Industry News

Business Insurance

Medical advances improve injury survival but increase costs

May 23, 2018 Loss of limbs and major burns that used to kill people in workplace incidents are doing so less and less...

Skepticism abounds on proposed OSHA rules under Trump administration

May 23, 2018 Potential standards to prevent workplace violence in the health care sector and improve...

Best's Reviews

Mitsui Sumitomo Acquires Commonwealth Bank’s Stake in BoCommLife for 4.3 Billion Yuan

May 23, 2018 Mitsui Sumitomo Insurance Co. Ltd. has agreed to acquire a 37.5% stake in BoCommLife Insurance Co. Ltd. from Commonwealth Bank...

ICMIF: Philippines Microinsurance to Reach at Least 73 Million Filipinos by 2020

May 23, 2018 Microinsurance coverage in the Philippines is expected to reach around 16.3 million households or 73.3 million Filipinos by 2020,...

Best’s Special Report: U.S. Life/Annuity Industry Posts 7.4% Decline in Pre-Tax Operating Earnings in 2017

May 23, 2018 The U.S. life/annuity industry recorded full-year statutory pre-tax net operating gains of $62.0 billion...

Best’s Briefing: GDPR: The Issues for European Insurers at Implementation

May 23, 2018 Operational and legal complexities, as well as preparing for the tight reporting window for breach notification, are the main challenges...

Insurance Journal

U.S. Safety Board Urges Seat Belts, Automatic Brakes on School Buses

May 23, 2018 The National Transportation Safety Board on Tuesday recommended for the first time that all new school buses in the U.S. be equipped with lap and shoulder...

Aon’s Carver Joins Guy Carpenter’s UK Non-Marine Team as Managing Director

May 23, 2018 Reinsurance broker Guy Carpenter & Co. announced the appointment of Richard Carver as managing director and senior broker in the firm’s...

Inquiry Into London’s Grenfell Tower Fire Underway with Tributes to Victims

May 23, 2018 Survivors of a devastating high-rise fire in London wept Monday as relatives paid tribute to some of the 72 victims at the opening of an inquiry...

Consumer Groups Accuse Tesla of Deceptive Marketing of Autopilot

May 23, 2018 A pair of consumer advocacy groups want the U.S. Federal Trade Commission to investigate Tesla Inc., charging that the company’s advertising and other...

Claims Journal

Safety Agency Recommends Seat Belts, Automatic Brakes on School Buses

May 23, 2018 The National Transportation Safety Board on Tuesday recommended for the first time that all new school buses in the U.S. be equipped with lap and shoulder...

Nebraska Storm Chaser Follows His Dream

May 23, 2018 Photographer Ryan McGinnis admits he made a serious mistake May 29, 2008, by underestimating the risk while chasing a storm that spawned several Kearney, Neb., tornadoes. He wanted to get...

European Data Privacy – What’s Changing Under New Data Privacy Rules

May 23, 2018 Europe’s new data and privacy rules take effect this Friday, clarifying individual rights to the personal data collected by companies around the...

New Analysis Compares 22 Named Storms With Their Future Selves

May 23, 2018 Scientists have published a detailed analysis of how 22 recent hurricanes would change if they instead formed near the end of this century. While each storm’s...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.