AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of the …
PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal lines agency. They offer personal, business, gym, fitness studios, restaurants, and apartment building insurance options. Lehi, Utah-based PCF is a …
A federal appeals court has ruled that a lawsuit filed by Delaware’s attorney general seeking to hold the petroleum industry responsible for climate change effects in the state must be heard in state court instead of federal court. Wednesday’s ruling …
LIBERTY, N.Y. — A fire consumed a building at the site of the long-closed Grossinger’s resort, once among the most storied and glamorous hotels in New York’s Catskills. In its heyday after World War II, Grossinger’s drew hundreds of thousands …
Tracks used by the nation’s deadliest railroad will see added fencing to keep pedestrians away and safety improvements at crossings under a $25 million federal grant announced Monday. Brightline and government officials announced the grant as the privately owned passenger …
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …
The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …
The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …
The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost …
Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on Friday. China, which claims Taiwan as …