MILAN – Italian insurer Generali has nudged up its bid for Aviva’s Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two sources familiar with the matter …
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Upland Specialty Insurance Co. (Upland Specialty) in Dallas. The outlook assigned to these ratings is stable. Upland Specialty is a …
LONDON – When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. A trade body representing brokers took a swipe at tradition on …
An entertainment and dining establishment in Avon, Ohio, will pay $40,000 and furnish equitable relief to settle a federal disability discrimination and retaliation charge. The U.S. Equal Employment Opportunity Commission (EEOC) said its investigation found reasonable cause to believe that …
Insurance Journal is seeking young independent insurance agents – those 40 and under – to share their thoughts on the insurance industry, their job and their future as a young professional in the annual Young Agents Survey. The results will …
North Dakota’s House has rebuffed another attempt at changing the state’s seat belt law. The House voted 49-45 to kill the proposal to allow police to pull over drivers if they see them not wearing seat belts. The fine would …
A battle is brewing between trucking and insurance industry interests and trial lawyers in Texas over a pair of companion bills introduced in the Texas House and Senate that proponents say are aimed at providing consistency and uniformity in civil …
A settlement that is pending approval from a federal judge would require the former owner of a shuttered chemical plant in Maine to spend more than $180 million to clean up mercury contamination. The settlement concerns the site of the …
The National Weather Service has turbocharged its lagging forecast model to better predict extreme weather events such as hurricanes, blizzards and downpours, as well as day-to-day weather. By including much higher layers of the atmosphere, increased factoring of ocean waves …
The New York State Department of Financial Services (DFS) has issued proposed guidance for regulated insurers on managing the financial risks of climate change. The proposed guidance comes after a circular letter was issued by DFS on September 22, 2020. …
