Insurance Roundup, July 18, 2017


Global Risk Insights

  • Sikkim and the Silk Road: Is China making a move on India?

    by Joanna Eva on 2017-07-18 at 12:00The Belt and Road initiative continues to cause tension between India and China, as China builds closer ties with India’s neighbours on all sides. The post Sikkim and the Silk Road: Is China making a move on India? appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Global Risk Insights on 2017-07-17 at 03:25Eyes on China and US data. The ECB and Bank of Japan talk rates. California votes on cap and trade. Investments in Iran safe for now. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Why is the international community not intervening in Venezuela?

    by Luis E. Juvinao Navarro on 2017-07-16 at 12:00External intervention in Venezuela is not on the table and the international community favours an internal solution, regardless of how difficult it may be. The post Why is the international community not intervening in Venezuela? appeared first on Global Risk Insights. […]

  • The Japan-EU Trade Agreement: Pushing back against protectionism

    by Peter Hays on 2017-07-15 at 14:42Japan and the EU have agreed to a trade deal that will eliminate the vast majority of both tariff and non-tariff barriers. The post The Japan-EU Trade Agreement: Pushing back against protectionism appeared first on Global Risk Insights. […]

  • Food security: The Gulf Cooperation Council states in dire straits

    by Constance Hubert on 2017-07-13 at 12:00Heavily reliant on food imports via maritime shipping, the Gulf States are facing an increasing risk: chokepoint risk. The post Food security: The Gulf Cooperation Council states in dire straits appeared first on Global Risk Insights. […]

Claims Journal

  • Minnesota Driver Claims Tesla Autopilot Caused Car Crash

    on 2017-07-18 at 09:29Tesla Inc. shares dropped Monday after a Minnesota man claimed his vehicle suddenly accelerated after he engaged the car’s driver-assistance system and crashed into a marsh. Dave Clark, 58, told police the 2016 vehicle left the roadway after he activated … […]

  • Where There’s Vapor: Electronic Cigarettes and Their Risks

    on 2017-07-18 at 09:25Some may have noticed that many “no smoking” signs now include “no e-cigarettes.” A new trend, e-cigarettes are small devices that often look like conventional cigarettes. But that’s not smoke people are exhaling—it’s vapor. E-cigarettes, also known as […]

  • Farmworker Safety Concerns Raised After Manure Pond Deaths

    on 2017-07-18 at 09:12It was still dark the morning Ruperto Vazquez-Carrera began his shift at Sunrise Organic Dairy in Boise, Idaho. It was mid-February 2016. A winter heat wave had melted snow and ice overnight, flooding part of the rural Jerome County farm. … […]

  • What Value-Based Contracting Means to the Workers’ Comp Industry

    on 2017-07-17 at 17:30Value-based contracting (VBC) widely used in the healthcare system is now a hot topic in the workers’ comp industry, according to a Coventry whitepaper released earlier this year. Though widely discussed among industry stakeholders, a common definition for the practice … […]

  • Jumbo Tanker Debate Continues as Wildfires Rage in West

    on 2017-07-17 at 14:19A giant aircraft that can fly high above oceans on intercontinental flights instead jets in low and slow over a flaming forest, trailing a long plume that settles on the ground and creates a wildfire-stopping barrier. The operators of the … […]

Insurance Journal

  • Massachusetts’ Kaplansky Insurance Hires Wolberg as VP of M&A

    on 2017-07-18 at 12:17Kaplansky Insurance, a Needham, Mass.-based insurance agency, has appointed David Wolberg as vice president of mergers and acquisitions (M&A). Wolberg brings with him experience from the sell-side of mergers and acquisitions. He is licensed to practice law in both Massachusetts … […]

  • Maine’s MEMIC Group Hires Barden

    on 2017-07-18 at 12:12The MEMIC Group, a Portland, Maine-headquartered workers’ compensation specialist, has promoted Kelly Barden to the position of director of corporate communications. In this role, she is responsible for shaping and projecting the corporate image and brand identity and overall reputation … […]

  • Ironshore Taps Berkley Re Property Treaty Execs for Pembroke’s Patria Re Portfolio

    on 2017-07-18 at 12:03Ironshore International’s Pembroke Managing Agency Ltd. has appointed two treaty property leaders to join the Patria Re underwriting team. Nicolas Benardout has been appointed divisional director while Jack Bunting is assistant underwriter for Patria Re’s international property treaty […]

  • Beazley Launches Dublin-Based Insurer to Write Non-Life Insurance in EU

    on 2017-07-18 at 11:46Specialist insurer Beazley has received authorization from the Central Bank of Ireland to convert its established Dublin-based reinsurance company into an insurance company permitted to transact business throughout the European Union. Beazley explained that its strategy to write EU non-life … […]

  • Natural Disaster Claims Drop 40% to $19.5B in 1st Half of 2017: Munich Re

    by L.S. Howard on 2017-07-18 at 10:52Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday. In addition, some $21.5 billion of losses … […]

Asia Insurance Review

Canadian Underwriter

  • Judicial determination on interpretation of property Cat XOL with reinsurers sought

    by Angela Stelmakowich on 2017-07-18 at 12:29Alberta Motor Association Insurance Company is looking to divide the loss arising out of the Fort McMurray wildfire, which exceeded a duration of 168 hours, into six multiple loss occurrences in line with its reading of its property catastrophe excess… The post Judicial determination on […]

  • $11.2-million settlement proposed in Ashley Madison data security breach

    by Canadian Underwriter on 2017-07-17 at 20:49The Toronto-based parent company of the infidelity dating site Ashley Madison says it has reached a US$11.2-million settlement an American class-action lawsuits stemming from a massive security breach two years ago. Ruby Corp., which was previously known as Avid Life… The post $11.2-million […]

  • Easy Does It

    by Greg Meckbach on 2017-07-17 at 20:12Alice Keung, senior vice president and chief transformation officer for Economical Insurance, says a key lesson learned from working in various sectors is the need to focus on the customer perspective. Keung held a number of senior roles, including with… The post Easy Does It appeared first […]

  • Revenues up $17 million for Manitoba Public Insurance

    by Canadian Underwriter on 2017-07-17 at 19:50Manitoba Public Insurance Corporation reported Friday its total earned revenues for the three months ending May 31 increased 3.7% year over year, while bodily injury claims were up $34.5 million year over year. MPI, a crown corporation with a monopoly… The post Revenues up $17 million for […]

  • Extent of damage remains unclear as winds fan B.C. wildfires

    by Canadian Underwriter on 2017-07-17 at 17:48KAMLOOPS, B.C. – Wildfires across British Columbia have torn through several communities, but officials say the number of homes, businesses and other structures lost remains unclear. Hot, windy weather has fanned flames across the province, including near Ashcroft, where a… The post […]

Canadian Insurance Top Broker

Insurance Business Magazine – US


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