Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook. Peak Re’s A3 IFSR reflects its good franchise in the Asian reinsurance market, solid capitalization, expanding …
A class-action lawsuit has been filed against a real estate company on North Carolina’s Outer Banks after it allegedly refused to issue refunds for people who couldn’t visit because of coronavirus-related travel restrictions. The Virginian-Pilot reported Wednesday that the suit …
A 52-year-old Groves, Texas, man has been sentenced to 78 years in federal prison for violations related to an arson and insurance fraud scheme, according to the U.S. Attorney’s Office for the Eastern District of Texas. U.S. Attorney Stephen J. …
For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains. Until recently, …
A 48-year-old man hospitalized since December after being injured in a downtown Las Vegas apartment fire that killed six people is the latest person to sue the building’s owner and others for negligence. Christian Spangler suffered “significant and severe” burns …
Some Florida bars and restaurants are temporarily closing their doors after being back open for just a few weeks because workers or patrons have tested positive for the new coronavirus. The closures come as the number of new daily coronavirus …
California workers’ compensation total direct written premium continued to decline in 2019, falling 7.0% to a five-year low of $11.42 billion, as nine out of the state’s 10 largest insurer groups wrote less premium in 2019 than in 2018, a …
A public adjuster has been arrested by special agents in Georgia after allegedly stealing funds from consumers and a contractor and failing to show up for a hearing after two warrants were taken out on him. According to the Georgia …
There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley’s Breach Response (BBR) Services. While nearly all industries reported …
U.S. airline passengers who refuse to wear facial coverings during the novel coronavirus pandemic could have their flying privileges revoked, the industry’s main lobby group said on Monday. Major U.S. airlines may prevent anyone not wearing a mask from boarding …