Industry News

Claims Journal

Traffic Returning to Roadways, But Claims Patterns May Shift Permanently

Apr 17, 2021 The number of cars on US roadways is returning to normal as states ease COVID-19 restrictions, but that doesn’t necessarily mean claims frequency and...

BlackRock, Citi in $100 Million Fight Over Texas Storm Aftermath

Apr 16, 2021 A Texas wind farm owned by BlackRock Inc. is locked in a $100 million court battle with Citigroup Inc. over losses caused by the devastating winter storms in Texas....

South Texas Officials Worry About Breaches in Border Levees

Apr 16, 2021 PALMVIEW, Texas (AP) — South Texas officials say they are worried about flooding during the hurricane season starting June 1 from breaches in a levee system...

Divers Aim To Reach Capsized Vessel in Search For Survivors

Apr 16, 2021 PORT FOURCHON, La. (AP) — With 12 people still missing from a capsized oil industry vessel, Coast Guard divers waited for a break in stormy weather Thursday...

Best's Reviews

Hartford Reaches $650 Million Settlement Over Boy Scout Claims

Apr 16, 2021 Hartford Financial Services has entered into a $650 million agreement with the Boy Scouts of America to help settle sexual abuse claims associated with...

AM Best Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Subsidiaries

Apr 16, 2021 AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer...

Atlas Financial Narrows Net Loss in 2020

Apr 16, 2021 Atlas Financial Holdings narrowed its 2020 net loss to $12.7 million from $20.4 million a year earlier as it transitioned to a managing general underwriter, according to a...

Kentucky Governor Lets COVID-19 Shield Bill Pass Into Law

Apr 16, 2021 Kentucky has become the latest state to write into law a COVID-19 liability shield that protects businesses from lawsuits by individuals claiming they got...

Insurance Journal

California Siblings Arraigned in $1.4M Workers’ Comp Scheme

Apr 16, 2021 California farm labor company owners and siblings Elias Perez, 40, of Greenfield, and Alejandra Perez, 37, of Soledad, were arraigned on over 20 felony counts of insurance...

Tennessee Insurance Dept. Receives NAIC Accreditation

Apr 16, 2021 The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC). The NAIC is the U.S....

Mississippi Seeks Federal Disaster Aid After Winter Storms

Apr 16, 2021 Mississippi is asking President Joe Biden to approve a major disaster declaration to help local governments and nonprofit groups recover costs from responding to...

Texas Energy Companies Against Berkshire Hathaway’s $8B Backup Power Plan

Apr 16, 2021 An $8.3 billion idea by Warren Buffett’s Berkshire Hathaway Energy to build 10 new natural gas power plants across the state for emergency use...