A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Thousand Oaks, Calif.-based Pacific Compensation Insurance Co. The outlook …
The city of West, Texas, and several other plaintiffs have reached settlements and partial settlements of claims stemming from a deadly explosion in the central Texas town. An April 13, 2013, blaze heated up 30 tons of ammonium nitrate at …
Houston International Insurance Group (HIIG) announced it has promoted five senior management executives. Kirby A. Hill was promoted to executive vice president of HIIG Property/Casualty operations. Hill, who has been with the company for nearly 10 years and in the …
Two motorcycle manufacturers and their trainers are accused of negligence in a lawsuit over the death of a central Ohio police officer. Sean Johnson lost control of his motorcycle during an on-duty training ride with fellow officers from Hilliard and …
Brit Global Specialty USA has appointed Rich Hartman as senior vice president, Construction Professional. Hartman brings 35 years of experience in the insurance industry. Most recently he spent more than six years at Arch Insurance Group, where he led the …
A slow-moving landslide in central Washington state has forced evacuations as officials prepare for what they say is inevitable – the collapse of a ridge near an interstate highway. Washington is wary of landslides following one in 2014 that killed …
Two utilities were sued Tuesday for the widespread destruction from last week’s deadly mudslides that were caused when hillsides ravaged by California’s largest wildfire let loose in heavy rain. An amended negligence lawsuit filed in Santa Barbara County Superior Court …
Canadian financial technology company Ratehub Inc. has raised a $12 million Series A investment led by Elephant, a venture capital firm. Participating in the funding round was Simon Nixon, co-founder of UK-based financial comparison site MoneySuperMarket. Launched in 2010, Ratehub …
Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company’s chief executive officer, effective May 1, 2018. DeCarlo, who has served as CEO of AmWINS since joining in December 2000, will …
You may have figured out that I like to watch the insurance news. I mean, I work for the company that produces my favorite insurance news (Insurance Journal) and I don’t say that just because I work here. I was …
