Industry News

Business Insurance

Apple, Cisco team up to push for cyber security insurance discounts

Jun 26, 2017 (Reuters) — Apple is working with Cisco Systems to help businesses that primarily use gear...

Lloyd’s of London CEO warns of belt-tightening ahead

Jun 26, 2017 A 10% cut in corporate headcount and continued focus on costs will pave the way forward for Lloyd’s of London,...

Property/casualty insurer profit drops 42.2% in first quarter

Jun 26, 2017 The private U.S. property/casualty insurance sector’s first-quarter 2017 net income fell 42.2%...

Charges against artificial hip maker not pre-empted by federal law

Jun 26, 2017 A federal appeals court has reinstated negligence and product liability claims against...

Best's Reviews

Four-term GOP House Member Appointed as Florida’s New Chief Financial Officer

Jun 26, 2017 Florida Gov. Rick Scott has named former four-term Republican state representative Jimmy Patronis as the state’s new Chief Financial...

AHIP Questions Medicaid Cuts in ACA Bill; Some Senators Seek Slower Pace for Vote

Jun 26, 2017 America’s Health Insurance Plans expressed concern the new Senate bill designed to replace the Affordable Care Act would cut...

Lloyd’s CEO: Job Cuts Ahead as Market Seeks to Address ‘Performance Gaps’

Jun 26, 2017 Lloyd’s is facing tough tasks including job cuts, preparation for the United Kingdom’s exit from the European Union, an effort to improve...

Zenefits FTW Insurance Services Agrees to Pay $3.4 Million to Cover Payments to Employees

Jun 26, 2017 Zenefits FTW Insurance Services has reached a $3.4 million agreement with the U.S. Labor Department to settle a probe that...

Property Casualty 360

Anthem agrees to $115 million settlement over data breach

Jun 26, 2017 Anthem agreed to pay $115 million to resolve consumer claims over a 2015 cyber-attack that compromised data on 78.8 million people,...

Lloyd's of London to cut 10% of U.K. staff as rates bite

Jun 26, 2017 Lloyd’s plans to introduce a new organization structure in the fourth quarter and the job cuts will be part of that change.

2017 Travelers Championship brings in more than $1.6 million for charity

Jun 26, 2017 While Jordan Spieth's shot on the 18th hole may have stolen the show, Travelers $1.6 million for charity is the real...

Moving your insurance agency from maintenance to multiplication

Jun 26, 2017 A high number of agencies live in maintenance mode. Instead of trying to make progress, the goal is to simply to avoid losing...

Insurance Journal

Tropical Storm Cindy Drenches Southeast

Jun 26, 2017   Floodwaters from Tropical Storm Cindy covered timberland and fields across the rural Deep South on Saturday, but the sun peeked out enough to offer hope that the worst was over....

Texas Ex-Track Coach’s Discrimination Suit to Proceed

Jun 26, 2017 The Texas Supreme Court has refused to block a sex and race discrimination lawsuit filed against the University of Texas by former women’s track coach Bev Kearney...

Oklahoma’s Tulsa County to Pay Ex-Deputy $138K in Wrongful Termination Suit

Jun 26, 2017 Tulsa County has agreed to pay nearly $138,000 to a former sheriff’s deputy to settle a wrongful termination lawsuit that claimed he and...

Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures

Jun 26, 2017 Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations...

Claims Journal

Many Coastal Homeowners Remain Unfamiliar With Hurricane Deductibles

Jun 26, 2017 Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, a new...

Workers’ Comp Affected by Changing Workforce

Jun 26, 2017 The workers’ comp industry is in for big changes as older workers continue to stay on the job longer and more Latinos are employed in the workplace. These changes to the U.S....

Attitudes, Legal Standards’ Impact on Police Convictions

Jun 26, 2017 In the three years since fatal police shootings of unarmed black people launched the Black Lives Matter movement, few officers have been charged and none has been convicted...

Dash Cam Viral Video Captures Oregon Road Rage Crash

Jun 26, 2017 An Oregon, man who purchased a dashboard camera found himself in demand after a June 3 road rage incident that ended with a car suspended on the cable stay of a power pole. The...