Industry News

Insurance Journal

Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law

Jun 21, 2018 The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the...

Sea Level Rise Puts $117.5B at Risk from Chronic Flooding

Jun 21, 2018 Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil...

Arthur J. Gallagher Buys Marchetti, Robertson & Brickell Insurance and Bonding Agency

Jun 21, 2018 Illinois-based Arthur J. Gallagher & Co. has acquired Marchetti, Robertson & Brickell Insurance and Bonding Agency Inc., with...

Artist Sues NRA for Using Chicago’s ‘Bean’ Sculpture in video

Jun 21, 2018 The artist behind Chicago’s famous bean-shaped sculpture has filed a federal lawsuit accusing the National Rifle Association of copyright infringement by...

Best's Reviews

A.M. Best’s Silverman: Solvency II Reporting Sheds Additional Light on Insurers

Jun 21, 2018 Anthony Silverman, associate director of analytics, A.M. Best, explains how Solvency II financial reporting reveals additional...

Nationwide Adding Jobs, Converting Space for Larger Innovation Center

Jun 21, 2018 Nationwide plans to add dozens of jobs and convert existing space this year to create a 31,000-square-foot innovation center focused on...

BMS Enters Tied Representative Agreement With Turkish Broker

Jun 21, 2018 BMS Group Ltd. said it entered into a tied representative agreement with Turkish specialist insurance and broker Rönesans Reasürans ve Sigorta...

New York, Massachusetts Will Sue to Block Trump AHPs Expansion

Jun 21, 2018 Attorneys general from New York and Massachusetts said they will sue to block the Trump administration’s planned expansion of the cross-state sales...

Business Insurance

Terminated Chubb unit exec must submit to arbitration

Jun 21, 2018 The terminated former vice president of claims field operations for a Chubb Corp. unit, who...

Harvey damage illustrates need for disaster preparedness: Study

Jun 21, 2018 Hurricane Harvey served as a stark wake-up call about the need to enhance flood resilience,...

OneBeacon Surety Group announces expanded capacity, exec changes

Jun 21, 2018 OneBeacon Surety Group, part of OneBeacon Insurance Group Holdings Ltd., will...

Claims Journal

Business News: Lloyd’s Lab, SUNZ Holdings, USI Affinity

Jun 21, 2018 Lloyd’s Lab Begins Global Search for Tech Talent Lloyd’s Lab has launched a global search for tech talent to partner with the Lloyd’s market and...

Upper Midwest Dealing With Death, Flooded Roads After Storms

Jun 21, 2018 Widespread flooding in the Upper Midwest was blamed for at least one death in Wisconsin, while disaster declarations were issued Monday in northern Michigan after flash...

Detroit Train Station Key to Ford’s Autonomous Vehicle Plans

Jun 21, 2018 Bill Ford looks past the tons of paint, plaster and steel needed to remake Detroit’s blighted Michigan Central train station and sees more than just an iconic...

Commentary: Insurer CEO Can’t Simply Rewrite Rules of M&A

Jun 21, 2018 The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to...