Insurance Journal

  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EDT/-4.0/DST' instead in /var/www/vhosts/agencystandards.com/httpdocs/modules/aggregator/aggregator.pages.inc on line 259.
Syndicate content News – Insurance Journal
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 10 hours 56 min ago

Home, Auto Insurance Rates Rose Slightly in Ohio in 2016

Wed, 10/18/2017 - 17:53
Ohio Department of Insurance Director Jillian Froment says that the average rates in 2016 for the top 10 homeowners and private passenger auto insurance groups in Ohio increased 1.9 percent and 3.1 percent, respectively. Ohioans pay among the lowest average …
Categories: Insurance News

Former Patriots Players Speaking at Risk Conference Air Feelings on Kneeling

Wed, 10/18/2017 - 15:18
Watching NFL players kneel during the National Anthem didn’t sit well with a pair of former New England Patriots players, who aired their feelings about players protesting during the opening of football games during a risk management conference on Wednesday. …
Categories: Insurance News

New York Marine & General Insured Las Vegas Festival Targeted by Shooter

Wed, 10/18/2017 - 11:46
A Live National Entertainment Inc. Las Vegas country musical festival that was targeted Oct. 1 in the largest mass shooting in modern U.S. history was insured by New York Marine & General Insurance Co., according to a permit document filed …
Categories: Insurance News

Year After Texas Balloon Crash, NTSB Wants Medical Certification Exemption Tossed

Wed, 10/18/2017 - 08:26
The National Transportation Safety Board has called on the Federal Aviation Administration to remove its medical certification exemption for commercial balloon operators, saying it contributed to a July 30, 2016, balloon crash in Texas that killed 15 passengers and the …
Categories: Insurance News

Arkansas Gov. Opposed to Tapping General Revenue for Road Improvements

Wed, 10/18/2017 - 08:17
Arkansas’ governor says he’ll “vigorously oppose” any highway funding ballot initiative that calls for tapping into general revenue for road needs. Gov. Asa Hutchinson told reporters he opposes any attempt to divert tax revenue from new and used car sales, …
Categories: Insurance News

Records Show Unprecedented Increase in Firearm Thefts in Kansas City

Wed, 10/18/2017 - 08:14
Police records show there has been an unprecedented spike in gun thefts in Kansas City, Missouri. The number of annual firearms thefts sharply increased between 2015 and 2016, according to police data obtained by the Kansas City Star. Police received …
Categories: Insurance News

Alerts System for Tech-Connected Cars Planned for Ohio Turnpike

Wed, 10/18/2017 - 08:11
Officials are planning a new system of travel alert information for part of the Ohio Turnpike near Cleveland with an eye toward a day when autonomous vehicles might regularly cruise the roadway. The Turnpike Commission will use roadside sensors and …
Categories: Insurance News

Ex-Mayor of Tulsa, Oklahoma: Insurer’s $4M Payout for Lost Ring not Enough

Wed, 10/18/2017 - 08:06
The former mayor of Tulsa, Oklahoma, is suing an insurance company and broker because she says the $4 million she received for a lost blue diamond ring isn’t enough. The Tulsa World reports that Kathy Taylor’s federal lawsuit filed in …
Categories: Insurance News

Mass. SJC Reverses Lower Court’s Decision in Legal Malpractice Suit

Wed, 10/18/2017 - 07:18
The Massachusetts Supreme Judicial Court has reversed a Superior Court decision in favor of a law firm in a legal malpractice suit. The plaintiff, Kiribati Seafood Company LLC, brought the legal malpractice claim against its former law firm, Dechert LLP, …
Categories: Insurance News

EPA Appears to Ease Nuke Radiation Safeguards for First Responders

Wed, 10/18/2017 - 06:31
In the event of a dirty bomb or a nuclear meltdown, emergency responders can safely tolerate radiation levels equivalent to thousands of chest X-rays, the Environmental Protection Agency said in new guidelines that ease off on established safety levels. The …
Categories: Insurance News

Progressive’s Flo Turned Into Chatbot

Wed, 10/18/2017 - 06:10
Convinced that Americans are dying to speak with its human TV spokes-icon Flo, Progressive Insurance is bringing a Flo Chatbot experience to Facebook Messenger. This tool, enhanced by artificial intelligence and quoting technology, is now available for all Messenger users …
Categories: Insurance News

Is Hyperloop Transportation Technology Feasible or Insurable?

Wed, 10/18/2017 - 05:25
Hyperloop Transportation Technologies wants to build a tube-based inter and intra-city transportation system to transport passengers and cargo at high speeds. As part of its efforts to gain support, it sought to assure people that its technology is feasible. The …
Categories: Insurance News

Hub International Acquires Assets of Maine’s Graffam Insurance Group

Wed, 10/18/2017 - 05:07
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Graffam Insurance Group LLC (Graffam). Terms of the acquisition were not disclosed. Based in Cumberland Center, Maine, Graffam specializes in employee benefits and services businesses in Maine …
Categories: Insurance News

Compensation for London’s Grenfell Fire Victims May Be Capped at $5M: Reuters

Wed, 10/18/2017 - 05:04
The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in …
Categories: Insurance News

Ascot Group Taps Ironshore’s Roberts as CFO, Promotes Dimsey to Group COO

Wed, 10/18/2017 - 04:50
Ascot Group Ltd. (AGL), a Bermuda-based holding company, announced the appointment of Joe Roberts as group chief financial officer, and the promotion of Rob Dimsey to group chief operating officer. Roberts has 30 years’ experience and has worked in the …
Categories: Insurance News

Ironshore Hong Kong Offers Legal Event Expense Cover in Hong Kong Market

Wed, 10/18/2017 - 04:31
Ironshore Hong Kong has introduced a specialty professional lines product that offers protection for after-the-event legal expenses following commercial litigation. Ironshore’s After-the-Event Legal Expenses product provides insurance against adverse costs awards, Ironshore explained. The coverage, which is standardized within the …
Categories: Insurance News

China Delivery Firm ZTO Joins Consortium to Set Up Logistics Insurer – to Fill Coverage Gap

Wed, 10/18/2017 - 04:08
ZTO Express (Cayman) Inc., a Shanghai, China-based express delivery company, announced it has joined a seven-member consortium of its peers to set up a logistics insurer. ZTO said the insurer is being launched to fill the gaps that are not …
Categories: Insurance News

AXIS Capital Completes Purchase of Novae; Executive Team Announced

Wed, 10/18/2017 - 03:19
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6 billion. The $611.5 million …
Categories: Insurance News

The Hilb Group Acquires Delaware’s CNC Insurance Associates Inc.

Wed, 10/18/2017 - 02:59
The Hilb Group LLC (THG), a property and casualty insurance and employee benefits broker, has acquired CNC Insurance Associates Inc. (CNC). The transaction became effective October 1, 2017. CNC is THG’s 38th acquisition since it was founded in 2009. Founded …
Categories: Insurance News

New York Finalizes Regulations to Crack Down on Title Insurance Industry

Wed, 10/18/2017 - 02:44
The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the culmination of efforts by DFS to reform …
Categories: Insurance News

Acceleration Clause - The part of a contract that says when a loan may be declared due and payable.

Accidental Death Benefit - In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.

Acknowledgment: the act of going before a qualified officer (e.g., Clerk) and declaring the validity of the document. The officer certifies same, whose certification is known as the acknowledgment

Acquit: the act of freeing a person from the charge of an offense by means of a decision, verdict or other legal process; to discharge