Industry News

Best's Reviews

Progressive Third-Quarter Net Up 13% Despite Cat Losses From Hurricanes Harvey, Irma

Oct 17, 2017 Progressive Corp. catastrophe losses more than quadrupled in September to $155 million after Hurricane Irma hit Florida. The...

A.M. Best Enhances Best’s Capital Adequacy Ratio Model –P/C, US Product to Integrate Updated Criteria for BCAR

Oct 17, 2017 A.M. Best has released changes to its Best’s Capital Adequacy Ratio Model – P/C, US product, which...

A.M. Best Posts Presentations From Its New York Insurance Market Briefing

Oct 17, 2017 Audio and video from A.M. Best’s Oct. 11 market briefing in New York City are available online at http://amb.brightcovegallery.com/...

Argo Estimates Up to $110 Million in Third-Quarter Catastrophe Losses

Oct 17, 2017 Argo Group International Holdings Ltd. said it is estimating preliminary third-quarter pretax catastrophe losses of about $85 million to $110...

Insurance Journal

Freelance Workforce Keeps Growing, Increasingly by Choice

Oct 17, 2017 Freelancing is growing. The freelance workforce grew from 53 million in 2014 to 55 million in 2016 and currently represents 35 percent of the U.S. workforce. This...

Specter of Corporate Exodus Leaves Connecticut Budget in Crisis

Oct 17, 2017 Thirty years ago, so many companies flocked to Connecticut that Stamford, a waterfront enclave of about 100,000 residents, became the third-largest center of...

Windham Group Receives 1st Case in Mass. Alternate Opioid Treatment Pathway

Oct 17, 2017 Windham Group, a workers’ compensation case management company, has received the first case in Massachusetts’ Alternate Opioid Treatment...

Tornado in Oregon Damages Small Planes

Oct 17, 2017 Authorities say that it was a tornado that touched down south of Portland, Ore. last week overturning small airplanes, downing power lines and damaging several glass greenhouses. National...

Business Insurance

Insurance payouts may not cover all wildfire damage for California wineries

Oct 17, 2017 (Reuters) — Wineries damaged by wildfires tearing through Northern...

North Korea likely behind Taiwan SWIFT cyber heist: BAE

Oct 17, 2017 (Reuters) — Cyber security firm BAE Systems said it believes the North Korean Lazarus hacking group is likely...

Willis Towers Watson names leader for Central/Eastern Europe, Middle East, Africa

Oct 17, 2017 Willis Towers Watson P.L.C. has appointed Neil Irwin as leader...

Economy, market resistance challenge insurance industry

Oct 17, 2017 The insurance industry is facing challenges from the economy and pressures on formerly stable lines, but it still...

Claims Journal

Oil Rig Blast on Louisiana Lake Injures Many, 1 Missing

Oct 17, 2017 An oil rig explosion on a lake north of New Orleans, apparently caused when cleaning chemicals ignited, injured seven people and left authorities searching for another...

Decisions Still Pending on 3 Florida FEMA Appeals

Oct 17, 2017 Florida communities cleaning up and making repairs after Hurricane Irma may expect the U.S. government to reimburse their costs, but an analysis by The Associated Press shows...

P&C Insurance Claims Transformation in 2017 – Retrospective and Prospective

Oct 17, 2017 Insurance carriers have made an unprecedented investment to improve the integrity of their claims systems and processes. This transformation started...

Warming Seas Could Lead to 70% Rise in Hurricane-Related Financial Loss

Oct 17, 2017 If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change...

Property Casualty 360

Subrogation and the Act of God defense

Oct 17, 2017 Parties looking to recover damages will consider potential sources of injury, but what about natural disasters?

5 client takeaways from Hurricanes Harvey and Irma

Oct 17, 2017 JAG Insurance Group has been deep in the trenches in South Florida, helping residents and business owners recover from recent hurricane...

Understanding how property is valued after a fire

Oct 17, 2017 When the wildfire smoke clears along the Pacific coast, property insurance policyholders will be faced with filing claims that may be...

NU Agency of the Year Award, Cobb-Hall Insurance: The Relationship Business

Oct 17, 2017 For Cobb-Hall, clear messaging, client education and solid communication add up to an enviable retention rate.