Industry News

Insurance Journal

Canopius Signs Agreement to Purchase AmTrust at Lloyd’s

Apr 18, 2019 Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to...

Everest Insurance Ireland Opens UK Branch

Apr 18, 2019 Everest Insurance Ireland, dac (EIID), a part of the Everest Insurance international platform, has opened a branch office in the United Kingdom. EIID was established in 2017 and...

Best Downgrades Credit Ratings of Alabama-Based Alfa Insurance Group Members

Apr 18, 2019 AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a+” and affirmed the Financial...

Increase in Accidents on Scenic Tennessee Road Prompts Officials to Take Action

Apr 18, 2019 Officials with scenic Natchez Trace Parkway are reminding motorists that the roadway is designed for leisurely drives and not interstate-style...

Claims Journal

Cosby’s Insurer Settles Accuser’s Lawsuit Before Deposition

Apr 18, 2019 PHILADELPHIA — Bill Cosby’s insurance company has settled another lawsuit filed by a female accuser a week before the imprisoned comedian was set to give a...

Bill Would Hike Smoking, Vaping Age from 18 to 21 in Florida

Apr 18, 2019 TALLAHASSEE, Fla. — The minimum age for Floridians to possess tobacco and vaping products that deliver nicotine would rise from 18 to 21 under legislation a...

Mainstream Retailers Embrace Marijuana’s Less Taboo Cousin

Apr 18, 2019 NEW YORK — It’s showing up in everything from skin creams to bath balms to dog treats _ an elixir that can supposedly reduce anxiety and help you sleep. The...

Researchers Say Climate Change to Blame for Hurricane Maria’s Extreme Rainfall

Apr 17, 2019 WASHINGTON — Hurricane Maria dropped more rain on Puerto Rico than any storm to hit the island since 1956, a feat due mostly to the...

Best's Reviews

Louisiana Ponders Bill to Ease Costs on Auto Premiums

Apr 17, 2019 A Louisiana state representative is proposing a bill designed to ease costs on the state’s automobile insurers, with the intention of reducing the state’s...

Shareholder Adviser Spotlights Director Tenure Ahead of Scor’s Annual Meeting

Apr 17, 2019 Scor S.E. shareholders may more closely examine director tenure when the French reinsurer hosts its annual meeting on April 26, said a...

UK Regulator Offers Guidance for Post-Brexit Markets

Apr 17, 2019 In an effort to prepare financial markets for the looming — if uncertain — United Kingdom exit from the European Union, the U.K. Financial Conduct Authority...

AM Best Places Credit Ratings of Nationale Borg Reinsurance N.V. Under Review With Positive Implications

Apr 17, 2019 AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent)...