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Allstate: Three Hailstorms Caused 75% of $384 Million in June Pretax Catastrophe Event Losses

Jul 19, 2018 Three hailstorms in Colorado and Texas accounted for about 75% of Allstate’ Corp.’s $384 million of pretax June...

RLI Chief: Volcanic Activity in Hawaii Impacted Second-Quarter Results

Jul 19, 2018 Increased volcanic activity in Hawaii impacted RLI Corp.’s second-quarter results, according to Chairman and Chief Executive Officer Jonathan...

US House Bill Would Reform NFIP, Extend It to Nov. 30

Jul 19, 2018 Lawmakers introduced a U.S. House bill to reform and extend the National Flood Insurance Program to Nov. 30 without the reimbursement rate reduction for...

Radian Settles Multiyear Tax Dispute With IRS for $31 Million

Jul 19, 2018 Radian Group Inc. has finalized a $31 million settlement to settle Internal Revenue Service-disputed tax losses and deductions claimed in the company’...

Claims Journal

Insurers’ Drone Use Picks up After 2017 Hurricane Season

Jul 19, 2018 Insurers’ use of drones to inspect property claims came into full swing in 2017, after the FAA began issuing permission allowing commercial firms to operate unmanned...

Business News: Philadelphia Insurance Companies, QBE, OneWorld Instech

Jul 19, 2018 Philadelphia Insurance Companies Offers Option for Pool Contractors Market Philadelphia Insurance Companies’ (PHLY) new Pool and Spa Contractors...

NJ Transit Will Miss Deadline for Installing Positive Train Control

Jul 19, 2018 Lifesaving technology aboard New Jersey Transit trains won’t be in place by a Dec. 31 deadline set by Congress, the agency’s executive director told...

Family Sues Over Deadly Idaho Resort Cabin Fire

Jul 19, 2018 A fireplace inside an Idaho rental resort cabin exploded, causing the death of four people, according to a wrongful death lawsuit. Erin Smith reserved the Tamarack Resort vacation...

Insurance Journal

Texas Insurers’ Trade Group Honors Gerik with Raymond Mauk Award

Jul 19, 2018 The Insurance Council of Texas (ICT) has honored Mike Gerik, executive vice president at the Texas Farm Bureau Mutual Insurance Co., with the 2018 Raymond...

Arkansas Recovers $3.67M for Insurance Consumers in First Half of 2018

Jul 19, 2018 The Consumer Services Division (CSD) at the Arkansas Insurance Department has recovered $3,673,940 for Arkansas insurance customers in the first half...

North Dakota Looking at New RV Safety Standards After Deadly Tornado

Jul 19, 2018 A deadly tornado that recently struck a western North Dakota city has prompted state and local officials to call for increased safety standards for RV parks...

Explosions, Fire at Texas Gas, Cylinder Company Spur Evacuations but No Injuries

Jul 19, 2018 Authorities say nobody has been hurt in several explosions and a fire at a gas and cylinders company in rural Central Texas. Austin County...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...