Industry News

Insurance Journal

London Market’s Placing Platform Completes Product Roll-Out with Treaty Reinsurance

Oct 15, 2018 The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on...

Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week

Oct 15, 2018 The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in...

Philippines Weighs Plan to Sponsor Catastrophe Bond Issue

Oct 15, 2018 The Philippines’ finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank...

FEMA Head ‘Ticked Off’ Over Cycle of Inadequate Storm Preparation, Insurance, Evacuations

Oct 15, 2018 Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and...

Claims Journal

Air Cargo Considers Single-Pilot Jets as Autonomous Flight Nears

Oct 15, 2018 Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers....

N.Y. Limo Service Operator Charged in Crash That Killed 20

Oct 15, 2018 A limousine service operator was charged Wednesday with criminally negligent homicide in a crash that killed 20 people, while police continued investigating what caused the...

Adaptive Headlights That Dim Themselves Could Be Coming to U.S.

Oct 15, 2018 U.S. auto safety regulators are moving to allow a new generation of brighter, self-dimming headlights that won’t blind other drivers on the road ahead. The...

Hurricane Michael’s Cost: $25B With up to $8B in Insured Losses

Oct 12, 2018 Hurricane Michael will probably end up causing at least $25 billion in economic losses. About $3 billion of that will fall on the federal flood insurance program...

Best's Reviews

Hurricane Michael Losses Estimated at $8 Billion as Insurers Begin Taking Claims

Oct 12, 2018 Insurers are reporting thousands of Hurricane Michael claims and Karen Clark & Co. estimates the industry incurred nearly $8...

International General Insurance Names Chief Actuary

Oct 12, 2018 International General Insurance Holdings Ltd. said it appointed Stephen Rix as chief actuary. He will be based in IGI’s London office, said the Dubai-based...

A.M. Best Assigns Issue Credit Ratings to Aflac Incorporated’s Senior Unsecured Notes

Oct 12, 2018 A.M. Best has assigned Long-Term Issue Credit Ratings of “a-” to the new yen-denominated senior unsecured notes of Aflac...

American Financial Plans to Strengthen Specialty Casualty With $28 Million ABA Insurance Acquisition

Oct 12, 2018 American Financial Group Inc. will acquire ABA Insurance Services Inc. in a $28 million cash deal intended to...

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...