Insurance Roundup, November 30, 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

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Period of Restoration – Valuing Business Interruption Claims, Part I

    by Iris Kuhn on 2018-11-30 at 05:15Business interruption coverage is very valuable to many policyholders in the wake of Hurricane Michael. Florida business owners may seek coverage under their commercial insurance policies for business interruption, which indemnifies them for lost earnings and expenses if their businesses are partially or totally interrupted as a result of Hurricane Michael. Business interruption coverage […]

  • Wildfire Considered One Occurrence Despite Damaging Numerous Properties

    by Christina Phillips on 2018-11-29 at 05:15A recent decision by the Supreme Court of Wisconsin1 might predict how other courts would analyze coverage under commercial general liability insurance policies for wildfires. In May 2013, a fire broke out on forest land owned by Lyme St. Croix Forest Company. The fire burned nearly 7,500 acres over the course of three days and…… Continue Reading […]

  • Bad Faith May Arise Out Of Wrongful Misrepresentation in Application Denial

    by Chip Merlin on 2018-11-28 at 05:16Suspicion runs rampant with some insurance companies when it comes to alleged arson. Even if they cannot prove the policyholder had anything to do with a fire, some adjusters cannot help to look for other ways to deny an insurance claim. In Hayes vs. Metropolitan Property and Casualty Insurance Company,1 an insurer was held liable…… Continue Reading […]

  • 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 […]

  • Australia: Property insurance pricing penalises loyal customers

    on 2018-11-30 at 22:17The NSW Emergency Services Levy Insurance Monitor, Professor Allan Fels, has revealed that consumers who renew a home and contents insurance policy with their existing insurer are paying more than new policyholders. […]

  • China: Non-auto insurance sector – Growth or risk engine?

    on 2018-11-30 at 22:17The P&C sector has turned to the non-auto insurance sector this year, following the downturn in the auto insurance sector. In particular, the agriculture and liability insurance segments have boomed this year. However, the expansion and diversification into these new lines of businesses is not without risk, says S&P Global Ratings. […]

  • Indonesia: Takaful growth is forecast to be robust in 2019

    on 2018-11-30 at 22:17The Islamic insurance industry in Indonesia is expected to expand next year at a double-digit growth rate. This will be due to the increase in the number of new players and a requirement to acquire umrah and hajj travel insurance. […]

  • India: Life insurance to be cheaper while health insurance becomes more expensive

    on 2018-11-30 at 22:17Buying life insurance is likely to get more affordable, while health insurance could get dearer. Improved life expectancy among the insured population will keep the cost of life cover down, but the cost of health covers is expected to move up because of various court directives asking insurers to cut out exclusions. […]

  • South Korea: KB Insurance jumps on Vietnamese wagon

    on 2018-11-30 at 22:17KB Insurance is the latest South Korean insurer to plan to invest in Vietnam. It will buy a stake in Vietnam’s third biggest non-life insurance company so as to carve out a niche for itself in the Southeast Asian country’s growing insurance market. […]

Global Risk Insights Political Risk for the 21st century

  • India’s Bid for the Nuclear Suppliers Group

    by Malvika Singh on 2018-11-29 at 21:54Becoming a member of the exclusive Nuclear Suppliers Group (NSG) would be a major coup Modi as his government heads into general elections in 2019. While most of  48 members have endorsed the Indian bid, China continues to veto India’s ability to join the Group by stating it is not an Non-Proliferation Treaty signatory. The post India’s Bid for the Nuclear Suppliers Group […]

  • A true European army is coming

    by Louis Cox-Brusseau on 2018-11-27 at 23:48French President Emmanuel Macron’s recent call for the creation of a ‘true European army’ was echoed in dramatic fashion by German chancellor Angela Merkel in mid-November and has brought the debate over a shared European military back into the public eye. This may mark a watershed moment in European politics. The post A true European army is coming appeared first on Global Risk […]

  • What to expect from López Obrador’s public consultations

    by Tyler Mattiace on 2018-11-27 at 10:09Leftist Mexican President Elect Andrés Manuel López Obrador, who takes office in December, recently held a controversial public consultation to cancel Mexico City’s new multibillion-dollar airport. He is organizing another one over the building of a high-speed railway on the Yucatán Peninsula. Opponents accuse him of using consultations to bypass existing rules and […]

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

  • How important is non-insurance talent for MGAs?

    by Jason Contant on 2018-11-29 at 21:11Looking outside the insurance industry appears to be a tried-and-true approach to recruiting talent, executives of managing general agents said Tuesday at the Insurance-Canada.ca’s MGA Technology Symposium in Toronto. “We’ve had success actually looking for people with skills, rather than… The post How important is non-insurance talent for MGAs? appeared first on Canadian […]

  • Will the entire insurance industry soon move to APIs?

    by Jason Contant on 2018-11-29 at 21:08Canada’s P&C industry will eventually move to using API (application programming interface) in its entirety, predicts the CEO of a technology company that helps brokers automate their workflows. “I think you’re literally looking at the monolithic system; there’s going to… The post Will the entire insurance industry soon move to APIs? appeared first on Canadian […]

  • B.C. brokerage fined $20,000 for flouting rules for entry-level brokers

    by David Gambrill on 2018-11-29 at 19:52Park Georgia Insurance Agencies, a full-service brokerage in B.C., has been fined $20,000 for allowing 36 of its Level 1 general insurance agents to sell insurance outside of the brokerage on a full-commission basis and without supervision, contrary to the… The post B.C. brokerage fined $20,000 for flouting rules for entry-level brokers appeared first on Canadian Underwriter. […]

  • Auto insurers’ bitter costs dispute draws rebuke from judge

    by David Gambrill on 2018-11-29 at 19:48A bitter cost dispute between two auto insurers over an abandoned court action has led to a rebuke from a judge, who ordered Wawanesa to pay Dominion its legal fees. In doing so, Ontario Superior Court Justice Darla A. Wilson… The post Auto insurers’ bitter costs dispute draws rebuke from judge appeared first on Canadian Underwriter. […]

  • Two charged in 2016 ransomware attack that hit University of Calgary

    by Jason Contant on 2018-11-29 at 19:30CALGARY – The FBI says it has charged two men in Iran as part of an investigation into cyberattacks that targeted the University of Calgary and computer networks in the United States. The university paid a ransom of $20,000 after… The post Two charged in 2016 ransomware attack that hit University of Calgary 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

  • 5 Ways Modern Print Technology Can Help Your Business

    by David Webb on 2018-11-29 at 16:54In an increasingly digital world, printers are still some of the most important amenities in a workplace. No matter how much you try to move to a paperless business model, printing still has a vital role to play in all of your business processes. Here are five ways modern print technology can help your business. 5 Ways Modern Print Technology Can Help Your Business Author: David WebbInsureZero […]


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