Industry News

Insurance Journal

Liberty Mutual Forms $1B Risk-Sharing Deal with OPIC, Expanding Public Sector Portfolio

Dec 10, 2018 Liberty Mutual Insurance has formed a $1 billion risk-sharing agreement with the Overseas Private Investment Corp. (OPIC), the U.S....

Peak Re Launches Asian Reinsurance Sidecar Deal Using Bermuda Special Purpose Insurer

Dec 10, 2018 Peak Reinsurance Co., the Hong Kong-based reinsurer, announced it has launched Asia’s first sidecar transaction via a new...

UK Can Reverse Brexit Process, Rules Top EU Court

Dec 10, 2018 The U.K. can unilaterally reverse the Brexit process, the European Union’s top court said in a landmark ruling that will fuel the campaign to thwart the divorce on...

Georgia Claims Uber Owes State $22M in Sales Taxes, Other Charges

Dec 10, 2018 Uber could owe tens of millions of dollars to Georgia if the state is successful in a legal battle. The Georgia Department of Revenue has billed Uber $22.1...

Claims Journal

The Case of the Apple Tree Boy

Dec 10, 2018 M.I. Hummel figurines, or “Hummels,” have been an incredibly popular collectible since their introduction by the porcelain maker Franz Goebel in 1935. It may be surprising to know that...

WCRI: Texas Workers’ Comp Medical Costs Per Claim Down Since 2014

Dec 10, 2018 Medical payments per workers’ compensation claim in Texas decreased from 2014 to 2016 for claims with more than seven days of lost time, evaluated as of...

Study Finds Driver Cell Phone Bans Are Saving Motorcyclists’ Lives

Dec 10, 2018 Laws to ban or curb drivers’ use of cell phones and other handheld devices have greatly reduced the rate of fatalities for motorcyclists, according to a...

Ex-Minnesota Grain Elevator Manager Charged With Mail Fraud, Stole $5M

Dec 07, 2018 The former manager of a western Minnesota grain elevator who disappeared after allegedly stealing nearly $5 million is charged in federal court with mail...

Best's Reviews

Swiss Re Names Life and Health Products Head

Dec 07, 2018 Paul Murray was named head of life and health products for Swiss Re. The appointment begins immediately, said Swiss Re in a statement. Murray succeeds Russell...

Liberty Rebrands and Appoints President of Ironshore Bermuda Businesses

Dec 07, 2018 Liberty Specialty Markets, part of Liberty Mutual Insurance Group, said it will integrate its Ironshore Bermuda businesses and brands into a...

Enstar Closes on $200 Million Investment in AmTrust

Dec 07, 2018 Enstar Group Ltd. said it completed a transaction to invest an aggregate of $200 million in an entity formed to take AmTrust Financial Services Inc. private....

AM Best Upgrades Issuer Credit Rating of KnightBrook Insurance Company; Affirms Credit Ratings of Subsidiaries

Dec 07, 2018 AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and...