Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh August 1, 2022 Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing...
Fidelis’ Credit Ratings Under Review After Announcing Plan to Create MGU: AM Best August 1, 2022 AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer...
Liberty Mutual Insurance Acquires Malaysian Insurer AmGeneral August 1, 2022 Liberty Mutual Insurance has completed the acquisition of Malaysian insurer AmGeneral Insurance Berhad, which is expected to make Liberty Mutual...
Florida People Moves: DeSantis Reappoints Knight to Citizens Board August 1, 2022 Florida Gov. Ron DeSantis has reappointed venture capitalist Erin Knight to the Citizens Property Insurance Corp. board of governors, the...
Blue Cross Sues Mississippi Med Center Officials for Defamation August 1, 2022 Blue Cross & Blue Shield of Mississippi on Thursday said it was suing three employees of the University of Mississippi...
Tank Explosion Severely Burns Six Workers in Mississippi August 1, 2022 Six workers suffered severe burns following a Friday morning explosion at a oil drilling storage tank in central Mississippi. The...
Philadelphia’s Well-Known Jim’s Cheesesteaks Shop Damaged by Fire August 1, 2022 A fast-moving fire damaged one of Philadelphia’s best-known cheesesteak shops early Friday, but authorities say no injuries were reported. Dozens...
California Surplus Lines Association Lowering Stamping Fee August 1, 2022 The Surplus Line Association of California board voted to drop the association’s stamping fee to 0.18%. Effective Jan. 1, 2023,...
Condo Market Spotlight August 1, 2022 The insurance market for condos has always had its challenges with limited appetite in the marketplace to begin with but...
California Insurance Commissioner Leaves Workers’ Comp Benchmark Rate August 1, 2022 California Insurance Commissioner Ricardo Lara adopted and issued a rate for workers’ compensation insurance pure premium that he said reflects...