Industry News

Insurance Journal

Here Comes the New Generation of Very Rich Americans

Jan 23, 2019 The rich are getting richer, and younger. A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. These...

Ship in Black Sea Fire Was Denied Port Entry over U.S. Sanctions Risk: Reuters

Jan 23, 2019 Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea after one vessel was...

Volvo Recalls 200,000 Cars to Fix Potential Fuel Leakage Problem

Jan 23, 2019 Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue...

Danske Money Laundering Scandal Damages Denmark’s Reputation: Regulator

Jan 23, 2019 Denmark’s status as one of the world’s least corrupt places has been undermined by the money laundering scandal engulfing its biggest...

Claims Journal

More Drone Tests Expected in Nevada Under Pilot FAA Program

Jan 23, 2019 The skies around Nevada’s largest cities are about to see more drone aircraft, after federal agencies picked the state for testing remote-controlled vehicles in urban...

Washington Unveils Decade-Long Plan to Mitigate, Respond to Wildfire

Jan 23, 2019 The state is months away from wildfire season, but Public Lands Commissioner Hilary Franz has proposed a plan to strengthen the ways that Washington can prevent...

Value-Based Care Model Needs More Review Before Implementation in Workers’ Comp

Jan 22, 2019 At face value, value-based care (VBC) seems like the answer to some of the woes associated with the fee for service model currently used in workers...

Commentary: What Happened to ‘Don’t Get in Cars With Strangers?’

Jan 22, 2019 On the morning of March 26, 2018, my colleague Yoolim Lee ordered a Grab ride in Singapore. Within hours, she was lying in hospital with a fractured vertebrae...

Best's Reviews

Axa UK Fills Newly Created Chief Operating Officer Role

Jan 22, 2019 Axa UK and Ireland has appointed Shali Vasudeva to the newly created role of chief operating officer. As COO, she will lead a transformation office...

Berkshire Hathaway Specialty Appoints Leader for Transactional Liability Expansion to UK, Europe

Jan 22, 2019 Berkshire Hathaway Specialty Insurance has appointed Ed Martin to lead transactional liability business in a new...

Legacy Specialist Darag Acquires Italian Nonlife Portfolio

Jan 22, 2019 Darag Group Ltd. said it agreed to buy a portfolio of Italian non-life business that consists mainly of motor third-party liability from Donau...

Partial Federal Government Shutdown Hampers Insurance Industry

Jan 22, 2019 The longest partial federal government shutdown in U.S. history is frustrating the insurance industry. Canceled meetings, hampered regulatory...