House Passes Bill to Assure Private Policies Satisfy Flood Insurance Requirement September 28, 2017 By Andrew G. Simpson The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in...
Key Committee Senators Reach Deal on Autonomous Vehicle Bill September 28, 2017 By David Shepardson Two U.S. senators said late on Wednesday that they had reached a bipartisan deal on legislation aimed at easing hurdles...
Kmart Accused of Copyright Infringement Over Halloween Banana Costume September 28, 2017 By Jonathan Stempel Kmart Corp. has been sued by a New Jersey company that accused the retailer of ripping off its full-body banana...
Chubb: Hurricanes Harvey, Irma Losses to Top $1 Billion September 28, 2017 Chubb Ltd. has estimated it will see more than $1 billion in third-quarter losses stemming from hurricanes Harvey and Irma,...
Lloyd’s Expects $4.5 Billion Hit from Hurricanes Harvey, Irma September 28, 2017 By Emma Rumney and Carolyn Cohn Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into...
Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Declined in Recent Years September 28, 2017 In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils,...
Willis Towers Watson Launches Active Shooter Program for Senior Living Facilities September 28, 2017 Willis Towers Watson has introduced an Active Shooter/Armed Intruder Readiness Program for senior living communities. The Active Shooter/Armed Intruder Readiness...
Lawsuit Claims J&J Knew of Asbestos in Talcum Powder in ’70s September 28, 2017 By Margaret Cronin Fisk, Jared S. Hopkins and Jef Feeley Johnson & Johnson trained its employees to reassure anyone concerned about whether the company’s talcum powder contained asbestos that the...
Workers’ Compensation Insurers Report Slow Growth: A.M. Best September 27, 2017 The workers’ compensation industry reported a record high $58.5 billion in direct premiums written in 2016 but year-after-year growth slowed...
Mounting Catastrophe Claims Could Weaken Re/Insurers’ Capital Reserves: Fitch September 27, 2017 By Suzanne Barlyn Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017...