Industry News

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AM Best Affirms Credit Ratings of Victoria Insurance Company JSC

Apr 11, 2024 AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Victoria Insurance...

Marsh McLennan: Insurers Stay Strong on Private Investments in 2024

Apr 11, 2024 A third of insurers said they intend to increase their allocations to private debt in 2024, as the class now constitutes a mainstay of...

AM Best Affirms Credit Ratings of Seguros El Potosí, S.A.

Apr 11, 2024 AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Mexico National Scale...

Former Nationwide, Travelers Exec Joins Farmers as President, Business Insurance

Apr 11, 2024 Farmers Insurance hired Eric Coleman as president of business insurance, effective April 10. Coleman is responsible for leading...

Insurance Journal

Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration

Apr 11, 2024 Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty...

Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

Apr 11, 2024 After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry...

St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards

Apr 11, 2024 Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the...

Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller

Apr 11, 2024 OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank...

Claims Journal

US Cyber Agency Warns of Compromise at Sisense Data Firm

Apr 11, 2024 The US lead agency for federal cybersecurity is warning that Sisense Inc., a data analytics company, has suffered a compromise that could expose customer credentials and...

Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses

Apr 11, 2024 Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and...

US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting

Apr 11, 2024 It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming...

Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud

Apr 11, 2024 Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in...