6 industries millennials think just aren’t cool


Take it from today’s young hipsters: Retail, construction and manufacturing are way not cool. And the same goes for insurance.
Source: Property Casualty 360

Brazil to Sue BHP and Vale for $5.24B in Damages Caused by Burst Dam Disaster


Brazil’s federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion) in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday …
Source: Insurance Journal

Delta Lloyd Plans to Raise $1.06 Billion in Rights Offer to Improve Capital Position


Delta Lloyd NV plans to raise as much as 1 billion euros ($1.06 billion) in a rights offer as the Dutch insurer seeks to improve its capital to meet new regulatory standards. The shares dropped. “We realize this is a very substantial …
Source: Insurance Journal

Asia presents ‘great opportunity’: Swiss Re

Emerging Asia offers “great opportunities” for Australian insurers, according to Swiss Re…


Source: Insurance News Australia

Deadly SA bushfires declared a catastrophe

The Insurance Council of Australia has declared north of Adelaide a catastrophe, activating a special taskforce and hotline…


Source: Insurance News Australia

El Nino persists, but Indian Ocean temperatures offer relief

The positive Indian Ocean Dipole, which has reinforced the impact of El Nino in Australia since August, has broken down…


Source: Insurance News Australia

Gallagher settles case against former employees

Arthur J Gallagher has settled a damages action against two former employees who it says breached the restraint-of-trade obligations in their employment contracts…


Source: Insurance News Australia

Study to shed light on underinsurance

A national survey aims to highlight the true scale of underinsurance in Australia, as the bushfire season gets off to a devastating early start…


Source: Insurance News Australia

Woman, 8-months pregnant, crashes car for insurance money

It’s not often that a sitting judge will publicly deem a defendant ‘wicked to the extreme,’ but that’s exactly what one magistrate called a Sydney woman who orchestrated a car collision for insurance money when she was only four weeks away from giving birth.

On a rainy night earlier this year, Ghenoua Fadel intentionally slammed her Toyota Rav 4 “with force” into a Nissan X-Trail that had been strategically placed in the street by Jamal Gmrawi, a friend of her husband. Then, a second friend who had been watching for witnesses entered the car and ran into the Nissan X-trail yet again.

Fadel was eight months pregnant at the time, and the only precaution she took for the unborn baby was placing a pillow between her stomach and the steering wheel.

She complained to authorities about stomach and back pains, but told the police and ambulance workers that the exit constituted a “miraculous escape.”

Then, both Fadel and Gmrawi alleged that she missed a stop sign and subsequently collided with the other car. Investigators later discovered, however, that the damages on the friend’s vehicle were caused by two distinct forces of impact, and Gmrawi’s vehicle was not in motion during either.

The fraudsters did not realise their actions had been captured by CCTV cameras, which confirmed that the collisions were deliberate. In the meantime, though, Fadel had already filed a $24,440 claim with her insurer, NRMA, and Gmrawi requested nearly $45,000 from his insurer, AAMI.

WOW!  –  That’s why our premiums go up!

First bushfire season catastrophe – SA – claims two lives

South Australia Buhsfires 2015

 

Authorities have declared the first bushfire catastrophe of the season as fires continue to burn in South Australia.

Thus far two people have been killed by the blaze, 13 remain in hospital with five in critical condition, 16 homes have been destroyed and the fire has burned through some 85, 000 hectares of land, the ABC reports.

 

 

 

Recognising innovation


Against the backdrop of a changing risk landscape, Lloyd’s has launched the market’s inaugural Innovation Awards, to recognise underwriters in the market who “think outside the box”
Source: Lloyds

Recognising innovation

Against the backdrop of a changing risk landscape, Lloyd’s has launched the market’s inaugural Innovation Awards, to recognise underwriters in the market who “think outside the box”
Source: Lloyds

People on the move in the P&C insurance industry: Nov. 27, 2015


News from Allianz, Collinson, CAS, Vantage Angora and more.
Source: Property Casualty 360

People on the move in the P&C insurance industry: Nov. 27, 2015

News from Allianz, Collinson, CAS, Vantage Angora and more.
Source: Property Casualty 360

9 tips for producers to get out of a sales slump


Sales slumps don’t discriminate. Even the most successful, seasoned producer could face one.
Source: Property Casualty 360

From the physical to the intangible


The winners of this year’s Science of Risk Prize channelled innovative computer science approaches to two of society’s biggest challenges: food and cyber security.
Source: Lloyds

USI Names Peirce Employee Benefits Leader, Producer for Mountain Region

USI Insurance Services has named Robert Peirce employee benefits leader and producer for the Mountain region. Peirce is responsible for driving revenue growth as well as managing a book of prospects and clients for USI in Colorado, Wyoming, North Dakota …
Source: Insurance Journal

USI Names Peirce Employee Benefits Leader, Producer for Mountain Region

USI Insurance Services has named Robert Peirce employee benefits leader and producer for the Mountain region. Peirce is responsible for driving revenue growth as well as managing a book of prospects and clients for USI in Colorado, Wyoming, North Dakota …
Source: Insurance Journal

Dry Cleaners Show Up After House Fire¸ Claim Insurer Referred Them

The fire in April destroyed Jeanie Kendrick’s plans. “My dream was to retire and have the American dream. My own home¸” she said. Two days after the devastating fire gutted her mobile home¸ she and her granddaughter Denette say two women from CRDN Textile Experts showed up unannounced to the burned home. “They told me my insurance company sent them¸” she said. “I said¸ ‘State Farm sent you?’” Denette recalls. “And they said¸ ‘yes.’”
Source: The Page – USA

6 tips for cooking your Thanksgiving meal safely

A few precautions in the kitchen can save your dinner — and your home — from going up in flames.
Source: Property Casualty 360