Industry News

Insurance Journal

Broker Protean Risk Taps Marsh’s Sargeaunt as Director of Fintech, Payment Services

Aug 17, 2018 Protean Risk, the London-based specialist Lloyd’s broker for asset management, financial services and technology firms, has...

Worker Dies After Falling Into Vat of Oil Near Disney World

Aug 17, 2018 Authorities say a worker has died after falling into a vat of oil at a facility near Walt Disney World. Lt. Emanuel Curry of the Orange County Sheriff’s...

Ex-Alabama Police Officer Sentenced to 10 Years for Insurance Fraud, Theft

Aug 17, 2018 A former police officer in Alabama who pleaded guilty to insurance fraud and burglary has been sentenced to 10 years in prison. The Montgomery...

Insurer Downgrades Jumped in 2017 But Were Still Outnumbered by Upgrades: A.M. Best

Aug 17, 2018 Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the...

Claims Journal

Western States Politicians Focus on Wildfire Risks at Lake Tahoe Summit

Aug 17, 2018 The large and deadly wildfires burning in California post a stark reminder of the risk that fires pose to the Lake Tahoe Basin, Nevada and California...

FEMA Denies Treating Puerto Rico Residents Differently

Aug 17, 2018 The Federal Emergency Management Agency says it didn’t handle housing vouchers for displaced residents of Puerto Rico any differently from those of displaced Texas...

Dog Bite Leads Southwest Air to Limit Emotional Support Animals to Dogs, Cats

Aug 17, 2018 Southwest Airlines Co. will limit customers to only one dog or cat as an emotional support animal, changing its policy after a biting incident on a...

Distracted Drivers Put Lives in Jeopardy and Cost Consumers

Aug 17, 2018 Operating a motor vehicle is an essential part of our daily activities. But anything distracting a driver’s attention—phones, food, friends, or control dials—...

Best's Reviews

A.M. Best Downgrades and Withdraws Credit Ratings of Kanawha Insurance Company

Aug 16, 2018 A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B (Fair) from B...

Prime Insurance Approved to Write Coverage in California

Aug 16, 2018 Prime Insurance Co. has been approved to offer surplus lines coverage in California. “We can offer coverage on all or part of a risk, and this gives...

Panel: Prospect of Federal Rules for Cyber Puts Pressure on Insurers, States

Aug 16, 2018 David Provost, deputy commissioner, Vermont; Sandy Bigglestone, director of captives, Vermont; and Brenda Stewart, senior account...

Randall & Quilter Unveils Three European Managing General Agency Partnerships

Aug 16, 2018 Randall & Quilter Investment Holdings Ltd. said its European subsidiary R&Q Insurance (Malta) Ltd. signed three new...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...