Industry News

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Peak Re Sponsors the Formation of Sidecar Lion Rock Re

Dec 10, 2018 Peak Reinsurance Co. Ltd. has launched a sidecar transaction through the newly formed Lion Rock Re Ltd. to provide collateralized retrocession for the...

Australia’s Bank of Queensland Terminates Sale of Insurance Unit to Freedom

Dec 10, 2018 Australia’s Bank of Queensland has terminated a deal to sell its life insurance arm, St. Andrew’s Insurance, to Freedom Insurance Group...

Best’s Special Report: AM Best Benchmarking Analysis Shows U.S. Property/Casualty Industry Remains Strongly Capitalized

Dec 10, 2018 An AM Best analysis of the U.S. property/casualty (P/C) industry under the rating agency’s...

Best’s Market Segment Report: U.S. Personal Lines Outlook Held at Stable as Private Passenger Auto Segment Sees Turnaround

Dec 10, 2018 AM Best is maintaining a stable market segment outlook for the personal lines segment of...

Insurance Journal

Commercial Lines Insurance Prices Up Slightly in 3Q 2018 over 2017

Dec 10, 2018 Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial...

Oregon Suit Says Burning Homeless Camp Damaged Lawyer’s Home, Office

Dec 10, 2018 A Portland, Ore. lawyer whose home and business were seriously damaged when a fire started at a homeless camp has filed a $541,000 lawsuit against the city....

Damage from Massive Alaska Earthquake Evident at Military Base

Dec 10, 2018 Last week’s magnitude 7.0 earthquake near Anchorage caused multiple problems at the sprawling Joint Base Elmendorf-Richardson, including damage to steel...

Probe into Student Death Finds California School Violated Rules

Dec 10, 2018 An investigation into a 13-year-old student’s death at a Northern California private school has found the school violated state rules when its staff put him in...

Claims Journal

Arkansas Woman Gets $3M Jury Award for Escalator-Mangled Toe

Dec 10, 2018 Jurors have awarded a New York medical student $3 million after she suffered a gruesome toe injury while riding an escalator at an Arkansas mall. The Arkansas...

South Carolina Increases Hurricane Florence Relief Request to $435M

Dec 10, 2018 South Carolina’s congressional delegation will be able to ask for more funds to provide relief following Hurricane Florence, thanks to a move by the...

Honolulu Condos Must Move to Comply With New Fire Safety Rules

Dec 10, 2018 Honolulu high-rise condominium owners won’t get more time to comply with stricter fire safety rules enacted after an apartment fire in 2017 killed four people. The...

Southeast Faces Wintry Mess of Snow, Sleet, Freezing Rrain

Dec 10, 2018 A storm spreading snow, sleet and freezing rain across a wide swath of the South has millions of people in its path, raising the threat of immobilizing snowfalls, icy...