Industry News

Best's Reviews

A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Company’s Forthcoming Surplus Notes

Oct 23, 2017 A.M. Best has assigned a Long-Term Issue Credit Rating of “a” to the $750 million 4.30% surplus notes due 2067...

Qatar Insurance Cites Catastrophes, UK Ogden Rate as Nine-Month Profit Falls

Oct 23, 2017 Catastrophe losses and soft market conditions weighed on results for Qatar Insurance Co., as the insurer reported a sharp fall in nine-...

A.M. Best Comments on Credit Ratings of The Hartford Financial Services Group Following Announced Transaction with Aetna

Oct 23, 2017 A.M. Best has commented that the Credit Ratings (ratings) of The Hartford Financial...

Donegal Mutual CEO Takes Temporary Medical Leave

Oct 23, 2017 Donegal Mutual Insurance Co. Chief Executive Officer Donald H. Nikolaus has taken a temporary medical leave. Kevin Burke, president and CEO of Donegal Group, is...

Business Insurance

Lloyd’s lowers hurricane loss estimates

Oct 23, 2017 Lloyd’s of London said it has paid some $900 million in claims thus far for hurricanes Harvey, Irma and Maria, as the insurer also lowered...

Late notice shields Nautilus Insurance from shooting victim’s suit

Oct 23, 2017 A nightclub waitress who was shot when armed gunmen entered her workplace cannot recover...

Ryan Specialty to acquire Houston wholesale broker

Oct 23, 2017 Ryan Specialty Group has reached a definitive agreement to acquire Houston-based wholesale insurance...

Cue angry face: Apple sued over animoji

Oct 23, 2017 Apple Inc. is facing a lawsuit over the face-recognition, expression animoji feature set to be introduced in with the iPhone X later this fall.

Property Casualty 360

Who’s using what in P&C insurance: Oct. 23, 2017

Oct 23, 2017 Technology news from Betterview, AXIS Insurance, Duck Creek, 3rd Eye, Gorilla Safety, Gridiron Insurance Underwriters, Snapsheet and more...

General Motors agrees to $120M ignition switch settlement with states

Oct 23, 2017 The states claimed GM employees knew as early as 2004 that the ignition switch could be a safety risk. But recalls were...

The Hartford, Aetna deal designed to enhance tech-driven differentiation

Oct 23, 2017 The Hartford has entered into a definitive agreement to acquire Aetna’s U.S. group life and disability business for...

Insurance agency M&A on record-setting pace in 2017, OPTIS Partners reports

Oct 23, 2017 Insurance agency mergers and acquisitions continue at a fast pace in the third quarter.

Insurance Journal

Judge Orders Georgia Vidalia Onion Farmer to Pay $1.4M in Overtime Suit

Oct 23, 2017 One of the largest producers of Georgia’s famous Vidalia onions must pay $1.4 million in damages and unpaid overtime owed to hundreds of workers, a...

2 Missing After Barge Fire Off Texas Coast

Oct 23, 2017 The U.S. Coast Guard searched for two missing crew members on Saturday from a crude oil-bearing barge that caught fire off the Texas coast. Coast Guard spokeswoman Jennae...

3 Arrested For Stealing $13K in Equipment From West Virginia Coal Company

Oct 23, 2017 Authorities have arrested three people after a burglary at a southern West Virginia coal company. Wyoming County Sheriff’s Chief Deputy Jimmy...

CNA Appoints Wilson Senior VP, Underwriting Services

Oct 23, 2017 Chicago-based insurer CNA has named Katie Wilson as senior vice president, underwriting services, within the company’s Commercial unit. In this role, Wilson is...

Claims Journal

Officials in Oregon Warn of Increased Deer Collision Risk

Oct 23, 2017 Migrating deer populations in Oregon are at an increased risk of being killed this time of year as the animals move from mountainous areas to lower elevations for the winter...

Judge Tosses $417M Jury Award Against Johnson & Johnson

Oct 23, 2017 A judge on Friday tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson talc-based baby powder for...

Settlement Reached in Oklahoma Earthquake Injury Lawsuit

Oct 23, 2017 A settlement has been reached between two Oklahoma oil and natural gas companies and a woman injured in a 2011 earthquake. Prague resident Sandra Ladra filed the...

Missouri Man Sues After Workplace Accident Leads to Amputation

Oct 23, 2017 A northwest Missouri man has filed a civil lawsuit for a workplace accident that resulted in the loss of his lower arms. The News-Press Now reports that Brent Sherman...