Industry News

Insurance Journal

Digital Insurance Agency EverQuote Launches IPO

Jun 18, 2018 Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43 million in net proceeds for the company....

Oregon Marijuana Growers Turning to Hemp as CBD Extract Explodes

Jun 18, 2018 A glut of legal marijuana is driving Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make...

12,000-Plus Claims Filed for Hail Damage in Colorado

Jun 18, 2018 Insurance companies say they have received more than 12,000 claims for damage to vehicles and houses in Colorado Springs, Colo. after the city’s worst hail storm in 20...

Coffee Doesn’t Need a Cancer Warning, California Agency Says

Jun 18, 2018 Starbucks Corp. and other coffee retailers are looking to get a reprieve in a legal battle over whether they need to post warnings in California that a cup of java...

Business Insurance

South African insurer hit by cyber extortion attack

Jun 18, 2018 (Reuters) — South African insurer Liberty Holdings Ltd. said it had become the victim of a cyber attack...

Supreme Court to review scope of investor protection laws

Jun 18, 2018 (Reuters) — The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned...

Chilton to step down as head of Gallagher’s international unit

Jun 18, 2018 Grahame “Chily” Chilton will step down as chief executive officer of Arthur J....

Best's Reviews

Best’s Briefing: Tax Reform a Mixed Bag for Captives

Jun 18, 2018 The impact of tax reform is generally a positive for U.S.-domiciled captives and a mixed bag for offshore captive insurance companies, though in some cases, it...

Three Insurers Take In More Than 15,700 Claims Following Severe Hail Near Colorado Springs

Jun 15, 2018 Three insurers have taken in more than 15,700 claims after a severe storm dumped baseball-size hail in the Colorado...

California Senate Committee Passes Four Insurance Bills to Protect Victims of Wildfires

Jun 15, 2018 The California Senate Insurance Committee has passed four bills that would provide consumer protections for wildfire...

Health Reinsurance Specialist Sequoia Re Launches With ELMC Risk Solutions Backing

Jun 15, 2018 Sequoia Reinsurance LLC said it launched operations focused on HMO reinsurance and provider excess segments. The new company has...

Claims Journal

A Year Later, Grenfell Tower Fire Still Haunts Britain

Jun 18, 2018 In the shadow of London’s Grenfell Tower, the pain is as fresh as the newly laid flowers for the dead. One year ago, the residential high-rise was destroyed by a...

Watchdog Probe Finds FAA Inspectors let Unsafe Charters Fly

Jun 18, 2018 Government aviation inspectors allowed unsafe aircraft to operate in U.S. commercial flight operations, a whistleblower investigation has concluded. The Federal...

Washington Pedestrian, Cyclist Deaths Double in Recent Years

Jun 18, 2018 Pedestrian and bicyclist deaths doubled statewide over four years, a new state report shows, despite Washington’s ongoing effort to eliminate traffic fatalities and...

Some Hawaii Lava Evacuees May Return to Homes During ‘Stable’ Flow

Jun 18, 2018 Officials on Hawaii’s Big Island let some people back into their homes and scaled down emergency operations Monday as lava flowed into the ocean on a path that...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.