U.S.
Maiden Holdings’ A.M. Best Financial Strength Rating Dips Below ‘A’
Maiden Holdings is dealing with some A.M. Best ratings downgrades due to concerns about its operating performance. The ratings agency downgraded the long-term issuer credit rating to "bb" from "bb-" ...
CNA’s Commercial Lines Improvements Win Outlook Upgrade From S&P
CNA Group gained an outlook upgrade from Standard & Poor's based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. As ...
California Wildfires Lowering Surface Temps, Blotting Out the Sun
The smoke from California's deadliest fire is so thick that it's blotting out the sun and lowering surface temperatures by as much as 10 degrees Fahrenheit (6 Celsius), according to the U.S. National ...
Swiss Re Backs Cover of U.S. Solar Power Output Risks
A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing ...
Global Insurance Regulators Delay Applying ‘Too Big to Fail’ Label to Carriers
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American ...
Executives On The Move at Liberty Mutual, Hamilton Re and Willis Towers Watson
Liberty Mutual Insurance appointed four executives who will beef up the technology capabilities of its chief information officer. Hamilton Re hired away a Hiscox Re executive to fill a newly created ...
J&J Cleared of Talc Cancer Liability in California Jury Trial
A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos ...
Hippo, Seller of Online Homeowners Insurance, Attracts $70M in New Financing
Hippo, a provider of super-quick homeowners insurance, said it has pulled in a new $70 million financing round designed to fuel an ongoing expansion of its customer-focused online products and ...