Monitor: PG&E in California Prioritized Targets Over Reducing Wildfire Risk October 22, 2020 By Joel Rosenblat and Mark Chediak PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the utility’s program...
AM Best’s Estimates for U.S. Insurers’ Asbestos & Environmental Losses Unchanged October 22, 2020 AM Best said its estimates of $100 billion in asbestos losses and $46 billion in environmental losses for the U.S....
Golden Bear in California Upgraded by AM Best October 22, 2020 AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating...
Talanx Acquires Italian Non-Life Insurer Amissima October 22, 2020 The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on...
EPA Permit May Curb Phosphorous Discharge from New Hampshire Fish Hatchery October 22, 2020 A new federal water permit for a New Hampshire fish hatchery that has been accused of polluting local waterways could...
Eastern Insurance Group Acquires Assets of Massachusetts’ Auburn Insurance Agency October 22, 2020 Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the assets of the Auburn Insurance Agency...
Dick Insurance Agency, Merrimack Financial Services Announce New Hires October 22, 2020 Dick Insurance Agency, along with sister company Merrimack Financial Services, both of Tewksbury, Mass., have announced four new hires. Matthew...
Self-Driving’s Latest Turn: GM’s Cruise Seeks OK for Cars Without Steering Wheel, Pedals October 22, 2020 By Jane Lanhee Lee and David Shepardson Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co. would seek U.S. regulatory approval in...
Hurricane Epsilon, 10th of Season, Expected to Approach Bermuda Tonight October 22, 2020 Hurricane Epsilon, the 10th of this very busy Atlantic season, was moving toward Bermuda on Wednesday. Epsilon is expected to...
Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to Support Mutuals October 22, 2020 Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic...