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AXA to Sell Non-Life Operations in Azerbaijan
AXA announced it had entered into an agreement with Mr. Elkhan Garibli to sell all AXA’s insurance operations in Azerbaijan. Under the terms of the agreement, Garibli would acquire 100% of the non-life entity (AXA MBask Insurance Company OJSC). The …

POSTED FEBRUARY 21, 2018 12:48 PM
SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global Corporate & Specialty (AGCS). For medium-sized companies with …

POSTED FEBRUARY 21, 2018 9:13 AM
India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack
Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh’s central bank in 2016, City’s CEO said on Monday. …

POSTED FEBRUARY 21, 2018 7:36 AM
Government Servers in Savannah, Georgia Hit by Malware Attack
Officials in Savannah, Ga., are taking extra precautions to protect employees’ email accounts and government computer servers as Savannah City Hall recovers from a malware virus attack. Local officials said in a news release Feb. 17 that city staff workers …

POSTED FEBRUARY 21, 2018 6:06 AM
Artificial Intelligence Raises Real Risks from Malicious Hackers, Rogue States
Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial drones into targeted weapons, a new report warns. The study, published on …

POSTED FEBRUARY 21, 2018 6:00 AM
Personal Privacy and the War Over Connected Driver Data
Picture this: You’re driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering $5 off a pepperoni pie pops up on your dashboard screen. Are …

POSTED FEBRUARY 21, 2018 6:00 AM
Panettiere Appointed SVP of Lockton Employee Benefits in Atlanta
Chris Panettiere has been appointed as Lockton’s new senior vice president of Employee Benefits. He will be based out of the company’s Atlanta office. Prior to joining Lockton, a privately held, independent insurance broker and consultant, Panettiere headed the Georgia …

POSTED FEBRUARY 21, 2018 5:53 AM
Kentucky Sues Cardinal Health Over State Opioid Epidemic
Kentucky’s attorney general on Monday filed a lawsuit against drug distributor Cardinal Health Inc , accusing it of contributing to the opioid epidemic by failing to halt or report suspiciously large or frequent orders by pharmacies of prescription painkillers. Attorney …

POSTED FEBRUARY 21, 2018 5:29 AM
U.S. Supreme Rules Against Insurer’s Appeal Challenging Profits in Rate Setting
The U.S. Supreme Court on Tuesday declined to hear Mercury Insurance Co.’s appeal to overturn a February 2017 California Court of Appeal ruling that held Insurance Commissioner Dave Jones’ 2013 order requiring the insurer to reduce its homeowner insurance rates …

POSTED FEBRUARY 21, 2018 12:05 AM
Woodruff-Sawyer in California Names Johnston Vice President of Aviation
San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Drew Johnston vice president of aviation. Johnston will develop the strategy and steer the growth of the newly formed aviation practice, which will focus on insurance and risk management solutions for the …

POSTED FEBRUARY 20, 2018 11:49 PM

Business Insurance - _Risk Management

Marsh launches general liability construction product


POSTED FEBRUARY 20, 2018 2:29 PM
Damaged cargo dispute remanded to lower court
A lower court is going to have to decide after further investigation how much of the $918,000 claim Lloyd’s of London paid in connection with damaged cargo it may be able to recover, says an appeals court, in overturning a lower court ruling and remanding a case back to the lower court.

POSTED FEBRUARY 20, 2018 1:45 PM
Everest announces hires for new private nonprofit
Everest Re Group Ltd. said Tuesday it had formed a private, nonprofit unit as part of the expansion of its Everest Specialty Underwriters financial lines division.

POSTED FEBRUARY 20, 2018 1:24 PM
Lesser-known N. Korea cyber-spy group goes international: Report
(Reuters) — A North Korean cyber espionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said Tuesday.

POSTED FEBRUARY 20, 2018 12:58 PM
Kentucky accuses Cardinal Health of contributing to opioid epidemic
(Reuters) — Kentucky’s attorney general has filed a lawsuit against Cardinal Health Inc., accusing the drug distributor of contributing to the opioid epidemic.

POSTED FEBRUARY 20, 2018 12:54 PM
RiskBlock Alliance adds 18 members, including major insurers
The RiskBlock Alliance, the distributed ledger technology consortium formed by The Institutes in Malvern, Pennsylvania, has seen 18 new members join, including several major insurance players, The Institutes said in a statement Monday.

POSTED FEBRUARY 20, 2018 11:54 AM
Aspen closes property insurance unit in Bermuda
Aspen Insurance Holdings Ltd. closed its Bermuda-based U.S. property insurance unit last week as a result of catastrophe loss activity during 2017, a company spokeswoman said Tuesday.

POSTED FEBRUARY 20, 2018 10:39 AM
India bank hack similar to $81M Bangladesh heist
(Reuters) — Hackers who tried to steal nearly $2 million from India's City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh's central bank in 2016, City's CEO said Monday.

POSTED FEBRUARY 20, 2018 10:26 AM
Ransomware, phishing attacks escalated in 2017
An 18% increase in ransomware incidents and a new type of phishing attack are just two of the emerging threats with which organizations had to cope in 2017, according to specialty insurer Beazley P.L.C.

POSTED FEBRUARY 20, 2018 10:22 AM
Navigate employee terminations with care


POSTED FEBRUARY 20, 2018 7:20 AM

Property Casualty 360

Around the P&C insurance industry: Feb. 21, 2018
News from Kemper Corporation, Coalition, HackerOne and more.

POSTED FEBRUARY 21, 2018 7:30 AM
The flexible insurance industry workplace
Older employees may be ready to cut back on hours but not retire completely. With a little flexibility, they can help employers fill the talent gap.

POSTED FEBRUARY 21, 2018 6:30 AM
Will business income insurance cover these 7 losses?
In order to trigger business income coverage, there must be direct, physical loss or damage to the property caused by a covered cause of loss.

POSTED FEBRUARY 21, 2018 6:15 AM
Arizona names InsurTech veteran interim director of insurance
For at least a short period of time, Arizona will have a top insurance regulator who has developed an insurance product comparison tool, a private exchange system and other tools for life and health insurance agents.

POSTED FEBRUARY 21, 2018 6:10 AM
2018 Agent Study: Which commercial providers do agents say they would consider using? (VIDEO)
Additional data from the 2018 Independent Agent Study looks at which commercial providers agents say they would consider using.

POSTED FEBRUARY 21, 2018 6:00 AM
Insurer strategies in 2018: The new balancing act
This year — 2018 — is likely to be an exciting one for the insurance industry as the transformation continues.

POSTED FEBRUARY 21, 2018 5:00 AM
9 ways to turn social situations into business relationships
Here are some suggestions to help you do everything (or at least most things) right when looking to transform social situations into business relationships.

POSTED FEBRUARY 21, 2018
2017 natural disasters mean insurance rate increases in 2018
While insurance industry surplus reached an all-time high in mid-2017, exceeding $700 billion, last year’s catastrophic events’ effect on earnings means thin profit margins for many carriers.

POSTED FEBRUARY 20, 2018 12:43 PM
The role of automation in data security
As compliance requirements multiply and become more fragmented, it's increasingly difficult to maintain uniformity in all 51 states.

POSTED FEBRUARY 20, 2018 6:15 AM
Where's the money? Solving payment issues after a CAT
Maximize technology to solve billing and payment dilemmas after a catastrophe.

POSTED FEBRUARY 20, 2018 6:00 AM

Business Insurance

German engineering firm seeks $123 million from former executives
Germany-based Bilfinger S.E. is pursuing claims of at least $123 million against former executives whom the engineering services firm has accused of breaches of duty in compliance and mergers.

POSTED FEBRUARY 21, 2018 6:02 AM
Insurers look to sell stake to comply with Malaysia's foreign ownership law
Singapore-based Great Eastern Holdings Ltd. and Japan-based Tokio Marine Holdings Inc. are in talks to sell about 30% of their business in Malaysia to comply with the country's new foreign ownership rules.

POSTED FEBRUARY 21, 2018 6:02 AM
Insurers challenge Bahamas' government over anti-money laundering rules
Emmanuel Komolafe, chairman of the Bahamas Insurance Association, said that the government's proposal to define property/casualty insurers as financial institutions under the Financial Transactions Reporting Bill could increase the industry's costs and impact premium prices.

POSTED FEBRUARY 21, 2018 5:57 AM
European Council backs delay in implementation of insurance distribution laws
The European Council has backed a proposal to delay the introduction of new laws on the distribution of insurance products until Oct. 1.

POSTED FEBRUARY 21, 2018 5:54 AM
Kenyan insurer to invest in technology to combat dubious claims
Kenya-based insurer Jubilee Holdings Ltd. plans to invest in new fraud detection systems to reduce an upsurge in dubious claims.

POSTED FEBRUARY 21, 2018 5:53 AM
Pacific catastrophe risk insurer pays out $3.5 million to Tonga
Cook Islands-based Pacific Catastrophe Risk Insurance Co. has paid out $3.5 million to Tonga's government after cyclone Gita struck the island nation on Feb. 13.

POSTED FEBRUARY 21, 2018 5:52 AM
Storms hit Queensland, cause power outage
Storms hit Australian state Queensland's central highlands on Feb. 20 leaving more than 30,000 properties without power.

POSTED FEBRUARY 21, 2018 5:50 AM
Marsh launches general liability construction product


POSTED FEBRUARY 20, 2018 2:29 PM
Vehicle-related comp claims rising in last decade
Vehicle-related workers compensation claims have been rising annually in claims count and in percent of total claims, according to data from AF Group.

POSTED FEBRUARY 20, 2018 2:21 PM
Damaged cargo dispute remanded to lower court
A lower court is going to have to decide after further investigation how much of the $918,000 claim Lloyd’s of London paid in connection with damaged cargo it may be able to recover, says an appeals court, in overturning a lower court ruling and remanding a case back to the lower court.

POSTED FEBRUARY 20, 2018 1:45 PM

Business Insurance - _Workers Comp

Vehicle-related comp claims rising in last decade
Vehicle-related workers compensation claims have been rising annually in claims count and in percent of total claims, according to data from AF Group.

POSTED FEBRUARY 20, 2018 2:21 PM
Kentucky accuses Cardinal Health of contributing to opioid epidemic
(Reuters) — Kentucky’s attorney general has filed a lawsuit against Cardinal Health Inc., accusing the drug distributor of contributing to the opioid epidemic.

POSTED FEBRUARY 20, 2018 12:54 PM
Manufacturer cited for safety hazards after finger amputation
The U.S. Occupational Safety and Health Administration on Friday has cited a Mobile, Alabama-based fiberglass pipe manufacturer for safety and health violations after an employee suffered a finger amputation.

POSTED FEBRUARY 20, 2018 12:44 PM
Environmental contractor settles OSHA retaliation claim
The U.S. Occupational Safety and Health Administration and Environmental Management Specialists Inc. have settled a lawsuit alleging the company retaliated against an employee who reported workplace safety concerns.

POSTED FEBRUARY 20, 2018 10:50 AM
Fire cleanup crews ordered to stop work over alleged comp violations
Five contractors working to help clean up a fire disaster area in California’s Ventura County were ordered to stop work after investigators alleged multiple workers compensation violations, the county’s district attorney announced.

POSTED FEBRUARY 16, 2018 1:23 PM
Indiana drug formulary bill advances


POSTED FEBRUARY 16, 2018 12:42 PM
Ohio court advocates disbarring lawyer accused of stealing comp funds
The Board of Professional Conduct of the Supreme Court of Ohio is recommending that a lawyer who allegedly stole comp payment funds from clients be permanently disbarred, according to a ruling filed Monday.

POSTED FEBRUARY 15, 2018 1:13 PM
Hawaii House committee passes independent medical exam bill
A Hawaii House of Representatives committee passed a bill that would require doctors who perform independent medical examinations to be qualified to treat injured workers.

POSTED FEBRUARY 15, 2018 12:18 PM

Progressive Agent Articles - Insurance Basics

Auto Insurance Made Easy
Understanding insurance can often be like trying to learn a foreign language. Many find it confusing and intimidating. Fortunately, there's help. Here is a quick reference designed to help you understand some of the most common kinds of coverages. The reference was put together by The Progressive Group of Insurance Companies.

POSTED JANUARY 14, 2009 1:00 PM
Fact or Fiction: Uncovering Auto Insurance Myths
Like a teenager eager to try a new video game, playing before reading the rules, many drivers buy insurance without really understanding what they're buying. In the rush to feel “covered,” they can skip the details. That can lead to frustration. Following are five insurance myths heard by some of the more than 13,000 claims people at Progressive, one of the country’s largest auto insurance companies.

POSTED FEBRUARY 12, 2009 1:00 PM
Putting Insurance Companies to Work for You
Car insurance may be one of the last things that comes to mind when you think about saving time, but the insurance company you choose can actually have a big impact on your time should trouble strike.

POSTED MAY 06, 2009 1:00 PM
Car Insurance Myths Debunked
Do red cars really cost more to insure? Is Comprehensive coverage really comprehensive? Should you and your neighbor be paying the same amount for car insurance? Leading car insurer Progressive debunks a few of the more widely held myths.

POSTED AUGUST 27, 2009 1:00 PM
Six Steps To Take If You're In An Accident
Car accidents can wreak havoc on an otherwise peaceful day. Even if they’re minor, they can often create confusion. You might ask yourself, how should I react? What should I do? Leading car insurer Progressive offers these simple steps to follow after an accident.

POSTED NOVEMBER 05, 2009 1:00 PM
Used Car Buying Tips
Before you buy a used vehicle, here are a few tips from leading car insurer Progressive to make sure you're getting your money's worth.

POSTED JANUARY 04, 2010 1:00 PM
Cutting New-Car Costs
To help consumers control car costs—from sticker price to insurance premiums—The Progressive Group of Insurance Companies offers these tips.

POSTED MARCH 15, 2010 1:00 PM
Four Questions To Get The Right Auto Insurance
Having the right type of policy can help ensure that you, your employees and your business are all protected in the unfortunate event that one of your vehicles is involved in an accident.

POSTED MAY 17, 2010 1:00 PM
Take Action to Avoid Driving Distractions
It may seem harmless to answer a quick call, grab a bite to eat or let your dog ride in your lap when you're behind the wheel. But in 2008, accidents caused by distracted drivers injured about 515,000 people. It takes two hands, a sharp eye, and your full attention to safely drive your car. Anything that keeps you from doing so means you're driving while distracted, or "DWD."

POSTED OCTOBER 10, 2010 1:00 PM
Smart Tips for Insurance Shoppers
When buying a car, there's more to consider than the make and model. Price, size, gas mileage—even the way it feels behind the wheel—affect your decision. You also should weigh your options when buying auto insurance. With many brands and features and price ranges out there, it pays to do your homework.

POSTED JANUARY 31, 2011

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Carolina Insurance Group confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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