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U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch

Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...

Report: Carjackings, Thefts Up Significantly in New Orleans

Apr 9 2021 // Carjackings are on the rise in New Orleans, authorities say. Carjackings are up more than 60% compared to last year, WGNO-TV reported. So far in 2021, more than 70 people have been victims of the crime in New Orleans...

AM Best Maintains Negative Outlook on UK Non-Life Insurance Market

Apr 9 2021 // AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown...

Home Working Likely to Remain – Even After Pandemic Ends: UK Survey

Apr 8 2021 // Home working is likely to remain after the pandemic finishes, according to a survey of 2,000 companies the UK, most of which are planning to allow employees greater flexibility on where and when they do their jobs. CIPD,...

Outlooks Revised to Stable for Farm Bureau of Idaho Group Members

Apr 5 2021 // AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Farm Bureau Mutual Insurance Co. of Idaho and...

Train Wreck Kills 50 in Worst Taiwanese Accident in 7 Decades

Apr 5 2021 // TAIPEI – Taiwanese rescuers were trying on Monday to retrieve the last body of a passenger from wreckage of a deadly train crash last week, as the government said five of the eight carriages had now been removed. Fifty...

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