Industry News

Property Casualty 360

Who's using what in P&C insurance: Feb. 19, 2018

Feb 19, 2018 Insurance technology news from Microsoft, Swiss Re, Hartford InsurTech Hub, TenantCloud, Assurant, Wellthie and more.

Consider business objectives before rushing to innovate

Feb 19, 2018 Has there been too much hype in the insurance industry surrounding emerging technologies?

15 worst states for retirement: 2018

Feb 19, 2018 You and your insurance clients might want to avoid these states when deciding where to retire.

Cyber hacks cost up to $109 billion in 2016, U.S. estimates

Feb 16, 2018 Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday.

Business Insurance

Belgium fines Facebook $300,000 a day for violating privacy laws

Feb 19, 2018 A Brussels court has fined Facebook Inc. €250,000 ($310,000) a day, up to a maximum of €100...

Insurers refuse to provide cargo insurance in Rio de Janeiro

Feb 19, 2018 Brazilian insurers have refused to sell cargo insurance or are charging high prices due to increasing...

Natural disasters hit Allianz's profit

Feb 19, 2018 Germany-based insurer Allianz S.E.'s net profit declined more than 2% year over year to nearly €7 billion ($8.7 billion) in 2017 due to a string...

Hackers steal $6 million from Russian bank

Feb 19, 2018 The Central Bank of Russia said that hackers stole $6 million from a local bank in 2017 using Belgium-based financial messaging service S.W.I....

Best's Reviews

A.M. Best Affirms Credit Ratings of Members of Castle Key Group

Feb 16, 2018 A.M. Best has affirmed the Financial Strength Rating (FSR) of B- (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb-” of the...

Excess Lines Association: Brokers Still Have Questions, but Are Working to Comply With NY Cyber Regulations

Feb 16, 2018 New York insurance companies have reached the first filing deadline to comply with the state’s new...

Navigators CEO: US Rates Strengthen as International Lines Get Corrective Actions

Feb 16, 2018 International property and protection and indemnity lines required corrective actions in an otherwise good 2017 performance for...

Judge Rules Against New England CO-OP in Challenge of Risk Adjustment Formula

Feb 16, 2018 A federal judge has dismissed a legal challenge by Minuteman Health, which alleged the Centers for Medicare and Medicaid Services was...

Insurance Journal

Aspen Ceases Underwriting Property Insurance from Bermuda Platform

Feb 16, 2018 Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately,...

Texas Petro-Chemical Contractor Sued for Disability Discrimination

Feb 16, 2018 A blood disorder led to the unlawful firing of three laborers at a Texas-based petro-chemical contractor, federal officials say. the U.S. Equal Employment...

Detroit Suburb Settles Fatal Police Shooting for $1.25M

Feb 16, 2018 A Detroit suburb agreed to a $1.25 million settlement in a lawsuit filed by the family of a woman who was fatally shot by police near a shopping mall, according to a...

Agency Warns of Possible Hepatitis Exposure at Arkansas Restaurant

Feb 16, 2018 State health officials say people who visited a Taco Bell restaurant in northeast Arkansas may have been exposed to hepatitis A after an employee tested...

Claims Journal

Allianz Raises Dividend, Shrugs Off Hurricane Claims

Feb 16, 2018 A record year for natural disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend....

After 2-Year Spike, 2017 Traffic Deaths Fell Slightly

Feb 16, 2018 Traffic deaths on U.S. roads fell slightly in 2017 after two straight years of big increases, but a leading safety organization that compiled the numbers says it’s no...

Leaping Elk Crashes Low-Flying Research Helicopter in Utah

Feb 16, 2018 An elk leaped into a research helicopter that was trying to capture it and brought down the helicopter in a collision that also killed the elk, authorities said Tuesday. The...

Businesses Rethink Workplace Romance Policies

Feb 16, 2018 It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more...