Industry News

Best's Reviews

Aon Executive: Inflationary Pressure Likely to Drive 1H Catastrophe Claims Costs Higher

Jul 01, 2022 Inflationary pressure is likely to drive loss costs higher on catastrophe claims filed during active first half of the year,...

Proposed Rochester Diocese Settlement Shows CNA Providing $63.5 Million

Jul 01, 2022 A CNA Insurance Co. subsidiary has agreed to pay $63.5 million, the most of a group of four carriers, to settle sexual abuse claims against...

BestWeek: Rising Claims, Growing Cybercrime Concerns Point to Challenges Ahead for US Cyber Liability Market

Jul 01, 2022 The U.S. cyber liability insurance market saw a 75% increase in direct premiums written in 2021, but a...

Marsh Names US Chemical Practice Leader

Jul 01, 2022 Marsh has hired Stephen Horstkamp to succeed Mary Russell as U.S. Chemical Practice Leader. Horstkamp will be based in Boston. Russell is retiring from the firm....

Insurance Journal

People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia

Jul 01, 2022 This edition of International People Moves details appointments at Verisk and...

Agents: Fourth of July Brings Risks & Claims

Jul 01, 2022 It has been a few years. Policyholders may have forgotten about that last barbeque mishap in their backyard. Maybe the memory has gotten hazy about that one time their college...

New Alabama, Georgia Laws Taking Effect Today Indirectly Affect Insurance

Jul 01, 2022 Several Alabama and Georgia laws that could indirectly affect property, liability and workers’ compensation insurance take effect today, July 1....

Regulator Bars Texas Plant Restart Over Safety Concerns

Jul 01, 2022 The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart operations until it addresses...

Claims Journal

Tesla Hit by New Lawsuit Alleging Racial Abuse Against Black Workers

Jul 01, 2022 SAN FRANCISCO —Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected...

Connecticut to Pay $9M to Settle Hospital Patient Abuse Suit

Jul 01, 2022 HARTFORD, Conn. (AP) — A Connecticut judge has approved a $9 million settlement between the state and the brother of a man who was abused numerous times at the state...

Environmental Activists Train Drone Pilots to Find and Pursue Pollution

Jul 01, 2022 POOLESVILLE, Md. (AP) — When environmentalist Brent Walls saw a milky-white substance in a stream flowing through a rural stretch of central...

New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

Jul 01, 2022 WASHINGTON (AP) — The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle...