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New York Lawmakers Send Governor Principles-Based Reserving Law

Jun 22, 2018 New York lawmakers have sent Gov. Andrew Cuomo legislation allowing the state to implement a principles-based reserving standard for life insurers....

XL Catlin Launches Aviation Effort in Mexico

Jun 22, 2018 XL Catlin launched a specialty aviation insurance effort in Mexico the company said will initially focus on general aviation hull and liability risks. The company...

Chubb North America Makes Agriculture Business Leadership Appointments

Jun 22, 2018 Chubb has made leadership appointments in its North America agriculture business, which includes commercial property/casualty insurance...

Former California Insurance Agent Gets 15-Year Prison Term for Stealing $1.8 Million

Jun 22, 2018 Brian Jared Smart, a former California life insurance agent, has been sentenced to a 15-year prison term and has been ordered by...

Business Insurance

Petrobras workers win $4.5 billion wage spat

Jun 22, 2018 (Reuters) — Brazil's top labor court on Thursday ruled in favor of workers at state-controlled Petroleo...

Oilfield services provider wins patent damages

Jun 22, 2018 (Reuters) — The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the...

Consumer protection agency's structure unconstitutional: Judge

Jun 22, 2018 (Reuters) — A federal judge in New York ruled on Thursday that the structure of the U....

Insurance Journal

California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science

Jun 22, 2018 One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as...

Colorado Hailstorm Carries $169M Insurance Price Tag

Jun 22, 2018 Thousands of Fountain and Colorado Springs, Colo. area residents have spent the past week cleaning up and meeting with insurance adjusters after an unusual early morning June 13...

Alaska Marijuana Regulators to Discuss Onsite Use

Jun 22, 2018 Alaska regulators are set to discuss proposed rules for allowing onsite consumption of marijuana at certain shops in August. Regulators have gone back and forth on onsite use,...

How Insurance Plans Contribute to Opioid Epidemic: Johns Hopkins Study

Jun 22, 2018 Health care insurers including Medicare, Medicaid and major private insurers have not done enough to combat the opioid epidemic, suggests a study led by...

Claims Journal

Hospitals Built to Withstand Tornadoes After Joplin Storm

Jun 22, 2018 A Missouri healthcare company says it has toughened safety requirements for construction at its hospitals since six people died at its facility in Joplin when a massive...

Japan to Check Concrete Walls After Osaka Earthquake Deaths

Jun 22, 2018 Japan’s government has ordered an emergency inspection of cinder-block walls at schools nationwide, a day after an earthquake in Osaka killed five people, two...

Travelers Lists Top 5 Wedding Insurance Claims

Jun 22, 2018 Almost one quarter (23 percent) of Travelers Companies wedding insurance claims in 2017 were due to severe weather that forced the event to be canceled or postponed. This was the...

Idaho Officials Say They Are Ready for Wildfire Season

Jun 22, 2018 Idaho is as prepared as possible for the approaching wildfire season, with fire crews and air resources strategically placed, more ranchers signing up to help fight fires and two...