Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog. The Financial Conduct Authority (FCA) has taken eight insurers to court over business interruption policy …
A natural gas pipeline erupted in flames near Houston after it was accidentally cut Wednesday afternoon by a contractor, officials said. The accident happened about 4:45 p.m. in the town of Mont Belvieu, about 30 miles east of Houston. No …
Amerisafe Inc. (AMSF) reported second-quarter net income of $23.9 million. On a per-share basis, the Deridder, Louisiana-based company said it had net income of $1.24. Earnings, adjusted for non-recurring gains, came to $1 per share. The results surpassed Wall Street …
Evacuation orders remained in place early Monday for thousands of people after a wildfire in mountains east of Los Angeles exploded in size and forced crews to battle flames in triple-digit heat. The Apple Fire in Riverside County consumed more …
The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, according to a survey of insurers published by broker Gallagher on Tuesday. Only 29% of credit and political risk insurers had seen claims …
AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” from “bbb-” of Cameron Mutual Insurance Co. (Cameron Mutual) in Cameron, Missouri. The outlook of these ratings remains …
The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard Evans of its UK & Ireland and Specialty Casualty business. Turner will report to Peter Stubbings, Reinsurance Solutions’ chief executive …
Fire restrictions within some state land are being lifted because of recent monsoon rain across the northern and southern sections of Arizona. Officials with the Arizona Department of Forestry and Fire Management said restrictions will be lifted by Friday on …
In his first semester at Washington State University, Sam Martinez witnessed or took part in several activities that his family says was a pattern of hazing at Alpha Tau Omega (ATO), the fraternity he hoped to join. Pledges were quizzed …
John (Jack) A. Bogardus Jr., age 92, former chairman, president and CEO of Alexander & Alexander insurance brokerage, passed away from complications of Alzheimer’s in Scottsdale, Arizona on June 28, according to his family. Bogardus spent his childhood in Scarsdale, …