Monthly Archives: <span>August 2018</span>

China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth

ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the growth of ZhongAn’s technology solutions businesses outside China. The amount …

No-Deal Brexit: A Lose-Lose for UK and EU Financial Stability

With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the U.K.’s departure in March would also be bad for the European Union. Such an outcome would unsettle the …

Guy Carpenter Licenses the CoreLogic U.S. Inland Flood Model

This post is part of a series sponsored by CoreLogic. 2017 was a game-changing year for the insurance industry. Between the catastrophic deluge of water dumped in Texas from Hurricane Harvey and the unprecedented underinsurance rates of families whose homes …

Excess and Surplus Coverage From Prime Insurance Company Now Available in California

Chicago, IL, August 20, 2018 — Prime Insurance Company, a leader in excess and surplus lines insurance, announced today that it has been added to the List of Approved Surplus Line Insurers in California. Prime can now offer property and …

Chubb Launches Major Accounts Division in Asia-Pacific Region, Headed by White

Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and multi-national clients and business partners. The new Major Accounts …

Spokesman: City’s Insurer, not Kansas Family’s, Paid for Broken Sculpture

An Overland Park, Kansas, official admits he was mistaken about who paid for a $132,000 sculpture at the city’s community center that was damaged by a young boy. City spokesman Sean Reilly said in July that the insurance company for …

Phi Delta Theta Fraternity, LSU Sued by Parents After Son’s Death

The parents of a Louisiana State University freshman who died of alcohol intoxication last year after an alleged fraternity hazing filed a federal lawsuit against the university board, the fraternity and several of the fraternity’s members. Stephen and Rae Ann …

Kansas Commissioner: Enrollment Rises in College Insurance Programs

Enrollment in courses eligible for the Kansas Insurance Certificate Program at several Kansas higher learning institutions is rising, according to the state insurance department. The department says around 500 students have enrolled in the certificate program for the 2018 fall …

Ohio Work Comp Bureau to Distribute $1.1M in Grants to Fire Depts.; $1.2M to Employers

Through a program to protect firefighters from carcinogens and other harmful health hazards encountered by firefighters during their daily work activities, the Ohio Bureau of Workers’ Compensation (BWC) will distribute $1.1 million in safety grants to more than 100 fire …

Arkansas ‘Tort Reform’ Advocates Stunned by Church Group’s Opposition

So-called tort reform has been an easy sell in states controlled by Republicans, and backers of a lawsuit-limiting proposal on the ballot in Arkansas this fall expected little trouble winning passage until they ran into a surprising obstacle from a …