Industry News

Best's Reviews

AM Best Affirms Credit Ratings of UnipolSai Assicurazioni S.p.A.

Jul 10, 2020 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of UnipolSai Assicurazioni S.p.A...

Brazilian Reinsurer IRB to Raise $430 Million Through Common Stock Offering

Jul 10, 2020 IRB-Brasil Resseguros S.A. said its board of directors approved a capital raising of between 2.1 billion Brazilian real and 2.3 billion...

AM Best to Host Webinar on How Market Dislocation Creates Opportunities for Captives

Jul 10, 2020 AM Best will host a complimentary webinar on Wednesday, July 29, 2020, at 1 p.m. (EDT). A panel of AM Best analysts and industry...

BestWeek: Top US Workers’ Comp Writers Make Moves in 2019, COVID-19 Clouds 2020

Jul 10, 2020 Two workers’ compensation writers had the biggest gains in direct premiums written in 2019, each having climbed two places, according...

Insurance Journal

May 2019 Tornadoes in Missouri Caused Nearly $190M in Insured Losses

Jul 10, 2020 The May 2019 tornadoes that ravaged several parts of Missouri caused significant damage to both residential and commercial properties, and resulted in close to...

Louisiana Governor Signs Law Protecting Schools from Most Virus Lawsuits

Jul 10, 2020 Louisiana’s K-12 schools and colleges will be shielded from most civil lawsuits if a student or teacher contracts the COVID-19 disease caused by...

2 Workers Hurt in Boiler Room Fire at Tyson Chicken Plant in Arkansas

Jul 10, 2020 A boiler room outside of a southwest Arkansas chicken processing plant caught fire and exploded early on July 9, injuring two employees, an official said...

1 Dead After Tornado Hits Western Minnesota, Authorities Say

Jul 10, 2020 At least one powerful tornado damaged farms, left one person dead and two others injured in western Minnesota as severe storms moved across parts of the Midwest,...

Claims Journal

Tropical Storm Fay Gains Strength on Its Way to New York

Jul 10, 2020 Quick-moving Tropical Storm Fay strengthened as it moved toward southern New Jersey, where it was expected to make landfall Friday afternoon before sweeping north to New...

China Floods Blamed for Fresh African Swine Fever Outbreaks

Jul 10, 2020 BEIJING — Outbreaks of deadly African swine fever are surging in some parts of southern China following heavy rains, analysts and industry sources said, in...

Pandemic-Proofing: Insurance May Never Be the Same Again

Jul 10, 2020 Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis....

Lonza Expects Approval ‘Very Soon’ to Make Covid-Killing Claims for Disinfectant

Jul 10, 2020 Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in...