Features

How Brokers Use Big Data

‘Data enables us to be customer-centric, enhancing the customer experience by personalizing every touch point specific to that customer. We are able to discern behavior patterns, build behavioral models based on customer profiles, and leverage consumer touch points to help …

Outside Home, Castle Doctrine Doesn’t Apply Wisconsin Court Says

A man who shot at two intruders as they fled after beating him in his apartment can’t invoke Wisconsin’s castle doctrine law to protect him from liability, a state appeals court ruled. According to court documents, Charles Chew’s ex-girlfriend’s new …

P/C Direct Premium Written Up 5.2% in First-Half of 2014

Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record high for the industry. For 2013, total DPW for all P/C insurers aggregately increased 4.1 …

Nebraska High Court: Federal Risk Retention Act Preempts State Law

The Nebraska Supreme Court has ruled that a district court erred when it found that a federal law did not preempt the state’s prohibition against mandatory arbitration clauses in insurance contracts. In Speece v. Allied Professionals Ins. Co., the Court …

Judge: Louisiana Law Applies

Texas Brine asserted in an emailed statement to Insurance Journal, that “Liberty filed in Texas despite the fact that the sinkhole occurred in Louisiana, and all the other claimants and claims are in Louisiana. Texas Brine filed its complaint with …

Most Midwest States in the Mid-Range for Workers’ Comp Premiums

A list of state rankings for workers’ compensation premiums shows a slight drop in premiums in the last two years, and that a number of states are close in terms of how much employers are paying. The list put out …

Texas Brine, Liberty Insurance at Odds Over $50M Louisiana Sinkhole Claim

The collapse of a portion of a salt dome that left a 37-acre sinkhole in swampy land west of Baton Rouge, La., has bubbled up into a $50 million dispute between the mine operator and its insurance company. Texas Brine …

High-Tide Floods to Triple for Some East Coast Cities: UCS

Flooding during high tides, which used to be rare, is now common in some places and could worsen to the point that sections of coastal cities may flood so often they would become unusable in the near future, according to …

Hail Claim Losses Increasing in Number, Severity

From 2002 through 2013 property/casualty insurers paid out $54 billion in claims losses on almost 9 million residential properties, but the majority of those losses occurred between 2008 and 2013, according to a report released in August 2014 by Verisk …

China’s Anbang Insurance to Acquire Waldorf Astoria for $1.95B

Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the storied hotel for the next 100 years as part of an agreement with Anbang. …

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