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Berkshire insurance businesses had a Q4 underwriting gain of $548 million
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Investment income from insurance units fell to $889 million from $1.03 billion during the same period in 2015.

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Chubb’s Draper Jumps to Navigators to Head International Casualty
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The Navigators Group Inc. said that David J. Draper has joined the company as head of International Casualty. Draper is responsible for developing Navigators’ international casualty business outside of the United States in Europe, including in the UK, and in …

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U.S. Supreme Court Ruling Limits International Reach of Patent Laws
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The Supreme Court on Wednesday sided with California-based Life Technologies Corp. in a patent infringement case that limits the international reach of U.S. patent laws. The justices ruled unanimously that the company’s shipment of a single part of a patented …

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Fraud News: Contents Fraud, Staged Auto Crash Busted; New Workforce Safety App
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Louisiana Woman’s Contents Valued at $1000 in Bankruptcy and $100,000 After  Fire Loss A Monroe, La., woman pleaded guilty to mail fraud in a scheme where she lied on U.S. Bankruptcy Court filings and insurance documents, according to United States …

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Oklahoma family gets keys to first FORTIFIED Home™
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IBHS and Central Oklahoma Habitat for Humanity collaborate to build fortified homes better able to resist high winds from tornadoes, which should help reduce insurance rates.

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Helping Small Insurers Sell Cyber Coverage to Small Businesses
agentnewsjournal.com

With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been sidelined in this market due to …

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Lucky to Be Alive, Calling for a Revolution in Road Safety
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Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even …

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Massachusetts-Headquartered Eastern Insurance Group Hires Goyer
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Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired Mark J. Goyer as vice president and sales executive within Eastern Benefits Group, the insurance firm’s employee benefits division. Goyer, who works out of the Norwell, Mass., office, …

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UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
agentnewsjournal.com

U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance market and …

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