Chubb has announced the creation of a new digital team for Continental Europe (CE) and the United Kingdom & Ireland (UK&I). The team has been formed to develop and execute the insurer’s plans to broaden its digital product and service …
LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials …
DOXA Insurance Holdings LLC (DOXA) has acquired Conroe, Texas-based Marine Underwriters of America (MUA), a niche agency serving the marine industry with specialized insurance policies for ocean marine, inland marine and related property for commercial and recreational marine customers. Marine …
Nature struck relentlessly in 2020 with record-breaking and deadly weather- and climate-related disasters. With the most named storms in the Atlantic, the largest-ever area of California burned by wildfires, killer floods in Asia and Africa and a hot, melting Arctic, …
Hundreds of firefighters battled a fire on Dec. 10 in Chicago’s West Side that engulfed an auto parts warehouse. Crews were called to flames shooting through the roof of Best Value Autobody Supply Inc., Chicago Fire Department spokesman Larry Merritt …
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to CompSource Mutual Insurance Co. (CompSource Mutual), based in Oklahoma City. The outlook assigned to these ratings is stable. The ratings …
An administrative judge has approved a $76,000 fine against an Iowa cattle feedlot for violating the Clean Water Act by discharging polluted wastewater into the East Fork of the Des Moines River. Tony and Joshua Brown, of Armstrong, Iowa, discharged …
BADALONA, Spain (AP) — Firefighters in northeastern Spain found three bodies in an abandoned industrial complex occupied by migrants and other squatters that caught fire and partially collapsed, while ongoing emergency work assisted by sniffer dogs and drones on Thursday …
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Chicago-based ISMIE Mutual Insurance Co. and ISMIE Indemnity Co. (collectively known as …
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance Co., headquartered in Gainesville, Fla. The outlook of …