Industry News

Best's Reviews

AM Best Affirms Credit Ratings of M&C General Insurance Company Limited

May 22, 2019 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of M&C General...

Prime CEO: Some Insurers Don’t Know How to Manage Claims Anymore

May 22, 2019 Insurers must push back against frivolous litigation if they want to halt rising legal costs, according to Prime Property & Casualty Insurance...

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Triple-S Management and Its Subs.

May 22, 2019 AM Best has removed from under review with negative implications and affirmed the...

Casino: Most of $800 Million Las Vegas Shooting Settlement Would Be Covered by Insurers

May 22, 2019 Casino operator MGM Resorts said the bulk of a potential $800 million Las Vegas shooting settlement would be covered by its...

Insurance Journal

Tennessee Joins Federal Lawsuit Against Generic Drug Makers

May 22, 2019 Tennessee has joined a federal lawsuit in Connecticut against 20 generic drug manufacturers, alleging manipulation of prices. State Attorney General Herbert Slatery...

Kentucky Marina Damaged by Large Fire

May 22, 2019 A large fire has damaged a Lake Cumberland marina in southern Kentucky. News outlets report the fire at Conley Bottom Resort in Monticello started around 2 a.m. Monday. Firefighters say...

Charter Bus Collision in Florida Injures 34

May 22, 2019 Authorities say two charter buses carrying Florida children with learning disabilities crashed, sending 34 people to a hospital with minor injuries. The Tampa Bay Times reports 91...

What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program

May 22, 2019 The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance...

Claims Journal

Risks, Rewards Accompany Faster Cleanup of Closed Nuclear Reactors

May 22, 2019 PLYMOUTH, Mass. — Companies specializing in nuclear demolition and radioactive waste storage are buying up aging U.S. reactors and promising to...

Another Storm Takes Aim at Southern Great Plains

May 22, 2019 More than 30 tornadoes struck on Monday and Tuesday from Texas, Oklahoma and across the southern plains into Missouri, said meteorologists with the National Weather Service. While...

McDonald’s Workers Want OSHA to Investigate Pattern of Violence

May 22, 2019 Every 36 hours on average, American local news outlets deliver a new report on violence at a McDonald’s. A group of employees in Chicago say workers bear the...

Pilots Ratchet Up Pressure on EU Regulator to Be Tough on Boeing

May 22, 2019 European pilots stepped up pressure on the region’s air safety agency to take a strong stance in vetting U.S. plans to return Boeing Co.’s...