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News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken …
  2. The four-year upward trend in motor vehicle deaths that began in 2015 is ebbing, with the number of fatalities in the first six months of 2019 dropping 3% compared to the same six-month period in 2018. Preliminary estimates from the …
  3. Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system. In a letter …
  4. Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value, …
  5. Russia’s Rosatom shipped its first floating nuclear-power reactor on Friday, setting the unit off on a barge journey among Arctic ice caps, raising concerns in the wake of a recent military accident that caused a brief spike in radiation. The …
  6. A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including …
  7. Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive position in Brazil, making it one of the top three insurers …
  8. The captain of a commuter ferry that ran aground in Boston Harbor has been placed on leave pending drug test results. The Boston Globe reported Saturday that the captain was taken off the job pending the test, which is routine …