AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and the long-term issuer credit rating to “bbb+” (Good) from “a-” (Excellent), while placing JRG Re’s credit ratings under review with …
Even before Virginia lawmakers passed a tough new law against organized retail crime earlier this year, Bradley Haywood, a public defender in Arlington, Virginia, challenged the rationale. The idea that retailers in the state had lost billions to organized theft …
Nevada drivers can now add a symbol that identifies certain medical conditions on their driver licenses, in an effort to improve safety on the roads, the Nevada Department of Motor Vehicles announced this month. The “Star of Life” symbol has …
After lithium-ion batteries burned in a large cargo ship`s hold for a number of days, the U.S. Coast Guard said the fire was out and directed the ship to anchor near Dutch Harbor, Alaska. The 19 crew members of the …
CHARLESTON, W.Va. (AP) — A federal bankruptcy court in West Virginia has set a hearing for next month on the potential sale of a defunct private university`s campus. A court-appointed trustee filed a motion Wednesday to sell the former Alderson …
Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of I-Engineering in June 2023. These two experienced companies with proven track records are now …
U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. In a letter filed on Friday night in federal court …
All 379 people aboard a Japan Airlines (JAL) plane escaped the burning airliner after a collision with a Coast Guard aircraft at Tokyo’s Haneda airport that killed five of six crew on the smaller craft on Tuesday. Live footage on …
Climate change is making it harder to accurately predict extreme weather events, said Australia’s agriculture minister Murray Watt, amid criticism the country’s meteorology department failed to provide timely warnings of this week’s deadly storms. “Climate change is having an impact,” …
About 10% of property/casualty insurance losses can be traced to fraud, according to the industry’s Coalition Against Insurance Fraud. Insurance Journal publishes an average of 22 fraud stories a month. Insurance Journal reporting in 2023 showed that prosecutors in the …
