Industry News

Insurance Journal

Volkswagen Reaches $54 Million ‘Dieselgate’ Settlement With Italian Owners

May 17, 2024 Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal...

Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report

May 17, 2024 More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in...

Firefighters Gain Control of One Blaze Threatening Oil Sands in Alberta

May 17, 2024 Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the...

People Moves: Marsh McLennan Agency Appoints Rappa Fine Arts and Specie Leader

May 17, 2024 Marsh McLennan Agency, headquartered in New York, appointed Anne Rappa to the newly created position of fine arts and specie leader effective May 20...

Claims Journal

Potential Claims Impacts Resulting from the Francis Scott Key Bridge Collapse

May 17, 2024 How to handle complex ports and terminals business interruption insurance claims, marine and cargo damages, and marine stock claims are topics that have...

Handdii Holdings Inc. Secures Strategic Investment by Johns Lyng Group

May 17, 2024 Handdii Holdings Inc. announced a strategic investment by Johns Lyng Group. A spokesman said the deal is a “significant investment” that does not...

SCA Claim Services Names Alwag Quality Assurance Director

May 17, 2024 SCA Claim Services named Max Alwag as its quality assurance director. Alwag will lead a quality assurance team of licensed adjusters tasked with the review of claims. The...

64% Jump in Ransomware Claims on Remote Access Tools, Report Shows

May 16, 2024 A 64% jump in ransomware claims in 2023 is driven by an explosion in “indirect” ransomware incidents, up over 415% in 2023, with remote access tools...

Best's Reviews

Helvetia Shakes Up Corporate Structure in Bid to Reflect Growth as Global Carrier

May 16, 2024 Helvetia Holding AG will shift its corporate structure as of July 1 to strengthen its "international orientation," including...

TDI Should Evaluate Insurance Regulations After Texas Wildfires, Committee Says

May 16, 2024 The Texas Department of Insurance must evaluate its regulations around insurance in the wake of the largest recorded wildfire in Texas...

AM Best Comments on Credit Ratings of Members of Corebridge Financial Following Announced Agreement

May 16, 2024 AM Best has commented that the Credit Ratings (ratings) of the members of Corebridge Financial (Corebridge) remain...

AM Best Assigns Issue Credit Rating to Reinsurance Group of America, Incorporated’s New Senior Unsecured Notes

May 16, 2024 AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $650...