Insurance Roundup, August 18, 2017


Global Risk Insights

  • Implications of Iran gas deal with France’s Total

    by Leo Kabouche on 2017-08-15 at 12:00Iran has concluded a $5.9 billion deal with a consortium led by French Total, a victory for Hassan Rouhani’s administration and even prospective investors. The post Implications of Iran gas deal with France’s Total appeared first on Global Risk Insights. […]

  • The Great Firewall takes on VPNs

    by Joanna Eva on 2017-08-14 at 12:00China’s Security Council seems bent on expanding internet restrictions nationwide. Following new legislation in June this year, the crackdown has been swift: even major firms such as Apple and Whatsapp are on the chopping block. The recent banning of VPN services has huge implications for […]

  • The Week Ahead

    by Luke Iott on 2017-08-14 at 06:05Countries move to deescalate tensions between North Korea and the United States. UK may further signal its Brexit intentions with Ireland amid customs position papers. EBRD and Egypt to sign The post The Week Ahead appeared first on Global Risk Insights. […]

  • Three problems facing Spain’s government today

    by Robert Ledger on 2017-08-12 at 12:00The medium term outlook in Spain is under pressure from three issues. Its politicians will have to act judiciously to avoid a constitutional crisis. The post Three problems facing Spain’s government today appeared first on Global Risk Insights. […]

  • Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan

    by Jeremy Luedi on 2017-08-11 at 20:42There is far more at stake than 34 square kilometers of desolate, windswept rocks. Doklam shows that old habits die hard, and Bhutan is stuck in the middle. The post Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan appeared first on Global […]

Claims Journal

  • Business News: Travelers, ISO, IAIABC

    on 2017-08-18 at 09:24Travelers Completes Acquisition of UK-Based Simply Business The Travelers Companies, Inc.completed its previously announced acquisition of Simply Business, a leading provider of small business insurance policies in the United Kingdom, offering products online on behalf of a broad panel of […]

  • Express Scripts Announces Drug Will Be Limited for First Time Opioid Users

    on 2017-08-18 at 09:14The nation’s largest pharmacy benefit manager will soon limit the number and strength of opioid drugs prescribed to first-time users as part of a wide-ranging effort to curb an epidemic affecting millions of Americans. But the new program from Express […]

  • Louisiana Governor Wants to Broaden Homeowner Flood Grants

    on 2017-08-18 at 08:39Gov. John Bel Edwards announced Wednesday he wants to broaden Louisiana’s flood aid program to include homeowners whose flood insurance proceeds didn’t cover their rebuilding costs and to boost grant amounts. Initial limits setting homeowner eligibility for the rebuilding aid […]

  • Defense Lawyer Questions Charges in Massive Utah Wildfire

    on 2017-08-18 at 08:10A defense attorney questioned misdemeanor charges against a man accused of accidentally sparking a massive Utah wildfire that destroyed 13 homes and cost some $40 million to fight. Attorney Andrew Deiss said after a Tuesday court hearing that part of […]

  • Swiss Re: Much Lower Catastrophe Costs in First Half of 2017 Versus 2016

    on 2017-08-17 at 17:35According to preliminary sigma estimates, global total economic losses from natural catastrophes and man-made disasters in the first half of 2017 were $44 billion. That was well below the first half annual average of $120 billion of the last 10 […]

Insurance Journal

Asia Insurance Review

  • China: Govt vows freer market access for foreign investors

    on 2017-08-18 at 20:41China will lower market access thresholds in areas like the insurance, banking and securities industries and expand the early negative list for management to attract more foreign investments, the State Council has said. […]

  • Vietnam: Govt to ease market access for foreign insurers

    on 2017-08-18 at 20:41The Vietnamese Government will work to raise public awareness of life insurance and formulate more relevant policies to make it easier for companies, including AIA, to participate in the local insurance market, says Deputy Prime Minister Vuong Dinh Hue. […]

  • Malaysia: Group captives among SMEs seen as next wave of captive insurers

    on 2017-08-18 at 20:41The overlapping markets of the mutual, captive and takaful industries are likely to provide an important impetus for the wider use of group captives among small and medium-sized enterprises (SMEs), Bank Negara Malaysia governor Mr Muhammad Ibrahim has said. […]

  • India: Gen Re receives final licence to start operations

    on 2017-08-18 at 20:41Gen Re, a member of the Berkshire Hathaway family of companies, has kicked off its operations in India after receiving the final licence from the IRDAI. […]

  • Australia: Panel wants more transparency in non-life mart

    on 2017-08-18 at 20:41A lack of transparency in the general insurance industry with regard to disclosure has resulted in significant barriers to consumers’ ability to make efficient use of product information. This issue is exacerbated by the inherent complexity of general insurance products, says the Senate Standing […]

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Insurance Roundup, August 17, 2017


Global Risk Insights

  • Implications of Iran gas deal with France’s Total

    by Leo Kabouche on 2017-08-15 at 12:00Iran has concluded a $5.9 billion deal with a consortium led by French Total, a victory for Hassan Rouhani’s administration and even prospective investors. The post Implications of Iran gas deal with France’s Total appeared first on Global Risk Insights. […]

  • The Great Firewall takes on VPNs

    by Joanna Eva on 2017-08-14 at 12:00China’s Security Council seems bent on expanding internet restrictions nationwide. Following new legislation in June this year, the crackdown has been swift: even major firms such as Apple and Whatsapp are on the chopping block. The recent banning of VPN services has huge implications for […]

  • The Week Ahead

    by Luke Iott on 2017-08-14 at 06:05Countries move to deescalate tensions between North Korea and the United States. UK may further signal its Brexit intentions with Ireland amid customs position papers. EBRD and Egypt to sign The post The Week Ahead appeared first on Global Risk Insights. […]

  • Three problems facing Spain’s government today

    by Robert Ledger on 2017-08-12 at 12:00The medium term outlook in Spain is under pressure from three issues. Its politicians will have to act judiciously to avoid a constitutional crisis. The post Three problems facing Spain’s government today appeared first on Global Risk Insights. […]

  • Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan

    by Jeremy Luedi on 2017-08-11 at 20:42There is far more at stake than 34 square kilometers of desolate, windswept rocks. Doklam shows that old habits die hard, and Bhutan is stuck in the middle. The post Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan appeared first on Global […]

Claims Journal

  • Tiger Woods Had Marijuana, Painkillers in System at DUI Arrest

    on 2017-08-17 at 09:14Tiger Woods had the active ingredient for marijuana, two painkillers and two sleep drugs in his system when he was arrested on a DUI charge earlier this year, a report released Tuesday by prosecutors said. Police in Jupiter, Florida, released […]

  • Activists Oppose Rule Mandating $1M Liability Insurance for Rallies

    on 2017-08-17 at 09:05Some activists are pushing to change rules that require groups to obtain $1 million in liability insurance before holding a protest at the Iowa Capitol, claiming the rule threatens free speech. The Iowa Department of Administrative Services says it will […]

  • Oregon River Guides Face Tougher Standards, New Insurance Requirements

    on 2017-08-17 at 08:42Here are your requirements to be a river guide in inland Oregon – a cardiopulmonary resuscitation certificate, liability insurance, the $150 annual fee and be a reasonably good citizen. What you don’t need? A boat, knowledge of the river or […]

  • Appeals Court Cuts $2M in Legal Fees in Whirlpool Moldy Washer Settlement

    on 2017-08-16 at 15:18A federal appeals court reduced by $2 million the legal fees that Sears Holdings Corp. and Whirlpool Corp. must pay to settle a class action lawsuit over defective washing machines. The reason: the case was not that complicated. The 7th […]

  • Fraud News: Sentencing in California $500K Auto Insurance Fraud Ring

    on 2017-08-16 at 14:43Sentencing for 9 California Residents in $500,000 Auto Insurance Fraud Ring In one of the larger auto insurance fraud cases in the Sacramento region, Michael Charles Young, of Sacramento, the leader of a large auto insurance fraud ring was sentenced […]

Insurance Journal

Asia Insurance Review

  • Australia: Senate committee supports disaster mitigation funding

    on 2017-08-17 at 21:13A Senate report into the general insurance industry urges the Federal Government to reconsider investing at least A$200 million (US$157 million) a year in natural disaster mitigation and resilience measures. […]

  • South Korea: Insurers enjoy surge in 1H profits on back of investments

    on 2017-08-17 at 21:13South Korea’s life and nonlife insurance firms saw their combined net profit rise by 28.3% in the first six months of this year, due to robust gains in dividend income and a decline in the loss ratio, the country’s financial regulator has said. […]

  • Taiwan: Insurance Bureau outlines major tasks ahead

    on 2017-08-17 at 21:13Taiwan’s newly appointed Director-General of the Insurance Bureau has said that the insurance regulator has identified seven areas which it will focus on, including supervising insurers by ratings. […]

  • India: Reliance General Insurance joins IPO queue

    on 2017-08-17 at 21:13Reliance Capital has filed an application with the IRDAI for an initial public offering of shares in its nonlife insurance company, Reliance General Insurance, with plans to raise INR15 billion (US$233 million) to INR20 billion from the flotation. […]

  • Malaysia: Bill to enact employment insurance scheme deferred

    on 2017-08-17 at 21:13The Malaysian government has agreed in principle to reduce the contribution rate for the proposed Employment Insurance Scheme (EIS) from 0.5% to 0.2% of an employee’s monthly salary. EIS is to be an insurance scheme for laid-off workers. […]

Canadian Underwriter

  • Proposed model law could beef up U.S. insurers’ cyber risk management

    by Canadian Underwriter on 2017-08-17 at 12:59New cyber-related obligations being proposed south of the border, if approved, could promote more rigorous cyber risk management practices in the U.S. insurance market, Fitch Ratings suggests. The CyberSecurity Working Group of the National Association of Insurance Commissioners (NAIC) has… […]

  • Ontario Auto: The Next Wave (IN-PERSON SEMINAR)

    on 2017-08-16 at 20:45Ontario insurance professionals have felt the impact of the transformation in Ontario auto insurance in recent years—but there may be more changes coming. In April 2017, the government released a report by David Marshall, Ontario’s adviser on auto insurance, recommending […]

  • Ontario Auto: The Next Wave (LIVE WEBINAR)

    on 2017-08-16 at 20:42Ontario insurance professionals have felt the impact of the transformation in Ontario auto insurance in recent years—but there may be more changes coming. In April 2017, the government released a report by David Marshall, Ontario’s adviser on auto insurance, recommending… The […]

  • 2017 Annual Canadian Life Care Planning Program

    by Cristina Ramos-Tziamouranis on 2017-08-16 at 20:412017 Annual Canadian Life Care Planning Program Friday, September 15, 2017 [8:00-5:00 PM] Holiday Inn – Yorkdale Albany Meeting Room 3450 Dufferin St, Toronto, ON  M6A 2V1 WHO SHOULD ATTEND: Physicians, Life Care Planners, Orthopedics, Psychiatrists, Occupational Therapists, […]

  • Introduction to Business Interruption Insurance

    on 2017-08-16 at 20:40Learn how to read income statements and obtain information to apply to business interruption forms. Are you hoping to gain an understanding of business interruption indemnity concepts and forms? If so, this seminar is for you. Join us for this… The post Introduction to Business Interruption […]

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Insurance Roundup, August 16, 2017


Global Risk Insights

  • Implications of Iran gas deal with France’s Total

    by Leo Kabouche on 2017-08-15 at 12:00Iran has concluded a $5.9 billion deal with a consortium led by French Total, a victory for Hassan Rouhani’s administration and even prospective investors. The post Implications of Iran gas deal with France’s Total appeared first on Global Risk Insights. […]

  • The Great Firewall takes on VPNs

    by Joanna Eva on 2017-08-14 at 12:00China’s Security Council seems bent on expanding internet restrictions nationwide. Following new legislation in June this year, the crackdown has been swift: even major firms such as Apple and Whatsapp are on the chopping block. The recent banning of VPN services has huge implications for […]

  • The Week Ahead

    by Luke Iott on 2017-08-14 at 06:05Countries move to deescalate tensions between North Korea and the United States. UK may further signal its Brexit intentions with Ireland amid customs position papers. EBRD and Egypt to sign The post The Week Ahead appeared first on Global Risk Insights. […]

  • Three problems facing Spain’s government today

    by Robert Ledger on 2017-08-12 at 12:00The medium term outlook in Spain is under pressure from three issues. Its politicians will have to act judiciously to avoid a constitutional crisis. The post Three problems facing Spain’s government today appeared first on Global Risk Insights. […]

  • Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan

    by Jeremy Luedi on 2017-08-11 at 20:42There is far more at stake than 34 square kilometers of desolate, windswept rocks. Doklam shows that old habits die hard, and Bhutan is stuck in the middle. The post Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan appeared first on Global […]

Claims Journal

  • Wyoming River Flooding Causes Millions in Damage, Several Deaths

    on 2017-08-16 at 12:59The high volume of water that poured down Wyoming rivers and streams from a melting record mountain snowpack this year is being blamed for several river deaths and causing tens of millions of dollars in damage to roads, recreation sites […]

  • Researchers Say Lightning us Causing Fewer Deaths in the U.S.

    on 2017-08-16 at 12:54Lightning – once one of nature’s biggest killers -is claiming far fewer lives in the United States, mostly because we’ve learned to get out of the way. In the 1940s, when there were fewer people, lightning killed more than 300 […]

  • California Workers’ Comp Agency Dismisses 292,000 Unresolved Liens

    on 2017-08-16 at 09:12The California Division of Workers’ Compensation (DWC) reported that it had dismissed more than 292,000 unresolved liens, belonging to claimants who failed to file the proper forms. New legislation effective this year, SB 1160, requires all lien claimants that filed […]

  • Many Americans Feel Hostility, Threatened at Work

    on 2017-08-16 at 08:38The American workplace is grueling, stressful and surprisingly hostile. So concludes an in-depth study of 3,066 U.S. workers by the Rand Corp., Harvard Medical School and the University of California, Los Angeles. Among the findings: Nearly one in five workers […]

  • With Marijuana Legalized in Colorado, Role of Pot-Sniffing Dogs Unclear

    on 2017-08-15 at 16:48Deuce, a German Shepard with the Aurora Police Department, is sniffing around tables and a barbeque at a picnic area outside a police station. After a few minutes, he sits and fixes his gaze on a plastic trash can. Deuce’s […]

Insurance Journal

  • Global Insurance Renewal Rates Fall for 17th Quarter in Q2 2017: Marsh

    on 2017-08-16 at 12:59Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of […]

  • Mass. Behavioral Health Facility Faces $207K in Fines for OSHA Violations

    on 2017-08-16 at 12:56A Massachusetts behavioral health facility faces $207,690 in proposed penalties from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for violations found while conducting a follow-up inspection. On June 29, 2017, OSHA issued UHS of Westwood Pembroke […]

  • AIG Wants to Sell $2 Billion in Life Settlements Business

    by Andrew G. Simpson on 2017-08-16 at 12:48American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States […]

  • Final Evacuees From Pennsylvania Derailment, Fire Return Home

    on 2017-08-16 at 12:43The last of the evacuated residents of a small Pennsylvania town were finally able to return to their homes one week after a freight train carrying hazardous materials derailed and caught fire. CSX spokesman Rob Doolittle said residents of 40 […]

  • Massachusetts Governor Signs Bipartisan Pregnant Worker Protection Legislation

    on 2017-08-16 at 12:29Massachusetts Governor Charlie Baker last month signed H. 3680, a bipartisan bill to extend protections to pregnant workers in the state. The legislation, An Act Establishing the Massachusetts Pregnant Workers Fairness Act, will prohibit workplace and hiring discrimination related to […]

Asia Insurance Review

  • Australia: Commonwealth Bank to make add-on insurance refunds

    on 2017-08-16 at 21:09Australia’s biggest bank, Commonwealth Bank (CBA), will refund about A$10 million (US$7.8 million) to more than 65,000 customers after the corporate regulator found it had sold them unsuitable consumer credit insurance (CCI). […]

  • India: LIC aims to go cashless with POS machines

    on 2017-08-16 at 21:09State-owned Life Insurance Corporation of India is going to turn cashless in its operations as it plans to introduce Point Of Sale (POS) machines in all its offices across the country. This will be followed by the distribution of the machines to all agents for them to collect money from […]

  • Malaysia: Insurance associations deny imposing fees on hospitals

    on 2017-08-16 at 21:09Insurance associations in Malaysia have denied that their members impose administrative charges on private hospitals, and instead called on hospitals to provide greater transparency and disclosure of healthcare fees and costs. […]

  • Taiwan: Around 80% of motorcycles have mandatory liability cover

    on 2017-08-16 at 21:09While the proportion of automobiles in Taiwan that is covered by compulsory motor third party liability insurance has reached over 99%, the percentage of motorcycles with such cover is around 80%, according to the Taiwan Insurance Institute. […]

  • Philippines: 25 provinces can tap pilot parametric insurance plan

    on 2017-08-16 at 21:09The Department of Finance (DOF) has identified the disaster-prone provinces to be covered by an insurance fund that was recently approved by President Rodrigo Duterte. […]

Canadian Underwriter

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Insurance Roundup, August 15, 2017


Global Risk Insights

  • Implications of Iran gas deal with France’s Total

    by Leo Kabouche on 2017-08-15 at 12:00Iran has concluded a $5.9 billion deal with a consortium led by French Total, a victory for Hassan Rouhani’s administration and even prospective investors. The post Implications of Iran gas deal with France’s Total appeared first on Global Risk Insights. […]

  • The Great Firewall takes on VPNs

    by Joanna Eva on 2017-08-14 at 12:00China’s Security Council seems bent on expanding internet restrictions nationwide. Following new legislation in June this year, the crackdown has been swift: even major firms such as Apple and Whatsapp are on the chopping block. The recent banning of VPN services has huge implications for […]

  • The Week Ahead

    by Luke Iott on 2017-08-14 at 06:05Countries move to deescalate tensions between North Korea and the United States. UK may further signal its Brexit intentions with Ireland amid customs position papers. EBRD and Egypt to sign The post The Week Ahead appeared first on Global Risk Insights. […]

  • Three problems facing Spain’s government today

    by Robert Ledger on 2017-08-12 at 12:00The medium term outlook in Spain is under pressure from three issues. Its politicians will have to act judiciously to avoid a constitutional crisis. The post Three problems facing Spain’s government today appeared first on Global Risk Insights. […]

  • Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan

    by Jeremy Luedi on 2017-08-11 at 20:42There is far more at stake than 34 square kilometers of desolate, windswept rocks. Doklam shows that old habits die hard, and Bhutan is stuck in the middle. The post Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan appeared first on Global […]

Claims Journal

  • Quick-Melting Arctic Sign of Bad Global Warming

    on 2017-08-15 at 13:26One of the coldest places on Earth is so hot it’s melting. Glaciers, sea ice and a massive ice sheet in the Arctic are thawing from toasty air above and warm water below. The northern polar region is heating up […]

  • Geologists Study Growing Florida Sinkhole

    on 2017-08-15 at 08:52Geologists are studying a massive Florida sinkhole that destroyed two homes and rendered five others uninhabitable. Experts might ever know exactly what caused Pasco County’s largest sinkhole in decades, but a team of University of South Florida researchers have descended […]

  • Oklahoma Quakes Continue Despite Reduction in Oil and Gas Wastewater Injections

    on 2017-08-15 at 08:19The disposal of wastewater from oil and gas production by injecting it deep into the ground has been linked to a dramatic increase in earthquake activity in Oklahoma since 2009. Injection rates have declined recently because of regulatory actions and […]

  • New National Disaster Resilience Program Leader Brings Experience

    on 2017-08-15 at 08:06John Zakian is no stranger to the aftermath of natural disasters. Tornadoes, floods, hurricanes, wildfires – he’s seen it all. The manager of Minot’s National Disaster Resilience Program brings a familiarity with disaster recovery to a North Dakota community seeking […]

  • Auto Insurers Should Brace for Autonomous Car Changes

    by Denise Johnson on 2017-08-14 at 16:23Changes in ownership, coverages and the way claims are evaluated are just a few of the ways self-driving cars will impact the auto insurance industry, according Jared Smollik, actuarial director of personal auto product development for Verisk Insurance Solutions. Though […]

Insurance Journal

Asia Insurance Review

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Insurance Roundup, August 14, 2017


Global Risk Insights

  • The Great Firewall takes on VPNs
    by Joanna Eva on 2017-08-14 at 12:00China’s Security Council seems bent on expanding internet restrictions nationwide. Following new legislation in June this year, the crackdown has been swift: even major firms such as Apple and Whatsapp are on the chopping block. The recent banning of VPN services has huge implications for […]

  • The Week Ahead
    by Luke Iott on 2017-08-14 at 06:05Countries move to deescalate tensions between North Korea and the United States. UK may further signal its Brexit intentions with Ireland amid customs position papers. EBRD and Egypt to sign The post The Week Ahead appeared first on Global Risk Insights. […]

  • Three problems facing Spain’s government today
    by Robert Ledger on 2017-08-12 at 12:00The medium term outlook in Spain is under pressure from three issues. Its politicians will have to act judiciously to avoid a constitutional crisis. The post Three problems facing Spain’s government today appeared first on Global Risk Insights. […]

  • Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan
    by Jeremy Luedi on 2017-08-11 at 20:42There is far more at stake than 34 square kilometers of desolate, windswept rocks. Doklam shows that old habits die hard, and Bhutan is stuck in the middle. The post Under the Radar: Doklam standoff highlights India and China’s ‘Great Game’ over Bhutan appeared first on Global […]

  • Italy’s banking dilemma: Improving, but still needing help
    by Arthur Guarino on 2017-08-11 at 12:00Italy’s banking industry has gone through a recent rough period. But with an infusion of new funds and a call for much needed reforms, there may be a chance that there will be improvement. The post Italy’s banking dilemma: Improving, but still needing help appeared first on Global Risk […]

Claims Journal

  • Commentary: Blockchains Eye Catastrophe Business
    on 2017-08-14 at 13:52Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which […]

  • Pot Grow Generator Linked to Northern California Wildfire
    on 2017-08-14 at 13:32A generator on a marijuana farm is to blame for a fire last year that destroyed a dozen homes south of San Francisco, investigators said Thursday. It’s the latest in a string of fires at marijuana growing sites in the […]

  • Settlement Reached in Lawsuit Over Deadly Maine Halloween Hayride
    on 2017-08-14 at 09:57The family of a teenager who died in a hayride crash has settled a lawsuit against the farm owner who operated the Halloween attraction in 2014, the family lawyer said Wednesday. Money from the settlement in the wrongful death lawsuit […]

  • Tracy Morgan Settles Crash Suit With Wal-Mart, Liberty Mutual
    on 2017-08-14 at 09:10Wal-Mart Stores Inc. has settled a lawsuit by two insurers that sought to avoid covering its multimillion-dollar payout to comedian Tracy Morgan for injuries he suffered in a 2014 crash involving one of the retailer’s trucks. U.S. District Judge Freda […]

  • Car Makers Worry Increasing Automation Makes for Bad Driving
    on 2017-08-14 at 09:04If your car can hit the brakes in an emergency and check your blind spots, will that make you a worse driver? Increasingly, automakers are worrying it may. Driver-assist technology that keeps cars in their lanes, maintains a safe distance […]

Insurance Journal

  • What Agents Want from Carriers in 2022: Survey
    by Andrea Wells on 2017-08-14 at 13:39Independent agents and brokers who work primarily in personal lines believe competitive pricing, carrier technology and customer service will be more important in five years than they are now. The sentiment is quite different in commercial lines, where agents say […]

  • Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger
    by L.S. Howard on 2017-08-14 at 13:10Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which […]

  • Six Workers Sue New York’s Swanky Plaza Hotel, Allege Sexual Harassment
    on 2017-08-14 at 12:58Six current or former employees have filed a sexual harassment lawsuit against The Plaza Hotel. The bartenders, servers and hospitality coordinators say they were groped, catcalled and propositioned by managers and other co-workers while working at the New York City […]

  • New Jersey’s Meeker Sharkey & Hurley Hires Henry as VP of Business Development
    on 2017-08-14 at 12:50Meeker Sharkey & Hurley, a New Jersey-based provider of personal and commercial insurance, employee benefits and risk management services, has hired Dan Henry as vice president of business development. In this role, he is responsible for new business across the […]

  • Delaware Police Continuing Probe Into Alleged Prescription Fraud
    on 2017-08-14 at 12:43Delaware State Police say more arrests are expected in an investigation involving a Philadelphia woman accused of distributing fraudulent prescriptions for controlled substances. Police said Thursday that 49-year-old Annette Scott stole blank prescription pads from a Wilmington-area doctor’s […]

Asia Insurance Review

  • Japan: Nonlife insurers moving big into inbound travel insurance
    on 2017-08-14 at 22:45Major nonlife insurers are focusing their efforts on the sale of inbound insurance to foreign visitors coming to Japan that covers illness and injury, as the number of inbound tourists is increasing rapidly. […]

  • Taiwan: 1H nonlife premiums fuelled by fire business
    on 2017-08-14 at 22:45The Taiwanese nonlife insurance sector saw premiums increase by 8.92% to NT$80.9 billion (US$2.7 billion) in the first half of this year, according to the Non-Life Insurance Association of the Republic of China (NLIA). […]

  • India: Vehicles without clean pollution certificates to be denied insurance
    on 2017-08-14 at 22:45The Supreme Court has directed that motor insurance renewals are not to be allowed without a valid Pollution Under Control (PUC) certificate for all types of automobiles, in a move to crack down on polluting vehicles. […]

  • Australia: High return expectations in life blunt competitiveness
    on 2017-08-14 at 22:45Australian life insurers find it difficult to compete with overseas players because return expectations for the former are higher than those of their foreign rivals, says AMP Chief Executive Craig Meller. […]

  • Philippines: Lawmaker pushes for new farm insurance system
    on 2017-08-14 at 22:45An agriculture insurance system, currently being studied by lawmakers, would be mandated to carry out direct and indirect reinsurance and be harmonised with an agriculture guarantee fund, according to Representative Arthur C. Yap who has been pushing for a crop insurance Bill to be enacted. […]

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Insurance Roundup, August 11, 2017


Global Risk Insights

  • Italy’s banking dilemma: Improving, but still needing help

    by Arthur Guarino on 2017-08-11 at 12:00Italy’s banking industry has gone through a recent rough period. But with an infusion of new funds and a call for much needed reforms, there may be a chance that there will be improvement. The post Italy’s banking dilemma: Improving, but still needing help appeared first on Global Risk […]

  • The domestic and global shocks of the growing water crisis in China

    by Ben Abbs on 2017-08-10 at 12:00The reverberations of China’s water security crisis have already had global implications, notably encouraging the Arab Spring. The post The domestic and global shocks of the growing water crisis in China appeared first on Global Risk Insights. […]

  • Algeria’s battle against terror

    by Emily Boulter on 2017-08-10 at 09:00The Islamic State in Algeria has faced a pushback as the local authorities are no strangers to counterterrorism. The post Algeria’s battle against terror appeared first on Global Risk Insights. […]

  • Significant Barriers Remain for Asia’s RCEP deal

    by Peter Hays on 2017-08-08 at 12:00India’s commerce secretary claims “enough political will [exists] to expedite the conclusion” of RCEP. Yet many barriers, both economic & political remain. The post Significant Barriers Remain for Asia’s RCEP deal appeared first on Global Risk Insights. […]

  • Activist investors: More harm than good

    by Arthur Guarino on 2017-08-08 at 08:00The role of activist investors in American boardrooms has grown in recent years. But the dilemma is whether they make a positive impact on a company or do more harm than good. The post Activist investors: More harm than good appeared first on Global Risk Insights. […]

Claims Journal

  • Research Finds USBs Pose Data Leakage Risk

    on 2017-08-11 at 09:00USB connections, the most common interface used globally to connect external devices to computers, are vulnerable to information ‘leakage’, making them even less secure than has been thought, Australian research has shown. University of Adelaide researchers tested more than 50 […]

  • Corrosion Considered in Deadly Ohio Fair Ride Accident

    on 2017-08-11 at 08:59A manufacturer’s explanation that corrosion caused an amusement ride to fly apart in a deadly accident at the Ohio State Fair doesn’t answer why or when it began rusting away or how it went unnoticed. The details released by the […]

  • American Flight Highlights Hazards Posed by Turbulence

    on 2017-08-11 at 08:37At some point during many flights, the captain will calmly announce that there could be some bumps ahead and so passengers must be seated with their seatbelts on. The plane might seem to bobble or bounce a bit, but rarely […]

  • Report Outlines Climate Change’s Effect on States

    on 2017-08-11 at 08:25A draft federal science report on the effects of global warming breaks down how climate change has already hit different regions of the United States. It also projects expected changes by region. OVERALL (contiguous 48 states) -The annual average temperature […]

  • Hackers Want to Shut Down Factories for Pay

    on 2017-08-11 at 08:05The malware entered the North Carolina transmission plant’s computer network via email last August, just as the criminals wanted, spreading like a virus and threatening to lock up the production line until the company paid a ransom. AW North Carolina […]

Insurance Journal

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Insurance Roundup, August 10, 2017


Global Risk Insights

  • The domestic and global shocks of the growing water crisis in China

    by Ben Abbs on 2017-08-10 at 12:00The reverberations of China’s water security crisis have already had global implications, notably encouraging the Arab Spring. The post The domestic and global shocks of the growing water crisis in China appeared first on Global Risk Insights. […]

  • Algeria’s battle against terror

    by Emily Boulter on 2017-08-10 at 09:00The Islamic State in Algeria has faced a pushback as the local authorities are no strangers to counterterrorism. The post Algeria’s battle against terror appeared first on Global Risk Insights. […]

  • Significant Barriers Remain for Asia’s RCEP deal

    by Peter Hays on 2017-08-08 at 12:00India’s commerce secretary claims “enough political will [exists] to expedite the conclusion” of RCEP. Yet many barriers, both economic & political remain. The post Significant Barriers Remain for Asia’s RCEP deal appeared first on Global Risk Insights. […]

  • Activist investors: More harm than good

    by Arthur Guarino on 2017-08-08 at 08:00The role of activist investors in American boardrooms has grown in recent years. But the dilemma is whether they make a positive impact on a company or do more harm than good. The post Activist investors: More harm than good appeared first on Global Risk Insights. […]

  • Trump’s burn book: NAFTA negotiations will only extend Chinese influence in the Americas

    by Joanna Eva on 2017-08-07 at 12:00Trump once labelled NAFTA, “the worst trade deal maybe ever signed anywhere”. This month, he unveiled the NAFTA negotiating agenda, providing a template for trade negotiations yet to occur with other countries – such as China, Germany, and Japan. With an emphasis on tackling tax systems and […]

Claims Journal

  • Study Finds Safety Guidelines Aren’t Always Implemented for High School Athletes

    on 2017-08-10 at 09:40A high school sports study conducted by the Korey Stringer Institute and sponsored in part by the NFL shows that many individual states are not fully implementing key safety guidelines to protect athletes from potentially life-threatening conditions, including heat stroke. […]

  • EPA Says it Won’t Review Mine Spill Claims of State or Tribe That Sued

    on 2017-08-10 at 08:48Days after the Environmental Protection Agency pledged to reconsider damage claims it previously rejected after a mine spill, the agency said Monday it could not review multimillion-dollar requests from the state of New Mexico and the Navajo Nation because both […]

  • 10 Tulsa Businesses Condemned Following Tornado Damage

    on 2017-08-10 at 08:37Ten businesses in a Tulsa, Okla., shopping district were so badly damaged by a weekend tornado that they have been condemned, including the TGI Fridays and Whataburger restaurants where several people were injured, city officials said Monday. Notices posted by […]

  • More Widespread Flooding in Houston Area

    on 2017-08-10 at 08:34Heavy rains that caused flooding in some parts of the Houston area and prompted about two-dozen water rescues on Tuesday seemed to have stopped just before getting worse but with more rain expected authorities remain on guard and residents should […]

  • Coast Guard Hearing Focuses on Deadly Crab Boat Sinking

    on 2017-08-10 at 08:31A hearing into what caused a Seattle, Wash., crab boat with six people aboard to sink in the Bering Sea will focus on weather and human factors, as well as the stability of the fishing vessel before it went missing […]

Insurance Journal

  • Maryland Insurance Administration Names Associate Commissioner of Compliance

    on 2017-08-10 at 13:04The Maryland Insurance Administration has appointed Erica J. Bailey as its associate commissioner of compliance and enforcement. Bailey brings 15 years of experience to the team, including the last ten investigating healthcare fraud as a prosecutor. As associate commissioner, Bailey […]

  • USG Promotes Faust and Whiting in Pennsylvania Office

    on 2017-08-10 at 12:56USG has promoted Becca Faust to production manager and Amy Whiting to brokerage manager in its Canonsburg, Penn., office. This move is the most recent change USG has implemented in its plan to expand operations nationwide and continue to provide […]

  • RSA Names Former Aspen Executive Khaitan as COO for Global Risk Solutions

    by L.S. Howard on 2017-08-10 at 10:49RSA Insurance has appointed Anny Khaitan as chief operating officer (COO) for its Global Risk Solutions (GRS) business. Khaitan is responsible for GRS’ operations, change, IT and risk & compliance across offices in the UK, Europe & DIFC. She reports […]

  • Trump Seeks 18 Month Delay, Rewrite of Parts of Fiduciary Rule

    by Andrew G. Simpson on 2017-08-10 at 10:47The Trump administration is moving to further delay part of an Obama-era rule to require brokers who offer retirement advice to put their customers’ interests ahead of their own. The U.S. Department of Labor said in a court filing Wednesday […]

  • Novae Group Appoints Beazley’s Cragg as Chief Operating Officer

    on 2017-08-10 at 10:35Novae Group plc, the specialist listed Lloyd’s insurer, announced the appointment of Adam Cragg as group chief operating officer. He reports to Matthew Fosh, chief executive officer of Novae. Cragg brings 25 years of experience in the insurance industry to […]

Asia Insurance Review

  • Saudi Arabia: Saudi Re expands to Lloyd’s mart through acquisition

    on 2017-08-10 at 21:11Saudi Re has signed a Memorandum of Understanding with Probitas Holdings (Bermuda) Limited (PHBL) to purchase 49.9% of the shares of the latter. […]

  • India: Insurers lack client touchpoints in their digital technology

    on 2017-08-10 at 21:11While many Indian insurers have adopted various digital technologies, primarily mobile-based touchpoints for their customers and distributors, the potential of digital technologies to significantly affect their operations and customers has not been explored yet, says a report presented by the […]

  • Taiwan: Regulator urged to act boldly to promote insurance access

    on 2017-08-10 at 21:11The Taiwanese insurance regulatory authorities are urged to take bolder steps than they had already taken to improve consumers’ access to protection products in a transparent manner by leveraging innovative products and technologies. […]

  • Australia: Switching insurers unlikely to resolve price concerns

    on 2017-08-10 at 21:11Comparison tools will not address the rising affordability concerns surrounding health insurance, the Commonwealth Ombudsman has said, arguing that switching between insurers and policies is not the issue. […]

  • Asia: New business surge leads to embedded value growth

    on 2017-08-10 at 21:11Total reported Asian embedded value (EV) grew by 15.3% on a comparable basis to US$339 billion in 2016 from US$294 billion the previous year, says Milliman, the global provider of actuarial and related products and services in a study on reported year-end 2016 EV results for several major insurance […]

Canadian Underwriter

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Insurance Roundup, August 9, 2017


Global Risk Insights

  • Significant Barriers Remain for Asia’s RCEP deal

    by Peter Hays on 2017-08-08 at 12:00India’s commerce secretary claims “enough political will [exists] to expedite the conclusion” of RCEP. Yet many barriers, both economic & political remain. The post Significant Barriers Remain for Asia’s RCEP deal appeared first on Global Risk Insights. […]

  • Activist investors: More harm than good

    by Arthur Guarino on 2017-08-08 at 08:00The role of activist investors in American boardrooms has grown in recent years. But the dilemma is whether they make a positive impact on a company or do more harm than good. The post Activist investors: More harm than good appeared first on Global Risk Insights. […]

  • Trump’s burn book: NAFTA negotiations will only extend Chinese influence in the Americas

    by Joanna Eva on 2017-08-07 at 12:00Trump once labelled NAFTA, “the worst trade deal maybe ever signed anywhere”. This month, he unveiled the NAFTA negotiating agenda, providing a template for trade negotiations yet to occur with other countries – such as China, Germany, and Japan. With an emphasis on tackling tax systems and […]

  • The Week Ahead

    by Luke Iott on 2017-08-07 at 08:00Japan reworks its energy policy. Kenya goes to the polls. US and Russia meet at ASEAN summit. Brazil eyes pension reform. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Mantras but little substance: The future of the ANC

    by Kevin Knowles on 2017-08-04 at 12:00South Africa’s national policy conference closed with an ANC that has never been as divided as it is now in its 105-year old history. The post Mantras but little substance: The future of the ANC appeared first on Global Risk Insights. […]

Claims Journal

Insurance Journal

Asia Insurance Review

  • Australia: Top insurance execs accept need for change

    on 2017-08-09 at 20:53Insurance industry leaders in Australia until now have felt regulation would protect them from disruptive market forces, but that is no longer the case – and with protection of the sector diminishing, there is no place to hide, according to the inaugural Insurance Industry Report 2017 by TAS, a […]

  • India: Regulator says cap on expenses may be imposed eventually

    on 2017-08-09 at 20:53IRDAI Chairman TS Vijayan is urging insurers to offer cost-effective insurance policies to customers rather than focus on incentivising insurance agents with commissions and increasing profitability. […]

  • Sri Lanka: Law to be changed to exempt listing of subsidiaries of foreign insurers

    on 2017-08-09 at 20:53The Finance Ministry is proposing to amend the insurance law to exempt insurance subsidiaries of foreign firms and state-owned insurance companies from listing on the local stock market. […]

  • Global: One in six insurers have IFRS 17 implementation projects

    on 2017-08-09 at 20:53While most participants (almost 90%) in a survey on IFRS 17 are carrying out some form of IFRS activity, only a few (around 16%) have an implementation project underway at the time of producing the survey, says Milliman, global provider of actuarial and related products and services. […]

  • China: Elderly population exceeds 230 million

    on 2017-08-09 at 20:53China had more than 230.8 million people aged at least 60 at the end of 2016, 16.7% of the total population, the Ministry of Civil Affairs has announced. […]

Canadian Underwriter

  • IBAO: Canadian Accredited Insurance Broker Designation 4 – Brokerage Management

    by Samantha Chang on 2017-08-08 at 20:48CAIB is a credential that sends a bright signal to your brokerage, your clients and the broker community. It increases leadership potential and provides a powerful, lifelong network. The program was developed specifically for insurance brokers with the input and… The post IBAO: Canadian […]

  • IBAO: Getting Started in Commercial Lines (Series)

    by Samantha Chang on 2017-08-08 at 20:46Are you new to the Commercial Lines side of the business? Get the information you need to make the transition as quickly and smoothly as possible. Learn the basic foundation of Commercial risk assessment and get a good grounding in Commercial Property +… The post IBAO: Getting […]

  • IBAO: RIBO Level I Two-Week Licensing Course

    by Samantha Chang on 2017-08-08 at 20:44Gain knowledge of general insurance: habitational, auto, travel and liability coverage for individual and commercial clients. This format includes a preliminary online orientation followed by a 10 business day in-class course. The RIBO exam is written on the final day. One week […]

  • IBAO: Two-Day Review Licensing Program

    by Samantha Chang on 2017-08-08 at 20:38Review specific subject matter covered on the RIBO Level l exam. This format is for individuals who have had difficulty passing the Level l exam or have completed a self-study program and require tutoring. Doesn’t include the licensing exam – students… The post IBAO: Two-Day […]

  • IBAO: RIBO Level II Licensing Course

    by Samantha Chang on 2017-08-08 at 20:37Become a principal broker and practice without restriction. This one-week course prepares you for the Level ll (unrestricted) Management exam and has proven to be an excellent skills refresher for Principal Brokers looking to upgrade their management skills. Getting […]

Canadian Insurance Top Broker

Insurance Business Magazine – US


Insurance Roundup, August 8, 2017


Global Risk Insights

  • Significant Barriers Remain for Asia’s RCEP deal

    by Peter Hays on 2017-08-08 at 12:00India’s commerce secretary claims “enough political will [exists] to expedite the conclusion” of RCEP. Yet many barriers, both economic & political remain. The post Significant Barriers Remain for Asia’s RCEP deal appeared first on Global Risk Insights. […]

  • Activist investors: More harm than good

    by Arthur Guarino on 2017-08-08 at 08:00The role of activist investors in American boardrooms has grown in recent years. But the dilemma is whether they make a positive impact on a company or do more harm than good. The post Activist investors: More harm than good appeared first on Global Risk Insights. […]

  • Trump’s burn book: NAFTA negotiations will only extend Chinese influence in the Americas

    by Joanna Eva on 2017-08-07 at 12:00Trump once labelled NAFTA, “the worst trade deal maybe ever signed anywhere”. This month, he unveiled the NAFTA negotiating agenda, providing a template for trade negotiations yet to occur with other countries – such as China, Germany, and Japan. With an emphasis on tackling tax systems and […]

  • The Week Ahead

    by Luke Iott on 2017-08-07 at 08:00Japan reworks its energy policy. Kenya goes to the polls. US and Russia meet at ASEAN summit. Brazil eyes pension reform. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Mantras but little substance: The future of the ANC

    by Kevin Knowles on 2017-08-04 at 12:00South Africa’s national policy conference closed with an ANC that has never been as divided as it is now in its 105-year old history. The post Mantras but little substance: The future of the ANC appeared first on Global Risk Insights. […]

Claims Journal

  • Nation’s Police Agencies Check Ford SUVs for Carbon Monoxide Leaks

    on 2017-08-08 at 13:36Southwest Florida law enforcement agencies are checking Ford SUVs in their vehicle fleets to keep officers safe from carbon monoxide leaks. So far, no complaints of sickness have been submitted sheriff’s offices in Southwest Florida, but law enforcement is checking […]

  • Rare August Tornado Sends 30 to Hospital in Tulsa

    on 2017-08-08 at 13:27A rare late summer tornado smashed into a shopping district of Tulsa, Okla., early Sunday just hours after it was packed with people, sending more than two dozen people to hospitals including two with life-threatening injuries, many of them from […]

  • Groups Praise New Maine Law Banning Flame Retardants in Furniture

    on 2017-08-08 at 09:09Firefighters and national chemical safety groups said they hope the nation follows Maine’s lead in passing a tough flame retardants law that the chemical industry lobbied against. Lawmakers on Wednesday overrode Republican Gov. Paul LePage’s veto of a law supporters […]

  • Atlantic Hurricane Season Forecast Raised Again

    on 2017-08-08 at 08:32Researchers again boosted the number of storms the Atlantic may produce before the hurricane season ends as a missing Pacific El Nino and warm waters present favorable storm conditions. As many as 16 named storms may form in the Atlantic […]

  • Police Push Tracking as Rogue Drones Hover Over Fire Scenes

    on 2017-08-08 at 08:25At a recent apartment blaze in Oakland, California, a sheriff deputy directing firefighters with a drone-mounted video camera encountered a new hazard: a civilian quad copter that buzzed onto the scene. “It’s happened twice in the past few months,” said […]

Insurance Journal

  • Markel Taps Sompo Canopius’ Holcroft as Contract Frustration & Political Risk U/W

    on 2017-08-08 at 14:05Markel International, the the London-based specialist insurer and Markel Corp. subsidiary, has appointed Alex Holcroft as political risk underwriter in Singapore. He joins the existing trade credit and political risk team serving the Asia Pacific region and will report to […]

  • How Big Data Threatens Health Insurance: Viewpoint

    by Andrew G. Simpson on 2017-08-08 at 13:48For all its absurdity, the debate over Obamacare has accomplished something positive: It has educated people that insurance is really about risk pooling — as in you need both healthy and sick people to participate if it’s going to be […]

  • New York’s Integro Insurance Brokers Hires Roberts

    on 2017-08-08 at 13:42Integro Insurance Brokers, a New York-headquartered international broker and risk management firm, has hired Carol Roberts to lead its global super yacht specialty offering. She is based in New York. At Integro, Roberts will work closely with the Private Client […]

  • Construction Worker Buried Alive When Wall Collapses at New York Site

    on 2017-08-08 at 13:28Authorities say a construction worker was buried alive when a concrete and dirt wall collapsed on him at a commercial and residential development site in New York. Poughkeepsie fire officials tell the Poughkeepsie Journal that the wall collapsed Thursday afternoon […]

  • Maryland’s Chesapeake Employers Elects Gonzalez as Board Chairman

    on 2017-08-08 at 13:20Members of Chesapeake Employers Insurance’s Board of Directors elected V. Rocky Gonzalez as chairman, effective immediately. Gonzalez succeeds Charles Dankmeyer as chairman, who is now serving as a member of the Board. Other officer changes that are effective immediately include […]

Asia Insurance Review

  • India: GIC Re files much-awaited IPO application

    on 2017-08-08 at 22:07State-owned reinsurer General Insurance Corp of India yesterday filed for an initial public offering which bankers have said could raise more than US$1 billion, reported Reuters. […]

  • NZ: Change, tech & competition head insurers’ risk list

    on 2017-08-08 at 22:07New Zealand insurance companies place change management , technology and competition as their three biggest risks, according to report by the international accounting and professional services firm PwC. […]

  • Indonesia: Insurance Europe lobbies against recent regulations

    on 2017-08-08 at 22:07European insurers are urging the European Union to seek to overturn protectionist regulation in Indonesia, that include mandatory cession requirements and related measures envisaged on foreign ownership and the establishment of Indonesia Re. […]

  • India: Some states unswayed by national farm insurance scheme

    on 2017-08-08 at 22:07Several states, including Punjab which is dubbed the “bread basket of India”, are still holding out on implementing the government-backed farm insurance scheme, the Pradhan Mantri Fasal Bima Yojana (PMFBY). […]

  • Singapore: Life sector reports 10% growth in new business for 1H2017

    on 2017-08-08 at 22:07The life insurance industry has continued its strong growth momentum since 2016, achieving a total of S$1,682 million (US$1,234 million) in weighted new business premiums for the first half of 2017, the Life Insurance Association of Singapore (LIA) announced yesterday. […]

Canadian Underwriter

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Insurance Business Magazine – US


Insurance Roundup, August 7, 2017


Global Risk Insights

  • Trump’s burn book: NAFTA negotiations will only extend Chinese influence in the Americas

    by Joanna Eva on 2017-08-07 at 12:00Trump once labelled NAFTA, “the worst trade deal maybe ever signed anywhere”. This month, he unveiled the NAFTA negotiating agenda, providing a template for trade negotiations yet to occur with other countries – such as China, Germany, and Japan. With an emphasis on tackling tax systems and […]

  • The Week Ahead

    by Luke Iott on 2017-08-07 at 08:00Japan reworks its energy policy. Kenya goes to the polls. US and Russia meet at ASEAN summit. Brazil eyes pension reform. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Mantras but little substance: The future of the ANC

    by Kevin Knowles on 2017-08-04 at 12:00South Africa’s national policy conference closed with an ANC that has never been as divided as it is now in its 105-year old history. The post Mantras but little substance: The future of the ANC appeared first on Global Risk Insights. […]

  • Qatar’s maverick foreign policy: can it survive a new Gulf order?

    by Leon Aslanov on 2017-08-04 at 09:43Qatar’s bold response to recent allegations made by Saudi Arabia is sparking controversy in the region, as it now pushes for an independent foreign policy. The post Qatar’s maverick foreign policy: can it survive a new Gulf order? appeared first on Global Risk Insights. […]

  • Will Japan’s points-based immigration system shake up HRM practices?

    by Bethany Schoer on 2017-08-03 at 12:00The question remains whether improved access to permanent residency for highly-skilled foreigners will change Japan’s human resource management (HRM) norms. The post Will Japan’s points-based immigration system shake up HRM practices? appeared first on Global Risk Insights. […]

Claims Journal

  • Carrying Cash Worries Legal Marijuana Business Owners

    on 2017-08-07 at 09:56Jerred Kiloh’s eyes narrowed as he checked his mirror again. The black Chevy SUV with tinted windows was still behind him. It had been hanging off Kiloh’s bumper ever since he nosed out of the parking lot behind his medical-marijuana […]

  • Union, Feds at Odds on How to Counter Surge in Coal Mine Deaths

    on 2017-08-07 at 09:03Deaths in U.S. coal mines this year have surged ahead of last year’s, and federal safety officials say workers who are new to a mine have been especially vulnerable to fatal accidents. But the nation’s coal miner’s union says the […]

  • Allstate Reports Early Success With Drive-In Closures, QuikFoto Replacement

    by Denise Johnson on 2017-08-07 at 08:32In a recent earnings report, Allstate reported positive changes as a result of its move toward an integrated digital enterprise. According to Matt Winter, Allstate president, claims is a good place to start deploying emerging technologies because of the many […]

  • Farmers Begins Drone Use on Residential Losses

    by Denise Johnson on 2017-08-04 at 17:16Farmers Insurance announced a new microdrone fleet that will assist adjusters on residential roof damage claims in areas impacted by hailstorms and other severe weather events. The insurer tapped Calif.-based Kespry for the micro UAV quadcopters that weigh 4.4 pounds […]

  • Fraud News: Fake Fall, Stolen Art Scheme, Comp Auto Claim Fraud

    on 2017-08-04 at 15:21Mississippi Woman Charged With Lying About Fall at Walmart A 59-year-old Mississippi woman has been indicted on criminal charges, with prosecutors saying she lied when she reported falling at a Walmart store. State Attorney General Jim Hood said Friday that […]

Insurance Journal

  • The Smaller the Small Business, the Bigger the Insurance Discontent: J.D. Power

    on 2017-08-07 at 13:01Not all small businesses are the same when it comes to customer satisfaction with their commercial insurance. There are actually widening satisfaction gaps among small businesses of different sizes, according to the J.D. Power 2017 U.S. Small Commercial Insurance Study. […]

  • Catastrophe Bond Market Breaks New Records in 2nd Quarter, 1st Half: Aon Study

    on 2017-08-07 at 13:00Catastrophe bond issuance during the second quarter stood at US$6.38 billion across 20 transactions – a new record for quarterly issuance that surpassed the previous record of US$4.49 billion set in Q2 2014, according to a report issued by Aon […]

  • Most Residents Allowed Home After Pennsylvania Derailment

    on 2017-08-07 at 12:47Most residents were being allowed to return to the homes they were forced to leave after a train derailment and resulting fires in their small Pennsylvania town, authorities said. Tests on air quality led the railroad CSX, an incident management […]

  • Two Firms Fight Insurance Claim on Boat That Sank Off Massachusetts

    on 2017-08-07 at 12:40Two firms are trying to avoid reimbursing a Connecticut native for the loss of his boat after it sank with his mother on board under suspicious circumstances. The Hartford Courant reported Thursday the National Liability & Fire Insurance Co. and […]

  • Normandy Insurance Company Now Writing Workers’ Comp in Pennsylvania

    on 2017-08-07 at 12:33Normandy Insurance Company, a Deerfield Beach, Fla.-based workers’ compensation carrier, is now offering coverage plans to small, mid-size and large businesses in Pennsylvania. This marks the third major expansion by the multi-state insurer in recent months, and its first venture […]

Asia Insurance Review

  • Taiwan: 2 typhoons in 2 days wreak US$9 mln farm losses

    on 2017-08-07 at 21:21Agricultural losses following the two weather events on 29-30 July have reached NT$280.5 million (US$9.27 million), according to the Council of Agriculture (COA). […]

  • Japan: Auto premiums to be cut as tech features improve safety

    on 2017-08-07 at 21:21Four major Japanese nonlife insurers will lower auto premiums by an average of 2-3% starting next January, the biggest reduction in well over a decade. Around 90% of policyholders will benefit from the rate cuts. […]

  • India: Regulator studies telematics to improve auto risk management

    on 2017-08-07 at 21:21The insurance regulator IRDAI has issued an exposure draft on telematics, suggesting that motor insurance premiums in future may be determined through black box-based real-time monitoring of driving habits, vehicle usage and distances covered. […]

  • Thailand: Rainy season brings floods and US$300 mln losses

    on 2017-08-07 at 21:21Ten of Thailand’s 77 provinces have become disaster zones, the Interior Ministry has said, with losses estimated at US$300 million at least. The floods, caused by annual seasonal rain, have killed at least 23 people. […]

  • Australia: Small private health funds rate higher with customers

    on 2017-08-07 at 21:21The top three private health insurers in terms of customer satisfaction over the year to June 2017 were all small niche players, well ahead of the main funds and increasing their lead, according to research by consumer, industry and market research company Roy Morgan. […]

Canadian Underwriter

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Insurance Business Magazine – US