News
A.M. Best Affirms Greenlight Re at A; Upgrades Ireland Unit
A.M. Best announced Thursday that the rating agency has upgraded the financial strength rating (FSR) of Greenlight Reinsurance Ireland, Limited (Ireland) to "A "(excellent) from "A-"(excellent). The ...
WCRI Study Looks at California’s Workers Comp Reforms
When California Senate Bill 863 took effect Jan. 1, 2013, it created several fee schedule changes in the California workers compensation system. The Workers Compensation Research Institute released a ...
Litigation Trifecta Keeps Insurers Busy
Suits related to violations of the Telephone Consumer Protection Act (TCPA), cyber breaches and concussions remain at the top as far as litigation trends go, according to industry experts. And while ...
Chubb Tells SEC It Has No Direct Ties to ‘Adjusters’ in Syria
Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of ...
Space Station Supply Rocket Was Insured for $50M
Authorities on Wednesday started investigating what made an unmanned U.S. supply rocket explode in a fireball moments after lifting off from a launch pad in Virginia, destroying supplies and ...
Aon Benfield Study Sees Positive Return Outlook for U.S. HO Insurers
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has announced the release of its 2014 Homeowners ROE Outlook report, which sees trends emerging that support a ...
QBE NA Appoints Kronenberg, Former XL Environmental CEO, to Board
QBE North America has appointed William Kronenberg III to its board of directors. With nearly 40 years of experience in the insurance industry, Kronenberg is well suited to assist in enhancing QBE's ...
Federal Agencies Offer Flood Insurance Rule for Lenders
The federal government is offering residential property lenders guidance on escrowing their borrowers' flood insurance premiums and on when property owners do not have to buy flood coverage for ...