Judge Rejects Argument That Insurer Acted in Bad Faith by Using Automated Bill Pay February 4, 2020 By Jim Sams For the second time in a year, a federal judge rejected a plaintiff attorney’s argument that an insurance carrier acted...
Best’s See Limited Non-Life Insurance Losses in China From Coronavirus Epidemic February 4, 2020 Rating firm AM Best said it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus...
AM Best Downgrades Issuer Credit Rating of Crusader in California February 3, 2020 AM Best has downgraded the Long-Term Issuer Credit Rating to “bbb” from “bbb+” and affirmed the Financial Strength Rating of...
Judge Refuses to Dismiss Corruption Case Against North Carolina Insurance Magnate February 3, 2020 A federal judge refused to dismiss conspiracy and bribery counts against a North Carolina insurance magnate and two associates, allowing...
Sipe Promoted to Property/Casualty Sr. VP at Ohio’s Great American Insurance February 3, 2020 Cincinnati, Ohio-based Great American Insurance Group has promoted Carol Sipe to senior vice president within its Property/Casualty Group. Since 2009,...
Hilltop Holdings Selling Texas’ National Lloyds Corp. to Align Financial February 3, 2020 Dallas-based Hilltop Holdings Inc. and Align Financial Holdings LLC have entered into a definitive agreement for the sale of Hilltop...
2nd Worker Injured in Texas Oil Well Blowout Dies February 3, 2020 A second worker has died of injuries from a Central Texas oil well blowout, the company said. Chesapeake Energy spokesman...
Kansas Company to Pay $1M Fine After Pleading Guilty in Chemical Cloud Case February 3, 2020 A Kansas company pleaded guilty Friday to violating clean air rules and is expected to pay a $1 million fine...
Nebraska to Get $109M in Federal Flood Relief Funds February 3, 2020 The U.S. Department of Housing and Urban Development has allocated nearly $109 million in federal funds in the aftermath of...
Electrical Spark Likely Caused Deadly Houston Blast, ATF Says February 3, 2020 By Juan A. Lozano An electrical spark likely ignited a gas leak that led to a massive explosion in Houston last week, killing two...