AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Manufacturing Technology Mutual Insurance Company based in Novi, Michigan. The outlook assigned to these Credit Ratings (ratings) is stable. …
RIMS announced Gary LaBranche will take over as the society’s new CEO on June 1 following the retirement of Mary Roth, who served for 37 years at RIMS. Since March 2017, LaBranche has served as president and CEO of Virginia-based …
A “fair number” of the largest U.S-listed companies should be caught by a proposed requirement to disclose third-parties’ greenhouse gas emissions, the chair of the U.S. securities regulator told Reuters Events Responsible Business forum in an interview. The Securities and …
Risk Strategies Adds to Private Client Services Team Boston-based specialty insurance brokerage Risk Strategies announced two hires in its Private Client Services practice. Tim deRosa has joined as chief operating officer, Private Client Services, and Eric Massi as senior vice …
Berkshire Hathaway’s $11.6 billion acquisition agreement with Alleghany Corp. is clear to move ahead following the end of the “go-shop” period that allowed Alleghany to attract other bidders. The New York-based property and casualty insurer said April 18 that it …
Environmental cleanup is underway following a fire at a gas station in Medford, Oregon. The Oregon Department of Environmental Quality said that over 12,000 gallons of various petroleum products, mostly lube oil, were released into nearby Bear Creek and surrounding …
Recreational marijuana sales in New Jersey for those 21 and older will begin April 21, Gov. Phil Murphy said. “This is a historic step in our work to create a new cannabis industry,” said Murphy, who made the announcement via …
A Northern California judge ruled that five Oakland police officers who fatally shot a homeless man in 2018 were unjustly fired and should have kept their jobs. Alameda County Superior Court Judge Frank Roesch said in his ruling issued last …
The Nevada Supreme Court has upheld a jury’s findings that illusionist David Copperfield and the MGM Grand hotel-casino were not financially responsible for a British tourist’s injuries during a signature vanishing act at a Las Vegas Strip show in 2013. …
Today Insurance Journal has announced the launch of a new portal highlighting charitable stories in the insurance industry. What was once a single magazine issue dedicated to showcasing insurance industry generosity is now a regular destination on the highest trafficked …
