Industry News

Best's Reviews

California FAIR Getting High-Value Commercial Property Option, More Reporting Requirements

Jul 26, 2024 California’s FAIR Plan will have a new high-value commercial property with limits up to $20 million per building, an...

Cincinnati Financial CEO Calls Personal Lines Change Generational

Jul 26, 2024 A generational change is underway in personal lines, according to Cincinnati Financial Corp. President and Chief Executive Officer Steve Spray....

Best's News: Migration to Cat-Prone Areas Adds to Insurers’ Performance Volatility

Jul 26, 2024 AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham highlight a new Best’s Market Segment...

Feds Accuse National General of Forcing Policies on Already Covered Cars

Jul 26, 2024 National General Holdings Corp. and its subsidiaries, including National General Insurance Co., are facing a federal civil suit alleging the...

Insurance Journal

California Commissioner Announces FAIR Plan Modernization Deal

Jul 26, 2024 California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage...

Business Moves: NFP, Clear Group, and Strategic Risk Group Complete 4 Acquisitions

Jul 26, 2024 Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the...

Paris Trains Hit By Sabotage Hours Before Olympics Kick Off

Jul 26, 2024 Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the...

J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy

Jul 26, 2024 Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into...

Claims Journal

Banks Need to Prioritize Spending on Cyber Defenses, ECB Says

Jul 26, 2024 The European Central Bank said lenders in the region need to keep investing in their ability to respond to attacks by hackers after a landmark stress test of the...

California Wildfire Continues to Spread Rapidly to 164K Acres

Jul 26, 2024 A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prompting thousands of...

Allstate’s Nation General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’

Jul 26, 2024 Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and...

J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy

Jul 26, 2024 Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into...