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
- Australia: More Aussies abandon private health insurance
on 2018-05-28 at 17:55A quarter of a million Australians did not renew their private health insurance in the past year, new findings from a survey by the market research firm Roy Morgan shows. […]
- Japan: Nippon Life’s new ops to offer low-priced products
on 2018-05-28 at 17:55Insurance giant Nippon Life Insurance has announced that it will launch a new company to provide low-priced insurance policies for sale at shops of independent sales agents. […]
- India: Biggest reinsurer shows sturdy results despite competition & global catastrophes
on 2018-05-28 at 17:55State controlled GIC Re, India’s largest reinsurer, has posted a profit after tax of INR3,233.59 crore ($477.4 million) for the year ended 31 March 2018 (FY2018), 3.4% higher compared to INR3,127.67 crore for the previous financial year. […]
- Singapore: Enhanced long-term care insurance scheme to be introduced
on 2018-05-28 at 17:55The government has outlined a new insurance scheme for long-term care for Singaporeans with severe disability. Compared to the current scheme called ElderShield, the enhanced scheme, called CareShield Life, will have higher and lifetime payouts. […]
- Taiwan: Questions over adequacy of insurance coverage of offshore wind farms
on 2018-05-28 at 17:55Geopolitical tensions in the Taiwan Strait have raised concerns over the adequacy of insurance coverage for offshore wind farms in the channel between Taiwan and mainland China, according to an insurer focused on renewable energy. […]
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
- Tesla in Autopilot mode sped up before crashing
by gregdalgetty on 2018-05-25 at 20:19Vehicle picked up speed for 3.5 seconds before crashing into a firetruck […]
- The Co-operators appoints new EVP, CFO
by gregdalgetty on 2018-05-25 at 15:19Karen Higgins succeeds Bruce West, who announced his retirement earlier this year […]
- Gore Mutual recognized for data management and analytics
by gregdalgetty on 2018-05-25 at 14:30Insurer receives Award of Distinction at Information Builders Summit 2018 User Conferenc […]
- Auto Insurance Satisfaction
by gregdalgetty on 2018-05-25 at 14:19Tom Super discusses the findings of J.D. Power’s 2018 Canadian Auto Insurance Satisfaction Study. (Runtime: 2 min, 58 sec) […]
- Aon launches Weather & Climate Risk Innovation network
by gregdalgetty on 2018-05-24 at 19:51Network is aimed at quantifying climate risk, developing risk financing strategies […]
InsureZero
- 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 […]
Advertisements
One Reply to “Insurance Roundup, May 28, 2018”