Industry News

Insurance Journal

Nearly $2M Spent Fight Over Proposed Arkansas Lawsuit Damage Limits

Oct 19, 2018 Supporters and opponents of a proposal to limit the damages awarded in civil lawsuits in Arkansas report spending nearly $2 million combined last month...

Appalachian Underwriters Adds St. Clair as Garage Underwriter for Midwest

Oct 19, 2018 Appalachian Underwriters Inc. has hired Joanna St. Clair as a garage underwriter. She will be working remotely in the Austin, Texas, area, primarily...

Louisiana Company Recalling 15 Tons of Packaged Restaurant Fare

Oct 19, 2018 A Louisiana company is recalling 15 tons of packaged ready-to-eat chicken and pork products produced since January 2017 for five restaurants or chains in...

Time to Upgrade Airline Black Boxes, Says Safety Board

Oct 19, 2018 The ubiquitous black boxes on airliners — designed to capture the sometimes gruesome words and sounds leading up to crashes — need an upgrade, U.S. accident...

Best's Reviews

AIG Estimates Third-Quarter Catastrophe Losses at Up to $1.7 Billion

Oct 18, 2018 American International Group Inc. said it expects to report third-quarter 2018 pretax catastrophe losses, net of reinsurance, of about $1.5...

A.M. Best Comments on Credit Ratings of Massachusetts Mutual Life Insurance Co. Following Sale of OppenheimerFunds To Invesco

Oct 18, 2018 A.M. Best has commented that the Credit Ratings (ratings) of Massachusetts Mutual Life...

Connecticut Insurance Commissioner Approves $69 Billion CVS-Aetna Merger

Oct 18, 2018 Connecticut Insurance Commissioner Katharine Wade has given her approval to the proposed $69 billion merger of CVS Health and Aetna Inc....

Prudential SIFI Rescission Marks End of Era for Federal Regulators, Observers Say

Oct 18, 2018 The removal of the systemically important financial institution designation on Prudential Financial Inc. represents the end of an...

Claims Journal

Latest Beef Recall Highlights Growing Magnitude of Foodborne Illnesses

Oct 18, 2018 The impact of Arizona beef distributor JBS Tolleson’s recent recall of nearly 7 million pounds of ground beef sold nationwide has yet to be determined...

Great Shakeout Earthquake Drill Happens Today

Oct 18, 2018 Since all 50 states and the District of Columbia face some earthquake risk, the Great Shakeout Earthquake Drill on October 18, 2018 at 10:18 a.m. is a good time to ensure home and...

Study: Tornadoes Shifting Path Towards East Coast

Oct 18, 2018 Over the past few decades tornadoes have been shifting – decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a...

Business News: NICB/Shift Technology, Pie Insurance, Willis Towers Watson

Oct 18, 2018 Shift Technology and NICB Partner to Offer Insurers an Edge in Detecting, Combating Fraud Shift Technology, a solution provider with a focus on enabling...

Business Insurance

Understanding Both Sides of 3-D Printing

Jul 01, 2018 From product liability to cyber liability, 3-D printing brings new possibilities for costly claims. Understand the new risks and know how to...