Industry News

Insurance Journal

California Commissioner and U.N. to Develop Sustainable Insurance Roadmap

Jul 23, 2019 The California Department of Insurance and the United Nations Environment Program on Tuesday announced the launch of a yearlong effort to develop a “...

Big Cannabis Bills That Await California Lawmakers Include Banking and Hemp Products

Jul 23, 2019 Next month could be big for California’s cannabis industry. Among legislation introduced last session by state lawmakers was a bill to...

Kentucky Drug Overdose Deaths Decrease for First Time in 5 Years

Jul 23, 2019 After years of rising death tolls from a surge in drug addiction, Kentucky officials on Thursday reported the first statewide drop in drug overdose deaths...

Worley, Brown Launch Legion Claims Solutions in Louisiana

Jul 23, 2019 Legion Claims Solutions LLC (Legion), a firm specializing in the management of catastrophe insurance claims, environmental/industrial claims, and governmental...

Best's Reviews

AM Best Affirms Issue Credit Rating of Weston2038 LLC’s Credit-Linked Note

Jul 23, 2019 AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a” to the $846 million of 6.00% Variable Funding Credit Linked...

Chubb Second-Quarter Profit Slides 11.1% on Higher Catastrophe Losses

Jul 23, 2019 Chubb Ltd. posted an 11.1% drop in second-quarter net income partly on higher catastrophe losses. Net income for the quarter fell to $1.15...

Kingstone to Exit ‘Volatile’ Commercial Liability Lines

Jul 23, 2019 Kingstone Cos. Inc. said it is exiting volatile, long-tail commercial liability lines that accounted for most adverse loss development early in the year....

Beazley CEO: Accelerated Pace of Rate Hikes Likely to Continue to 2020

Jul 23, 2019 The pace of rate increases accelerated in the first half of the year — a trend that should continue into 2020, Beazley plc Chief Executive...

Claims Journal

Iowa State Pays, Praises Former Director to End Lego Art Dispute

Jul 23, 2019 CORALVILLE, Iowa — In 2016, Iowa State University accused an employee of fraud and theft in a dispute over the unusual but lucrative campus assets she managed...

Heatwave Meets Drop Shipping With Arctic Cube Air Conditioning: Viewpoint

Jul 23, 2019 The AirFreez is a funky-looking cube that, according to its website, uses “hydro-chill technology” to cool air and purify it in a “...

Boeing 737 Max Latest: Friends in High Places

Jul 23, 2019 The crashes of two Boeing Co. 737 Max jetliners have put the aerospace giant on a perilous course through multiple U.S. investigations. But as it faces off against the government,...

Bayer’s Other Legal Mess: An Old Liability Many Have Forgotten

Jul 23, 2019 The widening legal nightmare over Roundup weedkillers isn’t the only potential multi-billion-dollar liability Bayer AG inherited last year when it...