Industry News

Insurance Journal

$8.6B Worth of Homes at High or Extreme Risk from California Fires

Nov 16, 2018 A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high or extreme risk of wildfire damage within the...

Delle Joins Missouri’s Town and Country Insurance Agency

Nov 16, 2018 Troy, Missouri-based Town and Country Insurance Agency has hired Angie Delle as a Medicare specialist and producer. Delle will handle everything from Centers for...

Early Snowstorm Shuts Down Schools, Businesses in Eastern Missouri

Nov 16, 2018 Snow arrived early in eastern Missouri this year, forcing hundreds of schools and many businesses to close on Nov. 15 and causing numerous traffic accidents....

Leicht Elected President of Texas Surplus Lines Association

Nov 16, 2018 At its recent annual meeting, the Texas Surplus Lines Association Inc. elected Matt Leicht, owner/underwriter at the Houston-based wholesale insurance firm,...

Best's Reviews

Navigators Shareholders Approve Acquisition by Hartford

Nov 16, 2018 Shareholders of Navigators Group Inc. approved the company’s acquisition by Hartford Financial Services Group Inc. “Subject to the terms and conditions of...

Big I New York, PIANY File Lawsuit Challenging State’s Best Interest Standard Rule

Nov 16, 2018 Big I New York and the Professional Insurance Agents of New York State Inc. have filed a lawsuit in state court to vacate the New...

A.M. Best Downgrades Credit Ratings of State Mutual Insurance Company

Nov 16, 2018 A.M. Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR...

Allianz Global Head of Claims: Interconnected World Links Cat Impact Across Markets

Nov 16, 2018 Philipp Cremer, global head of claims, Allianz Global Corporate & Specialty, said about half of the companies that report...

Claims Journal

Extreme Market Changes Expected From Autonomous Cars

Nov 16, 2018 Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to...

AAA: Testing Shows Electronic Driving Systems Don’t Always Work

Nov 16, 2018 Testing by AAA shows that electronic driver assist systems on the road today may not keep vehicles in their lanes or spot stationary objects in time to avoid a...

Lack of Tools Hinders Search For Crashed Jet’s Cockpit Recorder

Nov 16, 2018 A delay in securing equipment needed to find recordings of the pilots’ final conversations on the doomed Lion Air jet is hampering Indonesian authorities...

Travelers Have Options When Researching Safety of Foreign Airlines

Nov 16, 2018 International air travel has become remarkably safe in recent years, with deadly accidents like last month’s Lion Air crash in Indonesia becoming more...