Industry News

Insurance Journal

Kurata Named Hawaii’s Captive Insurance Administrator

Oct 16, 2018 Hawaii Insurance Commissioner Gordon Ito has appointed Andrew Kurata deputy commissioner and captive insurance administrator for the department of commerce and consumer...

Lead-Paint Makers Rejected by Top Court in $400M Case in California

Oct 16, 2018 The U.S. Supreme Court rejected appeals from Sherwin-Williams Co. and Conagra Brands Inc., leaving intact a ruling that requires them to pay more than $400...

Oregon Study Shows California Workers’ Comp Rates Falling, but Still High

Oct 16, 2018 Workers’ compensation premium rates fell considerably nationwide, while California continued to see among the worst rates in the nation, according to...

Hub Acquires Oklahoma Retirement Plan Consulting, Financial Services Firm

Oct 16, 2018 Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Chicago-based global insurance brokerage Hub International...

Best's Reviews

New York DFS Orders Insurers to Pay $5.8 in Restitution for Overcharging Policyholders

Oct 16, 2018 The New York Department of Financial Services has reached consent orders with the Selective Insurance Co. and the Sentinel...

Worldwide Facilities Restructures, Reflecting MGA and Programs Growth

Oct 16, 2018 Worldwide Facilities is restructuring its business to create three divisions that reflect its increased focus on managing general agent and...

Zurich North America Commercial Insurance Appoints Head of Casualty

Oct 16, 2018 Valerie Butt has been named head of casualty for Zurich North America Commercial Insurance. Butt will lead the casualty business with...

A.M. Best Affirms Credit Ratings of IDS Property Casualty Insurance Company and Its Subsidiary

Oct 16, 2018 A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+”...

Claims Journal

Working Though Allocation Issues When Multiple Storms Happen

Oct 16, 2018 A nuanced approach is necessary to work through claims involving multiple perils, according to Bob O’Brien, managing director of Marsh’s National Property...

Los Angeles Highway Crash Leaves 25 Hospitalized, 5 Serious

Oct 16, 2018 Twenty-five people were taken to hospitals with mostly minor injuries following a series of crashes involving at least two cars and a bus that crashed through a concrete...

Senate Will Probe Pipeline Massachusetts Blasts Tied to Utility Work

Oct 16, 2018 A Senate oversight panel next month will convene a hearing to probe the series of explosions in September that rocked several towns north of Boston, an incident...

California Train Agency Fined $650,000 for Worker Deaths

Oct 16, 2018 Regulators fined the San Francisco Bay Area’s transit agency $650,000 on Thursday for safety failures that led a commuter train to strike and kill two workers inspecting...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...