TOAL TO BECOME NEXT NEW MEXICO INSURANCE SUPERINTENDENT

New Mexico will have a new superintendent of insurance. Russell Toal, the deputy secretary of the state Department of Human Services,...

AVIVA AFFIRMS CONTINUED OPERATIONS IN CHINA AND SINGAPORE

Aviva plc said it will retain its joint venture in China but continues to evaluate strategic options with partners in Hong Kong, Vietnam...

 
 
 

HAMILTON INSURANCE PUTS LLOYD'S SYNDICATE ACAPPELLA INTO RUN-OFF

Hamilton Insurance Group Ltd. said it's placing its Acappella Lloyd's Syndicate 2014 into run-off effective immediately. Supported...

STANDARD DIVERSIFIED PLANS MAIDSTONE INSURANCE LIQUIDATION AMID REORGANIZATION PLANS

Standard Diversified Inc. plans to liquidate Maidstone Insurance Co. as part of a reorganization and merger with Turning Point Brands...

 
 
 

AIG NAMES HEAD OF MULTINATIONAL, GENERAL INSURANCE

American International Group Inc. has named Allison Barrett as global head of multinational, general insurance. Barrett, who will transition...

AM BESTTV: EUROPE REVEALS AN INSURANCE INDUSTRY ADAPTING TO NON-STOP CHANGE, SAY EXECS AT AM BEST BRIEFING

In this AMBestTV episode, attendees to AM Best's Insurance Market Briefing - Europe, held in London, said the ongoing evolution of...

 
 
 

DIOCESE OF ROCHESTER SUES INSURERS TO DEFEND IN SEX ABUSE CLAIMS

The Catholic Diocese of Rochester is suing a dozen insurance entities, demanding they defend and indemnify the diocese as it faces...

PROPOSED TRUMP ADMINISTRATION RULE WOULD REQUIRE DISCLOSURE OF INSURER PRICE MARKDOWNS

A rule proposed by the Trump administration to force the disclosure of secret discount rates negotiated between health insurers and...

 
 
 

INSURANCE INDUSTRY LOBBYING SPENDING ROSE 9.2% IN FIRST THREE QUARTERS OF 2019

Health insurance companies and trade representatives have spent roughly $58 million this year to push back against legislation and...

AM BEST UPGRADES AND WITHDRAWS CREDIT RATINGS OF NOMAD LIFE INSURANCE COMPANY JSC

AM Best has upgraded the Financial Strength Rating to B from B- and the Long-Term Issuer Credit Rating to “bb” from “bb-” of Nomad...

 
 
 

APCIA EXECUTIVE: CALIFORNIA DOI ORDER TO EXPAND FAIR PLAN LINES COULD CONSTRICT PRIVATE MARKET

A new California Department of Insurance order to expand the fire insurer of last resort's lines could further tighten the private...

TREASURY NOT ON BOARD WITH NEW GLOBAL INSURANCE CAPITAL STANDARD

After the National Association of Insurance Commissioners recently hailed the adoption of changes that protect U.S. financial interests...

 
 
 

1347 PIH WIDENS THIRD-QUARTER NET LOSS AS PREMIUMS DECLINE

1347 Property Insurance Holdings Inc. posted a widened third-quarter net loss from continuing and discontinued operations of $3.5 million,...

RENAISSANCERE JOINS MUTUAL RE'S ASSUMING COMPANIES GROUP

RenaissanceRe is joining Mutual Re's group of five assuming companies with the pending departure of EMC Insurance. The addition of...

 
 
 

PIONEER PLACES LLOYD'S SYNDICATE IN RUN-OFF AMID STRATEGIC REVIEW

Pioneer Underwriters said it is putting a Lloyd's syndicate into run-off after completing a review of its strategic and capital options...

ALLIANZ GAINS CHINA REGULATORY APPROVAL FOR INSURANCE HOLDING COMPANY

The China Banking and Insurance Regulatory Commission to begin operations as China's first fully foreign-owned insurance holding company. The...

 
 
 

BESTWEEK: INDUSTRY SPENDING ON LOBBYING ROSE 9.2% THROUGH THREE QUARTERS OF 2019

Health insurance companies and trade representatives have spent roughly $58 million this year to push back against legislation and...

AXA NAMES SENIOR EXECUTIVES TO NEW ROLES

Axa has named Matthieu Bébéar, currently deputy chief executive officer of Axa France and chief executive officer of Axa Particuliers...

 
 
 

HURRICANE MICHAEL INSURED LOSSES CLIMB TO $7.4 BILLION

Insured losses from Hurricane Michael, which hit the Florida panhandle in October 2018, climbed another $300 million, according to...

AM BEST WITHDRAWS CREDIT RATINGS OF ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED

AM Best has affirmed the Financial Strength Rating of C and the Long-Term Issuer Credit Rating of “ccc+” of Royal Insurance Corporation...

 
 
 



Earth is headed for its second warmest year in recorded history

Earth is headed for its second warmest year in recorded history

Data from the U.S. government sure seems to indicate that the Earth is warming (despite what the current leadership may say). Apparently, the globe just experienced the... Read more ...

The New York state attorney general is investigating WeWork amid layoffs

The New York state attorney general is investigating WeWork amid layoffs

Reuters reported that the New York State Attorney General is investigating WeWork in the latest crisis facing the embattled workspace giant. The company confirmed that it had... Read more ...

Chick-fil-A no longer funding Salvation Army, Fellowship of Christian Athletes

Chick-fil-A no longer funding Salvation Army, Fellowship of Christian Athletes

ATLANTA - Atlanta-based Chick-Fil-A has stopped donating to The Salvation Army and the Fellowship of Christian Athletes, two organizations that have come under fire from LGBTQ... Read more ...

Boeing shareholders are suing the board, alleging 'careless' handling of the...

Boeing shareholders are suing the board, alleging 'careless' handling of the 737 Max development and the crisis that followed

Boeing's board members were careless in their oversight of the Boeing 737 Max , leading to a "loss of credibility in the marketplace, a damaged reputation and billions in... Read more ...

The coming fight over who controls digital health data

The coming fight over who controls digital health data

Spending for consumer digital healthcare companies is set to explode in the next few years; the Office of the National Coordinator for Health Information Technology is... Read more ...

Carla Fried: No-commission trading is a threat to your investing success

Carla Fried: No-commission trading is a threat to your investing success

In October, discount brokerage firms were falling all over each other trying to hand out what looks like an enticing treat: no commissions when you trade stocks, mutual funds... Read more ...

'Not on Netflix' and proud of it, Tubi boasts in ads

'Not on Netflix' and proud of it, Tubi boasts in ads

Netflix. Disney+. HBO Max. Apple TV+. For anyone getting tired of all the mounting number of streaming sites charging a monthly fee for shows and movies, a lesser-known service... Read more ...

DOJ to throw out decades-old film business regulations. But what impact will...

DOJ to throw out decades-old film business regulations. But what impact will it have?

The so-called Paramount decrees - the regulations that have governed Hollywood since the heyday of Marilyn Monroe - are taking their final bow. The U.S. Justice Department is... Read more ...

Coty climbs after agreeing to pay $600 million for a majority stake in Kylie...

Coty climbs after agreeing to pay $600 million for a majority stake in Kylie Jenner's makeup line

Coty announced Monday that it agreed to pay $600 million for a majority stake in Kylie Cosmetics, the makeup line owned by Kylie Jenner. Shares of Coty gained as much as 4.9%... Read more ...

A professor specializing in drug crime used his knowledge to launder $2.5...

A professor specializing in drug crime used his knowledge to launder $2.5 million of dirty Venezuelan money, federal prosecutors claim

Professor Bruce Bagley wrote a textbook on drug trafficking and organized crime. Now federal prosecutors claim he used his knowledge to launder $2.5 million of dirty Venezuelan... Read more ...