Global Risk Insights
- The evolving terrorist threat to China’s Central Asia projects
by Federica Reccia on 2018-01-22 at 18:07With its infrastructure projects and business investments, China’s Silk Road Economic Belt (SREB) initiative has the potential to transform Central Asia. But Chinese plans will face rising terrorism and extremism risks in the region. The post The evolving terrorist threat to China’s […]
- Special Report: Latin America’s key elections
by Global Risk Insights on 2018-01-22 at 08:01Latin America is undergoing powerful political changes that will pose challenges to stability in the region. A series of elections in key countries make 2018 a crucial year. The post Special Report: Latin America’s key elections appeared first on Global Risk Insights. […]
- The Week Ahead: 21 – 27 January 2018
by Brian Daigle on 2018-01-22 at 03:16Meeting in Davos to unite several world leaders and financial experts. Cape Town restricts water use. Secretary Tillerson travels to EU to discuss Iran. The post The Week Ahead: 21 – 27 January 2018 appeared first on Global Risk Insights. […]
- No end in sight for conflict in Eastern Ukraine
by Yaroslav Makarov on 2018-01-19 at 13:28As armed conflict continues in Eastern Ukraine amid failed attempts at ceasefires, should we expect new flare-ups in the Donbass region in 2018? The post No end in sight for conflict in Eastern Ukraine appeared first on Global Risk Insights. […]
- Ukraine faces a heightened risk of instability in 2018
by James Celer on 2018-01-18 at 18:52High levels of corruption, poor governance and the ongoing conflict in the east generate a heightened risk of instability in Ukraine The post Ukraine faces a heightened risk of instability in 2018 appeared first on Global Risk Insights. […]
Claims Journal
- Freezing Temps Break Water Pipes Across Texas
on 2018-01-23 at 10:34Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across the state of Texas. With temperatures now warming above the freezing mark, homeowners are discovering water leaks and rushing to call plumbers for […]
- Avalanche Risk at Highest Level, Top Ski Resorts in Europe Cut Off
by Dylan Griffiths and Boris Groendahl on 2018-01-23 at 10:31Some of Europe’s top ski resorts, including Zermatt in Switzerland and St. Anton in Austria, are cut off as the avalanche danger was raised to the highest level across large swathes of the Alps. “The last time the risk was […]
- Business News: JLT Specialty USA, Betterview, The Institutes, CapSpecialty
on 2018-01-23 at 10:18JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has chosen Chicago as its U.S. headquarters. The Chicago office is located at 225 West Wacker on the […]
- Under New Law Maine Sees Fewer Opioid Prescriptions
by MARINA VILLENEUVE on 2018-01-23 at 10:12A report released this month shows doctors in Maine are writing fewer opioid painkiller prescriptions in a state that rolled out one of the nation’s toughest prescription monitoring laws. A Maine Bureau of Insurance report of insurance carriers finds that […]
- South Carolina School District Sues Broker, Insurers
on 2018-01-23 at 10:08A South Carolina school district has sued an insurance brokerage and several insurance companies, saying the district was sold excessive policies and charged too much. The Berkeley County School District filed suit in U.S. District Court, seeking more than $42 […]
- Earth Keeps on Warming Without El Nino
by SETH BORENSTEIN on 2018-01-23 at 09:52Earth last year wasn’t quite as hot as 2016’s record-shattering mark, but it ranked second or third, depending on who was counting. Either way, scientists say it showed a clear signal of man-made global warming because it was the hottest […]
- International Opioid ‘Pill Mill’ Busted
on 2018-01-23 at 09:00Two people in Italy and five U.S. residents have been charged in a fraud and drug trafficking conspiracy to distribute opioids in Florida and Tennessee, leading to hundreds of deaths, federal prosecutors said Friday. The indictments were unsealed by federal […]
Insurance Journal
- AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
by Katherine Chiglinsky, Sonali Basak and Dinesh Nair on 2018-01-23 at 06:00American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings […]
- If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public
by Andrew G. Simpson on 2018-01-23 at 06:00Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International Group (AIG) and other insurers with a new concept. “I’m working with this company and this is what they’re going […]
- Report: West Virginia Controlled Substance Dispensing Down 11.7% in 2017
on 2018-01-23 at 05:56A West Virginia board report says state pharmacies dispensed 31 million fewer controlled substances last year, a trend the board’s acting chief says is due to heightened awareness about prescription medication overdose deaths. The Charleston Gazette-Mail reports the decline was […]
- Good2Go Auto Insurance to Offer Distracted Driving App Through LifeSaver
on 2018-01-23 at 05:45Good2Go Auto Insurance, Inc., has partnered with mobile software provider LifeSaver to fight distracted driving. Good2Go Auto Insurance’s direct policyholders now have access to the The LiveSaver mobile app to help ignore the urge to use their phones while driving. […]
- Alabama-Based ProAssurance Promotes Rand to Chief Operating Officer
on 2018-01-23 at 05:21ProAssurance Corporation, based in Birmingham, Ala., has promoted Edward L. “Ned” Rand, Jr. to chief operating officer. In this newly created position, Rand will be responsible for the day-to-day operations of ProAssurance, reporting directly to Stan Starnes, chairman and chief […]
- Regions Insurance Taps Breedlove to Lead Property & Casualty Operations from Georgia
on 2018-01-23 at 05:15Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property & casualty strategy across the country through a growing network of offices […]
- Employees Missing After Oklahoma Drilling Rig Fire
by Liz Hampton on 2018-01-23 at 00:43Drilling contractor Patterson-UTI said some of its employees were missing on Monday after a fire at one of its drilling rigs in Pittsburg County, Oklahoma. The company said it had activated its emergency response systems and was cooperating with first […]
Asia Insurance Review
- New Zealand: Nat CAT to cost economy more than US$1 bln a year
on 2018-01-23 at 19:22New Zealand can expect to face, on average, annual costs of NZ$1.6 billion (US$1.17 billion) or just under 1% of its GDP, from natural disasters, based on data going back to 1900, according to the chief executive of the Insurance Council of New Zealand, Mr Tim Grafton. […]
- China: Universal life funds fall by half at end-2017
on 2018-01-23 at 19:22China’s universal life insurance fund assets dropped by 50.3% to CNY636.3 billion (US$99.4 billion) at the end of 2017 from a year earlier, reported Reuters citing the insurance regulator. […]
- Global: AIG acquires Validus for US$5.56 bln in mega cash deal
on 2018-01-23 at 19:22Leading global insurer American International Group (AIG) yesterday announced it has entered into a definitive agreement to acquire all outstanding common shares of Validus Holdings, a leading provider of reinsurance, primary insurance, and asset management services. […]
- India: Uninsured two-wheelers to cost millions in lost premiums
on 2018-01-23 at 19:22Premiums lost in compulsory motor third party liability (MTPL) business from uninsured two-wheelers is forecast to rise to INR520 billion (US$8.2 billion) in the fiscal year ending 31 March 2025 from INR56.41 million in FY2016, if the uninsured rate of 75% continued in the segment, according to the […]
- World: Global InsurTech Alliance established
on 2018-01-23 at 19:22InsurTech Asia Association (IAA) has co-founded the Global InsurTech Alliance (GITA) with other pioneering members, to boost collaboration across InsurTech ecosystems and align the activities of each individual country members to maximise the impact. […]
Canadian Underwriter
- DAS Canada Launches Final Video in “What’s Your Story?”
by Cathy Donaghy on 2018-01-23 at 10:45Toronto, Jan. 23, 2018 /insPress/ – What can Legal Expense Insurance do for you? Legal Expense Insurance (LEI) helps small business owners all over Canada with their legal issues, empowering them to defend or pursue their legal rights and get… The post DAS Canada Launches Final Video […]
- Nova Scotia court dismisses auto liability case — after an 18-year delay
by David Gambrill on 2018-01-22 at 21:08Would you be prepared to wait almost two decades to defend your insured policyholder in an uncomplicated auto liability case? One insurer stuck it out for 18 years until finally, on Jan. 19, 2018, the Supreme Court of Nova Scotia… The post Nova Scotia court dismisses auto liability case […]
- Are you ready for IFRS 17? Learn how to prepare for this transformational change.
by Baxter Hall on 2018-01-22 at 20:24IFRS 17, Insurance Contracts was published in May 2017 and is the most significant change to financial reporting for insurance companies in Canada in decades, not only in the measurement of insurance assets and liabilities, but in how insurance contracts… […]
- A bachelor’s guide to the right M&A fit
by David Gambrill on 2018-01-22 at 19:04Although brokers contemplating a merger and acquisition may be focused on the financial mechanics of the deal, they should remain mindful about the cultural fit between the merged brokerages, as well as the right strategic fit between the merged entity… The post A bachelor’s guide to […]
- Government insurer sees drunk driving offences plunge
by Jason Contant on 2018-01-22 at 18:39December 2017 saw the lowest number of impaired driving offences reported that month in the four years since Saskatchewan Government Insurance (SGI) began doing its monthly traffic safety spotlights, even with increased enforcement. “Overall, we think attitudes are changing in… The […]
Canadian Insurance Top Broker
- New IBC tool tests consumers’ knowledge of water damage coverage
by jackierosen on 2018-01-22 at 20:46Water damage accounts for 50% of claims paid by Quebec insurers […]
- Coaches, players, volunteers increasingly targeted in sports lawsuits: expert
by jackierosen on 2018-01-22 at 16:15GameDay Insurance says plaintiffs have been “fanning out” claims […]
- Insurer AIG is buying Validus in deal worth about $5.56B
by jackierosen on 2018-01-22 at 15:10AIG’s President and CEO says the acquisition will bring a boost to the company’s general insurance operation […]
- Insurers say Canadian weather getting hotter, wetter and weirder
by jackierosen on 2018-01-22 at 14:44The Actuaries Climate Index shows a slow, gradual increase in extreme conditions […]
- Is it time for the industry to rethink its approach to personal lines?
by gregdalgetty on 2018-01-19 at 22:26The CEO of Omega Insurance Holdings shares his thoughts […]
InsureZero
- Life Insurance VS Mortgage Protection
by Linda Thibeault on 2018-01-20 at 15:29An outgoing query for a lot of householders is whether or not to buy mortgage safety or normal life insurance. Both choices have advantages and all householders ought to have one or the opposite so as to safe the way forward for their household. While mortgage safety limits fee to solely paying off […]
- Why Full Coverage Auto Insurance is Important
by Alan Schmeltzle on 2018-01-20 at 15:28If you’ve got somewhat time to kill, check out the native trial docket of your township, metropolis, or county courtroom. You will uncover that there are literally thousands of drivers in your district that don’t have any auto insurance. What does this imply to you? It implies that […]
- Find an Individual Health Insurance That Meets Your Needs
by Helen Petruska on 2018-01-20 at 15:27If there’s an particular person well being insurance that you’re in search of, it’s best to go for a protection choice that’s all encompassing. Despite the truth that your employer presents insurance of Health, you will need to discover a personal insurance scheme that on […]
- What Is The Best Supplemental Insurance To Have With Medicare
by Leandro Mueller on 2018-01-20 at 09:53Original Medicare has gaps or holes in its coverage leaving you with a hefty amount of out-of-pocket costs. No need to worry because there is a type of insurance that will cover the gaps and bridge your coverage, so you won’t have to shed much money on healthcare expenses. You can have a […]
- Term Life Insurance – A Valuable Financial Tool
by Linda Thibeault on 2018-01-19 at 13:45Following Auto and Home insurance, Term Life insurance is one other kind of insurance that many households will contemplate acquiring. Term Life insurance is a product that pays a lump-sum profit to a delegated beneficiary if the insured particular person dies. It is a selfless product that […]
- Discount Auto Insurance Tips
by Alan Schmeltzle on 2018-01-19 at 13:44In the intervening time’s monetary cases, we’re all attempting to keep away from losing money. We may need put barely off the phone bill or decrease off just some cups of espresso. Why not save an sum of money out of your automotive insurance, as correctly? Here are just some concepts […]
- Home Improvements Are the Key to Increasing Resale Value
by Seth Murphy on 2018-01-17 at 22:47If you’re thinking of investing in some home improvements, chances are you want to make sure you get the best value for your money. After all, a house is one of the biggest purchases you make in life. With a little thoughtfulness, you can make improvements that boost your […]
- The Things to Consider About Life Insurance Policies
by Linda Thibeault on 2018-01-10 at 10:14Joint Policies As an alternate to each your self and your companion taking out separate insurance insurance policies, most insurers will present joint life insurance policies. Normally a ‘first loss of life’ coverage would cover each of the insured particular person’s lives and […]
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