Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best

Catastrophic continue events in 2017 helped coax an boost in rating downgrades for a U.S. property/casualty (P/C) attention during a initial half of 2018, according to an A.M. Best report. But a news also records that altogether ratings activity in that same duration was modestly favorable, with upgrades outnumbering...

Aon Names Wanat U.S. Commercial Lines Broking Chief

Global attorney has allocated Brian Wanat as arch broking officer of U.S. Commercial Risk Solutions. In his new role, Wanat will have approach government shortcoming for Financial Services Group, National Property, National Casualty, Aviation, Crisis Management, Marine and Aon’s Global Risk Consulting Group. He will work with Tom Fitzgerald,...

President Trump Urges U.S. Suit Against Opioid Manufacturers

President Donald Trump pronounced Thursday he wants a U.S. supervision to sue curative companies that make opioids as partial of his efforts to hindrance an widespread of drug addiction. Trump pronounced he’d like to move a sovereign lawsuit, rather than only join existent lawsuit opposite a drugmakers. “Some states...

Acrimonious, Disruptive No-Deal Brexit Is Growing Risk, Says Fitch

Ratings group Fitch pronounced on Thursday that it saw a flourishing risk of a sour and economically deleterious Brexit that could lead to a serve hillside of Britain’s emperor credit rating. “We no longer trust it is suitable to brand a specific bottom case,” Fitch pronounced in an refurbish...

Tighter Regulations in NYC Could Take Bite Out of Airbnb Profits

Airbnb faces tightening regulations in New York City that could take a large punch out of a profits, and on Wednesday a short-term let association offering a counter-measure designed to damp antagonistic politicians: a $10 million grant to charities. At a Manhattan news conference, officials of a San Francisco-based...

Recovery Underway in New York Region Hit by Flash Flooding

Clean-up and liberation efforts continued Wednesday in several upstate New York counties where peep flooding shop-worn homes, vehicles and infrastructure from a Finger Lakes segment to a Binghamton area. Tuesday’s pre-dawn downpours caused peep flooding that uprooted trees, flooded homes and swept divided vehicles, boats and campers in towns...

Engineering Study Last Year Warned Operator About Stability of Genoa Bridge: Reports

An engineering investigate consecrated by Italian highway user Autostrade final year warned about a state of a concrete-encased wire stays that hold adult a overpass that collapsed this week in Genoa, dual Italian newspapers reported on Friday. Autostrade per l’Italia, tranquil by infrastructure organisation Atlantia, manages a territory of...

Seeman Holtz Property & Casualty Continues Expansion into Pennsylvania

Seeman Holtz Property Casualty Inc. has continued a enlargement into Pennsylvania with a merger of Merchants Preferred Insurance Services, headquartered in Erie, Penn. This merger will strengthen Seeman Holtz Property Casualty’s foothold in a Northeast, according to a association press release. Merchants Preferred Insurance Services has been portion a...

ACORD Launches Data Toolkit for London Market Reinsurance, Big Commercial Risks

ACORD, a tellurian standards physique for a word industry, has launched an Adoption Toolkit to support a focus of information standards for tellurian reinsurance and vast blurb risks in a London market. “The advantages of implementing information standards are being satisfied by stakeholders opposite a tellurian word ecosystem in...

The Liberty Co. Acquires Majority Ownership of Mitchell & Mitchell in California

The Liberty Company Insurance Brokers has acquired infancy tenure in Mitchell Mitchell Insurance Agency of Novato, Calif. Liberty will turn infancy owners fasten with several former shareholders of Mitchell Mitchell, including Gary Mitchell who will continue as president. Terms of a understanding were not disclosed. Mitchell Mitchell specializes in...