Industry News

Best's Reviews

Tax Court Rules Again for IRS in Microcaptive Case

Mar 28, 2024 The Internal Revenue Service has won another round of legal wrangling over a dispute with a microcaptive owner's tax payments for a number of years. Sunil...

Best's News: AM Best Says Eurozone Inflation on Track Despite Inflationary Impact of Houthi Disruption

Mar 28, 2024 Some inflationary impacts on goods in Europe are likely due to escalated shipping risks in the Red Sea...

Lloyd's Grants Fidelis, Hampden in Principle Approval for Syndicate 3123

Mar 28, 2024 Lloyd’s has granted Fidelis Insurance Holdings Ltd. and Hampden Agencies in-principle approval to launch Syndicate 3123, which plans to...

Aon: April Renewals Herald Buyers' Market With Ample Property Cat Capacity

Mar 28, 2024 A property catastrophe market in transition suggests a buyers’ market at April reinsurance renewals, according to broker Aon....

Insurance Journal

Ki Enters Partnership With Beazley, Expanding Capacity for Digital Follow Syndicate

Mar 28, 2024 Ki, the digital and algorithmically driven Lloyd’s syndicate, announced a partnership with Beazley whereby Ki will offer additional...

Institutional Investor GIC Finalizes Acquisition of Insurance Broker Miller

Mar 28, 2024 Miller, the London-based independent specialist re/insurance broker, announced that GIC, Singapore’s sovereign wealth fund, has completed...

J&J to Pay $75 Million to Settle Mississippi’s Baby Powder Suit

Mar 28, 2024 Johnson & Johnson will pay $75 million to settle a consumer protection lawsuit filed by Mississippi over the company’s talc-based baby powder,...

Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate

Mar 28, 2024 The Fidelis Partnership, the Bermuda-based managing general underwriter, announced that Lloyd’s has granted “in principle...

Claims Journal

Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?

Mar 28, 2024 When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists...

J&J to Pay $75 Million to Settle Mississippi’s Baby Powder Suit

Mar 28, 2024 Johnson & Johnson will pay $75 million to resolve a consumer protection lawsuit filed by Mississippi over the company’s failure to add a safety warning...

Louisiana’s Temple Seeks Reform in Response to State Farm’s California Exit

Mar 28, 2024 Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s withdrawal from the California market as a warning for lawmakers to modernize...

Subaru Recalls 118,000 US Vehicles Over Faulty Air Bag Sensors

Mar 28, 2024 Subaru is recalling 118,000 SUVs and sedans in the United States to address a faulty sensor that can prevent air bags from deploying in a crash, the National Highway...