Industry News

Insurance Journal

French (Yes, French) Executives Are the World’s Worst Workaholics: Survey

Jan 30, 2023 Americans have popularized “hustle culture,” but it’s French executives who binge work the most, according to a new survey. Nearly...

Legal & General’s Wilson to Retire After Decade as CEO

Jan 30, 2023 Legal & General Group Plc’s veteran chief executive officer is to retire after more than a decade at the helm of the insurer. Nigel Wilson has told the...

Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand

Jan 30, 2023 Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so...

Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida

Jan 30, 2023 NEW ORLEANS (AP) – As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the...

Best's Reviews

Cincinnati Financial Estimates $141 Million in Fourh-Quarter Pretax Cat Losses

Jan 27, 2023 Cincinnati Financial Corp. said it is expecting pretax catastrophe losses of $141 million for the fourth quarter. The losses include...

UK Treasury Seeking Input on Insurer Resolution Regime for Threatened Companies

Jan 27, 2023 HM Treasury is seeking input on a plan to develop a new resolution regime for insurers on the brink of failure. The government...

Best’s News: Best’s Commentary: Louisiana’s Proposed Property Market Fix a Stopgap Given Underlying Reinsurance Issues

Jan 27, 2023 Ahead of a special legislative session in Louisiana to address its property insurance crisis, a...

AM Best Withdraws Credit Ratings of St. Charles Insurance Company Risk Retention Group

Jan 27, 2023 AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of St....

Claims Journal

New York Prosecutors Allege Workers’ Comp Premium Fraud in Two Schemes Worth $10M

Jan 27, 2023 Manhattan District Attorney Alvin Bragg, Jr. within the past week announced two separate indictments alleging workers’ compensation fraud, one...

Illinois Man Charged in Planned Parenthood Clinic Fire

Jan 27, 2023 CHICAGO (AP) — A central Illinois man was charged Wednesday with setting fire to a Planned Parenthood clinic earlier this month, federal law enforcement said. Tyler W....

Colorado Lawmakers Look to AI to Detect Wildfires Earlier

Jan 27, 2023 DENVER (AP) — A year after the most destructive wildfire in the state’s history scorched nearly 1,100 homes, Colorado lawmakers are considering joining other...

Japan Launches Intel Satellite to Watch N. Korea, Disasters

Jan 27, 2023 TOKYO (AP) _ Japan successfully launched a rocket Thursday carrying a government intelligence-gathering satellite on a mission to watch movements at military sites...