Industry News

Best's Reviews

Best’s Market Segment Report: Caribbean Property/Casualty Insurers Suffer Double Blow From Rising Reinsurance Rates, COVID-19

Sep 18, 2020 The socioeconomic impact of COVID-19 has been a catastrophe for the entire Caribbean...

AM Best Assigns Issue Credit Rating to Pacific LifeCorp’s Senior Unsecured Notes

Sep 17, 2020 AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a” to the $750 million 3.35% senior unsecured notes due Sept...

GAO Report Finds a Quarter of Short-Term Health Care Plan Salespeople Engaged in Potentially Deceptive Marketing

Sep 17, 2020 More than a quarter of salespeople selling short-term health care plans in a limited undercover test...

Prudential Financial Names Chief Marketing Officer

Sep 17, 2020 Prudential Financial Inc. has named Susan Somersille Johnson to succeed Naveen Agarwal as chief marketing officer effective Oct. 5. In her new role, Johnson will...

Insurance Journal

Beazley Restructures U.S. Executive Risk Leadership Team

Sep 18, 2020 Beazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and collaboration within the global...

EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis

Sep 18, 2020 The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible...

Former Bank of England Chief Carney Joins Advisory Board of Allianz’ PIMCO

Sep 18, 2020 Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies,...

Londoners Slowly Return to Work After Schools Reopened

Sep 18, 2020 Londoners are slowly returning to work in offices, factories and stores after children went back to school at the start of the month. Data compiled by Google show...

Claims Journal

5th Circuit Reasserts That Bad Faith Not Necessary to Win Interest Penalty Against Texas Insurers

Sep 18, 2020 A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming...

Businesses Call On U.S. Insurers to Ditch Fossil Fuel Underwriting

Sep 18, 2020 A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter,...

NTSB Says Boeing 737 MAX Safety Upgrades Are ‘Positive Progress’

Sep 18, 2020 CHICAGO/SEATTLE/WASHINGTON — The U.S. air accident investigator said on Thursday that proposed safety upgrades in the Boeing Co 737 MAX jet were “...

Federal Appeals Court Questions Asian-American Bias Claims Against Harvard

Sep 17, 2020 BOSTON — A federal appeals court on Wednesday appeared skeptical of arguments that Harvard discriminates against Asian-American applicants, a claim...