Industry News

Insurance Journal

Legacy Acquirer DARAG Buys Italian Motor Business from DONAU Versicherung

Jan 22, 2019 Legacy Acquirer DARAG Group Ltd. announced it has agreed to purchase a portfolio of Italian non-life business, consisting primarily of motor third...

Natural Disasters in 2018 Had $90B of Insured Losses, 60% Protection Gap: Aon

Jan 22, 2019 The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the...

Danske Bank Faces Shareholder Lawsuit over Money Laundering Scandal

Jan 22, 2019 Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske...

PM May Refuses to Rule Out No-Deal Brexit, but Seeks Further EU Concessions

Jan 22, 2019 British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions...

Claims Journal

Increased Fire Risk Leads to Hyundai, Kia Recall

Jan 22, 2019 Despite a government shutdown, Hyundai and Kia are moving ahead with a recall of about 168,000 vehicles to fix a fuel pipe problem that can cause engine fires. The problem stems...

Minnesota Among Fastest Warming States in U.S.

Jan 22, 2019 With its famously bitter winters growing milder, Minnesota is one of the fastest warming states in the country, according to scientists. Minnesota’s winters are warming at a...

PG&E Stalls Paying Settlements to 2015 Butte Fire Victims

Jan 22, 2019 PG&E Corp. is so cash-starved that it won’t commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on...

Family of Slain Wisconsin Woman Sues Employer

Jan 22, 2019 The family of a Madison woman who was fatally shot by her co-worker is suing the grocery store where she worked for allegedly knowing about her killer’s behavior of harassing...

Best's Reviews

Agents, Brokers Qualify for Pass-Through Federal Tax Deduction Under New Government Regulation

Jan 21, 2019 Independent agents and brokerages — organized as pass-through entities — are qualified to take a 20% tax deduction...

AM BestTV: Insurance Industry Honors Marsh & McLennan Companies CEO: ‘A Passion for Running to Problems and Solving Them’

Jan 21, 2019 In this episode of AM BestTV from the St. John’s University’s 24th annual Insurance...

Axa XL Completes EU Insurance Unit’s Transfer to Ireland From United Kingdom

Jan 21, 2019 Axa XL said it completed the transfer of its European Union insurance company, XL Insurance Co. SE from the United Kingdom to Dublin,...

UK’s Co-op to Sell Nonlife Insurance Arm to Markerstudy for £185 Million

Jan 21, 2019 U.K. consumer cooperative Co-op is to sell its insurance underwriting business, CIS General Insurance Ltd., to the Markerstudy Group of...