Industry News

Insurance Journal

Tata Group Predicts Significant Organic Growth Opportunities in Insurance

Jan 23, 2018 The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate...

Travelers Manages Q4 Profit Despite Wildfires, Tax Hit

Jan 23, 2018 Property/casualty insurance giant Travelers Companies Inc. reported net income of $551 million for the quarter ended December 31, 2017, a 42 percent drop compared to $943...

Idaho School Trying to Recover Data Weeks After Ransom-Seeking Cyberattack

Jan 23, 2018 Nearly six weeks after being hit by a massive ransomware cyberattack, the Jerome School District is still working to recover. On Dec. 11, school district...

California Commissioner Wants Insurers to Pass Tax Savings to Policyholders

Jan 23, 2018 California Insurance Commissioner Dave Jones wants insurers in his state to pass along savings from taxes expected to be generated by the new tax bill...

Best's Reviews

Brown & Brown CEO: Abundant Capital Keeps Rates Down Despite Cat Losses

Jan 23, 2018 Growth in catastrophe-related business and a positive effect from federal tax reform aided insurance broker Brown & Brown Inc. in a...

China Insurance Profit Lifted by Stock Investment Yield in 2017

Jan 23, 2018 China’s insurance industry reported a 29.75% rise in profit to 256.7 billion yuan (US$40.8 billion) in 2017, supported by significant growth in...

A.M. Best Assigns Issue Credit Rating to Voya Financial Inc.’s New Junior Subordinated Notes

Jan 23, 2018 A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb-” to the $350 million 4.70% fixed-to-floating rate...

At Manifesto Launch, UK Broker Group Decries ‘Burdensome’ Regulation

Jan 23, 2018 U.K. insurance brokers, grappling with what the British government has described as a lag in national productivity in relation to other...

Business Insurance

Removal of MetLife’s SIFI designation ‘credit negative’: Moody’s

Jan 23, 2018 The end of MetLife’s “too big to fail” designation is a negative credit rating...

Los Angeles police policing its own on comp fraud

Jan 23, 2018 The Los Angeles Police Department has arrested two of its own in the past two weeks for suspected workers compensation fraud,...

Supreme Court to hear SEC administrative law judge case

Jan 23, 2018 The high court’s decision could have a significant effect on the constitutionality of...

Factories closing amid lack of supplies, inflation

Jan 23, 2018 Factories across Venezuela have been forced to shut down amid lack of supplies and raw materials, skyrocketing inflation and a...

Property Casualty 360

5 insurance and artificial intelligence predictions for 2018

Jan 23, 2018 This will be the year when the insurance industry starts to fully realize the benefits of AI, and consumers begin to see its...

In defense of the difficult insurance client

Jan 23, 2018 When customers ask lots of questions, it’s not to be difficult. They’re particular about how they spend their money and they expect value.

New drone technology raises risks and rewards

Jan 23, 2018 These eyes in the sky capture critical information for adjusters on a myriad of claims.

The aftermath of wildfires: Insurance coverage questions answered

Jan 23, 2018 In order for insureds to have coverage for the mudslides, landslides and mudflows, the insureds may look to a flood policy...

Claims Journal

Freezing Temps Break Water Pipes Across Texas

Jan 23, 2018 Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across the state of Texas. With temperatures now warming above the freezing...

Avalanche Risk at Highest Level, Top Ski Resorts in Europe Cut Off

Jan 23, 2018 Some of Europe’s top ski resorts, including Zermatt in Switzerland and St. Anton in Austria, are cut off as the avalanche danger was raised to the...

Business News: JLT Specialty USA, Betterview, The Institutes, CapSpecialty

Jan 23, 2018 JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has...

Under New Law Maine Sees Fewer Opioid Prescriptions

Jan 23, 2018 A report released this month shows doctors in Maine are writing fewer opioid painkiller prescriptions in a state that rolled out one of the nation’s toughest prescription...