Industry News

Insurance Journal

UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey

Apr 20, 2021 The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different...

Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change

Apr 20, 2021 KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low...

South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns

Apr 20, 2021 JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost...

Everest Re Estimates Q1 2021 Catastrophe Losses of $260 Million

Apr 20, 2021 Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total, Everest said the...

Claims Journal

Texas Police to Demand Tesla Crash Data as Musk Denies Autopilot Use

Apr 20, 2021 WASHINGTON — Texas police will serve search warrants on Tesla Inc on Tuesday to secure data from a vehicle that crashed on the weekend, killing two people...

Lawsuit Alleging Fatal Restraint By Hospital Staff May Proceed, Texas Supreme Court Rules

Apr 20, 2021 A lawsuit that charges staffers at a Texas psychiatric hospital with violating a patient’s civil rights must comply with a state...

Florida Company Creates COVID-19-Killing Ultra-Violet Light

Apr 19, 2021 FORT MYERS, Fla. (AP) — Energy Harness CEO/inventor/engineer Michael Fischer and senior vice president Peter Lehrer were approached with a problem from a client...

Liberty Sues Jerry Falwell Jr., Seeking Millions in Damages

Apr 19, 2021 RICHMOND, Va. (AP) — Liberty University has filed a civil lawsuit against its former leader, Jerry Falwell Jr., seeking tens of millions in damages after the two...

Best's Reviews

Everest Re Announces $260 Million Cat Losses on Texas Winter Storms and Australia Flooding

Apr 19, 2021 Everest Re Group Ltd. said preliminary first quarter 2021 catastrophe losses totaled $260 million for winter storms in...

AM Best Places Credit Ratings of Members of Lancer Insurance Group Under Review Following Merger Announcement

Apr 19, 2021 AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (...

AM Best Places Credit Ratings of StarStone Specialty Ins Co and StarStone Natl Ins Co Under Review Following Merger Announcement

Apr 19, 2021 AM Best has placed under review with developing implications the Financial Strength...

AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.’s Senior Unsecured Notes

Apr 19, 2021 AM Best has assigned a Long-Term Issue Credit Rating of “a-” to the $850 million 3.35% 10-year senior unsecured notes...