Insurance Roundup, May 28, 2018

Global Risk Insights

  • Will clashes in the Israeli-Palestinian conflict escalate further?
    by Sehr Nawaz on 2018-05-27 at 17:46Palestinian protests calling for a right of return to the Palestinian homeland resulted in the murder of over 100 Palestinians and wounded a further 12,000 by Israeli armed forces. What is the risk of these clashes escalating further in both scale and intensity? The post Will clashes in the […]

  • The Week Ahead
    by Global Risk Insights on 2018-05-26 at 01:35Colombian presidential elections threaten political system. Irish referendum divides country. Barbados goes to the polls. All in The Week Ahead. COLOMBIA: Presidential election threatens to whipsaw the political system This The post The Week Ahead appeared first on Global Risk Insights. […]

  • Round Five for President Bouteflika?
    by Emily Boulter on 2018-05-25 at 13:10Despite serious health problems, Algeria’s President Abdelaziz Bouteflika may stand for a fifth term in office, leaving many to question if the country’s political elite are bereft of a feasible transition plan. The post Round Five for President Bouteflika? appeared first on Global Risk […]

  • Death of a salesman – China attacks private debt
    by Kiana Mendoza on 2018-05-25 at 10:13As China’s transitions from prioritizing economic growth to maintaining economic stability, the government has begun levying steep penalties on high-debt private companies for “economic crimes.” Kiana Mendoza looks at several recent examples of these trials, and examines what this could mean […]

  • Trump vs Kim: The art of the nuclear deal
    by Kiana Mendoza on 2018-05-25 at 01:31The US and North Korea are likely to attempt diplomacy for a few months, but impossible expectations and intentionally vague promises could frustrate both sides. If this causes the deal to fall through, bilateral tensions could boil over once again. The post Trump vs Kim: The art of the nuclear […]

Claims Journal

  • Survivors Continue to Mourn as Grenfell Tower Inquiry Begins in London
    on 2018-05-25 at 09:59Survivors of a devastating high-rise fire in London wept Monday as relatives paid tribute to some of the 72 victims at the opening of an inquiry into Britain’s deadliest blaze in decades. The Grenfell Tower inquiry is beginning with two […]

  • People News: Aon, Farmers, Zurich NA
    on 2018-05-25 at 09:57Aon Names CEO of Captive & Insurance Management Business Aon named John English chief executive officer, Aon Captive & Insurance Management effective June 1, 2018. English is currently chief operating officer of Aon Captive & Insurance Management & managing director […]

  • ALI Approves Restatement of the Law, Liability Insurance
    on 2018-05-25 at 09:21ALI members voted at The American Law Institute’s 2018 Annual Meeting to approve Restatement of the Law, Liability Insurance. The project reporters are Tom Baker of the University of Pennsylvania Law School and Associate Reporter Kyle D. Logue of Michigan […]

  • Officials Implement Policy Change After 2017 Georgia Bridge Collapse
    on 2018-05-25 at 09:11The kind of materials that fed a fire below a metro Atlanta, Ga., highway overpass which collapsed last year will no longer be stored under state bridges, officials said. The Georgia Department of Transportation has officially declared that “only non-combustible […]

  • Florida Arson Ring Busted
    on 2018-05-25 at 08:33Operation Rent-To-Burn: $187,000 Arson-for-Profit Crime Ring Taken Down Three Florida residents were arrested following a joint investigation conducted by the Miami-Dade Police Department’s Economic Crimes Bureau Arson Squad and CFO Jimmy Patronis’ Bureau of Fire and Arson […]

  • Robot Ride Fears Escalate Following High-Profile Roadway Deaths
    by Keith Naughton on 2018-05-25 at 08:20Consumer trust in self-driving cars has plummeted following high-profile roadway fatalities, with almost three-quarters of Americans now saying they are too afraid to ride in an autonomous vehicle, according to a new survey. The survey by the American Automobile Association […]

  • Business News: Lemonade, CoreLogic
    on 2018-05-24 at 09:30Lemonade Launches World’s First ‘Open Source’ Insurance Policy Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has rewritten the generations-old insurance policy. The new insurance policy, called Policy 2.0, will be open […]

Insurance Journal

  • P/C Insurers Improved Results in Q1
    on 2018-05-28 at 05:00The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow at a healthy clip, A.M. Best said in a special report. A combined ratio of 94.8 […]

  • Alberto, 2018’s First Named Storm, Heading for Florida, Southeast Coast
    by Brian K. Sullivan on 2018-05-25 at 15:54Meet Alberto, the first named storm of 2018. The sub-tropical storm off Mexico’s Yucatan Peninsula is expected to bring heavy rain to western Cuba and much of Florida early next week, the National Hurricane Center in Miami said Friday. Alberto […]

  • Illinois Lawmakers Send Governor Bill Legalizing Industrial Hemp
    on 2018-05-25 at 15:47The Illinois House has sent the governor a measure legalizing industrial hemp. The House voted 106-3 this week to allow hemp cultivation for commercial use. Hemp is a form of the cannabis plant distinct from marijuana. It does not produce […]

  • Oklahoma Earthquakes Lead to More Injection Well Shut Downs
    on 2018-05-25 at 15:46The Oklahoma Corporation Commission’s Oil and Gas Division is directing some injection wells in north-central Oklahoma reduce injection volumes and others to stop operations. The directive issued Wednesday comes after the U.S. Geological Survey recently recorded several earthquakes in the […]

  • Michigan Legislators Decide Motorists Need 3-Foot Distance to Pass Bikes
    on 2018-05-25 at 15:34Michigan drivers would have to allow 3 feet of clearance or a “safe passing distance” while going by a bike on the road as part of a legislative compromise that could reach the governor soon. The Senate voted 36-1 this […]

  • Offshore Worker Alleges Bias in Louisiana Lawsuit
    on 2018-05-25 at 15:31An African-American offshore oil worker has filed a federal lawsuit saying he was intimidated on the job by a supervisor who drew a picture of him dangling from a high rig structure while surrounded by co-workers in Ku Klux Klan […]

  • Ohio Homeowner Trying to Kill Weeds Burns Down Garage
    on 2018-05-25 at 15:28Authorities say a Ohio homeowner trying to kill troublesome weeds with a torch has burned down his garage. The Springfield News-Sun reported Springfield Township firefighters in central Ohio were called to a home around 4 a.m. Thursday for a detached […]

Asia Insurance Review

Canadian Underwriter

  • Could bombed restaurants be held liable for not mitigating risk?
    by Greg Meckbach on 2018-05-28 at 01:24Restaurant operators face minimal liability risk when customers are injured in bombing attacks, but the risk is extremely low if the attacks are unforeseen and the company does what is “reasonable under the circumstances” to manage risk, an insurance defence… The post Could […]

  • Forget insurtechs: your next competitors will be Google, Amazon, and Facebook
    by Jason Contant on 2018-05-28 at 01:18Just under one-third of customers globally (22.8% in Canada) are willing to buy insurance products from “BigTech” companies such as Amazon, Facebook and Google, a new report has found, suggesting a greater need for traditional insurance providers to “develop future-ready… […]

  • Kinder Morgan begs the question: Is civil disobedience an insured risk?
    by Jason Contant on 2018-05-28 at 01:15With continued legal challenges and protests surrounding construction of the proposed new Kinder Morgan pipeline, potential insurance repercussions could be just around the corner. An Insights West opinion poll released last month found that more than one in 10 British… The post Kinder […]

  • Election 2018: Will Ontario get public auto?
    by Greg Meckbach on 2018-05-28 at 01:06If an election were held today in Ontario, the country’s largest private auto insurance market would be governed by a party that has promised public auto insurance in the past. Forum Research announced Thursday it projects a New Democratic Party… The post Election 2018: Will Ontario […]

  • Out of control B.C. wildfire one of the largest of 2018 season
    by Jason Contant on 2018-05-28 at 01:03KAMLOOPS, B.C. – Members of the public are no longer allowed in the area around Allie Lake, B.C., where one of the first large wildfires of the 2018 season is blazing out of control. The B.C. Wildfire Service has issued… The post Out of control B.C. wildfire one of the largest of 2018 […]

Canadian Insurance Top Broker


  • 5 Types of Insurance You Should Think about as a Business Owner
    by NinaSMedia on 2018-05-25 at 07:11Every ambitious person enters the business world with high hopes of everything turning all right, however, putting your livelihood on the line because of your optimism is a poor business practice. Of course, you can significantly cut costs on your business by not getting an insurance, yet, this […]

  • Keeping Commercial Properties Safe with Proper Maintenance
    by Lillian Connors on 2018-05-24 at 10:00Be they office buildings, manufacturing plants or retail locations, commercial properties of all types and sizes need regular maintenance. If you or your maintenance crew fails to perform routine checks of your property, what seemed like an insignificant problem might turn into a costly emergency […]


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