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AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires
AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group. Concurrently, AM Best revised …
POSTED FEBRUARY 20, 2025 9:08 PM |
AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Permanent General Assurance Corporation, Permanent …
POSTED FEBRUARY 20, 2025 5:52 PM |
Airbnb Files Lawsuit Against City of New Orleans Over Regulation Dispute
Airbnb is suing the City of New Orleans for requiring the company and short-term rental platforms ensure properties they market are in compliance with city laws. “What we’re looking at now due to Airbnb’s lawsuit is that they do not …
POSTED FEBRUARY 20, 2025 5:19 PM |
Winter Chill Gripping Central US Breaks Temperature Records
Intense cold will grip the central and southern US for at least another day, sending temperatures to all-time lows in some cities before milder weather is set to arrive over the weekend. At least 40 daily cold records have been …
POSTED FEBRUARY 20, 2025 5:12 PM |
Tesla Cited by U.S. Regulators Over Worker’s Death in Texas
Federal regulators have cited Tesla TSLA.O for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. …
POSTED FEBRUARY 20, 2025 5:05 PM |
People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia
This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires follows here. Allianz Commercial Names Martin as Chief Risk & Resilience Officer Allianz Commercial announced that Aymeric Martin, currently chief …
POSTED FEBRUARY 20, 2025 4:27 PM |
Arthur J. Gallagher Announces Acquisitions of 2 Firms in Northeast
Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC. Agilis is an investment and retirement plan consulting firm with offices in greater Boston, New York and Denver. According to the announcement, Tom …
POSTED FEBRUARY 20, 2025 4:08 PM |
Oil Tankers Rocked by Mystery Blasts After Trips to Russia
At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening. Nobody has claimed responsibility for the incidents, three of …
POSTED FEBRUARY 20, 2025 3:53 PM |
New UK-Based Climate Group Emerges as Banks Retreat
It was a dank, drizzly February evening when about 120 people gathered in the brightly lit art gallery of London’s Guildhall, surrounded by gold-framed paintings ranging from Pre-Raphaelites to realists. At the event, Alok Sharma, a former member of the …
POSTED FEBRUARY 20, 2025 3:41 PM |
Former Florida Broker, Others Charged in Insurance Fraud Schemes
One person in Texas and four people in Florida, including a previously licensed insurance broker, face insurance fraud charges in separate schemes, local and federal authorities said Wednesday. In Hialeah, Florida, three people were arrested at a medical clinic for …
POSTED FEBRUARY 20, 2025 3:10 PM |
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