New applications for temporary insurance producer licenses in Tennessee have been discontinued by the Tennessee Department of Commerce & Insurance (TDCI) as physical testing locations begin to reopen throughout the state. As of May 1, Pearson Vue had reopened its …
Plans to demolish the Hard Rock Hotel in New Orleans, which partially collapsed in October, have been given the go-ahead after months of disagreements between the developer and the city. The hotel developer, 1031 Canal Street Development, received a permit …
The Roman Catholic Archdiocese of New Orleans announced on May 1 that it is seeking federal Chapter 11 bankruptcy protection amid growing legal costs related to sexual abuse by priests. The filing for reorganization could free the archdiocese from the …
Texas-based ice cream manufacturer Blue Bell Creameries has agreed to pay $19.35 million and plead guilty to charges that it shipped contaminated products linked to a 2015 listeriosis outbreak, the U.S. Justice Department said on April 1. Prosecutors also filed …
The Supreme Court of Pennsylvania held that an insurer has a duty to defend its insured’s estate in a personal injury lawsuit brought by a man who was shot by the policyholder. This comes after Richard A. Carly came to …
AM Best has placed under review with negative implications the Financial Strength Rating of “A-” (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Bermuda-based Watford Re Ltd. Included in the review are Watford subsidiaries Gibraltar-based Watford …
Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million recorded for first-quarter 2019. Property/casualty and life insurance and reinsurance businesses combined recorded …
Fault lines along the Wasatch Front in north-central Utah are much bigger than initially thought, a study said. The Utah Department of Natural Resources released new maps accompanied with a four-year study showing there is a significant risk in densely …
PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility’s neglected electrical grid. …
American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s. Syndicate 2019 will exclusively reinsure risks from AIG’s Private Client Group (PCG), which operates in the high net worth segment. Significant capital support …
