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The latest business news for the Property & Casualty insurance industry

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Gallagher: medium-sized companies are key targets for D & O claims

A hard market looms up for liability insurance for directors and managers (D & O). The back of 2018 saw a dramatic reorientation of acceptance discipline, when carriers continue to fight record numbers of class actions and an increasing number… Continue Reading →

Windshield damage claims: insurance companies earn a claim

Supporters say the proposal could prevent shady insurance claims. Opponents say it would hurt small businesses. But after a lengthy debate on Wednesday, a parliamentary group approved a bill (HB 323) that would prevent auto glass shops from offering cash,… Continue Reading →

How can the fuel changes of the IMO before 2020 affect the exposure of shipping companies?

The global maritime industry is well on the way to a new global 0.5% fuel sulfur limit, which will be imposed by the International Maritime Organization (IMO) on 1 January 2020. From that date, shipowners and charterers can legally travel… Continue Reading →

How insurance companies can help their own people in times of crisis

The insurance career of Ryan Moss began early – right after graduating with a business administration and management at the University of Texas in 1996 in Arlington, he established an independent insurance agency in the Houston metro area. For the… Continue Reading →

Colorado lawmakers bring back a bill to help insurance companies cover claims for high health care costs

In an effort to reduce insurance premiums in the state, Colorado lawmakers will again consider creating a program to help insurers cover the sickest, and therefore the most expensive patients. Legislators tabled a bill in the House today to create… Continue Reading →

Booker asks about his possible support for the elimination of insurance companies

Senator Cory Booker / Getty Images BY: Mikhael Smits To follow @mikhaelsmits February 1, 2019 at 2:13 pm Senator Cory Booker (D., N.J.) spent a minute and a half Friday eluding the question of whether he would support the government… Continue Reading →

Companies that deal with energy and renewable energy have to deal with disruptions, research suggests

Brokers beware – the conventional energy and renewable energy sector must prepare for interruptions from various sources, including unfavorable developments in the insurance market, according to a report from Willis Towers Watson. The company of the global broker & #… Continue Reading →

Health groups tackle drug policies of insurance companies

A bill submitted to the Legislature would give more weight to doctors and patients as to whether insurance companies could deny drugs to patients when similar and cheaper prescription drugs are available. Lawyers say the measure would prevent some insurance… Continue Reading →

Health groups tackle drug policies of insurance companies

Physicians and patients would have more say on whether insurance companies could deny drugs to patients when similar, cheaper prescription drugs are available, if a bill becomes law in Maine . The lawyers say the bill would prevent some insurance… Continue Reading →

Nearly 30 million people will change insurance companies in 2019

This year, more than 28 million people plan to make the switch from insurance companies such as GEICO, Allstate, Progressive and State Farm, according to the Consumer Intelligence Platform Resonate. With some important insights into the motivations and needs of… Continue Reading →

These are the top 25 largest insurance companies in the world

The top 25 largest insurance companies in the world, through booked net premiums (NPW) and non-banking assets, has been disclosed by the global rating agency A.M. Best. The United States-based health insurance giant, United Health Group Incorporated, has taken the… Continue Reading →

It is time for insurance companies to realize the opportunities in blockchain

The insights about data and the risks of ownership change, thanks to the growing popularity of technologies such as blockchain and the Internet of Things (IoT). Although the insurance sector's interest in data collection and privacy is large and some… Continue Reading →

Engaging US construction companies are faced with the comp-risks of new employees

Construction workers form the basis of the American economy. They are the worker bees that build the hive that is America, and as such it is essential that they are protected with compensation coverage for employees who are suitable for… Continue Reading →

Companies view Cyber, Business Interruption as greater risks than disasters

Cyber ​​incidents are in line with business interruptions as the main risks facing international companies, according to a survey by Allianz Global Corporate & Specialty (AGCS). The impact of business interruptions (including supply chain disruption) is the biggest risk for… Continue Reading →

Tlaib Trashes Obamacare, written by insurance companies, creating winners and losers in the field of health

BY: David Rutz To follow @DavidRutz January 22, 2019 5:21 PM Representative Rashida Tlaib (D., Mich.) Tore Obamacare as written by insurance companies and for creating "winners and losers" in the field of health in a new meeting on the… Continue Reading →

Some insurance companies settle their claims without medical report to prove their injuries

Some insurance companies settle claims for bodily injury without medical report proving that the injuries have occurred, said the state minister responsible for the region. Michael D'Arcy, Minister of State at Department of Finance with special responsibility for insurance, has… Continue Reading →

Plans for Garda fraud unit funded by insurance companies "will not happen"

Minister of State Michael D'Arcy. Photo: Damien Eagers Plans for Garda fraud unit funded by insurance companies "will not happen" Independent.ie The Garda commissioner and the minister responsible for insurance reform have defeated the insurers' plans to fund a new… Continue Reading →

Abortionists go to bat for insurance companies

Getty Images BY: Bill McMorris To follow @FBillMcMorris January 10, 2019 at 3:15 pm One of the most important abortion lobbyists in the country is asking the Trump administration not to overburden insurance companies with new Obamacare regulations. The National… Continue Reading →

IUB requires oil companies to file a statement of assurance – Fort Dodge Messenger • messengernews.net

-Messenger file photo by Hans Madsen George McCloskey, a protester from the Dakota Access Pipeline of Des Moines, returns after following a piece of construction equipment along the pipeline route near 390th Street and US Highway 169 near Dayton. October… Continue Reading →

China will open up to foreign companies in the run-up to the G20 summit • Good Assurance

BEIJING – China paved the way for foreign companies before the summit with President Trump and other Western leaders. China paved the way for the German insurer Allianz SE. With the meeting of the group of 20 leading economies that… Continue Reading →

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