AM Best has upgraded the credit ratings of Fidelis Insurance Holdings Ltd. and its subsidiaries. AM Best upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” …
Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve Menzies. Blue Ridge, which works with agents and brokers, will …
Crawford & Company, a global independent provider of claims management and outsourcing services to carriers, brokers and corporates, is has promoted Tami Stevenson to senior vice president, global general counsel. Stevenson will report to Joseph Blanco, Crawford’s president. As general …
At least 44 meatpacking workers in the U.S. have died from the new coronavirus and another 3,000 have tested positive, according to an estimate released on May 28 by the largest union representing workers. Meat processing plants have become hot …
The Liberty Company Insurance Brokers in Woodland Hills, Calif., has named Heather DePiero the associate director of business development. DePiero will be responsible for identifying and cultivating new risk advisor talent and agency partners, as well as leading the team …
While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the situation differently, a financial analyst reported earlier this month. Speaking …
Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the coronavirus pandemic. But this past weekend delivered a …
Climate change is a systemic risk with wide-ranging potential physical impacts, according to a new report that also serves as a call-to-action for U.S financial regulators to do more to deal with a changing climate. An eventual transition to a …
Brittany N. Mars, an Ada County, Idaho, woman who fudged the time of accident in documents to her auto insurer, was sentenced this week for insurance fraud. Mars in February pleaded guilty to insurance fraud. Mars was involved in an …
PAK Programs, a specialty insurer of alcoholic beverage manufacturers and distributors, has expanded its Insurance Risk Assessment Drone (iRAD) program, previously only available for wineries, to serve the craft beer industry. iRAD will provide breweries with property inspections to support …
