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Home Depot: Insurers Owe Tens of Millions in Settlement Costs

Apr 16, 2021 Home Depot Inc. and Home Depot USA Inc. have filed suit against its commercial general liability insurers in Ohio federal court, alleging they failed to...

Suncorp Gets Class-Action Notice From Australian Court

Apr 16, 2021 Suncorp Group Ltd. said it received a representative proceeding filed in the Supreme Court of Victoria against its subsidiary AAI Ltd. for the sale of add-on...

AM Best Upgrades Issuer Credit Ratings of Members of Builders Mutual Insurance Group

Apr 16, 2021 AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength...

Best’s Special Report: U.S. Property/Casualty Insurers Perform Well in 2020 Despite Pandemic, Higher Catastrophe Losses

Apr 16, 2021 Publicly traded U.S. property/casualty (P/C) insurers performed unexpectedly well in 2020...

Insurance Journal

NICB Supporting Texas Bill Aimed at Curbing Catalytic Converter Thefts

Apr 16, 2021 The National Insurance Crime Bureau (NICB), is urging Texas legislators to take steps to address the significant increase in catalytic converter thefts...

Deaths in Vehicle Crashes Up 38% in South Dakota in 2020

Apr 16, 2021 The number of traffic crash fatalities in South Dakota rose to 141 last year — an increase of 38% over the previous year. The South Dakota Department of Public Safety said...

South Texas Officials Worried About Flooding Due to Boarder Levee Breaches

Apr 16, 2021 South Texas officials say they are worried about flooding during the hurricane season starting June 1 from breaches in a levee system that remain...

Abry Partners Acquires Michigan’s High Street Insurance Partners

Apr 16, 2021 Abry Partners (Abry), a Boston-based private equity firm, has acquired High Street Insurance Partners (HSIP), a full-service insurance brokerage, located in...

Claims Journal

Epic Drought Means Water Crisis on Oregon-California Border

Apr 16, 2021 PORTLAND, Ore. (AP) — Hundreds of farmers who rely on a massive irrigation project that spans the Oregon-California border learned Wednesday they will get a tiny...

21 Killed, 3 Injured When Bus, Truck Crash in Southern Egypt

Apr 16, 2021 CAIRO (AP) — A bus overturned while trying to pass a truck on a highway in southern Egypt on Tuesday, causing a collision that killed at least 21 people and...

Ohio Supreme and 8th Circuit Mull Whether COVID Can Cause Direct Physical Loss

Apr 16, 2021 Two appellate courts took steps this week toward answering a key question that may seal the fate of some 1,500 lawsuits seeking insurance coverage for...

Viewpoint: The Cold, Hard Truth About Florida Litigation

Apr 16, 2021 Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners...