Industry News

Best's Reviews

A.M. Best Downgrades and Withdraws Credit Ratings of Kanawha Insurance Company

Aug 16, 2018 A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B (Fair) from B...

Prime Insurance Approved to Write Coverage in California

Aug 16, 2018 Prime Insurance Co. has been approved to offer surplus lines coverage in California. “We can offer coverage on all or part of a risk, and this gives...

Panel: Prospect of Federal Rules for Cyber Puts Pressure on Insurers, States

Aug 16, 2018 David Provost, deputy commissioner, Vermont; Sandy Bigglestone, director of captives, Vermont; and Brenda Stewart, senior account...

Randall & Quilter Unveils Three European Managing General Agency Partnerships

Aug 16, 2018 Randall & Quilter Investment Holdings Ltd. said its European subsidiary R&Q Insurance (Malta) Ltd. signed three new...

Insurance Journal

States with Best, Worst Home Flood Damage Disclosure Laws

Aug 16, 2018 In 21 states, home sellers are not required by law to disclose to buyers whether their home has ever flooded or whether they will be required to purchase flood...

Apparent Natural Gas Explosion in Denver Injures 9

Aug 16, 2018 Nine people were injured, one critically, by an apparent natural gas explosion in Denver on Aug. 14, firefighters said. Capt. Greg Pixley, a spokesman for the Denver Fire...

Experts: Cost of Hail Damage Will Continue to Rise

Aug 16, 2018 Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories,...

Why Insurers Should Love, Not Fear, Amazon: Viewpoint

Aug 16, 2018 Whenever Amazon.com Inc. eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report on Thursday that the e-commerce giant has been talking...

Claims Journal

FBI Finds Data Recorder From Washington Plane Taken for Fatal Joyride

Aug 16, 2018 He cracked jokes, complimented the professional demeanor of an air traffic controller and apologized for making a fuss. But the friendly tone of a 29-year-old...

South Texas Town, Residents Recovering Nearly a Year After Harvey

Aug 16, 2018 Armonie Brown pauses for a second when asked about Hurricane Harvey. The Corpus Christi Caller-Times reports Brown saw friends and teammates lose their homes...

Virginia Governor Establishes Task Force to Study Worker Misclassification

Aug 16, 2018 Virginia Governor Ralph Northam signed an Executive Order establishing an interagency task force on worker misclassification and payroll fraud. The...

Kentucky High Court Hears Arguments Over Med Mal Review Panels

Aug 16, 2018 After Ezra Claycomb was born with severe brain damage and cerebral palsy, his mother considered filing a medical malpractice lawsuit. But in 2017, Kentucky’s...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...