Industry News

Insurance Journal

Real Life Examples Show Why Businesses Must Boost Their Cyber Defenses

Mar 18, 2019 When cyber thieves attacked Empire Industries’ computer network, technology manager Rich Shemanskis could see files in the process of being infected...

Tropical Cyclone Idai Devastates Mozambique, Zimbabwe with at Least 166 Deaths

Mar 18, 2019 A tropical cyclone killed at least 166 people in Mozambique and Zimbabwe, destroying roads and bridges and curbing electricity exports to...

BHSI Launches Professional Liability Cover for Asset Managers and Funds in UK, Ireland

Mar 18, 2019 Berkshire Hathaway Specialty Insurance (BHSI) has launched Professional First Asset Management Liability Insurance, which provides...

CBS Settles $1.25M Investor Lawsuit over ‘Improper’ Redstone Compensation

Mar 18, 2019 CBS Corp. directors agreed to settle for $1.25 million investors’ claims that network owner Sumner Redstone received millions of dollars in...

Claims Journal

Investigators Pin Thomas Fire on Southern California Power Lines

Mar 18, 2019 One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said...

Mother and Foster Daughter Accused of Scamming AFLAC for $400K

Mar 18, 2019 Two Washington state woman are accused of scamming more than $400,000 from AFLAC by filing multiple fraudulent claims from 2012 to 2015, according to Insurance...

Boeing Max Grounding May Spark Uptick in Travel Insurance Claims

Mar 15, 2019 The grounding of Boeing 737 Max airplanes is likely to cause a spike in travel insurance claims, InsureMyTrip said in a press release. “This is a very rare...

Work Comp Fraudster Must Repay $246K, Spend Seven Months in Prison

Mar 15, 2019 A Cleveland-area man was sentenced to seven months in prison Wednesday and ordered to repay nearly $246,000 in disability benefits he fraudulently received from...

Best's Reviews

Bupa’s 2018 Profit Falls 12% on UK Aged Care Divestment, Australia Problems

Mar 15, 2019 British United Provident Association Ltd. cited the divestiture of its U.K. aged care business at the end of 2017 and early 2018 and...

NH Senate Passes Bill to Allow Association Health Plans

Mar 15, 2019 The New Hampshire Senate has passed a bill that would allow small businesses and self-employed people to form associations to purchase health insurance....

Outstanding Canadian Regulatory Approvals Lead Genworth and Oceanwide to Ninth Merger Agreement Extension

Mar 15, 2019 Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. have agreed to a ninth extension of...

AM Best Downgrades Credit Ratings of INTEGRAND Assurance Company; Maintains Under Review With Negative Implications

Mar 15, 2019 AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B++ (Good) and the...