Industry News

Property Casualty 360

XL Group picks Dublin for its EU insurance carrier location

Sep 21, 2017 In a response to Brexit, XL Group will move its EU insurance company, XL Insurance Company SE, to Ireland.

Top 10 ZIP codes for fire loss

Sep 21, 2017 Depending on where you live, you know there's a chance of extreme weather coming your way. But are you prepared for a fire?

Zurich North America appoints new CEO

Sep 20, 2017 Kathleen Savio will serve as the Zurich North America's next CEO, effective January 1, 2018.

NU, Flaspöhler re-team for comprehensive risk manager survey

Sep 20, 2017 The 2018 Risk Manager Study will provide valuable information on the challenges, needs and demographics of risk managers...

Claims Journal

Prosecutor Says Pharmacist Placed Speed Over Safety Before Outbreak

Sep 21, 2017 A pharmacist accused of making the drugs that caused a deadly nationwide meningitis outbreak showed a “shocking disregard” for human life by failing to...

Southwest Florida Residents Clear Flooded Homes in Scorching Heat

Sep 21, 2017 Dealing with wrecked belongings and reports of toxic muck, residents of a tiny town where Florida’s Everglades meet the Gulf of Mexico cleared their homes...

FEMA Can’t Rely on Trailers for Hurricane Victim Housing

Sep 20, 2017 The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left hundreds of thousands of Gulf...

Iowa Workers’ Comp Rate Reduction Revives Debate

Sep 20, 2017 Iowa’s governor and the organization that sets workers’ compensation rates are disputing whether a new law influenced a recent rate reduction in premiums for employers....

Insurance Journal

Unemployment Is Top Business Risk, Says WEF Survey, Published by Zurich, Marsh

Sep 21, 2017 Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on...

Home in Orange County, Florida Partially Swallowed by Sinkhole

Sep 21, 2017 A Florida home has been partially swallowed up by a massive sinkhole. Orange County Fire Rescue spokeswoman Kat Kennedy says crews responded Tuesday morning,...

States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report

Sep 21, 2017 As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers...

AXA Continues Search for Fund Management Partner

Sep 21, 2017 AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion...

Business Insurance

Ironshore names Bermuda property executives

Sep 20, 2017 Ironshore Inc. said Wednesday that it has name Ian Smith as senior vice president, head of Bermuda property, and...

Data breach lawsuits against Office of Personnel Management dismissed

Sep 20, 2017 A federal judge has dismissed two consolidated lawsuits filed against defendants...

Best's Reviews

Zurich North America CEO to Retire at End of Year

Sep 20, 2017 Mike Foley will retire at the end of the year as chief executive officer of Zurich North America and will be succeeded as CEO by Kathleen Savio, currently...

Castel Launches Benelux M&A Transactions Platform

Sep 20, 2017 Castel Underwriting Agencies Ltd. said it continued the expansion of its portfolio with the launch of Castel Transact, which offers warranty and indemnity...

Industry Experts: Hurricane-Triggered Outages, Flooding, Supply Problems Generating Heavy Business Interruption Losses

Sep 20, 2017 Hurricanes Harvey and Irma triggered extended flooding and power outages, damaged...

A.M. Best Affirms Credit Ratings of Sooner Insurance Company

Sep 20, 2017 A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Sooner Insurance Company (Sooner...