Monthly Archives: <span>December 2017</span>

Top Insurance Journal International Stories of 2017

Blockchain, cyber, mergers and acquisitions and London’s devastating Grenfell Tower fire are just some of the topics that dominate the most popular articles in Insurance Journal’s International section during 2017. Here we provide an overview of 12 of the top …

Verdict Pending in Connecticut Lawsuit Over 2011 Plane Crash

A federal judge is considering whether an airline company should pay damages to a Connecticut woman injured in a plane crash in Guyana, South America, in 2011. Judge Michael Shea in Hartford, Conn., presided over a non-jury trial earlier this …

New York’s Financial Watchdog Proposes ‘Best Interest’ Rules

New York State’s top financial watchdog proposed regulations that would require sellers of life insurance and annuities to act in the best interest of clients, raising standards even as the U.S. government delays its fiduciary rule. Products that best fit …

Top Insurance Journal East Stories of 2017

As 2017 wraps up, Insurance Journal is looking back on some of its most popular stories of the year while preparing for what is ahead for the insurance industry in 2018. These are just a few of many topics Insurance …

Allianz Buys 49% Stake in General Insurance Businesses of UK’s LV=

Allianz Group announced it has acquired a 49 percent stake in Liverpool Victoria Friendly Society’s UK general insurance businesses, the first stage in the creation of the companies’ joint venture and strategic partnership. The venture creates a general insurance business …

QBE Insurance Settles Shareholder Class Action in Australia for US$103.2M

QBE Insurance Group Ltd. has agreed to pay A$132.5 million (US$103.2 million) to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the Federal Court of …

Canada’s Alberta Province Charges Nexen Energy After 2 Workers Die in Explosion

Canada’s Alberta province has brought eight charges against Nexen Energy, a unit of China’s CNOOC Ltd., after two workers died in an explosion at its Long Lake oil sands plant in early 2016, an Alberta government spokeswoman said on Wednesday …

China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources

Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country, according to people familiar with the matter. Fosun unit …

Top Insurance Journal Midwest Stories of 2017

A bad broker, classic cars that got destroyed in a fire and insurer rating downgrades were among the most widely read news stories in Insurance Journal’s Midwest region in 2017. Broker Gone Bad One story that generated much interest among …

Assignment of Benefits Abuse Tops Florida News for 2017

Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was certainly one of the hottest ones for Southeast readers. From threats of insurer ratings downgrades caused by the escalation in …