Industry News

Best's Reviews

AssuredPartners Appoints Several Executives

Apr 20, 2018 AssuredPartners Inc. has made several management changes as it continues to expand. Colin Lowe was appointed national practice leader for select commercial and...

A.M. Best Affirms Credit Ratings of Ansvar Insurance Limited

Apr 20, 2018 A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Ansvar Insurance Limited (...

BestWeek: Active Shooter Panel Says Violence Coverage Is ‘Business as Unusual’

Apr 20, 2018 As demand for coverage against the costs of active shooter and similar incidents is rising, insurers are developing a wide array of...

A.M. Best Assigns Issue Credit Rating to Fidelity & Guaranty Life Holdings, Inc.’s Senior Unsecured Notes

Apr 20, 2018 A.M. Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bb+” to the $550 million 5.5...

Insurance Journal

Business Risk Partners Partners With Aspen on Agents Professional Liability Coverage

Apr 20, 2018 Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers...

Woman Injured at Ohio Fair Gets $1.8M from Ride Owner, Inspection Companies

Apr 20, 2018 A woman who suffered a traumatic brain injury in a thrill ride accident at last year’s Ohio State Fair will receive $1.8 million. A judge this...

Houston-Area Flood Control District: $155M Needed for Harvey Damage Study, Repairs

Apr 20, 2018 The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey...

Firefighters Hope Better Weather Will Aid Oklahoma Wildfire Fight

Apr 20, 2018 Firefighters are hoping higher humidity and milder winds will help them fight wildfires in Oklahoma, though conditions are critical in Arizona and New...

Business Insurance

Lance Armstrong settles federal fraud case for $5M

Apr 20, 2018 (Reuters) — Former cycling champion Lance Armstrong on Thursday agreed to pay $5 million to...

Ontario expands firefighter cancer presumption for comp

Apr 20, 2018 With the expanded presumption, firefighters diagnosed with three additional types of cancers will...

Claims Journal

Do Your Claims Letters Contain the Appropriate Tone?

Apr 20, 2018 There’s no good reason to make an enemy of the claimant or, if in litigation, the opposing attorney. We reveal ourselves in our claims letters and their tone. Is the...

NYC Slip and Fall Scheme Defrauded Businesses, Insurers of More Than $31M

Apr 20, 2018 Five New York City men were charged with conspiracy to commit mail and wire fraud in connection with a scheme to obtain fraudulent insurance reimbursement and...

Illusionist Copperfield Testifies in Las Vegas Tourist Injury Case

Apr 20, 2018 David Copperfield testified Wednesday that he didn’t know until he was sued that a British tourist claimed to have been seriously injured while taking part in...

Houston-Area District Expects $155M in Damage Repairs From Harvey

Apr 20, 2018 The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey. Workers this week...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.