Industry News

Best's Reviews

Neptune Launches $4 Million Excess Flood Coverage for NFIP Policyholders

Feb 21, 2024 Insurtech managing general agent Neptune Flood has started offering $4 million of excess flood coverage for residential, commercial and...

AM Best Assigns Credit Ratings to Relsure Vermont, Inc.

Feb 21, 2024 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Relsure Vermont, Inc. (Relsure...

Enstar Acquires James River Stock; 4Q Net Income Jumps to $609 Million

Feb 21, 2024 Enstar Group Ltd. spent nearly $5.9 million to acquire more than 600,000 shares of James River Group Holdings stock in the fourth quarter, it...

SiriusPoint Turns Loss Into $93.5 Million Gain for Fourth Quarter

Feb 20, 2024 SiriusPoint Ltd. recorded a net gain of $93.5 million for the fourth quarter, turning around a $26.6 million loss recorded for the same period a...

Insurance Journal

Beazley Creates Cyber Risk Management Company

Feb 21, 2024 Beazley, the London-based specialty insurer, announced the creation of an integrated cyber risk management company, Beazley Security, formed from the merger of its in-house...

Texas Jury Finds LSD did not Cause Spinal Injury, Requires Occidental to Pay HO Limits

Feb 21, 2024 When does a hallucinogenic drug become the direct cause of a catastrophic injury, triggering a homeowners’ policy exclusion? Not when...

P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best

Feb 21, 2024 Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims...

‘AI Godfather’, Others Urge More Deepfake Regulation in Open Letter

Feb 21, 2024 Artificial intelligence experts and industry executives, including one of the technology’s trailblazers Yoshua Bengio, have signed an open letter calling...

Claims Journal

Los Angeles Area on Alert for Flash Floods: Weather Watch

Feb 21, 2024 California, which has been suffering through wet weather for weeks, has more rain in the forecast. A flash flood warning is in place for downtown Los Angeles, as well as...

Sergey Brin Sued Over Deadly Crash of His Fiji-Bound Seaplane

Feb 21, 2024 Google co-founder Sergey Brin is facing a wrongful-death suit in California from the widow of the pilot who was flying one of the billionaire’s planes from Santa...

West Texas Has More Fatal Crashes Than State Average, Report Finds

Feb 21, 2024 Severe and fatal vehicle crashes occur at a higher rate in the Permian Basin than the rest of Texas, a new report released by the Texas A&M Transportation...

February Tornadoes in Wisconsin Caused $2.4M in Damage

Feb 21, 2024 The first ever tornadoes ever recorded in Wisconsin in the usually frigid month of February caused more than $2.4 million in damage, officials said. The tornadoes that ripped...