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Axa Prepares IPO of US Financial Services Affiliate

Apr 26, 2018 Axa S.A. said it is preparing to launch the initial public offering of its wholly owned U.S. financial services subsidiary Axa Equitable Holdings Inc. and has...

A.M. Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Mountain Life Insurance Company

Apr 26, 2018 A.M. Best has removed from under review with negative implications and affirmed the...

A.M. Best Comments on Credit Ratings of Global Indemnity Limited and Its Subs. Following Cancellation of Internal Quota Share

Apr 26, 2018 A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “...

Aflac’s First-Quarter Net Climbs 21%, but Cancer Insurance Sales Dip in Japan

Apr 26, 2018 First-quarter net earnings rose 21% for Aflac Inc., but the company’s chief executive officer called it a “challenging quarter”...

Business Insurance

D&O premium volume remains flat: Fitch

Apr 26, 2018 Directors and officers liability insurance premium volume was flat in 2017 at $6.4 billion, remaining...

Scor reports jump in first-quarter profit

Apr 26, 2018 French reinsurer Scor S.E. on Thursday reported a €166 million ($201.1 million) profit for the first quarter of 2018, an 18.6% increase...

Q1 sees record property/casualty ILS issued: Reports

Apr 26, 2018 The first quarter of 2018 saw a record $3.58 billion of property/casualty insurance-linked...

Axis profit surges as transformation takes hold

Apr 26, 2018 Axis Capital Holdings Ltd. reported 2018 first-quarter net income of $63 million, up dramatically from $...

Claims Journal

HSB Survey Finds Passwords Not so Secret

Apr 26, 2018 Passcodes Kept on Sticky Notes, Recipe Cards and Slips of Paper How many different passwords do you have for your smartphone, tablet or computer? Where do you keep the passcodes that you...

Business News: TrueMotion, INRIX, Enservio, Allianz, AGCS, ParaZero

Apr 26, 2018 TrueMotion, INRIX Partner to Deliver Contextual Driving Data to Insurers TrueMotion, the leading platform for smartphone telematics, announced a strategic...

Study: Foodborne Illness Outbreak Could Cost a Restaurant Millions

Apr 26, 2018 A single foodborne outbreak could cost a restaurant millions of dollars in lost revenue, fines, lawsuits, legal fees, insurance premium increases, inspection...

AAA: Hit-and-Run Deaths Hit Record High

Apr 26, 2018 More than one hit-and-run crash occurs every minute on U.S. roads, according to new research from the AAA Foundation for Traffic Safety. These resulted in 2,049 deaths in 2016 – the...

Insurance Journal

Pennsylvania Court Awards Summary Judgment to Insurer Accused of Bad Faith

Apr 26, 2018 A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a...

Copperfield Testifies in Illusion in Las Vegas Where Man Says He Was Hurt

Apr 26, 2018 David Copperfield insisted this week he knew of no one being injured during more than 15 years of performing a signature vanishing act at the center of a...

California Bill Would Shield PG&E, Edison from Some Wildfire Liability

Apr 26, 2018 Utility giants PG&E Corp. and Edison International could gain at least some protection against future wildfire damages under a bill that’s...

FEMA Proposes Allowing Owers to Rebuild Homes After Taxpayer Buyouts

Apr 26, 2018 The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.