Industry News

Insurance Journal

Court Upholds Immunity in Case of Iowa Officer Who Stomped on Suspect’s Ankle

Jul 10, 2020 A Davenport, Iowa, police officer who stomped on the ankle of a suspect used unreasonable force but cannot be held liable for doing so, a federal...

HUB Employee in California Suing Firm for Discrimination During Pandemic Lockdown

Jul 10, 2020 A former insurance account executive in California has filed a lawsuit claiming she was fired from her job in retaliation for complaining about...

May 2019 Tornadoes in Missouri Caused Nearly $190M in Insured Losses

Jul 10, 2020 The May 2019 tornadoes that ravaged several parts of Missouri caused significant damage to both residential and commercial properties, and resulted in close to...

Louisiana Governor Signs Law Protecting Schools from Most Virus Lawsuits

Jul 10, 2020 Louisiana’s K-12 schools and colleges will be shielded from most civil lawsuits if a student or teacher contracts the COVID-19 disease caused by...

Best's Reviews

AM Best Affirms Credit Ratings of Fairfax Financial Holdings Limited and Its Core Subsidiaries

Jul 10, 2020 AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” and the various Long-Term Issue Credit...

W.R. Berkley: 2Q Catastrophe Losses Could Be $145 Million on Pandemic, Civil Unrest

Jul 10, 2020 W.R. Berkley said it expects pretax net catastrophe losses of $145 million in the second quarter, driven by $85 million in higher...

Universal Sees 2Q Weather Costs $17 Million Higher Than Anticipated

Jul 10, 2020 Universal Insurance Holdings said it estimated about $17 million in higher pretax costs from weather events in the second quarter of 2020 than it...

AM Best Affirms Credit Ratings of UnipolSai Assicurazioni S.p.A.

Jul 10, 2020 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of UnipolSai Assicurazioni S.p.A...

Claims Journal

Tropical Storm Fay Gains Strength on Its Way to New York

Jul 10, 2020 Quick-moving Tropical Storm Fay strengthened as it moved toward southern New Jersey, where it was expected to make landfall Friday afternoon before sweeping north to New...

China Floods Blamed for Fresh African Swine Fever Outbreaks

Jul 10, 2020 BEIJING — Outbreaks of deadly African swine fever are surging in some parts of southern China following heavy rains, analysts and industry sources said, in...

Pandemic-Proofing: Insurance May Never Be the Same Again

Jul 10, 2020 Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis....

Lonza Expects Approval ‘Very Soon’ to Make Covid-Killing Claims for Disinfectant

Jul 10, 2020 Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in...