Industry News

Insurance Journal

SLTX: Surplus Lines Insurance Bills Advancing in Texas

Apr 22, 2019 The Surplus Lines Stamping Office of Texas (SLTX) reported that several bills that would affect the surplus lines insurance industry in the state have advanced in the...

Louisiana Company to Pay $25K to Settle Federal Disability Lawsuit

Apr 22, 2019 Federal regulators say a Louisiana company that operates a fleet of off-shore work boats in the Gulf of Mexico discriminated against and fired employee...

Wuthrich Named Executive Director of Houston Independent Agents Group

Apr 22, 2019 The Independent Insurance Agents of Houston (IIAH) has named David Wuthrich as the group’s new executive director. Wuthrich is a native...

Suits Against Gun Seller Tied to Kansas Business Shootings Settled for $2M

Apr 22, 2019 The families of victims of a mass shooting at a central Kansas business in 2016 have won a $2 million legal settlement from a pawn shop that sold the...

Claims Journal

J&J Tries to Use Supplier’s Bankruptcy to Gather Talc Suits

Apr 22, 2019 Johnson & Johnson wants a federal judge to take over more than 2,000 baby-powder lawsuits it faces instead of allowing the cases to be heard by state-court...

Statute of Limitations Bars Insurers’ Claim Against Adjuster

Apr 22, 2019 A Connecticut independent adjusting firm dodged a $1 million bullet last week when the state Supreme Court ruled that a three-year statute of limitations applied to a...

Climate Change: The Already Present, Next Great Risk to Munis

Apr 18, 2019 When Miami Beach borrowed $162 million from Wall Street this week, it wanted investors to know rising seas and extreme weather are a real risk to the city and that it...

Trauma for Cops After School Shootings is Largely Unstudied

Apr 18, 2019 About the photo: Members of a police SWAT team march to Columbine High School in Littleton, Colo., on April 20, 1999 as they prepare to do a final search of the school...

Best's Reviews

RLI Operations Chief: Company Taking Advantage of Industry Disruption

Apr 18, 2019 RLI Corp. is taking advantage of disruption within the industry to grow revenues, Chief Operating Officer Craig W. Kliethermes said. He said...

Florida Assignment of Benefits Bill to Go for Full Senate Vote

Apr 18, 2019 The Florida legislature inched closer to a final decision on its latest attempt to reform the state’s assignment of benefits law as a senate...

USAA Net Income Declines 5.4% Following ‘Devastating’ Cat Year

Apr 18, 2019 USAA net income declined last year as it paid nearly $16 billion in claims, according to the insurer’s annual report. Net income declined 5.4% in...

AM Best Withdraws Credit Ratings of CIBC Reinsurance Company Limited

Apr 18, 2019 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of CIBC Reinsurance Company...