News
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according ...
U.S. States Consider Ban on Cosmetics With ‘Forever Chemicals’
A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the ...
Tech Bytes: New Partnerships at TSIQ, Distinguished, CLARA
Two Sigma Insurance Quantified (TSIQ), an underwriting technology company for the commercial property/casualty industry, announced a partnership with SambaSafety, a provider of driver risk management ...
EPA to Propose New Vehicle Pollution Cuts, Sees Big EV Jump
The U.S. Environmental Protection Agency is set to propose new rules to spur sweeping cuts in vehicle emissions pollution that will push automakers toward a big increase in electric vehicle sales, ...
AM Best Places Ratings of R&Q and Subsidiaries Under Review With Negative Implications
AM Best has placed under review with negative implications the Financial Strength Rating of "A-" (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of R&Q Insurance Holdings' ...
Insurer Scores Court Victory Over Green Energy Tax Credits
An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax ...
InsurTech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo
Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd's of London. The multi-year arrangement initially will bring $20 million in ...
EPA Survey Reveals 9.2 Million Lead Pipes Around U.S.
Some 9.2 million lead pipes carry water into homes across the U.S., with more in Florida than any other state, according to a new Environmental Protection Agency survey that will dictate how billions ...