AM Best Downgrades, Withdraws Credit Ratings of Conifer Insurance Group March 22, 2024 AM Best downgraded the Financial Strength Rating to C (Weak) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term...
Pinnacol in Colorado Issues $15M Dividend to Businesses March 22, 2024 Pinnacol Assurance issued $15 million general dividend to businesses throughout Colorado. This is the ninth straight year Pinacol has issued...
Washington Insurance Commissioner Fines Company $100K for Operating Illegally March 22, 2024 Washington Insurance Commissioner Mike Kreidler fined First Premier Home Warranty Corp. $100,000 and ordered the New York-based home warranty company...
Chevron to Pay Over $13M in Settlement for California Oil Spills March 21, 2024 Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County,...
New Georgia Regs Would End ‘Half Credits’ for Some Insurance License Courses March 21, 2024 The Georgia insurance commissioner’s office will hold a hearing April 15 on proposed changes to continuing education regulations for insurance...
CyberSaint Raises $21M for Automating, Quantifying Cyber Risk Management March 21, 2024 Boston-based cyber risk management firm CyberSaint reports it has raised $21 million in Series A funding led by Riverside Acceleration...
Risk Strategies Acquires North American Units of H.W. International March 21, 2024 Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding...
Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says March 21, 2024 At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on...
Texas Contractor Faces $257K Fine After Teenager’s Death in Trench Collapse March 21, 2024 A Houston, Texas-area contractor is facing more than a quarter million dollars in fines after a federal investigation found the...
Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product March 21, 2024 Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered...