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News Center

News – Insurance Journal

Majesco Appoints Elster as CEO; Mehta Becomes Chairman
Insurance software and consulting firm Majesco has appointed Adam Elster as chief executive officer, effective October 1, 2018. The company said that Ketan Mehta, Majesco co-founder and current CEO, has decided to retire from the operational role after 36 years …

Chubb Appoints Konz as EVP, Reinsurance Officer, Overseas General Insurance
Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for Chubb Overseas General Insurance, the company’s international general insurance business in over 50 countries and territories. Konz is currently senior vice president, Ceded Reinsurance for Chubb’s North American …

POSTED SEPTEMBER 25, 2018 12:35 PM
Judge Declares Mistrial in California J&J Talcum Cancer Case
Johnson & Johnson’s latest trial over claims that its baby powder causes cancer ended in a stalemate when jurors couldn’t agree on a verdict. A state judge in Pasadena, California, declared a mistrial Monday after jurors deadlocked on Carolyn Weirick’s …

POSTED SEPTEMBER 25, 2018 12:32 PM
Singapore’s Changi Airport Tests Terminal Run by Robots, Not Humans
Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer. Singapore’s Changi Airport, voted the world’s best for the past six years by Skytrax, is pursuing that …

POSTED SEPTEMBER 25, 2018 12:19 PM
UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit
The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit. Labour’s Brexit spokesman Keir Starmer set out what he …

POSTED SEPTEMBER 25, 2018 12:04 PM
Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey
A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated entities. More than 80 percent of survey respondents said …

POSTED SEPTEMBER 25, 2018 11:44 AM
Alliant Hires Potts to Its Employee Benefits Group in Virginia
Alliant has hired Arlene Potts as vice president within its Employee Benefits Group. Potts is based in Suffolk, Va., and will work with a portfolio of clients to provide strategic employee benefits services that aim to reduce healthcare costs and …

POSTED SEPTEMBER 25, 2018 10:56 AM
Mass. Medical Transportation Business Cited $460K for Wage Law Violations
A Massachusetts medical transportation business and its managers has been cited $460,945 in restitution and penalties for violating workers’ rights and state wage laws. Massachusetts Attorney General Maura Healey’s office began investigating Watertown, Mass.-based Quantum Transportation LLC and its managers, …

POSTED SEPTEMBER 25, 2018 10:28 AM
Pioneer Taps XL Catlin’s McMellin as CEO; Douetil Becomes Chairman, as Taylor Retires
Pioneer Underwriters appointed Andrew McMellin as chief executive officer, effective Oct. 8, 2018 and pending regulatory approval. Dane Douetil, CEO of Pioneer’s parent company, Minova Insurance Holdings Ltd., and currently CEO at Pioneer, will become chairman of the business. Max …

Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to be less of a …


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