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
- Maine Landlord’s Appeal in Fatal Fire Cites Vague Fire Codes
on 2018-01-24 at 10:41A landlord who was convicted of code violations stemming from Maine’s deadliest fire in decades filed a brief in his appeals case citing a vague fire safety code as a factor in the blaze. Gregory Nisbet was convicted following the […]
- NJ Transit’s Engines Parked Due to Positive Train Control Software Failure
by Elise Young on 2018-01-24 at 10:29New Jersey Transit’s race to fulfill a federal mandate for emergency train-braking has left it short of equipment, causing weeks of service cuts and crowding that are likely to worsen as the December deadline nears. About 8 percent of engines […]
- Tesla Crash With Autopilot Triggers Safety Board’s Interest
by Ryan Beene and Alan Levin on 2018-01-24 at 10:25The U.S. National Transportation Safety Board is gathering information about an accident involving a Tesla Inc. Model S sedan that rear-ended a firetruck on a freeway near Los Angeles on Monday, the agency said. The safety agency has not yet […]
- Michigan Joins Other States Trying to Prevent Wrong-Way Driving
on 2018-01-24 at 10:03Michigan police and the state Department of Transportation are working to stop wrong-way drivers. The Transportation Department has been installing better signs, new lane guides and modifying exit ramps, the Detroit Free Press reported. Officials are concentrating efforts in Wayne, […]
- Weather Channel Co-founder Dies; Doubted Man-Made Climate Change
on 2018-01-24 at 10:00John Coleman, who co-founded The Weather Channel and was the original meteorologist on ABC’s “Good Morning America” during a six-decade broadcasting career but who later drew people’s anger for his open skepticism about climate change being man-made, has died. He […]
- Duration, Number of Refills Spell Highest Risk for Opioid Misuse After Surgery
on 2018-01-24 at 09:31With opioid overdoses now a leading cause of nonintentional death in the United States, data show most of these deaths can be traced back to an initial prescription opioid. A new study led by investigators at Beth Israel Deaconess Medical […]
- Termite Damage Isn’t Building Collapse for Purposes of First Party Property Coverage
by Steven Plitt on 2018-01-23 at 16:50The Kentucky Supreme Court recently found that an insurance company’s homeowners’ policy did not cover termite damage that did not result in the home’s collapse. The insured presented a claim for termite infestation that was discovered throughout the insured home […]
Insurance Journal
- QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes
by L.S. Howard on 2018-01-24 at 12:15QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims. “This has been a challenging year for QBE, reflecting an unprecedented cost of catastrophes as well as the […]
- Worldwide Broker Network Appoints CEO of Mojumdar & Co. as New Board Member
on 2018-01-24 at 09:32The Worldwide Broker Network (WBN) announced the appointment of Larry Mojumdar, CEO of Mojumdar & Co. Ltd., of Tokyo, to its board of directors. Mojumdar & Co. was established in 1955 in Tokyo. The company sells insurance products to both […]
- AXIS Capital Restructures to Focus More on Tech & Innovation
on 2018-01-24 at 09:12AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second quarter. The Bermuda-based […]
- Beazley Adds Post-Breach Services to Cyber Coverage for Small, Mid-Sized Policyholders
on 2018-01-24 at 06:19Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of Beazley, BBR policyholders now have access to up […]
- Tesla Autopilot Crash with Parked Fire Truck in Los Angeles Under Investigation
by Alan Levin and Ryan Beene on 2018-01-24 at 06:00The U.S. National Transportation Safety Board will investigate an accident involving a Tesla Inc. Model S sedan that rear-ended a firetruck on a freeway near Los Angeles on Monday, the agency said. The agency will send two investigators to conduct […]
- In 2017, Labor Lawyers Raced to Settle Class Actions Before Trump Effect
by Rebecca Greenfield on 2018-01-24 at 06:00While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor lawyers rush […]
- With $25 Million in New Funding, Home Insurtech Hippo to Expand
by Mark Hollmer on 2018-01-24 at 06:00Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall led the round, along with […]
Asia Insurance Review
- Philippines: Insurers get green light to sell via mobile apps
on 2018-01-24 at 21:23Insurance companies may now use mobile applications to distribute their products, provided that the use of the app has been approved by the Insurance Commission (IC). […]
- China: Munich Re offers smart insurance solutions via new Beijing unit
on 2018-01-24 at 21:23Global reinsurance giant Munich Re has established a dedicated company to offer intelligent insurance solutions to its business partners in China. […]
- India: Life protection gap exceeds US$7 trillion
on 2018-01-24 at 21:23The insurance regulator IRDAI has said that the protection gap in Indian life insurance stands at INR480 trillion (US$7.53 trillion). […]
- Australia: Largest Aussie insurer expects US$1.2 bln loss for FY2017
on 2018-01-24 at 21:23Australia’s biggest insurer QBE Insurance Group has sounded a warning that its after-tax loss for 2017 would be about US$1.2 billion, hit by write-downs and Nat CAT costs. […]
- Vietnam: Prudential sells finance firm and seals bancassurance pact
on 2018-01-24 at 21:23Prudential, a UK-based financial services group, has reached an agreement to sell 100% of its consumer finance business in Vietnam, Prudential Vietnam Finance Company (PVFC), for a consideration of US$151 million, subject to regulatory approvals. […]
Canadian Underwriter
- Ridesharing company expresses interest in Manitoba following time band controversy
by Jason Contant on 2018-01-24 at 01:30Manitoba’s Public Utilities Board (PUB) has not received any appeals to its order relating to a unique “time band” approach to insuring ridesharing in Winnipeg, a PUB spokesperson told Canadian Underwriter on Monday. “My guess is that the applicant [Manitoba… The post […]
- Independent brokerage grows in Western Canada
by Jason Contant on 2018-01-23 at 21:46Regina-based brokerage Harvard Western Insurance has acquired Saskatchewan brokerage Hoff Insurance, effective immediately. Harvard Western president and CEO Dave Pettigrew told Canadian Underwriter Tuesday that Hoff Insurance approached his firm because they wanted to be part of a larger […]
- Educating the Public About Distracted Driving: Dos and Don’ts
by David Gambrill on 2018-01-23 at 21:26Public education strategies must supplement tougher laws if insurers wish to curb the number of claims arising from distracted driving, says the Traffic Injury Research Foundation (TIRF). Despite increasing fines and penalties for distracted driving, nearly one in four fatal… The post […]
- AIG re-enters Lloyd’s business with $5.56-billion deal
by Greg Meckbach on 2018-01-23 at 18:37Less than two years after Canada Pension Plan Investment Board bought Lloyd’s underwriter Ascot Underwriting from American International Group Inc. (AIG), AIG plans to get back into the Lloyd’s business again. AIG announced Monday a US$5.56-billion agreement to acquire Validus… […]
- Quebec brokers concerned about regulatory ‘vacuum’ on web sales
by Greg Meckbach on 2018-01-23 at 17:04Quebec brokers are pushing for a prohibition on buying property and casualty insurance over the Internet without some involvement from a broker or agent. Under the province’s proposed Bill 141, the Act respecting the distribution of financial products and services… The post Quebec […]
Canadian Insurance Top Broker
- Risk assessment coming following major floods in B.C. last year
by jackierosen on 2018-01-23 at 21:20The Fraser Basin Council hopes to begin work in Apr […]
- Western Canadian brokerages announce merger
by jackierosen on 2018-01-23 at 19:44Harvard Western Insurance has acquired Hoff Insuranc […]
- Bell Canada alerts customers who may be affected by latest data breach
by jackierosen on 2018-01-23 at 18:03As many as 100,000 Canadians may be affected […]
- MPI reports second-lowest rate of road deaths in 35 years
by jackierosen on 2018-01-23 at 16:502017 saw a 32% decrease in fatal collisions year over year […]
- 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 […]
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 […]
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