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News Center

News – Insurance Journal

UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey
Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or …

POSTED OCTOBER 21, 2018 2:06 PM
Swiss Re Weighs Investment in Chinese Insurer Anbang: Sources
Swiss Re AG has held discussions with Chinese authorities about an investment in embattled insurer Anbang Insurance Group Co., people with knowledge of the matter said. Swiss Re is among parties that have been approached as China seeks to find …

POSTED OCTOBER 21, 2018 1:17 PM
With Central, South Texas Awash in Water Governor Issues Disaster Declaration
Texas Gov. Greg Abbott has issued a State Disaster Declaration for 18 Texas counties impacted by recent severe weather and flooding that has caused widespread property damage and threatened loss of life. The governor’s declaration comes as rain continues to …

POSTED OCTOBER 19, 2018 4:52 PM
Florida Residents Hit by Michael Return to Face Damage as Death Toll Climbs
More than a week after Hurricane Michael slammed into the Florida Panhandle, authorities are reporting three more deaths from the Category 4 storm as residents returning to their homes try to piece together their lives from the rubble left by …

POSTED OCTOBER 19, 2018 4:49 PM
DOI: Workers’ Comp Rates in Indiana to Drop Again Next Year
Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction for workers’ comp …

POSTED OCTOBER 19, 2018 4:44 PM
Illinois’ Cook County Board OKs $4M Medical Malpractice Settlement
Cook County’s board of commissioners have voted for a nearly $4 million settlement of a malpractice lawsuit filed after an alleged botched heart surgery at Chicago’s Stroger Hospital. Lawyers for Jaime Flores alleged Stroger physicians made a “very unfortunate and …

POSTED OCTOBER 19, 2018 4:24 PM
JBA Risk Management Releases High-Resolution Flood Maps for Florida
Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an interest …

POSTED OCTOBER 19, 2018 4:23 PM
Von Bomhard Likely to Return to Munich Re – This Time as Board Chairman
Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board. This week, Munich Re’s nomination committee recommended to the full supervisory board that …

POSTED OCTOBER 19, 2018 4:12 PM
Arch Insurance Names Shulman CEO for North America; Other Leadership Changes
Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada. He will report …

POSTED OCTOBER 19, 2018 3:43 PM
Utah Firefighting Costs This Year a Record $110M
Utah State Forester Brian Cottam says the state’s wildfire season appears to be over and that it is adding up to be Utah’s most expensive ever. KSL-TV reported that Cottam told the Utah Executive Appropriations Committee that firefighting costs this …

POSTED OCTOBER 19, 2018 3:01 PM

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