Industry News

Best's Reviews

AM Best Places Credit Ratings of The Guarantee Company of North America and Subsidiary Under Review with Positive Implications

Aug 16, 2019 AM Best has placed under review with positive implications the Financial Strength...

AM Best Comments on Credit Ratings of Intact Financial Corporation Group Members Following Acquisition Announcement

Aug 16, 2019 AM Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer...

Father, Son Sent to Prison in $27 Million Hearing Aid Fraud Scheme

Aug 16, 2019 A father and son who were convicted of submitting more than $27 million in fraudulent hearing aid claims to Blue Cross and Blue Shield of Texas...

Syncora to Sell Financial Guarantee Unit for $392.5 Million

Aug 16, 2019 Syncora Holdings Ltd. said it agreed to sell Syncora Guarantee Inc., its New York financial guarantee insurance subsidiary, to Star Insurance Holdings LLC...

Insurance Journal

In Texas, Higginbotham and Exploration Insurance Group Merge

Aug 16, 2019 Fort Worth, Texas-based Higginbotham and Exploration Insurance Group (EIG) have merged their operations in Tyler, Texas. EIG opened in 2013 in Tyler to meet the...

California’s $27.6M Fine Against Mercury Insurance Remains After Court Action

Aug 16, 2019 California regulators say a ruling by the state’s highest court means a $27.6 million fine imposed against Mercury Insurance Co. for improperly...

AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada

Aug 16, 2019 AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford,...

Greek Firefighters Battle Multi-Day Blaze in Nature Reserve

Aug 16, 2019 Greek authorities sent reinforcements Thursday to firefighters battling a major forest fire in a nature reserve on the island of Evia as water-dropping aircraft...

Claims Journal

Sex Abuse Lawsuits at 400 and Counting as New York Law Takes Effect

Aug 16, 2019 ALBANY, N.Y. — The Roman Catholic Church, the Boy Scouts, schools and hospitals, the late financier Jeffrey Epstein are some of the targets named in a flurry of...

Government Moves Toward Easing Drive-Time Rules for Truckers

Aug 16, 2019 WASHINGTON — The Trump administration took a key step Wednesday toward relaxing federal rules that govern the length of time truck drivers can spend behind the...

FDA Proposes Graphic Warnings on Cigarette Packs, Advertisements

Aug 16, 2019 The U.S. Food and Drug Administration has proposed that cigarette packs carry graphic new health warnings including pictures and text outlining lesser-known risks of...

`Back-Loaded’ Hurricane Season Bearing Down on U.S. Coast

Aug 16, 2019 Don’t be lulled by a quiet June and July, the real Atlantic hurricane season is about to kick off. The hurricane season runs from June 1 to the end of November. But...