Industry News

Insurance Journal

Report Shows California Workers’ Compensation Premiums Falling

Jul 22, 2019 Workers’ compensation insurance premiums in California are declining as continued rate decreases more than offset the impacts of continued economic growth,...

Coface Names Chun to Lead Western Regional Office

Jul 22, 2019 Coface North America has named Paul Chun Western region vice president and general manager of sales. Chun was previously vice president of sales for Euler Hermes. He held sales...

California Earthquake Authority Board Expands Policyholder Eligibility for Retrofit Grants

Jul 22, 2019 The governing board of the California Earthquake Authority has voted to increase the number of policyholders eligible for a $3,000...

SBA: $10.8M in Disaster Loans Made in Arkansas, so Far

Jul 22, 2019 The U.S. Small Business Administration says $10.8 million in disaster assistance loans have been made in Arkansas. SBA director Tanya Garfield in Sacramento,...

Best's Reviews

Darag Expands UK Presence With Acquisition

Jul 22, 2019 Legacy property/casualty acquirer Darag said it is expanding its U.K. operation with acquisition of Underwriter Insurance Co. Ltd., an insurer in runoff that Darag said...

Victor Insurance Holdings Names UK Country Manager, Strategic Partnerships Director

Jul 22, 2019 Victor Insurance Holdings promoted John Stephenson to U.K. country manager and Fred Willemze as strategic partnerships director...

Equity Firm Acquires Minority Stake in Heffernan Insurance Brokers

Jul 22, 2019 SkyKnight Capital acquired a minority interest in Heffernan Insurance Brokers, which will accelerate mergers, partnerships and hiring, according...

Ryan Specialty Expands Europe Presence Through Barcelona Office

Jul 22, 2019 Ryan Specialty Group said it will open an office in Barcelona, Spain, as what the broker sees as a next step in the evolution of its transactional...

Claims Journal

Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic

Jul 22, 2019 Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually...

Philadelphia Energy Solutions Files for Bankruptcy after Refinery Fire

Jul 22, 2019 Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after...

ConEd Faces Expanded Probe After Heat Wave Forces Power Shutdown

Jul 22, 2019 Consolidated Edison Inc. said it would be ready for the heat wave. It wasn’t, and instead was forced to shut off power to prevent damage to its equipment. In...

Chamber Study Concludes Privacy Lawsuits Benefit Attorneys More than Consumers

Jul 22, 2019 Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to...