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News – Insurance Journal

Exploring the Jump in Mega Workers’ Compensation Claims
Mega workers’ comp claims – losses exceeding $10M – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). It’s unclear if this is a one time occurrence or a new trend for the …

POSTED SEPTEMBER 19, 2018 1:56 PM
Why Small Mutual P/C Insurers, Insurtechs May Need Each Other: A.M. Best
Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face heightened competition amid an insurance industry that is being transformed by technological, economic and demographic …

POSTED SEPTEMBER 19, 2018 1:29 PM
New Hampshire’s Optisure Risk Partners Hires Needham
Optisure Risk Partners, based in Manchester, N.H., has hired Beth Needham as insurance operations manager and best practices leader. In this role, she will serve as a contributing member of the Optisure leadership team, offering insurance operations experience in service, …

POSTED SEPTEMBER 19, 2018 1:08 PM
Alliant Insurance Services Launches Maryland-Based Imperium Consulting Group
Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has launched Imperium Consulting Group, a specialized advisory business that works with clients to better manage commercial risks as well as resolve complex claims and disputes. Imperium is based …

POSTED SEPTEMBER 19, 2018 12:58 PM
Lawsuit Targets Massachusetts Utility Over Deadly Gas Explosions
A resident of a Massachusetts city rocked by last week’s deadly gas blasts that damaged dozens of homes sued utility operator NiSource Inc on Tuesday, accusing it of inadequately maintaining its distribution system. The proposed class action lawsuit targets NiSource …

POSTED SEPTEMBER 19, 2018 12:44 PM
Americans’ Interest in Self-Driving Cars Goes in Reverse
Less than half of Americans (43 percent) are interested in utilizing self-driving cars, down from 53 percent last year. According to an annual sharing economy index by Allianz Global Assistance, the lack of interest is primarily attributed to safety concerns …

POSTED SEPTEMBER 19, 2018 12:41 PM
After Blasts, Massachusetts Gas Customers Face Long Wait
The blast of high-pressure natural gas that led to dozens of home explosions last week in Massachusetts very likely damaged the system’s antiquated pipeline network and could lead to a long period of testing and repairs before full service is …

POSTED SEPTEMBER 19, 2018 12:37 PM
Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit
A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market Association’s (LMA)* wordings team, working closely with the …

POSTED SEPTEMBER 19, 2018 9:52 AM
Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion
Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]* to splash the cash, agreeing to …

POSTED SEPTEMBER 19, 2018 9:35 AM
BHSI Expands Team in Dubai with Product Line, Service Appointments
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has further expanded its leadership team in the Dubai International Financial Centre (DIFC), with the appointment of executives to fill key product line and service posts. “Building a strong foundation of …

POSTED SEPTEMBER 19, 2018 8:37 AM

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