29 12, 2020

Appeals Court Upholds Trump Health Care Price Disclosure Rule

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A federal appeals court on Tuesday upheld a White House-backed rule to require hospitals to disclose the prices they negotiate with insurers for an array of tests and procedures. The 2-0 decision by the U.S. Court of Appeals for the …

29 12, 2020

Drunken Driving Convictions, Related Offenses Down in Wisconsin

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Yearly convictions for drunken driving and other related offenses dropped by nearly 18,000 in Wisconsin between 2004 and 2018, according to a report from the state Legislative Reference Bureau. Alcohol-related fatal crashes have also declined in Wisconsin in the past …

29 12, 2020

Sompo Acquires Diversified Crop Insurance, Forms AgriSompo North America

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Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, has acquired Lenexa, Kan.-based Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises Inc. (CGB). DCIS and ARMtech, Sompo International’s existing U.S. federally sponsored multi-peril …

29 12, 2020

After Naming Bombing Suspect, Focus Turns to Motive

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NASHVILLE, Tenn. (AP) _ With federal officials having identified the man believed to be behind Nashville’s Christmas Day bombing, authorities now turn to the monumental task of piecing together the motive behind the explosion that severely damaged dozens of downtown …

29 12, 2020

Insurance Journal’s Most Noteworthy Topics of 2020: International

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COVID-19, mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance Journal. Other noteworthy topics included business moves — from startups and existing companies — and natural and manmade catastrophes. We provide …

29 12, 2020

Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank

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MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to …

29 12, 2020

Papadopoulo Promoted to President, Chief Underwriting Officer of Arch Capital Group

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Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 and currently serves as chairman and CEO of Arch Worldwide …

29 12, 2020

Earthquake Confirmed in Northern California

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A magnitude 3.9 earthquake rattled parts of Northern California on Sunday morning, the U.S. Geological Survey confirmed. The earthquake was reported at 6:44 a.m. about 14 miles from Chico. The quake was felt 25 miles away in Paradise, a town …

29 12, 2020

Cross-Border Workers in Gibraltar to Retain Free Movement with Spain After Brexit

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MADRID – Cross-border workers who commute between Gibraltar and Spain will be exempt from border controls after Brexit even if no agreement on free movement is reached with Britain, Spanish Foreign Minister Arancha Gonzalez Laya said on Monday. Madrid and …

29 12, 2020

AM Best Upgrades Capital Insurance Group in California

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Monterey, Calif.-based Capital Insurance Group has been upgraded by AM Best. CIG received a rating of A (Excellent) from A- (Excellent). AM Best stated: “Concurrently, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term …