Industry News

Best's Reviews

Kemper CEO Says Insurer on Track for Profitability After Cutting Fourth-Quarter Net Loss

Feb 03, 2023 Kemper Corp’s chief executive officer said he thinks the carrier can notch an adjusted consolidated net operating income in...

Update: Louisiana Legislature Passes $45 Million Incentive Funding Bill

Feb 03, 2023 (Adds comment from governor in sixth paragraph.) The Louisiana Legislature Feb. 3 finished its part in securing $45 million to lure regional...

Best’s News: Annuities Post Banner Year in 2022, Driven by Market Volatility, Improved Rates

Feb 03, 2023 Fixed annuities drove a record year of growth in 2022, as investors sought to avoid volatility in equities and bonds that...

Insurance Hiring Dips in January as Overall Hiring Rises by 517,000

Feb 03, 2023 Hiring zoomed upward in January and unemployment ticked down, but the insurance industry and related businesses did not contribute to the growth,...

Claims Journal

U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy

Feb 03, 2023 Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo...

FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal

Feb 03, 2023 A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a Black former employee who said the package...

Winter Storm Cancels Flights, Keeps Thousands Without Power

Feb 03, 2023 AUSTIN, Texas (AP) — A mess of ice, sleet and snow lingered across much of the southern U.S. on Thursday as thousands in Texas endured freezing temperatures...

Judge: Defiant NJ Beach Town Can Sue for $21M in Dune Costs

Feb 03, 2023 CAPE MAY COURT HOUSE, N.J. (AP) — A New Jersey beach town that defied state environmental authorities and fixed its dunes that were seriously eroded by a storm can...

Insurance Journal

People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines

Feb 03, 2023 DUAL Hires Chief Risk Officer and Actuarial Lead DUAL North America, Inc., based in Naples, Florida, has hired...

People Moves: Beavers promoted to VP of Client Solutions at RYZE Claim Solutions; Alera Appoints Midwest Regional Managing Director

Feb 03, 2023 RYZE Claim Solutions Names Beavers Vice President of Client Solutions Teresa Beavers has been...

Police Settle La. Suit Over 2020 Beating of Black Man

Feb 03, 2023 SHREVEPORT, La. (AP) – A settlement has been reached in a lawsuit filed by a Black man who said police officers in a Louisiana city threw him to the ground, slammed his...

Texas Winter Storm Cancels Flights, Keeps Thousands Without Power

Feb 03, 2023 AUSTIN, Texas (AP) – A mess of ice, sleet and snow lingered across much of the southern U.S. on Thursday as thousands in Texas endured freezing temperatures...