Industry News

Best's Reviews

AM Best Places Credit Ratings of 21st Century Preferred Insurance Company Under Review With Negative Implications

Sep 19, 2019 AM Best has placed under review with negative implications the Financial Strength Rating of A (...

Delaware Insurance Commissioner to Face Challenger in Democratic Primary

Sep 19, 2019 Delaware Insurance Commissioner Trinidad Navarro will face a challenger in the Democratic primary next September. Kayode Abegunde, who has...

Bankrupt Purdue Pharma Seeking to Create Captive Insurer With Expiration of Current Policies

Sep 19, 2019 Unable to secure traditional liability insurance, bankrupt opioid maker Purdue Pharma is attempting to create a captive...

AM Best Affirms Credit Ratings of BUPA México, Compañía de Seguros, S.A. de C.V.

Sep 19, 2019 AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” and...

Insurance Journal

Cannabis Risk Management Group Wants to Impact Claims Via Best Practices

Sep 19, 2019 Buying some green bud at a dispensary shouldn’t be much different than purchasing a green pepper at the supermarket. That’s how Rocco Petrilli...

Beazley Launches Title IX Coverage for Educational Institutions

Sep 19, 2019 Specialist insurer Beazley has launched a comprehensive policy designed to cover infringements of Title IX, the federal law prohibiting discrimination based on sex...

Texas Auto Insurer of Last Resort Files for Rate Increases

Sep 19, 2019 The Texas Department of Insurance has extended the period in which recent rate increase request by the Texas Automobile Insurance Plan Association (TAIPA) may be...

Coal Mine Electrician Dies in Accident at West Virginia Mine

Sep 19, 2019 West Virginia officials say a 40-year-old coal mine electrician has died in an accident. The West Virginia Office of Miners’ Health, Safety and Training says...

Claims Journal

Residents Seek Backup Power as Storms, Fires Cause Blackouts

Sep 19, 2019 NEW YORK — Climate change has led to deadlier wildfire seasons in the American West and more severe hurricanes and storms barreling up the Southern and Eastern...

Board of Iowa Insurance Pool Travels Far for Public Meetings

Sep 19, 2019 IOWA CITY, Iowa — Board members of an Iowa government insurance program have frequently held public meetings at posh out-of-state resorts, costing tens of thousands...

Fire and Hail Push Insurers to Rethink Climate Change Risks

Sep 19, 2019 LONDON — By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his...

Tesla Model 3 Wins Top-Tier Safety Award from Insurance Group

Sep 19, 2019 Tesla Inc.’s Model 3 earned a coveted Top Safety Pick+ award from the Insurance Institute for Highway Safety, after the sedan performed better in a crash test...