Industry News

Insurance Journal

Alliant in California Forms Partnership with PSP Investments

Jan 22, 2019 Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm. The investment by...

Driverless Shuttle Making Debut in Utah State Capitol

Jan 22, 2019 A driverless public shuttle is expected to make its Utah debut this year as state officials test the possibilities of autonomous vehicles. The Salt Lake Tribune reported the...

Utah Roadway Deaths Drop for Second Year in a Row

Jan 22, 2019 The number of people who died on Utah roads decreased for the second consecutive year, new state statistics show. The 264 deaths on Utah roads in 2018 were the lowest since 2014...

Edison Trying to Shift Blame for California Mudslides

Jan 22, 2019 Edison International said much of the damage from the mudslides that swept through the coastal town of Montecito last year was the result of poorly designed and maintained...

Best's Reviews

Sydney Hailstorm Insured Losses Reach A$871 Million

Jan 22, 2019 Insurance losses from hailstorms that battered Sydney and surrounding communities on Dec. 20 have now reached A$871.3 million (US$623.6 million), according to...

Aon: Weather Drove $225 Billion Global Economic Cat Loss in 2018

Jan 22, 2019 Weather catastrophes were behind most of the $225 billion economic cost of natural perils in 2018, according to Aon plc. Insured losses globally...

German Insurers Allowed to Set Up Wholly Owned Holding Company in China

Jan 22, 2019 China and Germany have signed an agreement to expand strategic cooperation and market openings in the financial industry, including the...

AM Best Upgrades Credit Ratings of Greenville Casualty Insurance Company

Jan 22, 2019 AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to “bb” from “bb-” of...

Claims Journal

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...

Increased Fire Risk Leads to Hyundai, Kia Recall

Jan 22, 2019 Despite a government shutdown, Hyundai and Kia are moving ahead with a recall of about 168,000 vehicles to fix a fuel pipe problem that can cause engine fires. The problem stems...

Minnesota Among Fastest Warming States in U.S.

Jan 22, 2019 With its famously bitter winters growing milder, Minnesota is one of the fastest warming states in the country, according to scientists. Minnesota’s winters are warming at a...