Insurance Roundup, October 16, 2017


Global Risk Insights

  • New EU cyber strategy leaves key security gaps

    by Benedetta Di Matteo on 2017-10-15 at 12:49GRI examines the strengths and weaknesses of Europe’s cyber strategy “Resilience, Deterrence and Defence: Building strong cybersecurity for the EU”. The post New EU cyber strategy leaves key security gaps appeared first on Global Risk Insights. […]

  • Special Report: Brexit’s impact on the energy sector

    by Leo Kabouche on 2017-10-14 at 16:02Brexit raises significant questions for the EU’s internal energy market and UK energy security, including in the North Sea. The post Special Report: Brexit’s impact on the energy sector appeared first on Global Risk Insights. […]

  • The Week Ahead: 15-21 October

    by Global Risk Insights on 2017-10-14 at 10:17China’s 19th Party Congress. Egypt’s state of emergency. Catalonian independence. Elections in Kyrgyzstan. US-Turkey relations.  All in The Week Ahead.  The post The Week Ahead: 15-21 October appeared first on Global Risk Insights. […]

  • Fading tulips: Kyrgyz presidential vote comes amid rising authoritarianism

    by Tobias Vollmer on 2017-10-13 at 18:37The presidential election in Kyrgyzstan to be held on 15 October 2017 promises to be the region’s most contentious and unpredictable since the disintegration of the Soviet Union. The post Fading tulips: Kyrgyz presidential vote comes amid rising authoritarianism appeared first on Global Risk […]

  • Japan elections: what an Abe victory would mean for security

    by Qi Lin on 2017-10-12 at 18:19Pyongyang’s recent nuclear test and missile launches over Japan prompted snap general elections, in which the LDP pledges to change the Constitution. The post Japan elections: what an Abe victory would mean for security appeared first on Global Risk Insights. […]

Claims Journal

  • Surge in Drone Safety Reports Prompts FAA ‘Emergency’ Action

    on 2017-10-16 at 09:36Reports of safety incidents involving civilian drones have surged to an average of 250 a month, leading to a federal “emergency” action to approve drone flights in restricted areas, according to a government notice seeking new procedures for the craft. […]

  • Smooth Sailing for a Pollution Exclusion?

    by Steven Plitt on 2017-10-16 at 09:24The question of whether carbon monoxide constitutes a pollutant for purposes of a standard policy pollution exclusion has been mixed among the courts. Whether carbon monoxide constitutes pollution is jurisdiction-specific and depends on whether the jurisdiction adopts a traditional or […]

  • Safety a Focus for Oklahoma Wind Turbine Maintenance Workers

    on 2017-10-16 at 09:23For Kalon Moore and Jackson Rollins, it’s a sight they never tire of. Just about every day on the job, the two look out at the Oklahoma landscape in every direction for miles, several hundred feet atop a wind turbine. […]

  • Trump Nominates AccuWeather CEO to Head US Weather Agency

    on 2017-10-16 at 08:45President Donald Trump has nominated the CEO of a private weather company to head the government agency that oversees the National Weather Service, an organization the nominee has at times clashed with. Barry Myers, who runs the pioneering weather firm […]

  • Poll Finds Americans Blame Wild Weather on Global Warming

    on 2017-10-16 at 08:38After hurricanes Harvey, Irma and Maria blitzed the nation, most Americans think weather disasters are getting more severe and see global warming’s fingerprints. A new poll from the Associated Press-NORC Center for Public Affairs Research finds that 68 percent of […]

  • House Passes $36.5B Hurricane, Wildfire Relief Aid

    on 2017-10-16 at 08:12The House backed President Donald Trump’s request for billions more in disaster aid, $16 billion to pay flood insurance claims and emergency funding to help the cash-strapped government of Puerto Rico stay afloat. Thursday’s hurricane aid package totals $36.5 billion […]

  • California Clears Way for Self-Driving Cars

    on 2017-10-13 at 10:21California regulators took an important step Wednesday to clear the road for everyday people to get self-driving cars. The state’s Department of Motor Vehicles published proposed rules that would govern the technology within California, where for several years manufacturers have […]

Insurance Journal

  • Kobe Steel Scandal Hits Global Supply Chains as Financial, Legal Fallout Grows

    on 2017-10-16 at 11:52Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd. in crisis and ensnared hundreds of firms, the embattled steelmaker’s shares skidded to five-year lows on Monday as investors worried about the financial and […]

  • California Workers’ Comp Division Suspends 3 Medical Providers for Fraud

    by Don Jergler on 2017-10-16 at 09:00The California Division of Workers’ Compensation has suspended three more medical providers from participating in the state’s workers’ comp system, bringing the total number of providers suspended this year to 49. The suspensions were made possible by the passage last […]

  • Worldwide Facilities in California Names Kelly COO

    by Don Jergler on 2017-10-16 at 09:00Los Angeles, Calif.-based Worldwide Facilities has named Cameron Kelly its chief operating officer. Kelly will be responsible for managing the company’s production offices, compliance, and acquisition integration. He will continue to serve as a member of the executive management teams. […]

  • Lloyd’s Broker AFL Creates Property Practice, Led by Crouch from Lockton

    on 2017-10-16 at 07:21Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice. Previously head of broking at Lockton, Crouch will pioneer the company’s expansion in the property market, initially focusing on North […]

  • INSUREtrust of Georgia Promotes Tschetter to Professional Lines Broker

    by Amy O’Connor on 2017-10-16 at 05:45INSUREtrust has promoted Will Tschetter to Professional Lines broker. In his new role, Tschetter will specifically focus on new broker production, and will be brokering cyber insurance, technology errors and omissions insurance (tech E&O), and miscellaneous professional liability (MPL) […]

  • Irma Dealt Devastating Blow to Florida Citrus, Other Crops

    by Amy O’Connor on 2017-10-16 at 05:19Florida’s famous oranges are still falling from trees and rotting on the ground weeks after Hurricane Irma, and the state’s agriculture commissioner said Thursday there will be fewer Florida vegetables on Thanksgiving tables and a shortage of poinsettias at Christmas. […]

  • How Warming Seas Could Cost South Carolina $12 Billion

    on 2017-10-16 at 05:15If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change research and issues periodic reports, expected financial losses caused by hurricanes could increase more than 70 percent by […]

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  • Over 70 – Life Insurance – Is This for You?

    by Linda Thibeault on 2017-10-12 at 04:55If you is perhaps over 70, life insurance may be one factor you is perhaps considering. Many of us attain our golden years and won’t have saved as quite a bit as we would have beloved. One issue you’ll be able to do is current the funds for your loved ones members to pay the […] […]

  • Halloween Safety Tips for Trick or Treaters, Drivers and Homeowners

    by Dana Stone on 2017-10-04 at 12:43Halloween is large…very enormous. The National Retail Federation estimates that patrons will spend better than $9.1 billion on Halloween devices this 12 months, an 8.3 p.c enhance from 2016. You don’t should look any extra than your particular person neighborhood to see that it has […]

  • Five Ways An Independent NH Insurance Agent Will Benefit You

    by Dana Stone on 2017-10-03 at 06:30Whether you’re searching the net, listening to the radio, or watching television, you may be most probably acutely aware of the multitude of insurance corporations promising large monetary financial savings in your protection in merely minutes. Though these commercials is also engaging, it is […]

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Insurance Roundup, October 13, 2017


Global Risk Insights

Claims Journal

  • California Clears Way for Self-Driving Cars

    on 2017-10-13 at 10:21California regulators took an important step Wednesday to clear the road for everyday people to get self-driving cars. The state’s Department of Motor Vehicles published proposed rules that would govern the technology within California, where for several years manufacturers have […]

  • Meteorology Professor Studies Tornado Fingerprints

    on 2017-10-13 at 09:17Less than a decade ago, Victor Gensini was a student at Northern Illinois University studying meteorology. After earning a bachelor’s degree in meteorology and a master’s degree in geography at NIU, he earned his Ph.D. from the University of Georgia […]

  • Report Says Key Changes Needed to Prevent Oil Rail Disasters

    on 2017-10-13 at 09:11A prestigious scientific organization on Wednesday called for more frequent and better inspections of freight railroad tracks to prevent potentially catastrophic oil and ethanol train crashes. A report by the National Academies of Sciences also urged better training for emergency […]

  • FAA Drone Panel Can’t Agree on Need for Security Measures

    on 2017-10-13 at 08:57A panel of industry and law enforcement officials couldn’t agree on how civilian drones should be tracked by authorities, adding uncertainty to the push for expanded commercial uses. The advisory committee, established earlier this year by the Federal Aviation Administration, […]

  • Prominent New Orleans Attorney Suspended For Mishandling Insurance Claim

    on 2017-10-13 at 08:26Prominent New Orleans civil attorney Joseph Bruno Sr. has been suspended from practicing law for 30 days after Louisiana’s Supreme Court found he was negligent in handling an insurance claim. Bruno was previously disciplined in 1989, while he was part […]

  • St. Louis Cardinals’ Safety Act Proposal Gets Senator Backing

    on 2017-10-13 at 08:06Sen. Claire McCaskill on Wednesday asked the Department of Homeland Security to give “full consideration” to the St. Louis Cardinals’ request for certification that would give the team certain legal protections in the event of a terrorist attack at Busch […]

  • Business News: IBM, Med-IQ, Octo Telematics

    on 2017-10-13 at 08:02IBM Introduces Industry Platform Designed Specifically for Insurers IBM announced it is building an insurance platform on the IBM Cloud that aims to improve the processes and economics for new product development, underwriting and benefits delivery. Built in collaboration with […]

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Insurance Roundup, October 12, 2017


Global Risk Insights

Claims Journal

  • Death Toll Climbs to 14 for Florida Nursing Home That Lost AC in Irma

    on 2017-10-12 at 09:09Two women who lived at a Florida nursing home that lost air conditioning during Hurricane Irma have died, bringing to 14 the number of fatalities linked to the home. Cecilia Franco, 90, and Francesca Andrade, 95, died from ailments suffered […]

  • P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence

    on 2017-10-12 at 09:06Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and […]

  • After Hurricanes Focus Turns to Assessing the Effectiveness of Building Code Adoption

    by Denise Johnson on 2017-10-12 at 08:27As residents and businesses continue to recover after Hurricanes Harvey and Irma, focus is beginning to turn to mitigation. In Florida, where experts say better buildings codes resulted from Hurricane Andrew 25 years ago, analysis will include how improved codes […]

  • Survey Finds Businesses Miss Opportunities to Employ Disabled Workers

    on 2017-10-12 at 08:21Most employers have effective programs for accommodating workers with disabilities, but they often overlook recruiting and training practices that could expand employment opportunities, according to a national survey released Tuesday. Two-thirds of respondents to the poll of supervising employees […]

  • Japan Court Orders Government, Utility Accountable in Fukushima Accident

    on 2017-10-12 at 08:12A Japanese court on Tuesday ordered the government and the operator of the Fukushima nuclear plant to pay 500 million yen ($4.5 million) to thousands of area residents and evacuees who were demanding compensation for their livelihoods lost in the […]

  • Wildfires Destroy 2 California Wineries, Heavily Damage Others

    on 2017-10-11 at 16:56Workers in Northern California’s renowned wine country picked through charred debris and weighed what to do with pricey grapes after wildfires swept through lush vineyards and destroyed at least two wineries and damaged many others. The wind-driven wildfires erupted as […]

  • Alaska North Slope Storm Causes Estimated $10M in Damage

    on 2017-10-11 at 16:31Damages from a recent storm in Alaska’s North Slope could end up costing the regional government more than $10 million, and a damaged road in the nation’s northernmost town could keep whalers from an important subsistence area. North Slope Borough […]

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  • Halloween Safety Tips for Trick or Treaters, Drivers and Homeowners

    by Dana Stone on 2017-10-04 at 12:43Halloween is large…very enormous. The National Retail Federation estimates that patrons will spend better than $9.1 billion on Halloween devices this 12 months, an 8.3 p.c enhance from 2016. You don’t should look any extra than your particular person neighborhood to see that it has […]

  • Five Ways An Independent NH Insurance Agent Will Benefit You

    by Dana Stone on 2017-10-03 at 06:30Whether you’re searching the net, listening to the radio, or watching television, you may be most probably acutely aware of the multitude of insurance corporations promising large monetary financial savings in your protection in merely minutes. Though these commercials is also engaging, it is […]

  • Top 10 Money-wasters for Group Health Insurance Benefits

    by Dana Stone on 2017-10-03 at 06:18As an employer or a participant chances are you’ll be leaving money on the desk by not appropriately cashing in on certain choices and benefits of your group’s effectively being insurance. As a licensed Consultant and Group Benefits Brokerage agency, with purchasers all through the […]

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Insurance Roundup, October 11, 2017


Global Risk Insights

  • India’s Aadhaar programme and the future of biometrics

    by Peter Hays on 2017-10-10 at 20:35India’s biometric identification programme, Aadhaar, has gone from an optional program to a mandatory one and is collecting more data than ever expected. The post India’s Aadhaar programme and the future of biometrics appeared first on Global Risk Insights. […]

  • Special Report: Seven things to watch at China’s 19th Party Congress

    by James Tunningley on 2017-10-10 at 18:41The lead-up to China’s 19th Party Congress has been filled with uncertainty. GRI presents this guide of what to watch for during the coming weeks. The post Special Report: Seven things to watch at China’s 19th Party Congress appeared first on Global Risk Insights. […]

  • No winners: lessons from Brexit for the Catalan referendum

    by Niall Walsh on 2017-10-10 at 17:54The Catalan independence referendum leads to a heightened risk of political uncertainty in Spain and highlights some EU structural flaws. The post No winners: lessons from Brexit for the Catalan referendum appeared first on Global Risk Insights. […]

  • Australia’s ballistic missile defence options

    by Charles Lyons Jones on 2017-10-09 at 17:57Australia increasingly faces the need to address the North Korean missile threat by developing a domestic ballistic missile defence system. The post Australia’s ballistic missile defence options appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Luke Iott on 2017-10-09 at 14:07Japan prepares for snap election amid heightened tensions with North Korea. Catalan parliament declares independence. Major exporters balk at Brexit WTO arrangements. International Contact Group discusses Afghan peace process in Russia. All The post The Week Ahead appeared first on Global […]

Claims Journal

  • EEOC Getting a Pro-Business Makeover

    on 2017-10-11 at 09:24The federal agency tasked with combating workplace discrimination is about to get a Republican majority for the first time in a decade, inspiring relief among employers and anxiety among workers’ rights advocates. President Donald Trump’s picks for the Equal Employment […]

  • Man Blinded in Eye by Foul Ball Sues Chicago Cubs

    on 2017-10-11 at 09:11A man who was left blind in one eye – at least temporarily – and may ultimately lose the eye after a foul ball struck him in the face at Wrigley Field this summer has filed a lawsuit against the […]

  • Best Methods for Setting Aside a Default Judgment

    on 2017-10-11 at 08:25Participating in a lawsuit can be like playing a game of football. There is an offense, a defense, and for those who are not interested, they can seemingly last forever. For both, the defense has one priority: do not let […]

  • FEMA Head Points to Politics as Reason for Slowed Response in Puerto Rico

    on 2017-10-11 at 08:17The Trump administration’s emergency management director said political infighting in Puerto Rico has slowed the pace of recovery from Hurricane Maria. “Politics between Republicans and Democrats is bad enough – but in Puerto Rico, politics is even worse,” Brock Long, […]

  • Engineers Say Mexico Quake Deaths Could Have Been Prevented

    on 2017-10-11 at 08:02Warm lighting would enhance the wood floors’ natural glow, the developer promised, so when all the custom lightbulbs burnt out, Anahi Abadia and her husband grudgingly drove to Home Depot to replenish supplies for their chic new flat in central […]

  • Snorkeling Top Cause of Tourist Drownings in Hawaii

    on 2017-10-10 at 15:13Hawaii officials are working to raise awareness of the top cause of drowning for people visiting Hawaii: snorkeling. Out of 650 ocean drownings from 2007 to 2016, the state Department of Health has recorded 169 as related to the common […]

  • High Cost to Protecting Arctic Towns From Tsunamis, Icebergs

    on 2017-10-10 at 14:51An island with a 3,893-foot granite mountain juts out of the icy ocean in Greenland’s Karrat Fjord. Beside icebergs the size of football fields lies the seaside village of Uummannaq, which served for centuries as an economic hub until it […]

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  • New Zealand: Fault line could trigger megathrust quake

    on 2017-10-11 at 21:47An 8.4 magnitude quake off the eastern coast of New Zealand could release 2,000 times more energy than the 2011 Christchurch earthquake, and could cause a “megathrust” earthquake. […]

  • India: Standalone health insurers to bask in rapid growth

    on 2017-10-11 at 21:47Standalone health insurers are set to grow on the back of rising medical costs and heavy dependence on private medical care. […]

  • China: Insurers to see mixed solvency trend

    on 2017-10-11 at 21:47The Chinese insurance sector sees mixed prospects for solvency ratios, with the ratio rising in the first half of 2017 for life insurers, ending the decline seen in 2016, while that for P&C companies continued to fall, says Moody’s Investors Service in a report issued yesterday. […]

  • Malaysia: AIA Group denies ongoing talks to reduce stake

    on 2017-10-11 at 21:47Leading pan-Asian life insurance group, AIA Group, has dismissed speculation that the company is in talks to reduce its stake in its operation in Malaysia. […]

  • Pakistan: InsuResilience fund takes 25% stake in insurer

    on 2017-10-11 at 21:47The InsuResilience Investment Fund (IIF) has entered into an agreement to acquire a significant minority stake in Lahore-based Asia Insurance, a general insurer offering agriculture insurance to over 100,000 farmers in Pakistan. […]

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Insurance Roundup, October 10, 2017


Global Risk Insights

  • Australia’s ballistic missile defence options

    by Charles Lyons Jones on 2017-10-09 at 17:57Australia increasingly faces the need to address the North Korean missile threat by developing a domestic ballistic missile defence system. The post Australia’s ballistic missile defence options appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Luke Iott on 2017-10-09 at 14:07Japan prepares for snap election amid heightened tensions with North Korea. Catalan parliament declares independence. Major exporters balk at Brexit WTO arrangements. International Contact Group discusses Afghan peace process in Russia. All The post The Week Ahead appeared first on Global […]

  • Will Colombia be able to capitalize on FARC peace deal to boost growth?

    by Samuel Schofield on 2017-10-08 at 16:52Colombia finds itself at a critical impasse where certain decisions in the next six months could push it toward an economic boom or serious destabilization. The post Will Colombia be able to capitalize on FARC peace deal to boost growth? appeared first on Global Risk Insights. […]

  • What next for Suu Kyi, Myanmar and the Rohingya?

    by Alexander Macleod on 2017-10-07 at 20:52The plight of the Rohingya once again dominates international media headlines. But even though Suu Kyi is reluctant to stop the attacks, geopolitical interests are likely to prevail over any The post What next for Suu Kyi, Myanmar and the Rohingya? appeared first on Global Risk Insights. […]

  • Is a new civil war looming over Algeria?

    by Anas Abdoun on 2017-10-07 at 20:39The bleak economic situation of Algeria increases the country’s political risk outlook in the coming years The post Is a new civil war looming over Algeria? appeared first on Global Risk Insights. […]

Claims Journal

  • FEMA to Release New Coastal Flood Map in Georgia

    on 2017-10-10 at 09:48Experts say a new federal flood map of Glynn County along Georgia’s coast may lower insurance premiums next year – but not the risk of flooding. The updated Flood Insurance Rate Map, drawn by the Federal Emergency Management Agency, will […]

  • UM Policy Limits Turn on Number of ‘Accidents’ Caused by At Fault Motorist

    by Richard Wolf on 2017-10-10 at 09:34Following a well-worn path of decisions from other states, the Supreme Court of Wyoming adopted the prevalent of three legal theories to decide the meaning of “any one accident” found in standardized Uninsured Motorist (UM) policy limit language of automobile […]

  • Concussion Fear Leads to Suburban Chicago Prep Football Decline

    on 2017-10-10 at 08:54The fear of long-term brain injury from concussions is contributing to a “Friday Night Flight,” with participation in prep football declining in the past decade, according to a survey of suburban Chicago schools. The review of gridiron gusto at 87 […]

  • Delaware Panel Considers Health, Workplace Safety Issues of Legalized Pot

    on 2017-10-10 at 08:03As Delaware lawmakers consider legalizing recreational marijuana they should take a go-slow approach and address a wide range of health and safety concerns, members of a special task force were told Wednesday. “Keep it simple. Keep it restricted,” John Yeomans, […]

  • Damages from Weaker Nate Could Still Reach $2.5 Billion

    on 2017-10-09 at 15:23Oil companies were heading back into the Gulf of Mexico and working to restore operations after Hurricane Nate fizzled out over the U.S. South on Sunday. While an estimated 93 percent of U.S. oil production in the Gulf was still […]

  • Weakened Nate Brings Rain and Tornado Warnings to South

    on 2017-10-09 at 15:05Hurricane Nate weakened to a tropical depression on Sunday after coming ashore in Mississippi, flooding roads and buildings but sparing the state from catastrophic damages. Maximum sustained winds from Nate, the fourth major storm to hit the United States in […]

  • Trump: End Flood Insurance for New Homes Built in Flood-Prone Areas

    on 2017-10-09 at 09:47President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and along the Eastern Seaboard. Trump’s plan would radically […]

Insurance Journal

  • Beazley Begins Underwriting at New Dublin-Based Subsidiary

    on 2017-10-10 at 13:05Specialist insurer Beazley has underwritten its first policies through its new Dublin-based insurance company, which was authorized by the Central Bank of Ireland in July. The company, Beazley Insurance, is rated “A” by A.M. Best and “will play a key […]

  • New Jersey’s World Insurance Associates Names Costa as COO

    on 2017-10-10 at 13:04World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., recently named Frank P. Costa as chief operating officer. Costa’s contribution to World Insurance is focused on enhancing the synergies between clients, colleagues, carriers and strategic […]

  • Massachusetts’ Kaplansky Insurance Hires Stanton

    on 2017-10-10 at 12:57Kaplansky Insurance, a Needham, Mass.-based provider of personal and commercial insurance products, has appointed Donna Stanton as director of business development, effective immediately. In her new role, Stanton will mentor Kaplansky’s growing sales team. She will also be responsible for […]

  • Is It Time to Say So Long to Social Security Numbers?

    by Andrew G. Simpson on 2017-10-10 at 12:44The Trump administration is exploring ways to replace the use of Social Security numbers as the main method of assuring people’s identities in the wake of consumer credit agency Equifax Inc.’s massive data breach. The administration has called on federal […]

  • About 10,000 Without Power in North Carolina After Storms

    on 2017-10-10 at 12:44About 10,000 customers were without electricity in North Carolina yesterday after storms associated with Tropical Storm Nate moved across the state. Duke Energy reported the outages were worst on Monday in Macon and Polk counties in the western part of […]

  • More Work Still Needed to Rebuild West Virginia Town

    by Elizabeth Blosfield on 2017-10-10 at 12:34It has been two months since heavy rain swelled the waters of Fish Creek and drenched the town of Hundred, West Virginia, and its residents under several feet of water. The night it happened is stuck in the minds of […]

  • New Flood Maps Coming to Georgia Coast, but Flood Risk Remains

    on 2017-10-10 at 12:13Experts say a new federal flood map of Glynn County along Georgia’s coast may lower insurance premiums next year – but not the risk of flooding. The updated Flood Insurance Rate Map, drawn by the Federal Emergency Management Agency, will […]

Asia Insurance Review

  • Japan: Drones help insurers speed up claim payouts

    on 2017-10-10 at 21:07The non-life insurance industry in Japan is increasingly using small unmanned drones to assess damage suffered in disasters in an effort to enable speedier post-disaster payouts. […]

  • China: Total premiums shoot up by 20% in Jan-August period

    on 2017-10-10 at 21:07Total premium income for China’s insurance industry in the January-August period rose by 20.5% from a year earlier to CNY2.77 trillion (US$418.4 billion), data from the country’s insurance regulator showed yesterday. […]

  • India: Reliance General likely to be listed by March 2018

    on 2017-10-10 at 21:07Reliance General Insurance, part of the Anil Ambani-led Reliance Group, yesterday filed draft papers with the capital market regulator Securities and Exchange Board of India (SEBI) for an initial public offer. The insurer’s shares are expected to get listed in the current financial year ending 31 […]

  • Australia: 9% of travellers go abroad without insurance

    on 2017-10-10 at 21:07One in 10 (9%) Australians went without insurance on the most recent occasion they travelled overseas, and 52% of uninsured travellers are likely to participate in risky behaviour, like water sports or rock climbing, according to the most recent Survey of Australians’ Travel Insurance Behaviour, […]

  • Sri Lanka: Reinsurer to draw up plan for crop insurance

    on 2017-10-10 at 21:07Sri Lanka’s state-run reinsurer, the National Insurance Trust Fund (NITF), will prepare a plan to insure key agricultural crops for up to LKR40,000 (US$261) an acre against natural disasters. […]

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Insurance Roundup, October 9, 2017


Global Risk Insights

  • Will Colombia be able to capitalize on FARC peace deal to boost growth?

    by Samuel Schofield on 2017-10-08 at 16:52Colombia finds itself at a critical impasse where certain decisions in the next six months could push it toward an economic boom or serious destabilization. The post Will Colombia be able to capitalize on FARC peace deal to boost growth? appeared first on Global Risk Insights. […]

  • What next for Suu Kyi, Myanmar and the Rohingya?

    by Alexander Macleod on 2017-10-07 at 20:52The plight of the Rohingya once again dominates international media headlines. But even though Suu Kyi is reluctant to stop the attacks, geopolitical interests are likely to prevail over any The post What next for Suu Kyi, Myanmar and the Rohingya? appeared first on Global Risk Insights. […]

  • Is a new civil war looming over Algeria?

    by Anas Abdoun on 2017-10-07 at 20:39The bleak economic situation of Algeria increases the country’s political risk outlook in the coming years The post Is a new civil war looming over Algeria? appeared first on Global Risk Insights. […]

  • Challenges for China: The path towards a knowledge economy

    by Robyn Kelly-Meyrick on 2017-10-07 at 13:26Despite the presence of structural challenges, a knowledge economy does not seem likely to lead to the stability of China and may lead to further growth. The post Challenges for China: The path towards a knowledge economy appeared first on Global Risk Insights. […]

  • Article 9 and Japan’s missile defence dilemma

    by Charles Lyons Jones on 2017-10-05 at 17:00North Korea’s recent missile tests raised new questions about the Japanese Constitution and the effectiveness of Japan missile defence strategy. The post Article 9 and Japan’s missile defence dilemma appeared first on Global Risk Insights. […]

Claims Journal

  • Trump: End Flood Insurance for New Homes Built in Flood-Prone Areas

    on 2017-10-09 at 09:47President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and along the Eastern Seaboard. Trump’s plan would radically […]

  • California Commuter Transit Agency Fined $220,000 in Workers’ Deaths

    on 2017-10-09 at 09:08A Northern California judge fined the Bay Area Rapid Transit agency $220,000 on Friday for the deaths of two workers accidentally hit by a commuter train. Laurence Daniels, 66, and Christopher Sheppard, 58, were killed in 2013 while inspecting a […]

  • U.S. Already Ties Record Year for Costly Weather Disasters

    on 2017-10-09 at 08:42Howling winds, deadly floods, fire and ice so far this year have pushed the U.S. into a tie for weather disasters that topped $1 billion in damages. There have been 15 costly disasters through September, tying 2011 for the most […]

  • Texas Delegation Requests $19B in Additional Harvey Aid

    on 2017-10-09 at 08:41The Texas congressional delegation asked Thursday for $19 billion to help the Lone Star State recover from Harvey, with both Republicans and Democrats teaming up behind a request to repair water projects and help homeowners and communities rebuild from the […]

  • Don’t Blame Texting for Rising Traffic Deaths in the U.S.

    on 2017-10-09 at 08:38Traffic fatalities in the U.S. rose for the second-straight year in 2016 despite a dip in crash deaths linked to distracted driving, according to data released by federal highway safety regulators. Some 37,461 people died in vehicle collisions in 2016, […]

  • Citrus Crop Thefts Raise Concerns in South Texas

    on 2017-10-06 at 14:32When it comes to commodity theft, Texas probably is best-known for cattle rustling. The Valley Morning Star reports now the state – or at least the Rio Grande Valley – is earning a reputation for citrus thievery, too. Texas is […]

  • Fraud News: FEMA and Disaster Aid Fraud, Staged Crashes, Mobile Home Arson

    on 2017-10-06 at 14:14Woman Accused of Stealing IDs to Get $150K in FEMA Money A Louisiana woman is accused of using stolen IDs to apply for $150,000 in disaster unemployment assistance after the August 2016 floods in Louisiana. The U.S. Attorney’s Office in […]

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Insurance Roundup, October 6, 2017


Global Risk Insights

  • Article 9 and Japan’s missile defence dilemma

    by Charles Lyons Jones on 2017-10-05 at 17:00North Korea’s recent missile tests raised new questions about the Japanese Constitution and the effectiveness of Japan missile defence strategy. The post Article 9 and Japan’s missile defence dilemma appeared first on Global Risk Insights. […]

  • The one thing that could make Trump move on gun control

    by GRI Editor-in-Chief, Alisa Lockwood on 2017-10-02 at 17:42In the aftermath of the mass shooting in Las Vegas, there will be renewed calls for tighter gun control in the US. A ban on assault weapons, longer waiting periods, The post The one thing that could make Trump move on gun control appeared first on Global Risk Insights. […]

  • How a shrinking Islamic State creates new risks in Europe

    by Riccardo Dugulin on 2017-10-02 at 12:00As the Islamic State loses territory, Europe will almost certainly continue to face an elevated risk of crude attacks conducted by radical Islamists The post How a shrinking Islamic State creates new risks in Europe appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Global Risk Insights on 2017-10-02 at 06:00King Salman travels to Moscow. En+ Group to issue IPO. Mercosur and EU talk trade. Pakistani PM Sharif may reemerge as party leader. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Guest Post: Is Venezuela experiencing resistance fatigue?

    by Global Risk Insights on 2017-10-01 at 19:05Food and medicine shortages in Venezuela are growing increasingly severe, inflation levels are rising, and many citizens are struggling to meet their basic needs. Despite these circumstances, Venezuelans continue to The post Guest Post: Is Venezuela experiencing resistance fatigue? appeared first […]

Claims Journal

  • What is Your Company’s Worst Claims Writing Problem?

    by Gary Blake on 2017-10-06 at 09:53Today, the Claims Writing Coach is taking a brief reader survey to found out the most embarrassing or costly writing errors you see throughout your department or company. Once I have your answers, I can then focus my column more […]

  • Most American Think Their Jobs Are Safe From Automation

    on 2017-10-06 at 09:29Most Americans believe their jobs are safe from the spread of automation and robotics, at least during their lifetimes, and only a handful says automation has cost them a job or loss of income. Still, a survey by the Pew […]

  • Accident Report Prices Vary By State, Investigating Agency

    on 2017-10-06 at 08:32Motorists who are involved in an accident investigated by state police can now obtain a report online, but at $22, it will cost more than local departments charge. However, some local police chiefs say a motorist shouldn’t have to incur […]

  • Buyer’s Market Brewing for Cars Deemed Total Losses After Hurricanes

    on 2017-10-06 at 08:04The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran began trying to buy his vehicle back after Hurricane Matthew last year. The insurance adjustor had declared the vehicle ruined […]

  • Business News: Berkley Re Solutions, Roost, Pie

    on 2017-10-05 at 13:51Berkley Re Direct Renamed Berkley Re Solutions Berkley Re Direct announced today that it has changed its name to Berkley Re Solutions. On the evolution of the operating unit’s name. The culture at Berkley Re Solutions encourages all employees to […]

  • Senators Consider Bill to Exempt Some Safety Standards on Self-Driving Cars

    on 2017-10-05 at 13:45A bill to clear away obstacles to a new era of self-driving cars is facing opposition from safety advocates who say it would give automakers free rein to put unsafe vehicles on the road. A Senate panel was scheduled to […]

  • After Hurricanes White House Seeks $29B Disaster Aid Package

    on 2017-10-05 at 13:25The Trump administration is finalizing a $29 billion disaster aid package that combines $16 billion to shore up the government-backed flood insurance program with almost $13 billion in new relief for hurricane victims, according to a senior administration official and […]

Insurance Journal

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Insurance Roundup, October 5, 2017


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Asia Insurance Review

  • South Korea: More car owners buy auto insurance online

    on 2017-10-05 at 20:43An increasing number of South Korean consumers are buying auto insurance online in search of lower premiums and more convenience, according to the Korea Insurance Development Institute (KIDI). […]

  • Taiwan: FSC chief says international bond risks to be studied

    on 2017-10-05 at 20:43Taiwan’s Financial Supervisory Commission chairman Wellington Koo has said that the regulator has no intention of freezing insurers’ investments in international bonds. Instead, he called for research and discussions on the risk surrounding investments in such bonds. […]

  • India: GIC Re to launch insurance industry’s biggest IPO on 11 Oct

    on 2017-10-05 at 20:43India’s only state-owned reinsurer, General Insurance Corporation of India (GIC Re), will launch its IPO next Wednesday, 11 October, aimed at raising INR115 billion (US$1.77 billion), which would make it the biggest share offer since Coal India raised INR152 billion in October 2010. […]

  • Pakistan: Regulator to widen scope of mandatory group life schemes

    on 2017-10-05 at 20:43The Securities and Exchange Commission of Pakistan (SECP) has drafted measures to improve the implementation of Compulsory Group Life Insurance (CGLI) schemes. […]

  • Australia: 75% of Cyclone Debbie claims settled so far

    on 2017-10-05 at 20:43More than 75% of insurance claims lodged following Cyclone Debbie have been closed just six months after the Category Four cyclone struck the Queensland coast near Airlie Beach, says the Insurance Council of Australia (ICA). […]

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Insurance Roundup, October 4, 2017


Global Risk Insights

  • The one thing that could make Trump move on gun control

    by GRI Editor-in-Chief, Alisa Lockwood on 2017-10-02 at 17:42In the aftermath of the mass shooting in Las Vegas, there will be renewed calls for tighter gun control in the US. A ban on assault weapons, longer waiting periods, The post The one thing that could make Trump move on gun control appeared first on Global Risk Insights. […]

  • How a shrinking Islamic State creates new risks in Europe

    by Riccardo Dugulin on 2017-10-02 at 12:00As the Islamic State loses territory, Europe will almost certainly continue to face an elevated risk of crude attacks conducted by radical Islamists The post How a shrinking Islamic State creates new risks in Europe appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Global Risk Insights on 2017-10-02 at 06:00King Salman travels to Moscow. En+ Group to issue IPO. Mercosur and EU talk trade. Pakistani PM Sharif may reemerge as party leader. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Guest Post: Is Venezuela experiencing resistance fatigue?

    by Global Risk Insights on 2017-10-01 at 19:05Food and medicine shortages in Venezuela are growing increasingly severe, inflation levels are rising, and many citizens are struggling to meet their basic needs. Despite these circumstances, Venezuelans continue to The post Guest Post: Is Venezuela experiencing resistance fatigue? appeared first […]

  • Saudi Arabia’s escalating foreign Policy: the Qatar crisis is just the beginning

    by Ben Abbs on 2017-10-01 at 16:11Saudi Arabia is losing the shadow war against Iran. The Qatar crisis was a reaction to failures, but will likely drive Saudi to greater extremes. The post Saudi Arabia’s escalating foreign Policy: the Qatar crisis is just the beginning appeared first on Global Risk Insights. […]

Claims Journal

Insurance Journal

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Insurance Roundup, October 3, 2017


Global Risk Insights

  • The one thing that could make Trump move on gun control

    by GRI Editor-in-Chief, Alisa Lockwood on 2017-10-02 at 17:42In the aftermath of the mass shooting in Las Vegas, there will be renewed calls for tighter gun control in the US. A ban on assault weapons, longer waiting periods, The post The one thing that could make Trump move on gun control appeared first on Global Risk Insights. […]

  • How a shrinking Islamic State creates new risks in Europe

    by Riccardo Dugulin on 2017-10-02 at 12:00As the Islamic State loses territory, Europe will almost certainly continue to face an elevated risk of crude attacks conducted by radical Islamists The post How a shrinking Islamic State creates new risks in Europe appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Global Risk Insights on 2017-10-02 at 06:00King Salman travels to Moscow. En+ Group to issue IPO. Mercosur and EU talk trade. Pakistani PM Sharif may reemerge as party leader. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Guest Post: Is Venezuela experiencing resistance fatigue?

    by Global Risk Insights on 2017-10-01 at 19:05Food and medicine shortages in Venezuela are growing increasingly severe, inflation levels are rising, and many citizens are struggling to meet their basic needs. Despite these circumstances, Venezuelans continue to The post Guest Post: Is Venezuela experiencing resistance fatigue? appeared first […]

  • Saudi Arabia’s escalating foreign Policy: the Qatar crisis is just the beginning

    by Ben Abbs on 2017-10-01 at 16:11Saudi Arabia is losing the shadow war against Iran. The Qatar crisis was a reaction to failures, but will likely drive Saudi to greater extremes. The post Saudi Arabia’s escalating foreign Policy: the Qatar crisis is just the beginning appeared first on Global Risk Insights. […]

Claims Journal

  • Coast Guard Report Points to Captain Errors as Cause of El Faro Sinking

    on 2017-10-03 at 08:59A Coast Guard report released Sunday says the primary cause of the 2015 sinking of the cargo ship El Faro, which killed all 33 aboard, was the captain underestimating the strength of a hurricane and overestimating the ship’s strength. The […]

  • Geologist Allays Concerns, Yosemite Rock Falls Don’t Mean More Danger

    on 2017-10-03 at 08:53Rock falls that killed a British tourist and injured two other people in Yosemite National Park aren’t stopping climbers intent on scaling the sheer walls of El Capitan and a park geologist says there’s no more danger than usual. “If […]

  • The Recorded Statement and the Art of Storytelling

    on 2017-10-03 at 08:28Taking a claimant’s recorded statement is often a required portion of your claims investigation process, and for good reason. The statement may impact your decision to accept or deny a claim, as it usually provides valuable information regarding the mechanism […]

  • Irma’s Destruction of Mobile Homes Challenges Florida Keys’ Recovery

    on 2017-10-03 at 07:13Architect Kobi Karp has a vision for affordable housing in the Florida Keys: residences set at coconut-tree height to keep them dry, atop concrete columns holding them in place. Key West clients sought out his designs before Hurricane Irma struck […]

  • Vegas Mass Shooting Heightens Live Event Safety Concerns

    on 2017-10-02 at 17:53The shooting attack at a Las Vegas concert on Sunday night that killed at least 50 people is the latest in a series of massacres in recent years that are reshaping the live-events industry. The attack by a solo gunman […]

  • Florida’s Hurricane Irma Debris Could Linger for Months

    on 2017-10-02 at 16:17Officials across the state of Florida say the cleanup of debris left in Hurricane Irma‘s wake could last until the end of hurricane season. In the hard-hit Florida Keys, Monroe County officials say 400 members of the Florida National Guard […]

  • Processing of Harvey Flood-Damaged Cars Continues, Boost in Car Sales Seen

    on 2017-10-02 at 14:58As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet interior and center console full of water, he knew it was a lost cause. He just hoped his insurance company […]

Insurance Journal

Asia Insurance Review

  • Australia: 2 in 3 homeowners clueless about home content insurance

    on 2017-10-03 at 17:26Two in three homeowners in Australia do not know the value of their possessions nor what they are insured for, research by Comparethemarket.com.au shows. […]

  • Philippines: Push to amend govt-owned insurer’s charter

    on 2017-10-03 at 17:26A lawmaker has urged the Congress to pass a measure to amend the charter of the government-owned Philippine Crop Insurance Corp (PCIC) so it could offer index-based insurance coverage and engage in reinsurance. […]

  • Myanmar: Govt ready to issue more insurance licences

    on 2017-10-03 at 17:26The government has already approved the insurance market liberalisation plan drafted by the Insurance Business Regulatory Board, said Thant Zin, Director General of the Financial Regulatory Department (FRD) operating under the Ministry of Planning and Finance. […]

  • India: IRDAI makes disclosure of death claims clearer

    on 2017-10-03 at 17:26The insurance regulator IRDAI recently issued a circular directing life insurance companies to follow a standard practice in communicating death claims data in their advertisements. […]

  • China: Bad air cuts life expectancy by more than 3 years

    on 2017-10-03 at 17:26Air pollution caused by coal-fired winter heating has slashed life expectancy in northern China by more than three years compared with the south, reported Reuters citing the results of a new study. […]

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