Industry News

Insurance Journal

Dropped Thermos May Have Been Behind Deadly 2017 New York Bus Crash

Feb 22, 2019 A dropped thermos wedged between the brake and accelerator pedals of a charter bus may have been behind a 2017 crash in Flushing, New York, that killed three...

Financial and Reputational Costs of Cyber Attacks Can Be Fatal to SMEs: Chubb

Feb 22, 2019 The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (...

Arch Capital Group Names Englesbe as Chief Risk Officer

Feb 22, 2019 Arch Capital Group Ltd. announced that Janice Englesbe will join the company as senior vice president, chief risk officer (CRO) effective Feb. 25, 2019. Englesbe will...

Scandinavians Stunned over Region’s Growing Money Laundering Allegations

Feb 22, 2019 Scandinavians are taking a hard look at their institutions as allegations of systematic money laundering rock the entire region. With Swedbank AB...

Best's Reviews

Axa CEO: Property/Casualty Expansion on Track Despite ‘Abnormal’ Fourth-Quarter Losses

Feb 21, 2019 Even as “abnormal” fourth-quarter catastrophe losses hit its newly acquired commercial lines unit, Axa S.A. is optimistic the...

Bill Updating Florida Surplus Lines Regulation Passes State House Committee

Feb 21, 2019 A bill updating Florida’s regulation of surplus lines insurance has moved through a Florida state house committee. The house Banking and...

AM Best Revises Outlooks to Positive for Somerset Reinsurance Ltd.

Feb 21, 2019 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit...

AM Best Revises Issuer Credit Rating Outlook to Positive for Principal Financial Group, Inc. and Its Subsidiaries

Feb 21, 2019 AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (...

Claims Journal

Website Lists Coaches Banned from U.S. Olympics

Feb 21, 2019 An advocacy group has published a first-of-its-kind comprehensive list of coaches banned from Olympic sports, creating a database of nearly 1,000 people no longer allowed to work in...

Baltimore Sues Monsanto Over PCB Pollution

Feb 21, 2019 Baltimore has filed a lawsuit against the agrochemical giant Monsanto and two other companies, accusing them of polluting city waterways and stormwater. The legal effort focuses on PCBs, the...

New York Gov. Cuomo Proposes Seat Belt Law for Back-Seat Passengers

Feb 21, 2019 New York Gov. Andrew Cuomo is proposing to extend the state’s seat belt law to require all passengers in the back seat to buckle up. Under current law, while...

New York City Wants to Halt Hairstyle Discrimination

Feb 21, 2019 New York City doesn’t want people to have their hairstyles held against them, and it unveiled novel guidelines this week against hairdo discrimination. The new legal guidance...