Industry News

Insurance Journal

Michael Jackson Estate $100M Lawsuit Alleges ‘Character Assassination’ by HBO

Feb 22, 2019 The estate of Michael Jackson sued HBO for $100 million over what it says is the “posthumous character assassination” of the late singer...

U.S. Working with Mexico, Canada to Block African Swine Fever

Feb 22, 2019 The United States, Canada and Mexico are coordinating efforts to prevent the arrival of a highly contagious swine disease that has swept through China’s hog...

China Regulator to Retain Control of Anbang Insurance Group Until Next Year

Feb 22, 2019 China’s banking and insurance regulator said on Friday it will extend its control of Anbang Insurance Group Co. Ltd. for one year to Feb. 22...

New Jersey Woman Sentenced to Prison for Stealing $190K from Former Employer

Feb 22, 2019 A former site manager for a temporary staffing agency in New Jersey has been sentenced to prison for stealing $190,000 from the agency. Xiomara Jovel, 47...

Best's Reviews

AM Best Affirms Credit Ratings of Guild Insurance Limited

Feb 22, 2019 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Guild Insurance Limited (GIL) (...

Axa CEO: Property/Casualty Expansion on Track Despite ‘Abnormal’ Fourth-Quarter Losses

Feb 21, 2019 Even as “abnormal” fourth-quarter catastrophe losses hit its newly acquired commercial lines unit, Axa S.A. is optimistic the...

Bill Updating Florida Surplus Lines Regulation Passes State House Committee

Feb 21, 2019 A bill updating Florida’s regulation of surplus lines insurance has moved through a Florida state house committee. The house Banking and...

AM Best Revises Outlooks to Positive for Somerset Reinsurance Ltd.

Feb 21, 2019 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit...

Claims Journal

Website Lists Coaches Banned from U.S. Olympics

Feb 21, 2019 An advocacy group has published a first-of-its-kind comprehensive list of coaches banned from Olympic sports, creating a database of nearly 1,000 people no longer allowed to work in...

Baltimore Sues Monsanto Over PCB Pollution

Feb 21, 2019 Baltimore has filed a lawsuit against the agrochemical giant Monsanto and two other companies, accusing them of polluting city waterways and stormwater. The legal effort focuses on PCBs, the...

New York Gov. Cuomo Proposes Seat Belt Law for Back-Seat Passengers

Feb 21, 2019 New York Gov. Andrew Cuomo is proposing to extend the state’s seat belt law to require all passengers in the back seat to buckle up. Under current law, while...

New York City Wants to Halt Hairstyle Discrimination

Feb 21, 2019 New York City doesn’t want people to have their hairstyles held against them, and it unveiled novel guidelines this week against hairdo discrimination. The new legal guidance...