General Insurance
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Insurance Roundup, November 27, 2018

News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

News – Claims Journal Insurance news and resources for the claims industry

  • Lion Air Pilots Battled Confusing Warnings Before Crash

    by Alan Levin and Harry Suhartono on 2018-11-27 at 10:45The Lion Air pilots whose plane nosedived into the Java Sea in October, killing all those aboard, were battling multiple malfunctions almost as soon as the doomed flight began, according to a trove of new data released by Indonesian investigators. […]

  • Drone Use Presents New Risks

    by Denise Johnson on 2018-11-27 at 09:46Originally used for defense by the military, drones are increasingly being used by a variety of industries. With increased use comes the potential for more risks. Brandon Almond, an attorney with Troutman Sanders, discussed common risks associated with drones during […]

  • Technology Shapes Insurers’ Wildfire Response

    by PAT EATON-ROBB on 2018-11-27 at 09:30As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was […]

  • PG&E Fire Relief Bill Nears While Long-Term Fix Remains Elusive

    by David R. Baker and Romy Varghese on 2018-11-27 at 09:25PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a bill that would give the state’s […]

  • People News: Texas Mutual, ICW Group, Employers

    on 2018-11-27 at 09:11Texas Mutual Names Gates Vice President of Houston Region Texas Mutual Insurance Company, a provider of workers’ compensation insurance in Texas, has named longtime insurance industry leader Peppia Gates as its vice president for the Houston region. Gates, who has […]

  • Tracking Construction Worker Safety a Group Effort

    by Denise Johnson on 2018-11-26 at 18:19Maintaining the safety of workers on a six-story job that spans 60,000 square feet is a daunting task, and a concern for not only the construction firm but also its insurer. A recently announced collaboration between Travelers, Gilbane, a large […]

  • Pot Shops Open, but Workers Can Still Be Fired Over Weed in Mass.

    by BOB SALSBERG on 2018-11-26 at 15:10The long-awaited opening of the first recreational marijuana stores in Massachusetts was cheered by cannabis enthusiasts and entrepreneurs, but it doesn’t change the reality that workers can be fired or face disciplinary action from employers for marijuana, even when they […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • What’s Next? Stop-Gap Flood Insurance Extension Set To Expire On November 30, 2018

    by Verne Pedro on 2018-11-27 at 05:15On November 30, 2018, the legislative authority that allows the National Flood Insurance Program (NFIP) to operate, will expire. The NFIP was originally set to expire on September 30, 2017. Since then NFIP has continued under a series of short-term extensions ever since; the current extension was authorized in July 2018. With the deadline fast…… Continue Reading […]

  • What Every Policyholder Has To Know About Their Hurricane Michael Loss

    by Nicole Vinson on 2018-11-26 at 05:15In the wake of Hurricane Michael, some policyholders are starting to see a response from their insurance companies for their home and business losses. The extent and the magnitude of the damages that Hurricane Michael caused has been captured by some media outlets but down played by others. Many of those dealing directly with the…… Continue Reading […]

  • Ambiguous Insurance Application Language Leads to Bad Faith Award

    by Marie Laur on 2018-11-25 at 05:15A Nebraska court recently ruled that an insured was entitled to bad faith damages after the court found that an insurance application was ambiguous in its language. In the case at hand, Eric Hayes (“Hayes”), the plaintiff and insured, owned a home in Nebraska. He used the detached garage of the home for his plumbing…… Continue Reading […]

  • State Supreme Court asked to Resolve Conflicting State Insurance Laws – T-Mobile USA v. Selective Insurance: Take Two

    by Lawrence Moon on 2018-11-24 at 05:15Earlier this month, the Ninth Circuit Court of Appeals asked the Washington State Supreme Court to resolve a conflict between two Washington state insurance law principles, namely, the conflict between (1) the rule that an insurance company is bound by representations made by its authorized agents, and (2) the rule that certificates of insurance cannot…… Continue Reading […]

  • Calculating Actual Cash Value, Part 32: Virgin Islands

    by Shane Smith on 2018-11-23 at 05:15Many Virgin Islands property owners have submitted claims to their property insurance carriers relating to claims from Hurricanes Irma and Maria. One issue that may arise during the adjustment of the claim is how the insurance carrier will calculate the “actual cash value” damages to the property. In the Virgin Islands, this issue has not…… Continue Reading […]

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Global Risk Insights Political Risk for the 21st century

  • Ukraine-Hungary: Beyond passports and languages

    by Luke Bacigalupo on 2018-11-25 at 15:13Relations between Hungary and Ukraine are at a low point. Diplomats have been expelled from both countries following arguments of Ukraine’s language law and Hungary’s issuance of passports in Ukraine. The dispute has implications that go far beyond the two countries’ bilateral relations. The post Ukraine-Hungary: Beyond passports and languages appeared first on Global Risk […]

  • Putin’s Middle East gamble

    by Victoria Kelly-Clark on 2018-11-25 at 15:12Since 2015 Russia has used the Syrian civil conflict as a platform to gain power within the Middle East. Engaging militarily and economically with the region, Russia has renewed its place in the global power structure and has invested in securing a share of the Middle East’s energy wealth. The post Putin’s Middle East gamble appeared first on Global Risk Insights. […]

  • Climate Change: Heating Up Arctic Competition

    by Jonathan Hall on 2018-11-23 at 13:15Melting sea ice is revitalizing the Arctic’s geopolitical importance. Russia is proactively developing the area with the help of the Chinese government and has more bases than any other nation. Western states are looking to respond and economic competition has already begun, further militarization is likely to follow suit. The post Climate Change: Heating Up Arctic Competition appeared first on […]

  • Can Kosovo’s tariffs on Bosnia and Serbia last?

    by Luke Bacigalupo on 2018-11-23 at 13:12On 21st November, Kosovo imposed a 100% tariff on all goods produced in Bosnia and Herzegovina and Serbia, increasing the 10% tariffs that were imposed on 6th November. The tariffs contradict the Central European Free Trade Agreement (CEFTA) of which all three territories are signatories. Kosovo has issued similar tariffs before and regularly claims that its products are not treated equally in […]

Canadian Underwriter Insurance and Risk News and Analysis. #1 in Canada

  • Why Canada’s constitution is driving D&O losses

    by Greg Meckbach on 2018-11-26 at 21:43Would directors’ and officers’ liability costs be lower if Canada had a national securities regulator? D&O liability insurance kicks in when shareholders go to court alleging a company misrepresented the true state of its financial affairs at the time they… The post Why Canada’s constitution is driving D&O losses appeared first on Canadian Underwriter. […]

  • Why brokers shouldn’t focus on breach notification law when selling cyber

    by Jason Contant on 2018-11-26 at 21:20The nation-wide mandatory data breach law that came into effect Nov. 1 is “a good way and a reminder to start the conversation with their clients,” but brokers should ultimately focus selling efforts on the crime and business interruption aspects… The post Why brokers shouldn’t focus on breach notification law when selling cyber appeared first on Canadian Underwriter. […]

  • Public insurer’s six-month loss over $500 million

    by Jason Contant on 2018-11-26 at 21:12The Insurance Corporation of British Columbia (ICBC) has posted a net loss of $582 million for the first six months of the current fiscal year. It’s also projecting a year-end financial loss of $890 million for 2018/19. This significant loss… The post Public insurer’s six-month loss over $500 million appeared first on Canadian Underwriter. […]

  • Insurer said to have denied coverage ‘without a comprehensible explanation’

    by Greg Meckbach on 2018-11-26 at 21:07Intact Insurance won a coverage dispute in court but “poor customer relations” means the homeowner plaintiff does not have to pay Intact’s legal defence costs. Homeowner Arnie Augspols sued Intact and G. Bates Plumbing. Augspols noticed several problems in his… The post Insurer said to have denied coverage ‘without a comprehensible explanation’ appeared first […]

  • 700-million D&O lawsuit arises from failed Ottawa NHL arena deal

    by Greg Meckbach on 2018-11-26 at 20:54OTTAWA – Senators owner Eugene Melnyk is suing his business partner for $700 million in a development deal that was meant to bring a new NHL arena to Ottawa’s downtown. Capital Sports Management Inc., a group controlled by Melnyk, said… The post 700-million D&O lawsuit arises from failed Ottawa NHL arena deal appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • Patio Design Ideas That Will Transform Your Outdoor Space

    by dereklotts on 2018-11-23 at 20:00Whether it’s winter or summer, a beautiful outdoor space is the perfect place for enjoying the warm rays of sunlight or drinking a cup of tea on a chilly evening. However, for a truly enriching experience, you should introduce several enticing ideas to make your patio more enjoyable, comfortable and stylish for your time spent […] Patio Design Ideas That Will Transform Your Outdoor […]

  • How to Ensure the Optimal Water Quality for Your Home

    by Lillian Connors on 2018-11-23 at 12:24There’s been a lot of talk lately about turning our homes green and reducing the energy waste, but it seems that not many people are concerned about the quality of water in their own homes, or at least they’re not discussing it as much,which might pose a problem. It’s extremely important that the water in […] How to Ensure the Optimal Water Quality for Your Home Author: […]

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