Industry News

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ICA: Australian Writers Incur 11,500 Claims in Fall Storms After $1.06 Billion of Summer Losses

Apr 11, 2024 Australian property/casualty insurers have taken in more than 11,500 claims from severe storms that unleashed...

State Farm Homeowners Nonrenewals Hit Los Angeles Counties

Apr 11, 2024 State Farm is nonrenewing more than 61% of policies in three adjacent California ZIP codes in Los Angeles County. Affected homeowners live west of the...

AM Best Downgrades Credit Ratings of Brotherhood Mutual Insurance Company

Apr 11, 2024 AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-...

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Southern Trust Insurance Company

Apr 11, 2024 AM Best has removed from under review with developing implications and affirmed the...

Insurance Journal

People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Team

Apr 11, 2024 Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political...

People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits

Apr 11, 2024 Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Miller, who joined Lloyd’s in 2022 and...

Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy

Apr 11, 2024 AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability...

Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud

Apr 11, 2024 Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in Los...

Claims Journal

Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses

Apr 11, 2024 Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and...

US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting

Apr 11, 2024 It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming...

Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud

Apr 11, 2024 Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in...

Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries

Apr 11, 2024 Executive Summary: While the advancement of technology in electric vehicles and other lithium-ion powered goods facilitates energy transition from fossil...