A prosecutor says improperly billed brake work had nothing to do with the catastrophic brake failure on a stretch limousine that crashed and killed 20 people in rural upstate New York. District Attorney Susan Mallery said in a letter filed …
Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best said the Financial Strength Rating of …
A former western Pennsylvania church administrator has pleaded guilty to stealing $1.2 million that prosecutors say he and his wife used to pay for vacations, sports tickets and other personal expenses. Fifty-year-old David Reiter pleaded guilty Wednesday to receiving stolen …
IAT Insurance Group, a provider of specialty property and casualty products, is expanding its product offerings with the formation of a new Management Liability business unit. The company has hired John Passaro to lead the unit. Passaro brings to the …
A New Jersey woman who was permanently injured in a crash last year with a volunteer firefighter answering a fire call has settled a lawsuit for $4.6 million. NJ.com reports that 56-year-old Melinda Baker, of Manuta, received $4.5 million from …
The city of Baltimore is set to purchase $20 million in cyber insurance coverage, five months after an attack hobbled its computer network. The city’s Board of Estimates on Wednesday approved the purchase of two $10 million policies. The premiums …
Brokerslink announced a strategic agreement for Swiss Re Corporate Solutions to develop a dedicated international insurance program management platform for the organization’s broker network. The new business platform, designed by Swiss Re Corporate Solutions for Brokerslink’s growing international portfolio, will …
The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels, according to a new AM Best commentary. Net of reinsurance, …
Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union without a deal or under a so-called hard Brexit, British …
The Western District of the Missouri Court of Appeals recently issued opinions that effectively strip any practical effect from a Missouri amendment made to provide certain protections to insurers. In Aguilar v. GEICO Cas. Co., the court upheld a trial …
