December 29, 2020
Monterey, Calif.-based Capital Insurance Group has been upgraded by AM Best. CIG received a rating of A (Excellent) from A- (Excellent). AM Best stated: “Concurrently, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term …
December 29, 2020
MADRID – Cross-border workers who commute between Gibraltar and Spain will be exempt from border controls after Brexit even if no agreement on free movement is reached with Britain, Spanish Foreign Minister Arancha Gonzalez Laya said on Monday. Madrid and …
December 29, 2020
A magnitude 3.9 earthquake rattled parts of Northern California on Sunday morning, the U.S. Geological Survey confirmed. The earthquake was reported at 6:44 a.m. about 14 miles from Chico. The quake was felt 25 miles away in Paradise, a town …
December 29, 2020
Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 and currently serves as chairman and CEO of Arch Worldwide …
December 29, 2020
MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to …
December 29, 2020
COVID-19 and mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance Journal. Other notable topics included business moves — from startups and existing companies — and natural and manmade catastrophes. We …
December 29, 2020
Commercial drone use for deliveries and services cleared a major hurdle in the U.S. with new rules allowing the devices to fly over populated areas for the first time and requirements for tracking them to address safety and security concerns. …
December 29, 2020
The Girl Scouts are in a “highly damaging” recruitment war with the Boy Scouts after the latter opened its core services to girls, leading to marketplace confusion and some girls unwittingly joining the Boy Scouts, lawyers for the century-old Girl …
December 29, 2020
A state-run veterans’ home in Pennsylvania heavily criticized for its handling of a coronavirus outbreak inside its walls drew a federal wrongful death lawsuit, filed by family members of five residents who died of COVID-19. The family members accuse Southeastern …
December 29, 2020
A former New York State Department of Corrections and Community Supervision (DOCCS) officer has pled guilty to forging paperwork falsely claiming military service so that he could take time off. Kyle Bouille, of Corning, N.Y., took time off by falsely …