Insurance Roundup, December 4, 2018


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

  • EU Bank Reform Includes Insurance, Bad Loan, Other Sweeteners

    by Francesco Guarascio on 2018-12-04 at 15:52European Union finance ministers struck a deal on a major reform of banking rules on Tuesday, addressing some of the loopholes exposed by the global financial crisis. The overhaul, proposed by the European Commission in November 2016, sets the level […]

  • Alaska Putting Pieces Back Together Following Massive Quake

    by Mark Thiessen on 2018-12-04 at 15:39The supply chain of food and other goods delivered to the Port of Anchorage from the Lower 48 has not been disrupted by the powerful earthquake that caused widespread damage to roads in the Anchorage area. “The ships are coming […]

  • Schools Open 3 Weeks After Northern California Wildfire

    by Jonathan J. Cooper on 2018-12-04 at 15:33Monday marked a return to school and some semblance of routine for thousands of children who lost their homes to a deadly wildfire in Northern California. Schools in Butte County have been closed since Nov. 8, when the Camp Fire […]

  • New Jersey Man Pleads Guilty in $74K Insurance Fraud Scheme

    on 2018-12-04 at 14:47An Essex County, N.J., man has pleaded guilty in a scheme to obtain $74,000 in disability payments by submitting dozens of forged documents to his insurance provider. Major Smith, a former teacher in the East Orange school district, pleaded guilty […]

  • Everest Insurance Hires Bunt in Connecticut

    on 2018-12-04 at 14:41Everest Insurance has hired Tim Bunt to its marketing and distribution team as vice president. In this role, Bunt is responsible for business development in the large account space. He will be based in the Everest Stamford, Conn., office and […]

  • U.S. Comptroller Joins Federal Reserve in Warning on Rise in Risky Loans

    by Jesse Hamilton on 2018-12-04 at 14:31A key regulator of Wall Street banks has joined the Federal Reserve in warning about risky corporate borrowing that has reached record levels as lender protections are eroded. The Office of the Comptroller of the Currency cautioned in its Semiannual […]

  • WKFC Underwriting Managers, CorRisk Solutions Hire Girardi

    on 2018-12-04 at 14:18WKFC Underwriting Managers and CorRisk Solutions have hired Joseph Girardi as senior vice president of specialty casualty. Girardi joins WKFC and CorRisk with more than 30 years of experience in the commercial insurance industry. Previously, he served as senior vice […]

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

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Keeping Up with Inflation: Does Your Home Have Sufficient Insurance Coverage?

    by Timothy Burchard on 2018-12-04 at 05:15The State of Colorado has always been an attractive destination for people who enjoy the outdoors. Now more than ever, it seems people are choosing Colorado not just for a winter getaway, but as a place to call home. As a result of the market pressure that the ever-increasing population has caused, property values have…… Continue Reading […]

  • Contractors Versus the Insurance industry—AOB’s Are Under Attack

    by Chip Merlin on 2018-12-03 at 05:15The National Association of Public Insurance Adjusters held its mid-year meeting last week and the topic of assignment of benefits, commonly referred to as AOB’s, was on the agenda. Lisa Miller, an insurance lobbyist and regulator I have come across for over twenty-five years was the speaker on the topic. Miller is a very bright…… Continue Reading […]

  • Public Adjusters Beware That Non-Compliance with Federal Regulation “Signed and Sworn” Proof of Loss Requirement Will Preclude Recovery of Damages

    by Paul LaSalle on 2018-12-02 at 05:15In a recent case,1 a federal court dismissed a flood claim following a nor’easter storm because the insureds’ proof of loss under the National Flood Insurance Act failed to satisfy the Standard Flood Insurance Policy’s (“SFIP”) “signed and sworn” requirement.2 In that case, the insureds submitted two claims to recover damages from the storm to…… […]

  • Unauthorized Practice of Public Adjusting is Alive and Well in Florida

    by Chip Merlin on 2018-12-01 at 05:15If a picture says a thousand words, the one above certainly does. This picture was taken in the Panhandle of Florida following Hurricane Michael. This photograph may actually go so far as to imply the contractor is advertising for the practicing of law. Just to make certain that the advertisement may suggest something that the…… Continue Reading […]

  • 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 […]

  • Morocco: Product diversification boosts insurance mart prospects

    on 2018-12-04 at 23:55The Moroccan insurance sector is dealing with several new developments aimed at consolidating its financial strength and governance as well as promoting its growth, Mr Othman El Alamy, secretary general of the Insurance Supervisory Authority and Social Insurance (ACAPS) has said. […]

  • Iran: Foreign insurers have settled payouts for sunk tanker

    on 2018-12-04 at 23:55All parties involved in the liability insurance of the ill-fated Iranian oil tanker “Sanchi” that sank in January have made their compensation payments, a senior official of the Iran Insurers Syndicate has said. […]

  • Egypt: Misr group targets Africa for expansion

    on 2018-12-04 at 23:55Regional expansion is one of the pillars of state-run Misr Insurance Holding Group’s strategy, the investment holding company’s chairman and managing director, Mr Basel El Hini, has said. […]

Global Risk Insights Political Risk for the 21st century

  • Sri Lanka: economic and political fragility

    by Malvika Singh on 2018-12-03 at 22:52The Sri Lankan democracy has recently been burdened by a presidential coup. President Sirisena has overstepped his constitutional limits to sack the sitting Prime Minister and unilaterally appoint a new one. Instead of seeking parliament’s approval, he dissolved the House and announced snap elections for January 2019. The post Sri Lanka: economic and political fragility appeared first on […]

  • An unlikely partnership in New Zealand leads the way on biosecurity

    by Hali Czosnek on 2018-11-30 at 00:15Biosecurity New Zealand and Onions New Zealand have begun to work together to ensure that they are prepared for biological threats – a partnership that could serve as an example for other countries. The post An unlikely partnership in New Zealand leads the way on biosecurity appeared first on Global Risk Insights. […]

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

  • Why smaller is better for MGAs looking to innovate

    by Jason Contant on 2018-12-03 at 21:22Sometimes even simple technological changes can help managing general agencies (MGAs) become more innovative, a software provider said last week at Insurance-Canada.ca’s MGA Technology Symposium in Toronto. “What everybody should be thinking about critically is where is my company today… The post Why smaller is better for MGAs looking to innovate appeared first on Canadian […]

  • Disputed claim from $1.2-billion ponzi scheme goes to trial in Ontario

    by Greg Meckbach on 2018-12-03 at 21:04A $300 million professional liability insurance claim from a bank could be the subject of a court trial in Ontario. The Supreme Court of Canada announced last week it will not hear an appeal of Toronto-Dominion Bank, N.A. v. Lloyd’s… The post Disputed claim from $1.2-billion ponzi scheme goes to trial in Ontario appeared first on Canadian Underwriter. […]

  • Training will be mandatory for semi-truck drivers in this province

    by Greg Meckbach on 2018-12-03 at 20:31REGINA – The Saskatchewan government is introducing mandatory training for semi-truck drivers almost eight months after the Humboldt Broncos bus crash. Starting in March, drivers seeking a Class 1 commercial license will be required to undergo at least 121.5 hours… The post Training will be mandatory for semi-truck drivers in this province appeared first on Canadian Underwriter. […]

  • An insurer’s take on the multi-solution era of data exchange

    by David Gambrill on 2018-12-03 at 20:14An old adage states that a broker must be able to communicate with clients in the way in which the clients wish to communicate – be it through online portals, telephone, email, Facebook, LinkedIn, etc. Similarly, in a multi-solution era… The post An insurer’s take on the multi-solution era of data exchange appeared first on Canadian Underwriter. […]

  • Martin Brodigan Joins The Guarantee Company of North America

    by Linda Domenichini on 2018-12-03 at 18:24TORONTO, ON, Dec. 3, 2018 /insPRESS/ –  The Guarantee Company of North America (The Guarantee) is pleased to announce the appointment of Martin Brodigan to the position of Executive Vice President (EVP), Corporate Services, effective December 1, 2018. Martin will be… The post Martin Brodigan Joins The Guarantee Company of North America 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

  • Five Cost-Saving Tips for Your Next Home Improvement Project

    by Sharon Torres on 2018-12-04 at 09:03Home improvement projects can be a great investment in your property, but they often come with surprise costs. Keep the price tag of your renovation or addition down by using these quick tips. Get Your Neighbors and Friends Involved Don’t keep your home improvement project a secret! Share your project goals on social media and […] Five Cost-Saving Tips for Your Next Home Improvement […]


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