Industry News

Insurance Journal

Shipping Firms Begin Hiring Unarmed Guards for Voyages in Middle East Gulf

Jul 17, 2019 Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in...

Carolin Appointed CEO of Re/Insurance Industry’s Blockchain Initiative, B3i

Jul 17, 2019 John Carolin has been appointed chief executive officer of B3i Services AG (B3i). Carolin previously served as interim CEO since March 2019...

Freak Weather Risks India’s Renewable Energy Goals, Affecting Insurers, Lenders

Jul 17, 2019 India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into...

By Taming Big Data with AI, Cytora Aims to Transform Commercial Underwriting

Jul 17, 2019 It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting....

Claims Journal

Private Insurance Losses from Tropical Storm Barry to Add Up to Nearly $300 Million

Jul 17, 2019 Catastrophe modeling firm, Karen Clark & Co. (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $...

Google Attacked Over Limits on Internet Company Liability

Jul 17, 2019 U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued...

Lessons from Fintech Applied to Insuretech

Jul 17, 2019 I’ve seen this story before. Having worked in fintech since 2005, I witnessed the fintech wave forming, cresting, and eventually crashing into the financial ecosystem. If there is...

Drugmaker Shredded Quality Documents Ahead of FDA Inspection

Jul 17, 2019 An India-based company that sells numerous drugs in the U.S., including ibuprofen, was caught attempting to dispose of quality-control records, calling into...

Best's Reviews

AmeriLife Names Senior Vice President, Distribution Business Development

Jul 16, 2019 AmeriLife appointed Scotty Elliott as senior vice president, distribution business development. Elliott will serve as a member of the...

NFIP Bill Would Reduce Write-Your-Own Compensation Rate, Cap Premium Increases at 9%

Jul 16, 2019 Lawmakers introduced a bipartisan bill to extend the National Flood Insurance Program to 2024, dramatically reduce the Write-...

Markel Asia Managing Director: Rising Asian Insurance Markets Call for Local Response

Jul 16, 2019 Christian Stobbs, managing director, Asia, Markel International, said Hong Kong and Singapore continue to grow as insurance...

New York Anesthesiologist Charged in $7 Million Fraud Scheme

Jul 16, 2019 Federal authorities have charged a New York anesthesiologist for her role in an alleged $7 million fraud scheme in which she prescribed creams and...