Industry News

Best's Reviews

AM Best Places Credit Ratings of Tri-State Consumer Insurance Company Under Review With Negative Implications

Dec 10, 2018 AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (...

Aon Benfield: Wildfire Losses Should Exceed $10 Billion for Second Consecutive Year

Dec 10, 2018 Wildfire insured losses should exceed $10 billion for the second consecutive year, which could change the hazard’s status as a...

Stonybrook Managing Director: Bank Troubles Cast Shadow Over Surplus Notes Market

Dec 10, 2018 Ravi Arps, managing director, Stonybrook Capital, said the financing tool available to mutual insurance companies faces a...

Governor Signs New York Principle-Based Reserving Bill; Law Becomes Effective in 2020

Dec 10, 2018 New York Gov. Andrew Cuomo signed legislation allowing the state to implement a principle-based reserving standard for life...

Insurance Journal

UK Prime Minister Defers Brexit Vote, Raising Risk of No Deal

Dec 10, 2018 Theresa May is playing for time. Faced with a humiliating defeat on her Brexit deal, the embattled U.K. prime minister announced to the House of Commons she...

Winter Storm Leaves Mess Behind in Southeast, More Snow Expected

Dec 10, 2018 A massive storm brought snow, sleet, and freezing rain across a wide swath of the South on Sunday – causing dangerously icy roads, immobilizing snowfalls...

Arthur J. Gallagher Acquires Chicago Captive Insurance Consultant

Dec 10, 2018 Arthur J. Gallagher & Co. has acquired Chicago-based Captive Insurance Company Design and Operations. Terms of the transaction were not disclosed. Formed in...

Firms Increasing Investments in Michigan Insurance Brokerage, Acrisure

Dec 10, 2018 Three firms are increasing their investments in Acrisure LLC, the Caledonia, Michigan-based insurance brokerage announced. Acrisure said a group of...

Claims Journal

Arkansas Woman Gets $3M Jury Award for Escalator-Mangled Toe

Dec 10, 2018 Jurors have awarded a New York medical student $3 million after she suffered a gruesome toe injury while riding an escalator at an Arkansas mall. The Arkansas...

South Carolina Increases Hurricane Florence Relief Request to $435M

Dec 10, 2018 South Carolina’s congressional delegation will be able to ask for more funds to provide relief following Hurricane Florence, thanks to a move by the...

Honolulu Condos Must Move to Comply With New Fire Safety Rules

Dec 10, 2018 Honolulu high-rise condominium owners won’t get more time to comply with stricter fire safety rules enacted after an apartment fire in 2017 killed four people. The...

Southeast Faces Wintry Mess of Snow, Sleet, Freezing Rrain

Dec 10, 2018 A storm spreading snow, sleet and freezing rain across a wide swath of the South has millions of people in its path, raising the threat of immobilizing snowfalls, icy...