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13 Sep 16 - Business Insurance News

Is Google about to enter the insurance business?
The name “Google” has been one of those floated around as a potential new player in the insurance arena - and one that, on name value alone, would likely eat up a significant volume of business. So much so, in fact, that in a recent Capgemini report ...

Why Home Based Businesses Need Insurance
Is yours a home based business? You're not alone if that's the case. More than half of the businesses in the United States are based out of the owner's home, with more being added every year, according to research by the Small Business Administration.

Add-on insurance products sold by car dealers are failing ...
Add-on insurance products sold to Australians by car dealers are "expensive", "poor value" and "provide little to no benefit," the Australian Securities and ...

An insurance career reinvention
Blake re-skilled as a strategy consultant and began working with the insurance industry in the early 1990s, advising insurance businesses on strategy and improving business processes. Since then, Blake has developed into a global leader in the ...

'Never been a better time' for brokers to sell their business
However, the insurance industry continues its creep towards digitalisation as more consumers look to transact fully online.

Bank of Queensland mulls St Andrews Insurance sale
Bank of Queensland mulls St Andrews Insurance sale. by Insurance Business 13 Sep 2016. SHARE. Bank of Queensland mulls St Andrews Insurance sale. Bank of Queensland mulls St Andrews Insurance sale Bank of Queensland is reportedly mulling the ...

Share comparison: Suncorp v QBE Insurance
Though insurers are not the most exciting businesses in the domestic financial landscape, investing in this sector can provide exposure to the current yield investment theme.

Self-driving cars to cut insurance premiums 40 per cent, Aon Says
"Autonomous driving clearly moves the business mix to fleet products and commercial lines." Insurers such as Allianz SE and Munich Re are trying to assess the impact of automation on their biggest non-life insurance market as car makers from Tesla ...

Adsensa Launches its Submission Analysis Business Application for ...
Adsensa, the provider of software designed to assist P&C commercial and specialty lines insurers transform underwriting by efficiently and acc.

AM Best Assigns Credit Ratings to OBI America Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to OBI America Insurance Company (OBIA) (Harrisburg, PA). The outlook assigned to these Credit Ratings ...

Insurance industry struggles with increasing costs of natural disasters
Much of those losses will in turn be covered by reinsurance companies, which provide insurance for the insurance industry itself.

International insurance data firm heads to Australia
International insurance data firm heads to Australia PERILS, a European firm which specialises in industry-wide catastrophe insurance data, has announced its launch in Australia. The Zurich based firm has made available market-wide property sum insured ...

President Obama just sent a letter to health insurance CEOs asking for help fixing Obamacare
President Barack Obama is enlisting the help of some health insurance companies to try to fix the Affordable Care Act, better known as Obamacare.

Mills Oakley expands WA practice
Along with the recent hire of special counsel Andrew Crean from DLA Piper, this means Mills Oakley has doubled the size of its Perth corporate and commercial team to 10 lawyers. In addition, Mills Oakley has bolstered its insurance practice with the ...

Extra insurance could cover your property, if lost in a business fire
Georgia's Insurance Commissioner says it would have-- IF the business had what's called Bailee's Insurance. Commissioner Ralph Hudgins says, when you take any item in, ask if the business carries it. "Bailee's insurance would cover that property if ...

Small Businesses Face Underinsurance Risk
Studies of Australian small businesses - such as jumping castle operations, play centres and those in the security industry - have shown that more than 60% don't have insurance for business interruption, 80% don't have machinery breakdown cover, over ...

Top 10 Reasons Why Your Business Needs Insurance
For those and other reasons, it is important to protect your assets, both business and personal. One of the best ways to do that is to make sure you and your business are adequately insured. Here are ten top reasons why your business needs insurance.

Berkley agrees to sell motor and fleet book to Pen Underwriting
Pen, which has been in the motor insurance market for two decades, will employ underwriters from Berkley in Brisbane, Melbourne and Perth “to retain market contact,” Marshall continued, and will work alongside current Pen underwriters in the market.

Lincoln Financial Group's Heather Milligan Earns Women in Insurance Leadership Award
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group is pleased to announce that Heather Milligan, senior vice president of underwriting and new business for Lincoln's individual life insurance business , has been recognized by Insurance Networking ...

Steadfast, AIMS join NIBA board
“Nick and Glenn's skills and experience complement the board's, which will put NIBA in a strong position to protect, enhance and promote the business of professional insurance broking in Australia.” Schultz noted that the strength of NIBA is integral ...

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