Industry News

Claims Journal

FEMA Urged to Adopt Parametric Insurance and Blockchain to Address Coverage Gap

Nov 21, 2019 Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close...

Mexicans Sue Walmart Over Texas Shooting that Left Victims on Both Sides of Border

Nov 21, 2019 Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and...

PG&E Cutting Power to 150,000 Customers in New Mass Blackout

Nov 20, 2019 PG&E Corp. is moving forward on cutting power to about 150,000 customers starting early Wednesday in the latest mass blackout designed to keep its power lines from...

Nerf Gun, Power Rangers Claw Cited by Toy Safety Watchdog

Nov 20, 2019 BOSTON — A Nerf dart gun, ice cream-scented Nickelodeon slime and a plastic Power Rangers claw are among the toys topping a consumer safety group’s list of...

Insurance Journal

Report on California Workers’ Comp Shows Steady Independent Medical Review Activity

Nov 20, 2019 More than 15,400 independent medical reviews a month are issued in California’s worker’s compensation system, according to a new report...

Markel Corp. Chairman Kirshner to Retire Next May; Steven Markel to Succeed Him

Nov 20, 2019 Specialty insurer Markel Corp. announced that Alan I. Kirshner, the company’s executive chairman and chairman of the board, will retire as a...

California Commissioner Issues Emergency Notice to Expedite Wildfire Claims

Nov 20, 2019 California Insurance Commissioner Ricardo Lara on Wednesday issued an emergency notice to all property/casualty insurers doing business in California...

Texas Windstorm Insurer’s Actuarial Committee Recommends 5% Rate Hike

Nov 20, 2019 When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will...

Best's Reviews

Asurion Lays Off Hundreds of Employees Globally

Nov 20, 2019 Asurion LLC is laying off hundreds of people globally as it makes operational changes. The layoffs impact about 1.5% of the company’s workforce, according to a...

Target Sues Chubb Unit Over $74 million in Data Breach Expenses

Nov 20, 2019 Retailer Target Corp. has sued a Chubb unit, Ace American Insurance Co., to recover up to $74 million in losses from a data breach in 2013, when...

Anthem-WellStar Coverage Issue Arises Again in Georgia

Nov 20, 2019 Anthem Inc., which was involved in a dispute over coverage options for Atlanta-area residents with the region’s largest health care provider earlier this year...

Senate Banking Committee Adopts Terrorism Risk Insurance Extension

Nov 20, 2019 A U.S. Senate committee unanimously approved a long-term, seven-year extension of the Terrorism Risk Insurance Program, moving one step closer to...