Industry News

Best's Reviews

A.M. Best Changes Credit Ratings of CBL Ins Ltd Following Regulatory Action; Withdraws Issuer Credit Rating of CBL Corp Ltd

Feb 23, 2018 A.M. Best has removed from under review with negative implications and changed the...

MetLife, Chubb to Stop Offering NRA-Backed Insurance

Feb 23, 2018 MetLife Inc. and Chubb Ltd. said they will stop offering National Rifle Association-backed insurance policies. The statements come in the wake of calls on...

A.M. Best Affirms Credit Ratings of Intact Financial Corporation and Its Subsidiaries

Feb 23, 2018 A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term...

Erie Net Declines 29.9% as Tax and Non-Commission Expenses Rise

Feb 23, 2018 Erie Indemnity Co. fourth-quarter net income declined 29.9% to $32.1 million. The company attributed $10.1 million of the $13.7 million decline to...

Property Casualty 360

Swiss Re says adding anchor shareholder would be 'attractive'

Feb 23, 2018 Swiss Re on Friday said it plans to raise its dividend and return an additional $1 billion to shareholders.

Stepping back in time helps with insurance claims too

Feb 23, 2018 Insurance archaeology helps insurers unearth which entity is responsible for covering long-tail environmental claims.

People on the move in the P&C insurance industry: Feb. 23, 2018

Feb 23, 2018 News from HUB International of California, Brokerslink, Ed and more.

10 states with the worst drivers

Feb 23, 2018 Results from the nationwide CarInsuranceComparison.com annual study identify the worst drivers by state.

Business Insurance

Flight attendant’s injury on shuttle bus ruled work-related

Feb 23, 2018 A Pennsylvania appeals court ruled in favor of a US Airways flight attendant who claimed her slip...

Credit Suisse to fight on after setback in Lake Las Vegas resort case

Feb 23, 2018 (Reuters) — Credit Suisse Group on Friday said it would fight on after a...

D&O liability premium rates will continue to fall: Fitch

Feb 23, 2018 Directors & officers liability insurance premium rates will continue to decline...

Insurance Journal

PEMCO in Washington Names Simonson Learning and Development Manager

Feb 23, 2018 PEMCO Insurance in Washington has added Curt Simonson to the carrier’s people and brand team as the department’s learning and development manager....

Chubb Decided to Quit NRA Insurance Program 3 Months Ago

Feb 23, 2018 Giant insurer Chubb has joined a list of companies that are halting business deals with the National Rifle Association (NRA). However, the insurer confirmed to...

Rivers Still Rising in Midwest; Evacuations Continue

Feb 23, 2018 Shelters have been opened to assist people forced from their homes by flooding in the Midwest, as rivers swollen by heavy rain and melting snow continue to rise in Indiana,...

Records: Corps Failed to Release Harvey Flood Prediction to Public

Feb 23, 2018 The U.S. Army Corps of Engineers predicted ahead of Hurricane Harvey’s arrival that reservoirs in Houston would fill to record levels, flooding...

Claims Journal

Utilities Blame Climate Change to Avoid Fire Cost Liability

Feb 23, 2018 Across America, utility executives are getting grilled this earnings season about the consequences of tax reforms, slackening growth and possible mergers. In California,...

Driving Study: Male Teens Better Than Older Men, Sports Aid Skills

Feb 23, 2018 A UCLA study explored the relationship between new drivers’ skills and four factors. Instructors from a Los Angeles driving school rated students’...

Federal Food Safety Agency Recalls Chicken Salad Due to Salmonella Risk

Feb 23, 2018 The federal government issued a recall of chicken salad made by an Iowa processing company and distributed by Fareway Stores which has now sickened more...

House Panel Supports Georgia Distracted Driving Bill

Feb 23, 2018 With Georgia having experienced a spike in both fatal crashes and auto insurance premiums, legislators advanced a proposal to make it illegal to hold a cellphone while...