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...
Startupbootcamp Launches Insurtech Accelerator in Hartford September 27, 2017 Startupbootcamp, a London-based insurance accelerator that focuses on identifying globally-located disruptive and collaborative insurance and technology innovations, has announced the...
City of Hartford’s Rating Sinks Deeper Into Junk; Agencies Cite Possible Default September 27, 2017 By Hilary Russ Hartford, Connecticut’s cash-strapped capital city, suffered a fresh round of credit rating downgrades deeper into junk territory by two Wall...
Allianz Partners with Cyence to Expand Capabilities in Cyber Risk Analysis September 27, 2017 Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has teamed up with San...
Japan Court Rules Tepco, not Government, Must Pay $3.4M to Ex-Fukushima Residents September 27, 2017 By Mari Yamaguchi A Japanese court ruled Friday [Sept. 22] that a utility, not the government, should pay compensation to dozens of former...
China’s Former Insurance Regulator Faces Criminal Charges September 27, 2017 China’s top anti-corruption agency says the country’s former insurance regulator has been expelled from the ruling Communist Party and turned...
Mexico Calculates Economic Cost of Quake; Insurance Covers Small Part of Losses September 27, 2017 By Christopher Sherman Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in...
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...
Dubai Stages First Public Test of Drone Taxi Service with Electric Volocopter September 27, 2017 By Sara Clemence Talk about rising above the masses. Dubai staged the first public test of its drone taxi service on Monday, offering...
Missouri’s Route 66 Insurance Adds Mitchell as Producer September 27, 2017 Route 66 Insurance in Cuba, Mo., has hired Abigail Mitchell as an insurance producer. In this position, Mitchell will work...