Industry News

Best's Reviews

Best’s Market Segment Report: U.S. Personal Auto Showing Signs of Improvement

Jan 18, 2018 The underwriting profitability of the U.S. personal auto line showed signs of improvement in 2017 as carriers’ aggressive rate actions...

Progressive to End Drop-Off/Pick-Up Points for Customer Vehicles

Jan 17, 2018 Progressive Corp. said it will stop using 68 service centers as drop-off/pick-up points for customers’ vehicles, making most of them claims offices...

Geico Could Hire 700 at New Regional Corporate Offices in Tucson

Jan 17, 2018 Geico said it will move its Tucson regional corporate offices into a new site with space for 700 more employees. Construction on the 200,000-...

State Farm Closing Two Claims Centers in Washington State

Jan 17, 2018 State Farm plans to close two primarily claims centers in Tacoma, Washington, by year-end, and said it will relocate about 600 of 1,400 employees to...

Insurance Journal

U.S. Judge Excludes 70,000 Women from Sterling Jewelers Sex Bias Lawsuit

Jan 18, 2018 A U.S. judge on Tuesday overturned an arbitrator’s ruling allowing about 70,000 women to take part in a nationwide sex discrimination case against...

Insurance Agency M&As Soared 31% in 2017: OPTIS

Jan 18, 2018 Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals...

Industry Needs to Join Insurtech Wave to Digitize Insurance: AFL’s Esser

Jan 18, 2018 There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of...

West Virginia College Ordered to Pay $250K in Discrimination Suit

Jan 18, 2018 A judge has entered a $250,000 judgment against West Virginia Wesleyan College in a discrimination lawsuit. The Exponent Telegram reports a circuit judge in...

Property Casualty 360

When must an insured get its own lawyer?

Jan 18, 2018 An insured may think its entitled to separate counsel, but the carrier may disagree. Who wins?

Vehicle crashes and opioid overdoses drive accidental injury to No. 3 cause of death

Jan 18, 2018 The final 2016 data shows a 14% increase in roadway deaths since 2014 — the largest two-year jump in 53...

How to help employers address opioid addiction in the workplace

Jan 18, 2018 Your clients may not know the best approach for supporting employees who are dealing with opioid addiction.

This insurance agency sees benefits in its legacy technology

Jan 18, 2018 Here's how one independent insurance agency relies on experienced agents and legacy technology updates to give InsurTechs a run...

Business Insurance

Lloyd's syndicates in talks to enter India

Jan 18, 2018 Shankar Garigiparthy, chief executive at the India branch of Lloyd's of London, said that up to four Lloyd's syndicates are in talks to...

South Africa files criminal charges against KPMG, SAP, McKinsey

Jan 18, 2018 South Africa regulators have filed criminal charges against the local units of U.S.-based...

Fines for breaking data protection, anti-spam rules rise 58%

Jan 18, 2018 Fines issued by the Information Commissioners' Office on companies for breach of data protection and anti-...

Brazilian reinsurer renews private cat bond

Jan 18, 2018 Brazil-based reinsurer Terra Brasis Resseguros S.A. has renewed its private catastrophe bond Alpha Terra Validus II for this year in a $5...

Claims Journal

Major U.S. Firms Unprepared for 2017 Hurricanes

Jan 18, 2018 For senior financial executives at large U.S.-based companies with operations in Texas, Florida or Puerto Rico, last year’s hurricane season brought not only catastrophe to...

NCCI: Healthcare Costs, Uncertainty Top 2018 Challenges for Workers’ Comp

Jan 18, 2018 For the fourth year in a row, carrier executives identified the U.S healthcare environment as their top concern for 2018, according to a just released...

Insured Must Obtain Settlement Consent Where Policies Require it

Jan 18, 2018 Where insurance policies require written consent from the insurer to enter into any settlement agreement, it is important to remember to ask, “May I?...

California Gov. Proposes Stronger Laws for Wildfire Victims

Jan 18, 2018 California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills (six of which have already been...