Industry News

Insurance Journal

AM Best Removes from Under Review, Downgrades Ratings for American Sentinel

Feb 21, 2019 AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the...

Family of Massachusetts Woman Killed by Manhole Cover Files Lawsuit

Feb 21, 2019 The family of a Massachusetts woman killed on her way to work when a 200-pound manhole cover flew up and crashed through her vehicle’s windshield has sued...

Vermont Gets More Than $2M in Amtrak Rail Safety Grants

Feb 21, 2019 The Vermont Agency of Transportation is getting more than $2 million for safety upgrades along the route of the Amtrak Vermonter, addressing conditions that resulted in a...

Insurtech Trov Now Selling in 7 Additional States and D.C.

Feb 21, 2019 Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded...

Best's Reviews

Philadelphia Insurance Names SVP

Feb 20, 2019 Philadelphia Insurance Cos. said it is naming George Schalick senior vice president of underwriting. Schalick, who had been division vice president, will continue to oversee the...

Aviva Gains Court Approval to Transfer Life Assets to Ireland Ahead of Brexit

Feb 20, 2019 Aviva plc said it has gotten court approval to transfer about €9 billion (US$10.23 billion) of life insurance assets to its subsidiary...

California Regulators Say Insurance Services Companies Failed to Pay $24 Million in Provider Claims

Feb 20, 2019 The California Department of Insurance has issued a cease-and-desist order to two insurance services companies,...

United Fire CEO: Company Posts Net Loss Despite Rate, Underwriting Actions

Feb 20, 2019 Severity of losses in commercial automobile and general liability lines increased in the fourth quarter at United Fire Group Inc. as the...

Claims Journal

50 Restaurants, Hotels Across Arizona Hit with Data Breach

Feb 20, 2019 A data breach may have compromised the personal information of customers who patronized any of 50 Arizona businesses last month. North Country Business Products says an...

Supreme Court Declines to Hear Bill Cosby Accuser’s Defamation Claim

Feb 20, 2019 The Supreme Court is declining to revive a defamation lawsuit against Bill Cosby that was filed by a woman who says he raped her and later spread lies about...

Oakland’s Catholic Diocese Names 45 ‘Credibly Accused’ of Sexual Abuse

Feb 20, 2019 The Catholic Diocese of Oakland, California, has released the names of 45 priests, deacons and religious brothers who officials say are “credibly accused...

Town Remembers 10 Girls Killed in Factory Explosion 130 Years Ago

Feb 20, 2019 Margaret Bau was shivering as she remembered stories about her great-grandmother Gwendolyn Lake, the mother of one of 10 girls and young women who died horrible...