Insurance Roundup, July 19, 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

  • New Atlantic Storm Shares Name With President

    on 2017-07-19 at 14:30It’s not a tweet storm but a real storm. The newest potentially dangerous swirl of hot air is a tropical storm in the Atlantic named Don. And it’s a total coincidence that the storm bears a common nickname for the … […]

  • Panel Calls on FDA to Review Opioid Safety

    on 2017-07-19 at 09:45The U.S. Food and Drug Administration should review the safety and effectiveness of all opioids, and consider the real-world impacts the powerful painkillers have, not only on patients, but also on families, crime and the demand for heroin. That’s the … […]

  • Risky Business: Catching Commercial Use Fraud Before it Hits Your Books

    on 2017-07-19 at 09:11One definitive method can show misrepresented commercial use well before a claim ever arises. Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is … […]

  • Missouri to Become Last State to Create Drug-Monitoring Plan

    on 2017-07-19 at 09:06Missouri became the final state to create a prescription drug-monitoring program after Republican Gov. Eric Greitens signed an executive order Monday aimed at combating a scourge that killed more than 900 residents last year. The monitoring program could be operating … […]

  • Struggle to Recoup Costs Related to Fighting Utah Wildfires

    on 2017-07-19 at 09:03Many of the state’s wildfires over the last two years have been sparked by people, but recouping firefighting costs that can run into the millions of dollars isn’t easy, according to Utah fire officials. The U.S. Forest Service has only … […]

Insurance Journal

  • 3 Coastal California Communities Sue Oil Companies over Sea-Rise

    by Don Jergler on 2017-07-19 at 14:47Three ocean-front California local governments are taking legal action against oil companies, saying oil giants have known for almost 50 years that fossil fuels are changing the climate and causing sea rise. Northern California’s Marin and San Mateo counties and the city … […]

  • California Wildfire Threatens 1,500 Homes

    by Don Jergler on 2017-07-19 at 14:44A California blaze in the rugged mountains outside of Yosemite National Park has destroyed eight structures and forced thousands of nearby residents to flee their homes. As of Tuesday evening, the fire had scorched 39 square miles, according to the … […]

  • Ron Lockton Succeeds Spencer as CEO, President at Lockton Inc.

    on 2017-07-19 at 13:50Ron Lockton, who has served as global insurance broker Lockton Inc.’s vice chairman for the past two years as part of the succession plan, is expanding his role to become president and chief executive officer of the firm.  He succeeds Glenn Spencer, … […]

  • London MGA Nexus Acquires U.S.-Based Treaty MGA from ZON Re

    on 2017-07-19 at 13:16Specialty insurance managing general agent Nexus Group said it has acquired the assets of Personal Accident Treaty Reinsurance MGA operated by ZON Re, a U.S. based treaty reinsurance managing underwriter and Lloyd’s coverholder. The New Jersey-based ZON Re PA Treaty … […]

  • New York Capital City Fire Damages Homes, Residents Flee

    on 2017-07-19 at 13:09A fire in New York’s capital city heavily damaged five 19th century buildings and forced more than a dozen people from their homes, officials said Tuesday. Albany fire officials said the blaze started around 9 p.m. Monday in a block … […]

Asia Insurance Review

  • Global: Insurers told to be open to stay in business – GIF 2017

    on 2017-07-19 at 22:52Insurers have to be agile and ready to co-create with those from outside the industry as part of the new digital-led insurance ecosystem, said speakers at yesterday’s panel on developed market dynamics at the Global Insurance Forum, held in London. […]

  • Philippines: Govt social fund plans to work with private insurers

    on 2017-07-19 at 22:52The government-run Social Security System (SSS) is considering tapping private insurance companies to insure some of its risks and liabilities, in order to address risks brought about by growing expenditure, according to its President and CEO, Mr Emmanuel Dooc. […]

  • India: General insurers upbeat about 20+% premium growth in FY2018

    on 2017-07-19 at 22:52The Indian general insurance industry is optimistic that it can sustain its high growth momentum for the rest of this financial year ending March 2018 (FY2018), after posting a 21.95% growth in gross direct premium underwritten in the April-June quarter. […]

  • Australia: Pressing need for reform now to cut healthcare costs

    on 2017-07-19 at 22:52The health insurance industry must work with the government to reduce healthcare costs, which would result in lower premiums, Mr Craig Drummond, Chief Executive of Medibank, which is Australia’s largest health insurance provider, has urged. […]

  • Indonesia: US giant debuts in life mart with prominent partner

    on 2017-07-19 at 22:52US-headquartered Prudential Financial (PFI) is entering the Indonesian life market for the first time through a joint venture with prominent local group CT Corp. […]

Canadian Underwriter

Canadian Insurance Top Broker

Insurance Business Magazine – US


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