AM Best placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Golden Bear Insurance Co. in Stockton, Calif. The ratings of Golden Bear were placed under …
California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to implement his mandated increases to its decades-old commercial property coverage limits offered to businesses. “My order is part of an ongoing commitment to helping businesses in California thrive …
Late last month in New Castle County, Delaware, a grand jury indicted multiple residents for insurance fraud. The indictments stem from Department of Insurance Fraud Prevention Bureau investigations, in partnership with the Delaware Department of Justice. They allege that following …
The National Council on Compensation Insurance has launched a workers’ compensation learning academy for member carriers. “NCCI affiliates have asked for convenient training and development programs focused on workers compensation insurance,” the council said in a bulletin. The learning sessions …
Willis Towers Watson Hires Latham to Mid-Atlantic FINEX Commercial Team Willis Towers Watson, a global advisory, broking and solutions company, hired Kenneth Latham to as associate director for the Mid-Atlantic FINEX commercial team. Latham will be responsible for all aspects …
Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGAs), powered through modern technology …
NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the matter told Reuters on …
The Liberty Company Insurance Brokers formed a new managing general agency, Aura Risk Management, providing program administration and a wholesale trading platform for its carriers, Liberty producers, and Aura’s growing national network of select agencies. San Clemente, Calif.-based Aura Risk …
Californians rejoiced this week when big drops of water started falling from the sky for the first time in any measurable way since the spring, an annual soaking that heralds the start of the rainy season following some of the …
On her family’s first trip since the pandemic began, 6-year-old Wongel Estifanos got on a vertical drop ride at a Colorado amusement park with her uncle, aunt and cousins last month. When the floor pulled away from beneath them, everyone …