Industry News

Insurance Journal

At Least 30 Injured When Floor Collapses at South Carolina Condo Clubhouse

Oct 23, 2018 The floor of a condominium clubhouse near Clemson University collapsed during a large private party early Sunday, hurtling dozens of people into the...

Honeywell Facing SEC Probe Over Asbestos Liabilities Reporting

Oct 23, 2018 Honeywell International Inc. said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related...

Verisk Product Scores Properties on Flood Risk; Could Replace Outdated Flood Maps

Oct 23, 2018 Data analytics firm Verisk is touting the launch of WaterLine, an underwriting tool that scores flood risk for all properties in the contiguous...

A.M. Best Upgrades Workers’ Comp Carrier ICW Group in California

Oct 23, 2018 A.M. Best Company has upgraded the Financial Strength Rating of San Diego, Calif.-based ICW Group Insurance Cos. to “A” (Excellent) from a “Stable...

Best's Reviews

New York Insurance Superintendent Voices Concerns About CVS-Aetna Merger

Oct 22, 2018 New York Insurance Superintendent Maria Vullo said she has concerns about the impact of the proposed $69 billion merger between CVS Health...

Hyperion to Launch New Data, Analytics and Digital Platform Business on Jan. 1

Oct 22, 2018 Hyperion Insurance Group Ltd. said it created its fourth business, Hyperion X, to be launched on Jan. 1, 2019, with the aim of...

Axis Capital Fills New Role of Global Corporate Controller

Oct 22, 2018 Axis Capital Holdings Ltd. has named Kent Ziegler to the newly created position of global corporate controller. Ziegler will lead the group reporting,...

Brown & Brown Acquisition of Hays Cos. to Bring $200 Million of Annualized Revenue

Oct 22, 2018 Brown & Brown Inc. has agreed to acquire Hays Cos., an agency with 700 employees and about $200 million of annualized...

Claims Journal

New Mexico Appeals Court Says Employee Owed Workers’ Comp

Oct 22, 2018 An employee that tripped and fell at work is owed workers’ compensation benefits despite his employer’s argument that the accident didn’t arise our of and...

NTSB Hasn’t Been Able to Fully Examine Limo in Fatal Crash

Oct 22, 2018 Federal safety investigators have been unable to conduct a full examination of the limousine involved in a crash that killed 20 people nearly two weeks ago in upstate New...

West Coast Earthquake Warning System Operational, But Limited

Oct 22, 2018 Automated alerts from the fledgling West Coast earthquake early warning system are ready to be used broadly by businesses, utilities, schools and other entities but not...

Japan Orders Fix for Questionable Quake Shock Absorbers

Oct 22, 2018 The Japanese government on Friday ordered a company that falsified quality data for earthquake “shock absorbers” used in hundreds of buildings to speed up...