Moody’s Cuts Fosun International’s Credit Rating Amid Concerns Over Asset Sales October 26, 2022 By Roxanne Liu and Kane Wu Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative”...
Flexsteel to Pay $9.8M For Contamination Cleanup at Indiana Site October 26, 2022 Flexsteel Industries Inc. has agreed to a consent decree that requires it to pay $9.8 million for the cleanup of...
Britain’s Financial Services Execs Hope Sunak Can Steady the Ship After Market Chaos October 26, 2022 By Iain Withers, Lawrence White and Huw Jones After seven weeks in which Britain’s reputation for financial credibility has been rocked by political missteps, senior finance executives have...
Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines October 26, 2022 By Susanne Sclafane Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp.,...
AmTrust Acquires Mid-Market Book from DUAL October 26, 2022 AmTrust Financial Services announced that it has acquired the middle market management liability business of DUAL North America, a Florida-based...
Fagan to Replace Koscielny at Florida Peninsula Insurance October 26, 2022 The Florida Peninsula Insurance group of companies announced that Joe Fagan will replace Michael Koscielny as vice president of underwriting...
New England Patriots Owner Alleges Insurer Fumbled Media Liability Claims October 26, 2022 By Andrew G. Simpson Kraft Sports and Entertainment, owner of the NFL’s New England Patriots, has sued Hiscox Insurance alleging the insurer has failed...
Louisiana Issues C&D Order to Baton Rouge Producer October 25, 2022 Investigators from the Office of Insurance Fraud at the Louisiana Department of Insurance (LDI) issued resident producer Houston Thomas and...
Illinois’ Lang Financial Group Rebrands as 1706 Advisors October 25, 2022 Lang Financial Group, a third-generation firm specializing in employee benefits, human resource management, and individual and business insurance planning, announced...
Work Begins on New Southern Louisiana Pump Station October 25, 2022 DONALDSONVILLE, La. (AP) – Louisiana officials have broken ground for a critically needed $96 million pump station that could help...