Industry News

Insurance Journal

Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule

Jan 18, 2019 The U.S. Department of the Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows...

Oklahoma Securities Agency’s Computer Files Breached, Firm Says

Jan 18, 2019 The Oklahoma agency that protects investors from fraud is investigating whether its data was breached after a cybersecurity research team discovered that a...

Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General

Jan 18, 2019 Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and...

South Carolina Capitol City Bans Electric Scooters

Jan 18, 2019 South Carolina’s capitol city has banned electric scooters for a year while the city studies the operation of companies providing the service. News outlets reported...

Best's Reviews

AIG’s AlphaCat Unit in Nonstandard Auto Insurance-Linked Securities Deal

Jan 18, 2019 American International Group Inc.’s AlphaCat Managers Ltd. and Ledger Capital Markets LLC announced what they said is a direct...

Swiss Re Names UK Chairman to Provide Guidance on ReAssure IPO

Jan 18, 2019 Swiss Re said it named Archie Kane as nonexecutive chairman of the board of directors of ReAssure plc, its U.K.-based closed book business, ahead of...

AM Best Removes From Under Review and Affirms Credit Ratings of Kemper Corporation and Most of Its Subsidiaries and Affiliates

Jan 18, 2019 AM Best has removed from under review with developing implications and affirmed the...

AM Best Assigns Issue Credit Rating to The Western and Southern Life Insurance Company’s Forthcoming Surplus Notes

Jan 18, 2019 AM Best has assigned a Long-Term Issue Credit Rating of “a+” to the forthcoming $500 million 5....

Claims Journal

Government Shutdown Stalls Wildfire Preparations

Jan 18, 2019 Just two months after a wildfire wiped out Paradise, California, officials are gearing up for this year’s fire season and fear the government shutdown could make it even more...

PG&E Bankruptcy Could Lead to Price Hikes, Unpaid Wildfire Lawsuits

Jan 18, 2019 Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of...

Business News: Tower MSA Partners, Berkley One, Method Insurance Services

Jan 18, 2019 Tower MSA Partners Launches Quarterly Webinar Series Tower MSA Partners is launching a free, quarterly webinar series to help payers become more...

Kansas Mother Settles Wrongful Death Police Shooting Suit for $2.3M

Jan 18, 2019 The mother of a suburban Kansas City teenager who was fatally shot by police as he backed a minivan out of his family’s garage has reached a $2.3 million...