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Hanover Estimates $50 Million in Pretax Cat Losses to Hit 4Q Earnings

Jan 16, 2019 Hanover Insurance Group Inc. estimates pretax catastrophe losses will impact fourth-quarter operating results by about $50 million, largely...

AM Best Affirms Credit Ratings of South China Insurance Co., Ltd.

Jan 16, 2019 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of South China Insurance Co.,...

Willis Re: Multiple Midsized Cats Drove 2018 Insured Losses

Jan 16, 2019 Insured losses from major natural catastrophes in 2018 totaled an estimated $71.5 billion, making it one of the highest loss years since 2011’s annual...

FSA: Japan’s Three Major Nonlife Groups Posted Underwriting Loss in First Half

Jan 16, 2019 Japan’s three major nonlife insurance groups in aggregate posted a 20.8% drop in net income to ¥122.3 billion (US$1.13 billion) in...

Insurance Journal

ArgoGlobal and Italian Insurtech Firm Provide On-Demand Insurance for Gig Workers

Jan 16, 2019 ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with insurtech...

New York’s The Iroquois Group Hires Venus in Virginia

Jan 16, 2019 The Iroquois Group, an Allegany, N.Y.-headquartered network of independent insurance agencies, has hired Charles Venus as its vice president of Middle Market & Specialty....

New Hampshire’s Optisure Risk Partners Hires Soden

Jan 16, 2019 Optisure Risk Partners, a Manchester, N.H.-based provider of risk management and insurance, has hired Greg Soden as vice president of revenue development. In this role, Soden...

Former CNA CEO Motamed Joins AIG Board

Jan 16, 2019 The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a...

Claims Journal

California Storms Lead to Worry Over Potential Mudslides

Jan 16, 2019 A year after a mudslide swept through a fire-devastated California town, killing 21 people, residents of hundreds homes in burn areas were told to pack up and leave as a...

Retaking Control When Dealing With Insurtech Choices

Jan 16, 2019 Distinguishing between insider and outsider firms is the key to gaining control of insurtech options, according to Wesley Todd, creator of CaseGlide, a collaboration, workflow...

Headlights of the Future Could Offer Safety Benefits

Jan 16, 2019 Most people don’t turn on their car’s headlights and think, I wish they were brighter. Shuji Nakamura is not most people. The Nobel Prize-winning illumination...

South Carolina Lawmakers Try Again With New Medical Marijuana Bill

Jan 16, 2019 South Carolina lawmakers are once again introducing legislation to legalize marijuana for treatment of critically ill patients in the state, making another go...