Hurricane Isaias puts $71.8 billion in Gulf Coast commercial property at risk
The first US hurricane threat in nearly two years brings flood, deductible and BI gaps back into focus for commercial clients
Insurance News
Executives Take Pay Cuts Over Staff Misconduct at Prudential Japan
Top executives at Prudential Financial Inc.’s Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct involving customers’ money. P
UK Court Refuses Permission to Appeal in Diesel Emissions Lawsuits Against Carmakers
London’s High Court on Thursday refused claimants permission to appeal against its July decision which broadly found in favor of some of the world’s biggest carmakers over diesel emissions
Markets/Coverages: Amica Offers Free Flume Water Leak Monitoring to Insureds
Amica Insurance announced a program that provides policyholders with access to a smart water leak detection monitoring service. Under a partnership with technology firm Flume, Amica home policyholders
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare
Isaias suddenly strengthened into a Category 3 hurricane as of Friday morning, Oct. 9, and remained on course to hit the Pensacola-Panhandle area of Florida with more than six feet of storm surge, str
Aegon shareholders back US move as company prepares to become Transamerica
Shareholders have now backed the move to Delaware and New York.
Copy-paste test results: Allstate claims $1.3M no-fault fraud
Every patient got the same test results - word for word
TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
The TT Club and the UK P&I Club’s members have agreed to merge, creating the first transport mutual to span the full cargo supply chain, according to a joint statement on Friday. The combined mutu
Isaias puts $71.8 billion in Gulf Coast commercial property in its path
Last year was the first hurricane season in a decade without a US landfall, and many commercial clients haven’t tested their hurricane terms since
Asurion completes Domestic & General takeover
From washing machines to smartphones, Asurion now owns the cover. Its D&G deal has officially closed.
Bajaj Finserv, Aviso Specialty, Swiss Re CorSo, Everest, Lockton: 13 APAC insurance people moves of the week
InsuranceAsia News wraps up the people moves from the insurance industry in Asia this week. 1. Bajaj Finserv picks ex-GIC chairman to lead reinsurance foray Indian financial services group Bajaj Finse
California brokers lose their pricing lever as risk turns collective
Rajni Kapur on carrier appetite, E&O exposure and the sales pitch brokers can't make anymore
GEICO sues Brooklyn supplier over alleged $733K no-fault equipment fraud
Laser therapy for a fender bender - same device, every patient, $3,750 a pop
$850K insurer check for nonexistent settlement must be returned, court rules
An insurer paid for a deal that was never struck. Getting the money back took a contempt order
Desk adjuster requests soar as claims veterans head for retirement
Carriers lean harder on remote claims staff as field talent thins, says Mid-America’s Henry Maley
Eric Leavitt elected to lead CIAB board as soft market takes hold
The Leavitt Group CEO succeeds CRC Group’s John Howard at the head of the association that places the majority of US commercial P&C premiums
Poor health costs US employers far more than sick days suggest
New Vitality data finds most health-related productivity loss happens while employees are still at work
Agent-sold life policies gain ground as direct satisfaction slips: JD Power
Satisfaction with direct-to-consumer life insurance fell 12 points while agent and advisor channels improved
Florida bars local governments from rewarding contractors on pay and benefits
HB 433 ends local bidding preferences for contractors offering superior pay, hitting Broward and Miami-Dade service firms hardest
Howden Re hires Titus Wu as associate director for APAC facultative
Howden Re has appointed Titus Wu as associate director for facultative in APAC, based in Singapore, according to a LinkedIn update. Wu (pictured) relocated to Singapore from Hong Kong for the new role
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