AM Best Affirms Credit Ratings of Oil Casualty Insurance, Ltd: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Oil Casualty Insurance, Ltd (OCIL) ...
Date: September 25, 2020
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Texas Auto Plan Seeking 4.8% Hike for Commercial Auto: The Texas Automobile Insurance Plan Association has filed a request to raise insurance rates for commercial vehicles 4.8%, according to a filing with the Texas ...
Date: September 24, 2020
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Deloitte: COVID-19 Quarantine May Boost User-Based Auto Products: Pay-as-you-go automobile insurance is gaining traction from consumers who are driving less, said Matthew Carrier, principal, Deloitte.
View the video ...
Date: September 24, 2020
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TWIA Committee Delays Action on Rate Changes: The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee has delayed voting on making recommendations for rate adjustments.
The ...
Date: September 23, 2020
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FCA Seeks to End ‘Price Walking’ in UK Home and Auto Policies: Saying the United Kingdom’s home and automobile insurance companies are not serving consumers well, the Financial Conduct Authority announced plans to increase ...
Date: September 23, 2020
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Best’s Market Segment Report: More Hurdles for Crop Insurers in 2020 Following Poor 2019: Following 2019, when underwriters of crop insurers saw their worst results in a decade, the COVID-19 pandemic and weather events so far in 2020 have globally ...
Date: September 23, 2020
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California Governor Signs Expansive COVID-19 Workers’ Comp Bills: California Gov. Gavin Newsom has signed two COVID-19 workers’ compensation bills that expanded protections for front-line workers, but also left businesses in ...
Date: September 22, 2020
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UK Court Sets Oct. 2 FCA Test Case Appeal Hearing Date; Insurers Urged to Pay Claims: The High Court of England and Wales has set Oct. 2 as the date for hearing possible appeals of the Financial Conduct Authority’s test case on business ...
Date: September 22, 2020
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Beazley Doubles COVID-19 Loss Estimate to $340 Million as Disruption Continues: Beazley plc said it is doubling its total claims estimate for COVID-19-related losses to $340 million as disruption caused by the pandemic is lasting longer ...
Date: September 22, 2020
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Western Fires Spark Thousands of Claims; Lloyd’s Could Incur Losses Through Oregon’s Wildfire Policy: Insurers have incurred thousands of claims as wildfires destroy large sweeps of land and claim homes and small towns in the West.
Lloyd’s could also incur ...
Date: September 21, 2020
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