AM Best: Unfavorable Operating Performance Key Driver of Downgrades September 11, 2024 Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based...
Delta Jets Collide on the Ground at Atlanta Airport, Causing Minor Damage September 11, 2024 Two Delta Air Lines jets collided on the ground at Atlanta’s Hartsfield-Jackson International Airport Tuesday, knocking the tail off of...
Hurricane Debby Florida Losses Top $121M; 60% of Claims Closed September 11, 2024 A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000,...
Union Reports Cyber Incident May Have Exposed Members’ Private Information September 11, 2024 A Ridgefield Park, New Jersey-based labor union for longshoremen, healthcare, maintenance and other workers has reported a cyber incident that...
Four People From Connecticut Die in Small Plane Crash in Vermont September 11, 2024 A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday....
Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA September 11, 2024 Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of...
People Moves: Rhodes Named Berkley Mid-Atlantic President; Korzon Succeeds Ryan at Lockton Northeast; Acrisure Appoints Farber for Mid-Atlantic September 11, 2024 R. Berkley Names Rhodes President of Berkley Mid-Atlantic Insurance Group R. Berkley Corp., headquartered in Greenwich, Connecticut, appointed Antonio Q....
People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires September 11, 2024 Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice...
AM Best Places Credit Ratings of Oregon Mutual Group Members Under Review September 11, 2024 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders September 11, 2024 The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders....