Florida juries in the last month have returned two hefty verdicts in favor of plaintiffs, one for a slip and fall at a Walmart and one for the death of a stroke patient at a hospital. In Apopka, near Orlando, …
Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably at a slower clip, the chief executive of AIG Europe said at the Reuters Future of Insurance Europe conference on …
RT Specialty Names Neary to Environmental and Construction Professional Practice RT Specialty named Rachael Neary as an account administrator in its environmental and construction professional practice (RT ECP). In this role, she will work with senior management to further the …
American International Group’s General Insurance, or property/casualty business, saw double-digit premium growth and substantially higher net income in Q3 along with lower catastrophe losses. AIG produced $1.7 billion in net income during the quarter, which compares with $281 million in …
The Kentucky Department of Insurance has approved another workers’ compensation loss cost decrease for employers in the state. The DOI announced this week that officials have ratified a 10.4% average reduction, effective Oct. 1. It’s the 16th straight year for …
New Yorkers have approved a ballot measure adding the right to a clean environment to the state constitution. The measure was one of five statewide ballot questions before New York voters Tuesday. Supporters say enshrining a constitutional right to clean …
AM Best has revised the outlooks to stable from negative and affirmed the financial strength rating of A+ (superior) and the long-term issuer credit ratings of “aa-” (superior) for the members of Quincy Mutual Group. The group includes the lead …
Boeing Co. investors have reached an agreement with current and former company officers to settle a lawsuit over the safety oversight of the 737 MAX, two people familiar with the matter said on Thursday. The proposed settlement agreement is expected …
Lockton Re Hires Moore, Boon for Non-Marine Retrocession, Property Specialty Lockton Re, the global reinsurance business of the largest privately held independent insurance broker, announced that Simon Moore and James Boon have joined the Non-Marine Retrocession and Property Specialty division …
A University of Florida basketball player who collapsed during a game last December is deciding whether to try and get medically cleared to play professionally or cash in a $5 million insurance policy. Two people with knowledge of Keyontae Johnson’s …
