Industry News

Insurance Journal

AM Best Downgrades Credit Ratings of California Casualty Group Members

Jun 14, 2019 AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength...

Arthur J. Gallagher Acquires Abram Interstate Insurance Services in California

Jun 14, 2019 Arthur J. Gallagher & Co. has acquired Rocklin, Calif.-based Abram Interstate Insurance Services Inc. Terms of the deal were not disclosed. Ron...

Mississippi Requests Pumps from Federal Govt. to Ease Flooding

Jun 14, 2019 Faced with weeks more flooding in a part of Mississippi that’s been underwater since February, one of the state’s U.S. senators on Wednesday asked...

Pinnacle Adds Schubert as Consulting Actuary in Atlanta

Jun 14, 2019 Pinnacle Actuarial Resources, Inc. has hired Christopher J. Schubert as a consulting actuary in the firm’s Atlanta office. Schubert has more than 8 years of...

Best's Reviews

Wawanesa Plans New North American Headquarters After Local Workforce Doubles

Jun 14, 2019 Wawanesa Mutual Insurance Co. is planning a new North American headquarters after doubling its local workforce over the past five years...

Trump Administration Expands Employer-Funded HRA Rules to Cover Limited-Benefit Health Policies

Jun 14, 2019 The Trump administration is expanding employer-funded health reimbursement arrangements to allow employees to tack...

AM Best Affirms Credit Ratings of The Empire Life Insurance Company

Jun 14, 2019 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of The Empire Life Insurance...

Swiss Re’s ReAssure to Pursue Initial Public Offering in July

Jun 14, 2019 Swiss Re Ltd. said its U.K. closed life unit ReAssure Group plc confirmed it intends to pursue an initial public offering with a July target date....

Claims Journal

California Court: Marijuana OK in Prison, but not for Use

Jun 14, 2019 SACRAMENTO, Calif.– A California appeals court says it’s legal to have small amounts of marijuana in prison — so long as inmates don’t inhale. The 3rd...

Lawyers Pitch Plan to Include Entire U.S. in Opioid Settlement Talks

Jun 14, 2019 Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on...

Crime App Citizen Draws 1 Million New Yorkers and Some Controversy

Jun 14, 2019 One afternoon in late October 2017, hundreds of students from the elite Avenues private school in Manhattan were loaded onto buses, ready to head home. Suddenly...

Bayer Dangles $5.6 Billion Olive Branch to Roundup Critics

Jun 14, 2019 Bayer AG will pump about 5 billion euros ($5.6 billion) of its research and development budget into alternatives to its weedkiller glyphosate over the next decade...