Industry News

Property Casualty 360

Insurer strategies in 2018: The new balancing act

Feb 21, 2018 This year — 2018 — is likely to be an exciting one for the insurance industry as the transformation continues.

9 ways to turn social situations into business relationships

Feb 21, 2018 Here are some suggestions to help you do everything (or at least most things) right when looking to transform social situations...

2017 natural disasters mean insurance rate increases in 2018

Feb 20, 2018 While insurance industry surplus reached an all-time high in mid-2017, exceeding $700 billion, last year’s catastrophic events’...

The role of automation in data security

Feb 20, 2018 As compliance requirements multiply and become more fragmented, it's increasingly difficult to maintain uniformity in all 51 states.

Claims Journal

Washington Court Rules on Discoverability of Insurer’s Claim File by Third Parties

Feb 21, 2018 In 2013 the Washington Supreme Court found that an insurance company’s claim file was presumptively not privileged in disputes between...

Can Female-led Companies Curtail Sexual Misconduct?

Feb 21, 2018 The Weinstein Co. thought it had found a path to survival. A group of investors led by a respected businesswoman offered to acquire the company, rebrand it and install a female...

Nebraska City Sees Fewer Traffic Crashes Last Year Than in 2000

Feb 21, 2018 There were slightly fewer crashes in Lincoln, Neb., last year than in 2000 despite a nearly 25 percent growth in the city’s population during that time, which...

WCRI: Formulary May Cut Prescription Drug Costs for Louisiana State Employees

Feb 21, 2018 A new FlashReport from the Workers Compensation Research Institute (WCRI) finds that a Texas-like formulary for Louisiana state employees may...

Insurance Journal

SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report

Feb 21, 2018 Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove...

India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack

Feb 21, 2018 Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved...

Government Servers in Savannah, Georgia Hit by Malware Attack

Feb 21, 2018 Officials in Savannah, Ga., are taking extra precautions to protect employees’ email accounts and government computer servers as Savannah City Hall recovers...

Artificial Intelligence Raises Real Risks from Malicious Hackers, Rogue States

Feb 21, 2018 Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking...

Best's Reviews

BMS Appoints Executives for New Energy Operation

Feb 20, 2018 Insurance broker BMS Group Ltd. said it appointed three experts to a newly formed energy division. The brokers will join the new division, led by Ian Gormley,...

New MarketScout MGA Targets Allied Health Care, Social Services Markets

Feb 20, 2018 Lloyd’s coverholder and U.S. insurance distributor and underwriter MarketScout has launched a managing general agent focused on allied...

State Auto Personal Lines SVP: Bodily Injury Rates Rise 23.2% With More Expected

Feb 20, 2018 State Auto Financial Corp. continues to seek significant bodily injury rate increases in personal automobile as loss cost trends...

Hartford to Acquire Small Commercial Renewal Rights From Farmers Insurance Affiliate

Feb 20, 2018 Hartford Financial Services Group Inc. said it entered into a renewal rights agreement with the Farmers Exchanges to acquire...

Business Insurance

Vehicle-related comp claims rising in last decade

Feb 20, 2018 Vehicle-related workers compensation claims have been rising annually in claims count and in percent of...

Damaged cargo dispute remanded to lower court

Feb 20, 2018 A lower court is going to have to decide after further investigation how much of the $918,000 claim...

Everest Re announces hires for new private nonprofit

Feb 20, 2018 Everest Re Group Ltd. said Tuesday it had formed a private, nonprofit unit as part of the...