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News – Insurance Journal
AM Best Upgrades Credit Ratings of Fidelis Insurance Holdings and Its Subsidiaries
AM Best hasupgraded the credit ratings of Fidelis Insurance Holdings Ltd. and its subsidiaries. AM Best hasupgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of …
POSTED JUNE 05, 2020 9:30 AM |
Applied Underwriters to Acquire Blue Ridge of South Carolina
Blue Ridge Specialty Group of Greenfield, South Carolina, an MGU specializing in the placement of trucking related risks, has been acquired by Applied Underwriters according to Applied Chairman and CEO Steve Menzies. Blue Ridge, which works with agents and brokers, …
POSTED JUNE 05, 2020 6:11 AM |
Crawford & Company of Altanta Names Stevenson, SVP, General Counsel
Crawford & Company, a global independent provider of claims management and outsourcing services to carriers, brokers and corporates, is has promoted Tami Stevenson to senior vice president, global general counsel. Stevenson will report to Joseph Blanco, Crawford’s president. As general …
POSTED JUNE 05, 2020 6:02 AM |
Union: 44 COVID-19 Deaths Among Meatpacking Workers
At least 44 meatpacking workers in the U.S. have died from the new coronavirus and another 3,000 have tested positive, according to an estimate released on May 28 by the largest union representing workers. Meat processing plants have become hot …
POSTED JUNE 05, 2020 5:31 AM |
The Liberty Company Insurance Brokers in California Adds DePiero
The Liberty Company Insurance Brokers in Woodland Hills, Calif., has named Heather DePiero the associate director of business development. DePiero will be responsible for identifying and cultivating new risk advisor talent and agency partners, as well as leading the team …
POSTED JUNE 05, 2020 5:00 AM |
Diverging Views: Is COVID a One-Off Catastrophe or Not?
While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the situation differently, a financial analyst reported earlier this month. Speaking …
POSTED JUNE 05, 2020 5:00 AM |
Businesses Hurt First by Coronavirus Then by Looting Have New Insurance Questions
Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the coronavirus pandemic. But this past weekend delivered a …
POSTED JUNE 05, 2020 5:00 AM |
Report Calls for Regulators to Tackle ‘Systemic Risk’ from Climate Change
Climate change is a systemic risk with wide-ranging potential physical impacts, according to a new report that also serves as a call-to-action for U.S financial regulators to do more to deal with a changing climate. An eventual transition to a …
POSTED JUNE 04, 2020 8:31 PM |
Idaho Woman Sentenced for ‘Crash And Buy’ Insurance Fraud
Brittany N. Mars, an Ada County, Idaho, woman who fudged the time of accident in documents to her auto insurer, was sentenced this week for insurance fraud. Mars in February pleaded guilty to insurance fraud. Mars was involved in an …
POSTED JUNE 04, 2020 7:51 PM |
PAK Programs Expands Drone Risk Assessment Service to Breweries
PAK Programs, a specialty insurer of alcoholic beverage manufacturers and distributors, has expanded its Insurance Risk Assessment Drone (iRAD) program, previously only available for wineries, to serve the craft beer industry. iRAD will provide breweries with property inspections to support …
POSTED JUNE 04, 2020 4:58 PM |
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