operations to Ireland in response to Brexit

Sep 19, 2017 XL Group Ltd. says it will move XL Insurance Co. S.E., its principal European Union...

Massachusetts sues Equifax as hack concerns spread to Canada

Sep 19, 2017 Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm...

Insurance Journal

California Commissioner Sums up Trump Battle, High on Cannabis Insurance

Sep 19, 2017 It’s David vs. Goliath. That about sums up California Insurance Commissioner Dave Jones’ feelings on his efforts to keep the remnants of...

Travelers’ Cunningham Joins Liberty Mutual to Lead National Insurance Property

Sep 19, 2017 Liberty Mutual Insurance has appointed Gregg Cunningham as executive vice president, National Insurance, and general manager, National Insurance...

Percent of Indiana Residents Without Health Insurance Declines

Sep 19, 2017 A U.S. Census Bureau report has found that Indiana had 373,000 fewer people without health insurance last year than three years earlier. The report released last...

Iowa Workers’ Comp Rate to Drop in 2018; Debate On as to Why

Sep 19, 2017 The Iowa governor’s office and the organization that sets workers’ compensation rates are disputing over whether a new law influenced a recent rate...

Property Casualty 360

Mexico is rocked by 7.2 earthquake on anniversary of 1985 devastation

Sep 19, 2017 A powerful 7.2 magnitude earthquake struck near Mexico City, toppling buildings and extinguishing lights as thousands...

Puerto Rico braces for Maria after Irma's $1 billion damage

Sep 19, 2017 Puerto Rico is facing an active hurricane season with little financial ability to navigate a natural catastrophe.

Optimize your workers’ comp spend with experience modifications

Sep 19, 2017 You may be able to reduce or control your workers' comp costs with careful attention to your experience modification.

The cyber liability insurance market rises

Sep 19, 2017 Risk managers are frustrated at the lack cyber liability coverage options while insurers are frustrated that the market has not yet taken off. Brokers are...

Claims Journal

Technology Gains Over the Years Improved Catastrophe Claims Response

Sep 19, 2017 Claims handling has come a long way in 30 years. Just ask Randall Beal, manager of the field technical unit for American Modern Insurance Group. He began...

After Irma’s $1B Damage Puerto Rico Braces for Maria

Sep 19, 2017 Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already...

Study Finds Small Drones Unlikely to Cause Major Head Injuries

Sep 19, 2017 The small, popular drones flooding the commercial market are unlikely to cause severe head injuries if they fall out of the sky and strike people, a new study has...

State Budgets Strained by Natural Disaster Costs

Sep 19, 2017 A summer of natural catastrophes, from epic hurricanes to scorching wildfires, has exposed another peril in disaster-prone states: How to pay for the rescues, repairs and...