Industry News

Best's Reviews

AM Best Places Credit Ratings of StarStone Specialty Ins Co and StarStone Natl Ins Co Under Review Following Merger Announcement

Apr 19, 2021 AM Best has placed under review with developing implications the Financial Strength...

AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.’s Senior Unsecured Notes

Apr 19, 2021 AM Best has assigned a Long-Term Issue Credit Rating of “a-” to the $850 million 3.35% 10-year senior unsecured notes...

Cincinnati Insurance COVID-19 BI Case Gets First Appellate Court Review

Apr 19, 2021 An appeals court for the first time has heard oral arguments in a case that could decide a central argument in the scores of lawsuits by...

UK Insurers Need More Time to Implement Pricing, Reporting Changes, Survey Says

Apr 19, 2021 About two-thirds of United Kingdom insurers said they need more time to implement potential changes to general insurance pricing...

Insurance Journal

California Welder Arraigned on Felony Workers’ Comp Fraud Charges

Apr 19, 2021 Ahmad Zaki Noori, 41, of Sacramento, Calif., was arraigned on two felony counts of workers’ compensation insurance fraud after allegedly misrepresenting...

Texas House OKs Bill Allowing Carrying of Handguns in Public Without Permit

Apr 19, 2021 Texas handgun owners would no longer need a license or training to carry their weapon in public under a bill that cleared a major vote April 15...

Floor Collapses During Huge Party Near University of Georgia

Apr 19, 2021 At least 25 people were hurt when a floor collapsed during a massive party at a two-story house near the University of Georgia. Athens Clarke-County police said the...

Search for Crew Members Missing from Capsized Lift Boat in Gulf Continues

Apr 19, 2021 For a sixth day, rescue crews returned April 18 to a capsized lift boat in the Gulf of Mexico off Louisiana, looking for nine crew members who have...

Claims Journal

Florida Company Creates COVID-19-Killing Ultra-Violet Light

Apr 19, 2021 FORT MYERS, Fla. (AP) — Energy Harness CEO/inventor/engineer Michael Fischer and senior vice president Peter Lehrer were approached with a problem from a client...

Liberty Sues Jerry Falwell Jr., Seeking Millions in Damages

Apr 19, 2021 RICHMOND, Va. (AP) — Liberty University has filed a civil lawsuit against its former leader, Jerry Falwell Jr., seeking tens of millions in damages after the two...

The Hartford Agrees to Pay $650 Million in Boy Scouts Bankruptcy

Apr 19, 2021 DOVER, Del. (AP) — Insurance company The Hartford has agreed to pay $650 million into a proposed trust fund for victims of child sexual abuse as part of the...

Restaurant Owner Gets $1.7M Over Claim of City Harassment

Apr 19, 2021 STOCKBRIDGE, Ga. (AP) — A suburban Atlanta barbecue restaurant owner will get $1.7 million to settle a federal lawsuit claiming he was harassed by government...