Ukraine Makes 1st Grain Shipment Since Russia’s Invasion in Key Milestone August 1, 2022 By Ugur Yilmaz and Aliaksandr Kudrytski Ukraine made its first shipment of grain since Russia’s invasion, marking a small but crucial first step toward unlocking the...
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...
Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules August 1, 2022 By Steven Church The Boy Scouts of America must adjust their plan to create the biggest sexual abuse compensation fund in the U.S....
FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance August 1, 2022 By Pete Schroeder A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which...
Elon Musk Files Countersuit Under Seal Versus Twitter Over $44 Billion Deal August 1, 2022 By Tom Hals Elon Musk countersued Twitter Inc. on Friday, escalating his legal fight against the social media company over his bid to...
Lemonade Lays Off Some Metromile Employees Immediately August 1, 2022 By Chad Hemenway Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the...
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...
Another View on Florida Ratings Flap; and Petrelli Calls Citizens Re Idea ‘Creative’ August 1, 2022 By Scott Johnson The recent brouhaha regarding Demotech and its Financial Stability Ratings (FSRs) of as many as 20 Florida insurers has now...