News
AM Best Downgrades California Earthquake Authority Credit Ratings
AM Best downgraded the Financial Strength Rating of California Earthquake Authority to "B++" (Good) from "A-" (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" (Good) from "a-" ...
InsurTech FloodFlash Officially Launches in U.S.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance available to businesses that can't ...
Tech Bytes: New Partnerships at Brownyard Group, Trium Cyber, Munich Re
Brownyard Group, a program administrator providing specialized insurance coverage for select industries, announced a partnership with Hudson Insurance Group. Hudson will work with the Brownyard Group ...
Skyward Specialty Finds 2023 Is Right for IPO
Houston, Texas-based Skyward Specialty on Friday became the first U.S. company to launch an initial public offering in the 2023 calendar year, a move that CEO Andrew Robinson said will provide ...
Appeals Court Rules Insurers Not Obligated to Defend Distributor of Opioids
Westfield National Insurance Co. and Motorists Mutual Insurance Co. are not required by their insurance contracts to defend generic drug distributor Quest Pharmaceuticals against dozens of ...
Twitter’s Laid-Off Workers Cannot Pursue Claims Via Class-Action Lawsuit
Twitter Inc. has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration rather than a ...
Travelers Estimates Drop in Q4 Income on Winter Storm Losses
Travelers Companies released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter and expects to report net income of $819 million for the last three months of ...
USAA Commits $20 Million to Advance Economic Mobility for Underserved Communities
USAA announced it has committed $20 million to nearly 50 nonprofit organizations as part of its three-year, $50 million commitment made in late 2020 to advance diversity, equity and inclusion. "Over ...