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AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) for the members of Texas …...
Read Full ArticleSpaceX plans to construct, own and operate a gas-fired power plant and super-compute facility at its company town in Starbase, Texas, according to a notice of a public hearing on the city’s website. The estimated investment for the initial phase …...
Read moreAM Best is maintaining its stable outlook for the delegated underwriting authority enterprise (DUAE) segment, citing continued premium growth, strong demand for specialty expertise and technology, and a growing emphasis on underwriting discipline and governance. The segment recorded its fifth …...
Read moreProperty insurance claims from Hurricane Isaias have so far reached 68,000, totaling $736 million in losses, putting the Oct. 9 storm in line with Hurricane Sally, a minor storm that hit the same Panhandle area in 2020. The Florida Office …...
Read moreA billionaire tax that U.S. Senator Bernie Sanders and other progressives championed as an antidote to economic inequality and a potential model for the rest of the country was defeated in California, U.S. media projected. Proponents had estimated Prop 40 …...
Read morePennsylvania announced a $7.8 million settlement with Walmart for violations of the state’s Child Labor Act in what the Shapiro Administration said is the largest child labor enforcement action in Pennsylvania history. Investigations were triggered by reports of workers’ compensation ...
Read moreYear over year, average U.S. commercial premium renewals for all major commercial lines of business are up except for workers’ compensation, according to the Ivans Index. Chicago-based Ivans recently released its latest index results, with commercial auto, business owners policy, …...
Read moreThe National Highway Traffic Safety Administration on Monday said it opened a preliminary evaluation into more than 1.2 million Ford vehicles over the accidental deployment of seat-mounted side airbags that caused serious burn injuries. NHTSA said it has received eight …...
Read moreHoneycomb Insurance announced the expansion of its Lessor’s Risk Only (LRO) coverage into Texas, Pennsylvania, and New Jersey, continuing its growth across key U.S. markets. The expansion comes just months after Honeycomb’s initial introduction of its LRO offering, bringing the …...
Read moreDays after voters ousted all three Republican justices on the 15th Court of Appeals in Tuesday’s election, the court canceled oral arguments for four cases, telling lawyers the case will be reset “at a later date.” The change will leave …...
Read moreSouth Carolina authorities have charged multiple people with insurance fraud, including two who allegedly staged an auto accident and filed a $223,000 claim with Enterprise Rent-A-Car. Courtney Harris, 34, of Midlands, was arrested Thursday, Nov. 5, after investigators found that …...
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