In the year since the derailment of a Norfolk Southern Inc. train brought national attention to US railroad safety, little has changed. Trains are still rolling through East Palestine, Ohio, at 50 miles per hour — the same speed allowed …
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “aa” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Acuity, A Mutual Insurance Company (Acuity) based in Sheboygan, Wisconsin. The outlook …
Jensten, the London-based independent insurance broking group, announced it has acquired independent community broker Melville Burbage. The deal, which is subject to regulatory approval, brings a dedicated team of 15 to Jensten, along with two additional offices and will contribute …
Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as the first insurance of its kind offered anywhere in the world, …
(Bloomberg) — Ken Griffin wants to exert more influence in Florida politics. One of his top priorities: stopping new casinos in his backyard. The state’s second-richest person is opposing a bill that would allow new gambling venues in South Florida …
The Florida Supreme Court has resolved a conflict between differing appeals court decisions, deciding that property insurers can be compelled to submit to the appraisal process long before causation, coverage and misrepresentation issues are settled in claims disputes. “For the …
A federal judge has rejected a request by Virginia’s largest school system to toss out a lawsuit accusing it of indifference to a middle school student’s claims of sexual abuse and harassment. The Fairfax County School Board filed a motion …
The Southern California regions of Los Angeles and Orange County are again the top spots for catalytic converter theft claims. The regions topped the list for the eighth consecutive quarter in a new report of markets for the most frequent …
Shannon Ninio, 60, of North Hills was arraigned for insurance fraud after a California Department of Insurance investigation found she and her husband, Moshe Ninio, allegedly stole customers’ personal information and used that information to file more than 40 fraudulent …
The Pennsylvania Supreme Court has upheld a “regular use” exclusion in an auto insurance policy that prohibits underinsured motorist coverage for injuries involving a non-owned vehicle that an insured used regularly. In so doing, the state’s high court reversed a …
