Industry News

Insurance Journal

S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook

Sep 25, 2017 S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook. The...

Two Workers Die in Separate New York Building Construction Site Falls

Sep 25, 2017 Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on Thursday. The first death occurred in the...

Woman Dies in New Jersey After Getting Caught in Jose-Spawned Rip Current

Sep 25, 2017 Authorities say a New York woman who was pulled unconscious from rough waters at a New Jersey shore beach this week has died. Asbury Park police say 42-year-...

Lloyd’s Broker AFL Creates Energy Practice Led by Quick & Pearce from Tysers

Sep 25, 2017 AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon Pearce....

Business Insurance

Restaurants, traders yet to receive insurance payout following London Bridge terror attack

Sep 25, 2017 Restaurant and traders around Borough Market in London...

Automakers likely to face billions of euros in fines

Sep 25, 2017 A study by U.K.-based PA Consulting Group Ltd. found that automakers including Germany-based Volkswagen A.G., BMW A.G. and...

Latin American trade bloc members mulling cat bond

Sep 25, 2017 Larisa Mora-Aguila, Mexico's deputy director of public debt office, said that four members of Latin American trade bloc Pacific...

Property Casualty 360

Hurricane Irma’s commercial property damage & how prep helped limit losses

Sep 25, 2017 Hurricane Irma really highlighted the importance of being well prepared and having evacuation, business...

4 things to know about power surges from hurricane-force winds

Sep 25, 2017 Hurricane-force winds can knock out power lines, but what happens when power is restored?

Insurers may have a ‘diminished value’ problem in Georgia

Sep 25, 2017 Many homes lose value after they're damaged by wind or hail. How should the insurer assess diminished value?

Here's why fraudsters love digital

Sep 25, 2017 Many insurers are investing heavily into their websites, operational systems and digital transformation processes. But what about the fraudster?

Claims Journal

Insurance Fights Over Sandy Rage On

Sep 25, 2017 The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance payouts. And many victims of this year’s storms in Texas,...

Insurers Downgrade Anticipated Profit Goals Amid Hurricane Losses

Sep 25, 2017 Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the Gulf Coast. The initial accounting...

Report: Hackers were snooping inside Equifax as of March

Sep 25, 2017 Hackers broke into Equifax’s computer systems in March, two months earlier than the company had previously disclosed, according to a Wall Street Journal report . That...

Montana Set to Take Over Deadly Libby Asbestos Cleanup Site

Sep 25, 2017 The cleanup of a northwest Montana community where health professionals say hundreds of people have been killed by asbestos exposure entered a new phase Thursday as officials...

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 bill...

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 to...