Industry News

Business Insurance

Mexico quake losses could reach $2 billion: AIR

Sep 22, 2017 Insured losses from the magnitude 7.1 earthquake that struck central Mexico Sept. 19 will be between 13 billion and 36.7 billion...

Maria losses in Caribbean likely to top $1 billion

Sep 22, 2017 Insured losses in the Caribbean from Hurricane Maria will likely top $1 billion, and economic...

Texas governor appoints insurance commissioner

Sep 22, 2017 Texas Gov. Greg Abbott has appointed Kent Sullivan as Insurance Commissioner for a term set to expire Feb. 1, 2019.

Best's Reviews

Insurance Groups: Newly Signed Covered Agreement Helps US Companies Operate in EU

Sep 22, 2017 Leading U.S. insurance and reinsurance groups welcomed the new covered agreement signed Sept. 22 by the United States and the...

McCain, Paul Opposition Could End Latest Senate GOP Effort to Repeal ACA

Sep 22, 2017 U.S. Sen. John McCain won’t support his party’s latest effort to repeal the Affordable Care Act, potentially dooming the Graham-Cassidy...

A.M. Best Downgrades Credit Ratings of Canal Insurance Company and Canal Indemnity Company

Sep 22, 2017 A.M. Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit...

BestWeek: Hurricane-Triggered Outages, Flood, Supply Woes Spur Heavy BI Losses

Sep 22, 2017 Hurricanes Harvey and Irma triggered extended flooding and power outages, damaged infrastructure and disrupted industries, according...

Claims Journal

Senator Calls for Baseball to Extend Nets After New York Yankees Fan Hit

Sep 22, 2017 Congress rarely sits on the sidelines when it comes to highly-publicized sports issues. And this time, a top lawmaker is inserting himself in the middle of a...

Texas Roofer Appeals Class Certification in Case Alleging Hail Damage Solicitation

Sep 22, 2017 A Texas roofer has filed an appeal disputing a class action finding in a case involving allegations of hail solicitation that could impact...

Hurricane Maria Destroys Homes, Causes Flooding in Puerto Rico

Sep 22, 2017 The strongest hurricane to hit Puerto Rico in more than 80 years destroyed hundreds of homes, knocked out power across the entire island and turned some streets into...

Iowa Supreme Court Hears $75 Speed Camera Ticket Case

Sep 22, 2017 An Iowa woman who says she was wrongly ticketed by an automated traffic camera when she wasn’t speeding has accomplished the unusual feat of getting the state Supreme...

Insurance Journal

How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data

Sep 22, 2017 Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than...

Ratings of Illinois’ Prime Insurance Company Upgraded

Sep 22, 2017 A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of...

Ohio Increases Fines Against Pipeline Developer to $2.3M

Sep 22, 2017 Ohio’s environmental regulators have more than doubled the proposed fines against a company building a natural gas pipeline from West Virginia to Michigan, saying...

Jump in Energy Contract Lawsuits Expected in Harvey’s Wake

Sep 22, 2017 Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth...

Property Casualty 360

People on the move in the P&C insurance industry: Sept 22, 2017

Sep 22, 2017 News from Baldwin & Lyons Inc., American Technologies Inc., Sharestates and more.

5 South Florida lawyers arrested in alleged insurance fraud scheme

Sep 22, 2017 Detectives arrested five South Florida personal injury attorneys accused of participating in an insurance fraud with...

Bake the cake: The 6 P’s to insurance sales excellence

Sep 22, 2017 After spending 20 years in sales with corporate America, the author has determined that a good sale is like baking a cake.

Is it possible to fix the healthcare system?

Sep 22, 2017 Congress needs to understand the basic tenets of insurance before it can take action.