Industry News

Insurance Journal

Oklahoma Securities Agency’s Computer Files Breached, Firm Says

Jan 18, 2019 The Oklahoma agency that protects investors from fraud is investigating whether its data was breached after a cybersecurity research team discovered that a...

Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General

Jan 18, 2019 Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and...

South Carolina Capitol City Bans Electric Scooters

Jan 18, 2019 South Carolina’s capitol city has banned electric scooters for a year while the city studies the operation of companies providing the service. News outlets reported...

Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana

Jan 18, 2019 Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the...

Best's Reviews

Argo Anticipates $44 Million in 4Q Losses, Including $32 Million Related to Hurricane Michael, California Wildfires

Jan 18, 2019 Argo Group International Holdings Ltd. said it is estimating pretax catastrophe losses of $32...

Workers’ Compensation Carrier Normandy Expands to Texas

Jan 18, 2019 Workers’ compensation carrier Normandy Insurance Co. is now offering coverage in Texas, its fourth expansion in two years. It plans to roll out coverage in...

Philippines, Asian Development Bank to Develop Parametric Disaster Insurance Pool

Jan 18, 2019 The Philippines and the Asian Development Bank are co-developing a parametric disaster insurance pooling facility meant to give...

Korea’s Shinhan Group Wins Approval to Acquire Majority Stake in Orange Life

Jan 18, 2019 Shinhan Financial Group has received approval from the Korean Financial Services Commission for its majority acquisition of Orange Life...

Claims Journal

Government Shutdown Stalls Wildfire Preparations

Jan 18, 2019 Just two months after a wildfire wiped out Paradise, California, officials are gearing up for this year’s fire season and fear the government shutdown could make it even more...

PG&E Bankruptcy Could Lead to Price Hikes, Unpaid Wildfire Lawsuits

Jan 18, 2019 Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of...

Business News: Tower MSA Partners, Berkley One, Method Insurance Services

Jan 18, 2019 Tower MSA Partners Launches Quarterly Webinar Series Tower MSA Partners is launching a free, quarterly webinar series to help payers become more...

Kansas Mother Settles Wrongful Death Police Shooting Suit for $2.3M

Jan 18, 2019 The mother of a suburban Kansas City teenager who was fatally shot by police as he backed a minivan out of his family’s garage has reached a $2.3 million...