Insurance Roundup, September 19, 2018

General Insurance

Claims Journal

  • Florence Flooding Concerns Worry N.C.’s Neighboring States

    by CHUCK BURTON on 2018-09-18 at 14:14With Wilmington cut off from the rest of North Carolina by still-rising floodwaters from Florence, officials plan to airlift food and water to the city of nearly 120,000 people as rescuers elsewhere pull inland residents from homes swamped by swollen […]

  • Aging Pipelines Can Lead to Deadly Explosions

    by CATHY BUSSEWITZ on 2018-09-18 at 09:10The natural gas pipeline in the United States is vast, sprawling across 2.5 million miles in a complex pressurized system that delivers a quarter of the energy consumed nationwide, according to the American Gas Association. Many of the pipes are […]

  • Spike in Deadly Semi, Big Rig Crashes Prompts Demand for Safety Tech

    on 2018-09-18 at 08:45Tractor-trailers and other large trucks aren’t required to have crash-avoidance technology, despite thousands of crashes annually and repeated calls for it to be mandated. Federal data shows that more than 4,300 people were killed in accidents involving semis and other […]

  • Safety Measures Ordered at Sinking San Francisco Condo Tower

    by OLGA R. RODRIGUEZ on 2018-09-18 at 08:39San Francisco officials demanded Thursday that managers of a sinking condominium building where a window recently cracked comply with safety measures needed to keep the public safe. Ronald Tom, assistant director of the Department of Building Inspection, said management at […]

  • Insurer Fights Paying $5.3M to Wrongfully Convicted Missouri Man

    on 2018-09-18 at 08:28A former insurance carrier for the city of Columbia, Mo., is appealing a ruling that it owes $5.3 million to a man who served 10 years in prison before his conviction for killing a sports editor in Columbia was thrown […]

  • Hurricane Lane Damage to County Infrastructure Estimated at $20M

    on 2018-09-18 at 08:20The damage to Hawaii County facilities from the flooding caused by Hurricane Lane‘s torrential rains totaled about $20 million, an official said. The figure is only for county infrastructure and doesn’t include damage to state infrastructure such as schools and […]

  • Warmer Temps Make Hurricanes Wetter, More Intense

    by SETH BORENSTEIN on 2018-09-18 at 08:07A warmer world makes for nastier hurricanes. They are wetter, possess more energy and intensify faster. Their storm surges are more destructive because climate change has already made the seas rise. And lately, the storms seem to be stalling more […]

Insurance Journal

Asia Insurance Review

  • Winners of Asia Insurance Technology Awards unveiled

    on 2018-09-19 at 16:01Celent and Asia Insurance Review honoured nine insurance companies with the 7th Asia Insurance Technology Awards at this year’s 3rd Asia Cyber Risk Summit that took place in Singapore on the 17 and 18 of September. […]

  • 2018 Asian Actuarial Conference – Diversification in investments is key

    on 2018-09-19 at 16:01The most repeated point during the panel on “Market Outlook and Investment strategy for Insurance Companies” at the 2018 Asian Actuarial Conference was to diversify. “There is no need to concentrate on what you think will work well as there will be surprises down the line,” said Conning Asia […]

  • Marsh & McLennan to buy JLT for US$5.6bn

    on 2018-09-19 at 16:01Marsh & McLennan Companies (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, yesterday announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group (JLT), a leading provider of insurance, reinsurance and employee […]

  • Keeping pace in an environment of disruption

    on 2018-09-19 at 16:01The insurance industry needs to embrace digitalisation and technological transformation to keep up with the pace of change in an environment of disruption, said speakers at the Strategic Issues Conference in Bali. […]

  • Indian insurance and pension regulators cooperate to ease issuance of annuities

    on 2018-09-19 at 16:01India’s insurance and pension regulators are finalising a strategy to streamline the process for payouts under the National Pension System (NPS), including online purchases of annuities, easier KYC norms and a simplified form. […]

Global Risk Insights

  • The Week Ahead: 16-22 September

    by Global Risk Insights on 2018-09-18 at 14:21Elections in the Maldives. Japan interest rates. Swiss food referendum. All in The Week Ahead. The post The Week Ahead: 16-22 September appeared first on Global Risk Insights. […]

  • What rising resource nationalism in Africa means for mining investors

    by Kwadwo Boateng on 2018-09-17 at 01:51Lately, resource nationalism in the African mining sector has increased. In some African states, which make key contributions to international mining, larger mining rents indicate greater national control. The post What rising resource nationalism in Africa means for mining investors appeared first […]

  • Matteo Salvini and the risk of populism

    by Alexander Brotman on 2018-09-17 at 01:24Recent disputes between Italy’s interior minister and the EU are symptomatic of the failure of member states and the EU as an institution to live up to their ideals. The post Matteo Salvini and the risk of populism appeared first on Global Risk Insights. […]

Canadian Underwriter

Canadian Insurance Top Broker

insuranceNEWS

InsureZero

  • House Renovation: How Much Can it Cost?

    by helen537 on 2018-09-18 at 10:07It’s impossible to give you the exact amount of cost of any type of renovation in your house. However, it’s possible to give you a close estimate of the most common projects in a house, just to give you a general picture. 1. Bathroom renovation This is the biggest DIY project possible, […]

  • TV Wall Mounts: Safety Comes First

    by Lillian Connors on 2018-09-17 at 09:51Whenever redesigning or rearranging your living room, the first thing you should keep in mind is, of course, the safety of your family members. Sure, a beautiful new design will boost the aesthetics of your interior in an instant, but unless the new design is completely safe for everyone living in […]


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Insurance Roundup, September 18, 2018

General Insurance

Claims Journal

Insurance Journal

Asia Insurance Review

Global Risk Insights

  • Matteo Salvini and the risk of populism
    by Alexander Brotman on 2018-09-17 at 01:24Recent disputes between Italy’s interior minister and the EU are symptomatic of the failure of member states and the EU as an institution to live up to their ideals. The post Matteo Salvini and the risk of populism appeared first on Global Risk Insights. […]

Canadian Underwriter

  • Mitchell data confirms increased Canadian collision costs
    by Jason Contant on 2018-09-17 at 20:09Recent data from Mitchell International seems to confirm what Canadian insurers have been saying: collision repair costs and severity potential is increasing. On Sept. 11, Mitchell released its Canada Collision Summary: Q2 2018 report. It includes Canada-specific data from body… The post […]

  • How insurers can tell real online consumers from fake ones
    by Jason Contant on 2018-09-17 at 20:05Being able to quickly identify a “true” customer compared to a synthetic identity created by a cybercriminal can help insurers tailor offerings to the right customers early in the account creation process, a security engineer said Friday. “If you know… The post How insurers […]

  • How basement flooding devalued this property
    by Greg Meckbach on 2018-09-17 at 17:56Recurring basement flooding means a homeowner’s property is worth about $35,000 less than it would otherwise be valued at for tax purposes, says an official from the board that hears Ontario property tax appeals. Sharon Latta owns a home near… The post How basement flooding devalued […]

  • Risk appetite for marijuana ‘all over the map’
    by Greg Meckbach on 2018-09-17 at 17:16Some insurance companies “want no part” of covering risks related to cannabis in Canada, an industry analyst warns. As of Oct. 17, it will be legal in Canada for adults to possess up to 30 grams of dried cannabis for… The post Risk appetite for marijuana ‘all over the […]

  • Machines to handle over half of workplace tasks by 2025, report says
    by Jason Contant on 2018-09-17 at 17:00GENEVA – More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labour market will change… The post Machines to handle over half of workplace tasks […]

Canadian Insurance Top Broker

insuranceNEWS

InsureZero

  • TV Wall Mounts: Safety Comes First
    by Lillian Connors on 2018-09-17 at 09:51Whenever redesigning or rearranging your living room, the first thing you should keep in mind is, of course, the safety of your family members. Sure, a beautiful new design will boost the aesthetics of your interior in an instant, but unless the new design is completely safe for everyone living in […]

  • How to Choose the Right Gift for Your Coworkers?
    by David Webb on 2018-09-10 at 22:20Perfect inter-office relationships can make a huge difference in the productivity of the team, which is something you can never afford to downplay or underestimate. One of the ways to achieve this is with small signs of attention and affection, like gifts. The thing is, as a coworker you’re […]

  • How to Choose the Right Computer for a Successful Career
    by David Webb on 2018-09-10 at 13:12Not all computers were created equal, and there comes a time in every entrepreneur’s career when they have to sit down and research the best option for their specific needs. How to Choose the Right Computer for a Successful Career Author: David WebbInsureZero Blog – All you need to know about […]


Insurance Roundup, September 17, 2018

General Insurance

Claims Journal

  • Florence Wind, Storm Surge Could Cause Between $3-$5B in Insured Losses

    on 2018-09-14 at 14:19Torrential wind and storm surge from Hurricane Florence could cause between $3 – $5 billion in insured residential and commercial property losses, according to CoreLogic, a global property information, analytics and data-enabled solutions provider. The new estimate doesn’t include […]

  • Deadly Explosions Near Boston Put Focus on Gas Pipelines

    by Naureen S. Malik, Rachel Adams-Heard and Terrence Dopp on 2018-09-14 at 14:02Federal investigators were dispatched to three towns just outside Boston after dozens of explosions and fires along NiSource Inc.’s natural gas network left at least one person dead and 13 injured and displaced over 8,000 customers. Massachusetts State Police reported […]

  • Truck Driver Had 20 Traffic Violations Prior to Fatal Idaho Crash

    on 2018-09-14 at 09:31An investigation revealed that a truck driver who authorities say caused a crash that killed him and three Idaho airmen had more than 20 traffic violations in several states. Illya Tsar was driving a 2019 Volvo tractor-trailer east on Interstate […]

  • NHL Enters Mediation in Concussion Lawsuit

    by JOHN WAWROW on 2018-09-14 at 09:21NHL Commissioner Gary Bettman downplayed the significance of entering mediation with former players in a bid to settle a concussion lawsuit, saying Tuesday the league is simply following a judge’s order. “The judge asked us to go into mediation and […]

  • Puerto Rico Unveils New Emergency Preparation Plans

    by DANICA COTO on 2018-09-14 at 09:16Puerto Rico’s governor said Tuesday that his administration has adopted new measures to better prepare for a disaster like Hurricane Maria although he warned of limitations given the U.S. territory’s economic crisis. Gov. Ricardo Rossello said two warehouses filled with […]

  • NCCI Examines $10M and up Mega Claims in Workers’ Comp

    on 2018-09-14 at 08:49Mega workers’ comp claims – losses exceeding $10M – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). According to Tony DiDonato, author of the research brief, it’s unclear if this is a […]

  • Carr, Mendocino Complex Fire Insurance Claims Top $845M

    on 2018-09-14 at 08:19Two recent California wildfires are now counted among the most destructive wildfires in the state’s history, according to Insurance Commissioner Dave Jones. Insured residential and commercial losses from the Carr and Mendocino Complex fires top $845 million. The insurance commissioner […]

Insurance Journal

Asia Insurance Review

Global Risk Insights

  • Matteo Salvini and the risk of populism

    by Alexander Brotman on 2018-09-17 at 01:24Recent disputes between Italy’s interior minister and the EU are symptomatic of the failure of member states and the EU as an institution to live up to their ideals. The post Matteo Salvini and the risk of populism appeared first on Global Risk Insights. […]

  • Czech diplomacy in Syria: A protecting power for the West?

    by Louis Cox-Brusseau on 2018-09-11 at 00:42At present the Czech Republic remains the only Member State of the European Union to maintain diplomatic relations with war-torn Syria. Consequently, the Czech mission in Syria frequently provides consular services for EU and US citizens in Syria and intermediary services for external actors. The […]

  • The Week Ahead: 9-15 September

    by Global Risk Insights on 2018-09-10 at 02:15EU Commission presidency election ramping up. Sweden struggles to form a coalition. UK interest rates. All in The Week Ahead. The post The Week Ahead: 9-15 September appeared first on Global Risk Insights. […]

Canadian Underwriter

  • Hub’s Top 3 trends for commercial brokers

    by Jason Contant on 2018-09-16 at 23:25There are indications the commercial insurance market in Canada is starting to see rate hardening, the president of Hub International Canada told Canadian Underwriter Friday. “It hasn’t all hit yet, so I want to be clear on that,” Tina Osen… The post Hub’s Top 3 […]

  • Insurer receives 3,000 vehicle damage claims after two sulphuric acid spills

    by Jason Contant on 2018-09-16 at 23:11The Insurance Corporation of British Columbia (ICBC) has received more than 3,000 claims from two sulphuric acid spills in April and May, the public insurer said Wednesday. The Canadian Press reported mining company Teck Resources as saying two spills of… The post Insurer receives 3,000 […]

  • Commercial insurer Ironshore Canada rebranding

    by Greg Meckbach on 2018-09-16 at 15:30Commercial specialty insurer Ironshore Canada is being re-branded as Liberty Mutual Canada. In addition to Ironshore, Liberty International Underwriters Canada is also being rebranded as Liberty Mutual Canada, the insurer announced Thursday. But for the rest of 2018, “policies will… […]

  • Spotlight on: General Liability

    by Jason Contant on 2018-09-14 at 19:38In general liability lines, where pricing and competition are still healthy, brokers are more likely to notice windows of opportunity starting to close – particularly in the hot tar and hospitality lines. “Competition is out there, capacity is still out… The post Spotlight on: […]

  • Spotlight On: Financial/Legal

    by Jason Contant on 2018-09-14 at 19:28In financial and legal lines of commercial insurance, the Canadian property and casualty insurance market has shown a greater willingness to serve clients who are engaged in mergers and acquisitions (M&A). Representations and warranties (R&W) insurance is a type of… The post […]

Canadian Insurance Top Broker

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Insurance Roundup, September 14, 2018

General Insurance

Claims Journal

  • NCCI Examines $10M and up Mega Claims in Workers’ Comp

    on 2018-09-14 at 08:49Mega workers’ comp claims – losses exceeding $10M – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). According to Tony DiDonato, author of the research brief, it’s unclear if this is a […]

  • Carr, Mendocino Complex Fire Insurance Claims Top $845M

    on 2018-09-14 at 08:19Two recent California wildfires are now counted among the most destructive wildfires in the state’s history, according to Insurance Commissioner Dave Jones. Insured residential and commercial losses from the Carr and Mendocino Complex fires top $845 million. The insurance commissioner […]

  • North Carolina Weakened Building Codes in 2013

    by Ari Natter on 2018-09-13 at 17:36Five years ago, encouraged by home builders and an anti-regulatory zeal, lawmakers in North Carolina joined other states in weakening building code requirements. It’s a decision they may regret as Hurricane Florence takes aim at the Carolinas. The Legislature in […]

  • Industry Expected to Withstand Insured Losses From Florence

    by Denise Johnson on 2018-09-13 at 16:03Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just […]

  • Changes in Florence’s Path, Strength Muddy Cat Bond Traders Understanding of Risk

    by Jeremy Hill on 2018-09-13 at 14:25Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in […]

  • NTSB Seeks Anti-Lock Brakes on New Motorcycles in U.S.

    on 2018-09-13 at 09:09A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the recommendations […]

  • Prepping for Hurricane Florence, Investors Sell Off Insurers

    on 2018-09-13 at 08:45Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week […]

Insurance Journal

Asia Insurance Review

Global Risk Insights

  • Czech diplomacy in Syria: A protecting power for the West?

    by Louis Cox-Brusseau on 2018-09-11 at 00:42At present the Czech Republic remains the only Member State of the European Union to maintain diplomatic relations with war-torn Syria. Consequently, the Czech mission in Syria frequently provides consular services for EU and US citizens in Syria and intermediary services for external actors. The […]

  • The Week Ahead: 9-15 September

    by Global Risk Insights on 2018-09-10 at 02:15EU Commission presidency election ramping up. Sweden struggles to form a coalition. UK interest rates. All in The Week Ahead. The post The Week Ahead: 9-15 September appeared first on Global Risk Insights. […]

  • The peso crisis in Argentina: A risk analysis

    by Ben Margulies on 2018-09-09 at 10:46Argentina’s new currency crisis: what happened this time? Is any comparison with the previous crisis possible? What impact could we expect in the close-term for President Mauricio Macri and the country’s political stability? The post The peso crisis in Argentina: A risk analysis appeared first on […]

Canadian Underwriter

  • New bespoke commercial package covers 7 industry segments

    by Jason Contant on 2018-09-13 at 20:22Commercial insurance clients in multiple industry segments can now receive tailored core coverages under a single package solution. Core coverages include first and third party cyber, D&O liability, media management crisis costs, event cancellation and currency devaluation. Tailored for […]

  • Simple disaster preparation rules that commercial clients forget

    by Greg Meckbach on 2018-09-13 at 19:50Though it pays to be tech-savvy, one way commercial clients can manage risk is to learn to do without the Internet and payment card networks, a disaster restoration professional advises. In the event of a major storm, businesses need to… The post Simple disaster preparation rules that […]

  • Three product ingredients that could cause large claims

    by Greg Meckbach on 2018-09-13 at 19:31If your client makes or supplies beauty care products, they could face bodily injury lawsuits if certain chemicals are present. The “toxic trio” – dibutyl phthalate (DBP), toluene and formaldehyde – are contained in some nail varnishes, body lotions, fragrances… The […]

  • The public’s view on minor injury caps in this province

    by Jason Contant on 2018-09-13 at 17:58Nearly seven in 10 people polled in Newfoundland and Labrador support a cap on auto insurance payouts for minor injuries, Insurance Bureau of Canada (IBC) revealed in a new study. This week, IBC released the results of a public opinion… The post The public’s view on minor injury caps […]

  • Cannabis stores in this province face strict rules for displays and security

    by Jason Contant on 2018-09-13 at 17:30WINNIPEG – Store owners who will sell cannabis in Manitoba will face strict rules about how they display and secure the drug when its recreational use becomes legal next month. New rules set by the province will require that stores… The post Cannabis stores in this province face strict […]

Canadian Insurance Top Broker

insuranceNEWS

InsureZero

  • How to Choose the Right Gift for Your Coworkers?

    by David Webb on 2018-09-10 at 22:20Perfect inter-office relationships can make a huge difference in the productivity of the team, which is something you can never afford to downplay or underestimate. One of the ways to achieve this is with small signs of attention and affection, like gifts. The thing is, as a coworker you’re […]

  • How to Choose the Right Computer for a Successful Career

    by David Webb on 2018-09-10 at 13:12Not all computers were created equal, and there comes a time in every entrepreneur’s career when they have to sit down and research the best option for their specific needs. How to Choose the Right Computer for a Successful Career Author: David WebbInsureZero Blog – All you need to know about […]

  • Financial Aspects of Moving Abroad

    by helen537 on 2018-08-28 at 11:37Moving your life abroad is more about paperwork than moving your possessions. There are hidden expenses, unexpected costs and overages or simply too expensive procedures. When you put it all together, it’s a significant amount. However, it’s better to actually put it all together and […]


Insurance Roundup, September 13, 2018

General Insurance

Claims Journal

Insurance Journal

Asia Insurance Review

Global Risk Insights

  • Czech diplomacy in Syria: A protecting power for the West?
    by Louis Cox-Brusseau on 2018-09-11 at 00:42At present the Czech Republic remains the only Member State of the European Union to maintain diplomatic relations with war-torn Syria. Consequently, the Czech mission in Syria frequently provides consular services for EU and US citizens in Syria and intermediary services for external actors. The […]

  • The Week Ahead: 9-15 September
    by Global Risk Insights on 2018-09-10 at 02:15EU Commission presidency election ramping up. Sweden struggles to form a coalition. UK interest rates. All in The Week Ahead. The post The Week Ahead: 9-15 September appeared first on Global Risk Insights. […]

  • The peso crisis in Argentina: A risk analysis
    by Ben Margulies on 2018-09-09 at 10:46Argentina’s new currency crisis: what happened this time? Is any comparison with the previous crisis possible? What impact could we expect in the close-term for President Mauricio Macri and the country’s political stability? The post The peso crisis in Argentina: A risk analysis appeared first on […]

Canadian Underwriter

  • Is Toronto’s latest storm a cat event?
    by Jason Contant on 2018-09-12 at 20:34Although heavy rain soaked Torontonians during Monday’s morning rush hour, the storm won’t be a catastrophe event, insurance professionals told Canadian Underwriter. “As far as I’m concerned, the rainfall yesterday was a non-event from an insurance perspective,” Glenn […]

  • New property and energy head for Swiss Re Corporate Solutions Canada
    by Greg Meckbach on 2018-09-12 at 19:07Swiss Re Corporate Solutions has appointed Jamie Mullarkey as head of property and energy for Canada, replacing Yvonne Steiner. Swiss Re Corporate Solutions, which writes commercial primary insurance in Canada, targets large and mid-sized organizations. Steiner, who joined Swiss Re… The post […]

  • Will Hurricane Florence affect reinsurance rates in Canada?
    by Jason Contant on 2018-09-12 at 17:19As the southeastern United States braces for Hurricane Florence – one year after Hurricanes Harvey, Irma and Maria caused widespread destruction in the country – the question of whether there is sufficient reinsurance capacity is again thrust into the spotlight.… The post Will […]

  • This storm preparation tip is a myth
    by Greg Meckbach on 2018-09-12 at 15:06As Newfoundland gets hit by the remnants of Tropical Storm Gordon and Hurricane Florence threatens the Carolinas, brokers can make a difference in advising homeowners what not to do as nasty weather approaches. “In Canada, there are not many hurricane-type… The post This storm […]

  • Desjardins Group part of new Canadian cybersecurity collective
    by Jason Contant on 2018-09-12 at 15:00MONTREAL – Security-minded consumers will soon have access to a free app designed to protect their data from cybersecurity threats. The digital app, called Protection, is designed to help users detect security breaches and scamming attempts in their emails, texts… The post Desjardins […]

Canadian Insurance Top Broker

insuranceNEWS

InsureZero

  • How to Choose the Right Gift for Your Coworkers?
    by David Webb on 2018-09-10 at 22:20Perfect inter-office relationships can make a huge difference in the productivity of the team, which is something you can never afford to downplay or underestimate. One of the ways to achieve this is with small signs of attention and affection, like gifts. The thing is, as a coworker you’re […]

  • How to Choose the Right Computer for a Successful Career
    by David Webb on 2018-09-10 at 13:12Not all computers were created equal, and there comes a time in every entrepreneur’s career when they have to sit down and research the best option for their specific needs. How to Choose the Right Computer for a Successful Career Author: David WebbInsureZero Blog – All you need to know about […]


Insurance Roundup, September 12, 2018

General Insurance

Claims Journal

Insurance Journal

Asia Insurance Review

Global Risk Insights

  • Czech diplomacy in Syria: A protecting power for the West?
    by Louis Cox-Brusseau on 2018-09-11 at 00:42At present the Czech Republic remains the only Member State of the European Union to maintain diplomatic relations with war-torn Syria. Consequently, the Czech mission in Syria frequently provides consular services for EU and US citizens in Syria and intermediary services for external actors. The […]

  • The Week Ahead: 9-15 September
    by Global Risk Insights on 2018-09-10 at 02:15EU Commission presidency election ramping up. Sweden struggles to form a coalition. UK interest rates. All in The Week Ahead. The post The Week Ahead: 9-15 September appeared first on Global Risk Insights. […]

  • The peso crisis in Argentina: A risk analysis
    by Ben Margulies on 2018-09-09 at 10:46Argentina’s new currency crisis: what happened this time? Is any comparison with the previous crisis possible? What impact could we expect in the close-term for President Mauricio Macri and the country’s political stability? The post The peso crisis in Argentina: A risk analysis appeared first on […]

Canadian Underwriter

  • Your clients are ready to dive in to their vacation. Are you helping them breathe easy?
    by Ad Ops on 2018-09-11 at 20:35Swimming in a crystal blue ocean, soaking up a warm tropical sun. Travelling is all about the experiences that help you become one with the moment. But when those experiences result in the unexpected, travel protection becomes a universal need.… The post <span id=”paidTag” class=”btn […]

  • Why Quebec’s largest brokerage doubled up on life insurance
    by Jason Contant on 2018-09-11 at 20:30For its latest acquisition, Quebec’s largest brokerage decided to look outside its traditional stronghold of property and casualty insurance, which represents about 90% of its revenue base. On Aug. 8, Lussier Dale Parizeau announced the acquisition of Trinome Conseils. Patrice… The […]

  • Canadian hail insurance broker acquired by Hub
    by Greg Meckbach on 2018-09-11 at 19:48Hub International Ltd. continues to buy Canadian property and casualty brokerages, with the acquisition of Ottawa-based Access Insurance Brokers Inc. as well as a Saskatchewan provider of farm insurance. Chicago-based Hub announced Monday it has acquired Frontier Business Centre Ltd.,… The […]

  • How to limit autonomous vehicle liability disputes
    by Jason Contant on 2018-09-11 at 19:02Legislation on autonomous vehicles needs to be ironed out well in advance of these vehicles becoming mainstream to prevent insurance payout disputes before an injured party receives compensation, an insurance lawyer said recently. Jonathan Grnak, an insurance lawyer with Danson… The post How […]

  • Judges disagree on whether this collision was a ‘true accident’
    by Greg Meckbach on 2018-09-11 at 18:33A motorist who is being sued by his passenger after a single-vehicle accident wants his case heard by the Supreme Court of Canada. The issue at hand is whether the single-vehicle crash was a “true accident,” in which nobody can… The post Judges disagree on whether this collision […]

Canadian Insurance Top Broker

insuranceNEWS

InsureZero

  • How to Choose the Right Gift for Your Coworkers?
    by David Webb on 2018-09-10 at 22:20Perfect inter-office relationships can make a huge difference in the productivity of the team, which is something you can never afford to downplay or underestimate. One of the ways to achieve this is with small signs of attention and affection, like gifts. The thing is, as a coworker you’re […]

  • How to Choose the Right Computer for a Successful Career
    by David Webb on 2018-09-10 at 13:12Not all computers were created equal, and there comes a time in every entrepreneur’s career when they have to sit down and research the best option for their specific needs. How to Choose the Right Computer for a Successful Career Author: David WebbInsureZero Blog – All you need to know about […]


Insurance Roundup, September 11, 2018

General Insurance

Claims Journal

  • State Farm Changes Advertising Direction With NFL, NBA Stadium Deals
    by Eben Novy-Williams on 2018-09-10 at 13:58One of the sports world’s biggest advertisers, State Farm doubled down last week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State Farm Stadium, commitments of 20 and 18 […]

  • California Wildfires Drain Firefighting Budget
    by NOAH BERGER and PAUL ELIAS on 2018-09-10 at 13:42California is taking a financial wallop from unrelenting wildfires that have drained its firefighting budget and prompted nearly $1 billion in property claims even before the start of the dangerous fall fire season, officials said Thursday. The disclosures came as […]

  • Florence Forecast to Hit East Coast Hard
    by Brian K. Sullivan on 2018-09-10 at 13:26Top winds for Hurricane Florence grew to 105 miles (169 kilometers) per hour as it pushed westward toward the U.S. East Coast, a major threat to homes, agriculture and the waning tourist season. The storm’s winds grew by 35 miles-per-hour […]

  • Business News: Athenium Analytics, EagleView/PrecisionHawk,
    on 2018-09-10 at 09:08Weather Analytics Rebrands as Athenium Analytics After Merger Weather Analytics LLC, a provider of risk analysis for insurance carriers, announced significant additions to its product suite and renaming of the company to Athenium Analytics. Additional products being introduced this fall […]

  • Utah Driver Sues Tesla After Crash in Autopilot Mode
    by BRADY McCOMBS on 2018-09-10 at 08:16A Utah driver who slammed her Tesla into a stopped firetruck at a red light earlier this year while using the vehicle’s semi-autonomous function has sued the company, saying salespeople told her the car would stop on its own in […]

  • The Case of Nearly Being Pushed Through the Wringer
    by Rob Lowell, Enservio on 2018-09-10 at 08:05Unlike today’s automatic washers, where the processes of both soil removal and water extraction (wringing) are done in the same device, early clothes washing required the use of a washer and separate extractor. We can trace the history of today’s […]

  • Michigan Plans to Install 1,300 Roadside Reflectors Along M-22
    on 2018-09-07 at 09:55The Michigan Department of Transportation plans to place hundreds of bright white reflectors along a popular road in the Traverse City region in an effort to prevent crashes caused by drivers veering out of their lane. The $300,000 project includes […]

Insurance Journal

Asia Insurance Review

  • Australia: Royal commission hears about abuses by insurers
    on 2018-09-11 at 15:09An inquiry into Australia’s financial sector yesterday heard examples of possible misconduct by insurance companies, including spying on policyholders, overcharging customers and misleading sales calls, reports Reuters. […]

  • Global: Pressing need for dialogue between insurers and supervisors on innovation
    on 2018-09-11 at 15:09The Global Federation of Insurance Associations (GFIA) has said that there is a pressing need for more dialogue between insurers, supervisors and the IAIS in order to achieve a balanced approach that encourages and supports innovation, while assuring legal compliance. […]

  • Monte-Carlo calling: ILS market forecast to grow up
    on 2018-09-11 at 15:09An expert panel of reinsurers, investors and other industry specialists predicted that insurance linked securities (ILS) are likely to grow in both scale and maturity in the year ahead. […]

  • India: Insurance market to be US$280bn industry by 2019-20, says Assocham
    on 2018-09-11 at 15:09The Indian insurance industry is expected to grow to $280bn by the fiscal year ending March 2020 (FY2020), aided by the government’s Ayushman Bharat health insurance scheme, industry chamber Assocham has said, citing a joint study conducted with research firm APAS. […]

  • China: Insurance introduced for the first time to guarantee customs duty payments
    on 2018-09-11 at 15:09The customs authorities in several cities in China, including Beijing and Shanghai, have started since 1 September a pilot scheme for customs surety insurance to help trading companies ease their financial burdens in foreign trade. It is the first time that the customs authorities are introducing […]

Global Risk Insights

  • Czech diplomacy in Syria: A protecting power for the West?
    by Louis Cox-Brusseau on 2018-09-11 at 00:42At present the Czech Republic remains the only Member State of the European Union to maintain diplomatic relations with war-torn Syria. Consequently, the Czech mission in Syria frequently provides consular services for EU and US citizens in Syria and intermediary services for external actors. The […]

  • The Week Ahead: 9-15 September
    by Global Risk Insights on 2018-09-10 at 02:15EU Commission presidency election ramping up. Sweden struggles to form a coalition. UK interest rates. All in The Week Ahead. The post The Week Ahead: 9-15 September appeared first on Global Risk Insights. […]

  • The peso crisis in Argentina: A risk analysis
    by Ben Margulies on 2018-09-09 at 10:46Argentina’s new currency crisis: what happened this time? Is any comparison with the previous crisis possible? What impact could we expect in the close-term for President Mauricio Macri and the country’s political stability? The post The peso crisis in Argentina: A risk analysis appeared first on […]

Canadian Underwriter

  • This reinsurer says rates need to go up
    by Jason Contant on 2018-09-10 at 19:40Underwriting margins will need to improve by at least six to nine points in major western markets to deliver sustainable returns, according to the latest sigma report from global reinsurer Swiss Re. The report Profitability in non-life insurance: mind the… The post This reinsurer says rates […]

  • The home insurance exclusion your clients probably don’t know about
    by Greg Meckbach on 2018-09-10 at 19:09Knowing what their property insurance actually covers is a “big missing link” in teaching homeowners how to manage flood risk. “Most people have no idea that you can’t get seepage coverage in most cases,” Cheryl Evans, director of the home… The post The home […]

  • Where Canada should look for regulation on autonomous vehicles
    by Jason Contant on 2018-09-10 at 18:32Canadian provinces seeking guidance on addressing liability issues of autonomous vehicles could look to the United Kingdom as an example, an insurance lawyer told Canadian Underwriter Friday. The UK has a bill in the reading stages that, if passed, would… The post Where Canada should look […]

  • How Guidewire is changing its approach to the market
    by Greg Meckbach on 2018-09-10 at 17:21Guidewire Software Inc. is “not interested” in building a services organization and is touting its new analytics and data services group to insurance buyers. The new analytics and data services group – formed after the acquisition in 2017 of modelling… The post How […]

  • Canada sees info ‘gaps’ about dangerous goods moving through North
    by Jason Contant on 2018-09-10 at 17:00OTTAWA – The federal government says it doesn’t know enough about how, when and where dangerous goods move through the Canadian North, highlighting the potential risks of a major spill or other disaster. As a result, Transport Canada acknowledges the… The post Canada sees info […]

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InsureZero

  • How to Choose the Right Gift for Your Coworkers?
    by David Webb on 2018-09-10 at 22:20Perfect inter-office relationships can make a huge difference in the productivity of the team, which is something you can never afford to downplay or underestimate. One of the ways to achieve this is with small signs of attention and affection, like gifts. The thing is, as a coworker you’re […]

  • How to Choose the Right Computer for a Successful Career
    by David Webb on 2018-09-10 at 13:12Not all computers were created equal, and there comes a time in every entrepreneur’s career when they have to sit down and research the best option for their specific needs. How to Choose the Right Computer for a Successful Career Author: David WebbInsureZero Blog – All you need to know about […]


Insurance Roundup, September 10, 2018

General Insurance

Claims Journal

Insurance Journal

  • CBS CEO Moonves Resigns Amid Sexual Harassment Allegations
    by Kenneth Li on 2018-09-10 at 05:00CBS Corp. CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment. CBS also announced a deal to end litigation against controlling shareholder Shari Redstone and National Amusements Inc. for […]

  • Report on California’s Independent Medical Review Shows Continued Progress
    by Don Jergler on 2018-09-10 at 05:00An annual progress report from the California Department of Workers’ Compensation’s Independent Medical Review program shows it’s working as intended. IMR is a medical dispute resolution process that uses medical expertise to obtain consistent, evidence-based decisions and is a […]

  • How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s
    on 2018-09-10 at 05:00The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors Service. “Commercial insurers held up well […]

  • Washington Fines Insurance Providers, Including T-Mobile, for Illegal Rebates
    by Don Jergler on 2018-09-10 at 05:00Washington Insurance Commissioner Mike Kreidler issued fines in July totaling $115,050 against insurance companies, agents and brokers for reported violations of state insurance regulations. The alleged violators and their reported violations include: Agents and brokers T-Mobile USA Inc., Bellevue; […]

  • California Cites Garment Contractors $570K, Some Lacked Workers’ Comp
    by Don Jergler on 2018-09-10 at 05:00The California Labor Commissioner’s Office has cited six Los Angeles area garment contractors $573,704 for labor law violations after uncovering a scheme where the contractors illegally operated under one license to avoid compliance. Four of the contractors did not have […]

  • Heavy Rains from Gordon Cause Dam Breach in Mississippi
    by Jeff Amy on 2018-09-10 at 04:29Officials said that a dam is breaching on the edge of Mississippi’s Delta region after heavy rains during Tropical Storm Gordon. The National Weather Service issued a flood warning for parts of Carroll County downstream from Murdock Lake, where water […]

  • Large Hole Opens Between 2 Homes in Florida
    on 2018-09-10 at 04:23A large hole has opened between two homes in a gated community in Florida. Pasco County officials said in an email sent Sept. 5 that about half of the hole – which is 40-feet (12-meters) across and 20-feet (6-meters) deep […]

Asia Insurance Review

Global Risk Insights

  • The Week Ahead: 9-15 September
    by Global Risk Insights on 2018-09-10 at 02:15EU Commission presidency election ramping up. Sweden struggles to form a coalition. UK interest rates. All in The Week Ahead. The post The Week Ahead: 9-15 September appeared first on Global Risk Insights. […]

  • The peso crisis in Argentina: A risk analysis
    by Ben Margulies on 2018-09-09 at 10:46Argentina’s new currency crisis: what happened this time? Is any comparison with the previous crisis possible? What impact could we expect in the close-term for President Mauricio Macri and the country’s political stability? The post The peso crisis in Argentina: A risk analysis appeared first on […]

  • Dollar appreciation against the real likely to impact Brazil’s economic recovery
    by Lorena Valente on 2018-09-09 at 10:40The US dollar’s appreciation has caused concern regarding Brazil’s economic recovery – which has been driven by its internal market – given its pressure on inflation and the possible decrease in consumption as products become more expensive. The post Dollar appreciation against […]

Canadian Underwriter

  • Did settling soil or sudden water leak cause this home damage?
    by Greg Meckbach on 2018-09-09 at 01:23A disputed home insurance claim could go to trial because the carrier has accessed 22-year-old court records from the claimant’s divorce. In September, 2009, Douglas Cotter noticed the patio along the front of his Penticton, British Columbia home had shifted.… The post Did settling […]

  • Ontario already near $1 billion in insured damage in 2018
    by Jason Contant on 2018-09-09 at 01:16With almost three months left in the year, severe weather in Ontario alone has already caused almost $1 billion in insured damage, Insurance Bureau of Canada (IBC) reported Friday. One of the most recent events occurred Aug. 7, when a… The post Ontario already near $1 billion in insured […]

  • Top 3 measures to mitigate home flood risk
    by Greg Meckbach on 2018-09-07 at 20:07Your book of business could have lower water losses if you give homeowner clients just three pieces of advice. First, homeowners should figure out whether their home actually has a backwater valve, said Cheryl Evans, director of the home flood… The post Top 3 measures to mitigate home flood […]

  • Where Canada ranks worldwide in cyber breaches
    by Jason Contant on 2018-09-07 at 19:45The importance of obtaining cyber insurance has again hit home, following the release of a report that found by mid-2018, Canada was the country with the third most cyber incidents in the world and ninth most exposed records. Last month,… The post Where Canada ranks worldwide in cyber […]

  • B.C. cancels wildfire state of emergency, thousands still evacuated
    by Jason Contant on 2018-09-07 at 19:30VICTORIA – The British Columbia government has cancelled the state of emergency it declared in August when hundreds of wildfires engulfed the province. The government says cooler weather and progress in containing the forest fires means the powers granted under… The post B.C. cancels […]

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Insurance Roundup, September 7, 2018

General Insurance

Claims Journal

Insurance Journal

Asia Insurance Review

Global Risk Insights

Canadian Underwriter

Canadian Insurance Top Broker

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Insurance Roundup, September 6, 2018

General Insurance

Claims Journal

  • Insurers Dive into Private Flood Coverage

    by Denise Johnson on 2018-09-05 at 16:44Recent hurricanes have highlighted the flood insurance gap. Hurricanes Harvey, Irma and Maria caused a record $135 billion in damages, according to Munich Re estimates. Remarkably, less than half were insured losses. “There were a lot of losses that occurred […]

  • State Farm Avoids Racketeering Trial With $250M Settlement

    by Tim Bross, Margaret Cronin Fisk and Jef Feeley on 2018-09-05 at 14:08State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers […]

  • Blame Game Begins Over Who is at Fault for Rio Museum Fire

    by PETER PRENGAMAN on 2018-09-05 at 09:47Smoke rose Monday from the burned-out hulk of Brazil’s National Museum, as recriminations flew over who was responsible for the loss of at least part of Latin America’s largest archive of historical artifacts, objects and documents. The museum’s director said […]

  • Climate Change-Driven Wildfires Reshape West

    by MATTHEW BROWN on 2018-09-05 at 09:10Wildfires in the U.S. have charred more than 10,000 square miles so far this year, an area larger than the state of Maryland, with large fires still burning in every Western state including many that are not fully contained. Whether […]

  • FEMA Slammed for Puerto Rico Hurricane Response by Government Watchdog

    by Christopher Flavelle on 2018-09-05 at 08:57The federal government’s chief watchdog slammed the Federal Emergency Management Agency’s response to the hurricane that killed thousands of people in Puerto Rico last year, saying it was unprepared and failed to deploy enough qualified staff. The U.S. Government Accountability […]

  • Hawaii County Needs $800M for Volcano Recovery

    on 2018-09-05 at 08:56Hawaii County officials say they need $800 million to recover from the Kilauea volcano disaster. The Hawaii Tribune-Herald reports Managing Director Wil Okabe said last week that the county needs that amount to ensure the island’s long-term recovery from the […]

  • Lake Shore Drive in Chicago Sees Most High-Speed Tickets

    on 2018-09-05 at 08:43Chicago’s Lake Shore Drive is a hot spot for high-speed ticketing, according to city police data. The scenic highway along Lake Michigan accounts for more than half of all such citations in the city, the Chicago Tribune reported. The number […]

Insurance Journal

Asia Insurance Review

Global Risk Insights

Canadian Underwriter

  • Ontario auto insurer’s examiner gets day in court

    by Greg Meckbach on 2018-09-05 at 23:33Last week’s court ruling against a prominent personal injury lawyer could give Ontario auto insurers’ medical examiners recourse if those doctors feel their conduct has been publicly maligned. Dr. Howard Platnick is a Toronto physician who does medical examinations for… The post […]

  • How to handle grieving clients

    by Jason Contant on 2018-09-05 at 23:20Brokers are used to responding to clients’ questions about their insurance needs, but are they always able to effectively handle grieving customers? The million-dollar question is how to ensure brokers are building enduring and caring customer relationships, while also protecting… The […]

  • How much buyers are willing to pay for online books of business

    by Jason Contant on 2018-09-05 at 19:37Buyers are pricing in potential future market disruption, such as online distribution, when buying a broker’s books of business, a P&C transaction advisor told Canadian Underwriter Wednesday. Mike Berris, partner and practice group leader with Vancouver-based Smythe Advisory said […]

  • Cannabis legalization raises questions on host liability

    by Greg Meckbach on 2018-09-05 at 19:02The legalization of marijuana next month leaves some key questions for commercial clients who serve alcohol. “What if an individual comes in already smelling of marijuana and the bartender is unsure what their level of impairment is?” asked Mouna Hanna, … The post Cannabis […]

  • Unpredictable sinkhole in Nova Scotia takes bite out of parking lot

    by Jason Contant on 2018-09-05 at 19:00OXFORD, N.S. – A large sinkhole that has swallowed trees and picnic tables in a Nova Scotia park has now taken a bite out of a parking lot, as the natural phenomenon continues to capture the attention of geological experts… The post Unpredictable sinkhole in Nova Scotia takes bite out […]

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