Industry News

Insurance Journal

Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030

Oct 20, 2017 As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From...

Fighting Drivers of Commercial Auto Frequency, Severity With Technology

Oct 20, 2017 Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to...

U.S. Consumer Bureau Offers Rules for Financial Data Collection

Oct 20, 2017 The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services and products....

Congress Questions Youth Football League on Safety

Oct 20, 2017 After hearing from brain trauma researchers who said playing football at a young age is unsafe even for kids who don’t suffer obvious injuries, members of Congress this...

Property Casualty 360

The underwriter: your insurance team's secret weapon

Oct 20, 2017 In many ways, your success in insurance depends on the expertise of your underwriter. But how do you know if you've got the right...

3 ways data science is changing commercial underwriting

Oct 19, 2017 One of the great ironies of the insurance industry is that it was among the first to embrace analytics but has become known for its...

Top California regulator: We may never know if PG&E caused fires

Oct 19, 2017 California’s chief utility regulator said the state may never determine whether PG&E Corp.’s electrical equipment...

Printing in 3D: Who's liable for product failures?

Oct 19, 2017 New printing technology is creating unique claims for insurers.

Business Insurance

Off-duty California deputies who responded to Vegas shooting file comp claims

Oct 19, 2017 Four off-duty sheriff deputies from California have filed workers compensation...

Dismissal of former Marsh USA employee’s claims against AIG unit upheld

Oct 19, 2017 A federal appeals court has upheld dismissal of breach of contract and bad faith claims...

Hamilton Insurance names Munich Re exec Pina Albo as CEO

Oct 19, 2017 Longtime Munich Re executive Pina Albo has been named CEO of Hamilton Insurance, taking on the position formerly...

Best's Reviews

Lumbermens CEO: Storm Rebuilding Good for Wood Business, Its Insurers

Oct 19, 2017 John Smith, president and chief executive officer, Pennsylvania Lumbermens Mutual and Indiana Lumbermens Mutual, said the risks of the wood...

NICB: Number of Vehicles Damaged or Destroyed by Hurricane Harvey Exceeds Sandy or Katrina

Oct 19, 2017 Hurricane Harvey destroyed more than 422,000 insured vehicles, according to the National Insurance Crime Bureau. The...

Hamilton Chooses Longtime Munich Re Executive as Next CEO

Oct 19, 2017 Hamilton Insurance Group has chosen Munich Re executive Pina Albo as chief executive officer, effective Feb. 1. She will succeed interim CEO David Brown,...

Munich Re Innovation Exec: Few Insurtechs Angling to Become Full-Fledged Insurers

Oct 19, 2017 Bob Mozeika, innovation executive, Munich Re, said most insurance-focused tech startups are developing products and services that...

Claims Journal

Focus on PG&E as California Wildfire Victims Sue

Oct 19, 2017 Northern California homeowners allege in a lawsuit filed Tuesday that Pacific Gas & Electric Co. failed to adequately protect its power lines before the region’s deadly...

Business News: Progressive, Hiscox, Berkley Aspire

Oct 19, 2017 Progressive Announces New Flo Chatbot Progressive Insurance announced a new Flo Chatbot experience on Facebook Messenger. The tool, enhanced by artificial intelligence and...

Autonomous Cars Would Ease Traffic, Increase Sprawl

Oct 19, 2017 A new study inspired by Boston’s early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and...

Smartphones Are Killing Americans, But Nobody’s Counting

Oct 19, 2017 Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008,...