Industry News

Insurance Journal

Winter Storm in Utah Leads to Avalanche, Crashes, Outages

Jan 23, 2019 A powerful winter storm has left a trail of traffic accidents, power outages and even an avalanche across Utah. Little Cottonwood Canyon reopened Tuesday morning, a day...

PG&E in California Secures $5.5B in Credit and Loans to Operate During Bankruptcy

Jan 23, 2019 The nation’s largest utility has lined up $5.5 billion in credit and loans so it can continue operating as it prepares for bankruptcy....

Travelers Partners with ASQ Underwriting on Transactional Risk Insurance

Jan 23, 2019 The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United...

Oklahoma School District Settles Sexual Abuse Case for $3.5M

Jan 23, 2019 A settlement has been reached in a federal lawsuit accusing an Oklahoma school district of shielding a sexual predator and calling children liars. Perry Public...

Best's Reviews

American Family Acquires Naming Rights to Milwaukee Brewers Baseball Stadium

Jan 23, 2019 American Family Insurance has acquired naming rights to Miller Park, home to the city’s major league baseball team, the Milwaukee...

CEO Named for Lloyd’s Underwriter Cathedral

Jan 23, 2019 Lancashire Holdings Ltd. said it has appointed Emma Woolley as chief executive officer of Lloyd’s underwriter Cathedral Underwriting Ltd. She will succeed Andrew...

Maryland Commission Recommends Tougher Fiduciary Standard for Agents, Brokers

Jan 23, 2019 A Maryland commission recommended the state legislature adopt tougher fiduciary standards for agents and brokers to fill the void in...

Lloyd’s Approves Waypoint as Accident and Health Coverholder for ArgoGlobal

Jan 23, 2019 Waypoint Underwriting Management LLC said it won coverholder approval from Lloyd’s to underwrite accident and health on behalf of...

Claims Journal

Insurers Need to Identify Issues Before Investing in Insurtech

Jan 23, 2019 Creating a roadmap for technology integration is a must for carriers interested in successful insurtech innovation, according to Wesley Todd, a former insurance...

Study Finds Boards at Top U.S. Firms Are Diversifying More Quickly

Jan 23, 2019 America’s largest companies added women and minorities to their boards of directors at a faster pace over the past two years, a period when sexual...

Virginia Senate Panel Kills Stricter Seatbelt Law

Jan 23, 2019 Virginia will continue to have one of the weakest seatbelt laws in the country after a Senate committee killed a bill to require rear-seat passengers in a motor vehicle to wear...

Utah Lawmaker Plans Amusement Park Oversight Bill

Jan 23, 2019 A state lawmaker plans to again propose legislation that would add oversight of amusement parks in Utah, one of only six states where an agency isn’t assigned to keep tabs on...