Industry News

Best's Reviews

2018 Weather Events in New Zealand Cost Insurers NZ$226 Million

Dec 14, 2018 Extreme weather events this year in New Zealand have cost insurers NZ$226 million (US$155 million) in claims, according to the Insurance Council of...

AM Best Affirms Credit Ratings of Misr Life Insurance Company

Dec 14, 2018 AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Misr Life Insurance Company (MLIC...

AM Best Affirms Credit Ratings of Misr Insurance Company

Dec 14, 2018 AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Misr Insurance Company (MIC) (Egypt)....

AM Best Affirms Credit Ratings of Kelvin Re Limited

Dec 14, 2018 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Kelvin Re Limited (Kelvin Re) (Guernsey...

Insurance Journal

Newest Edition of AMA Guides Lowers Impairment Ratings in Workers’ Compensation

Dec 14, 2018 For workers injured at work, the amount of compensation they receive depends on which edition of the medical guidelines on evaluating impairments...

Authorities: At Least $3B to Clear Debris from Homes Destroyed By California Wildfires

Dec 14, 2018 State and federal authorities estimate that it will cost at least $3 billion to clear debris from 19,000 homes and businesses destroyed by...

More Than 100 Buildings Found Unsafe After Alaska Quake

Dec 14, 2018 More than 100 homes and buildings in the Anchorage area have been found unsafe to enter because of damage caused by the magnitude 7.0 earthquake, according to city data. At...

SEC Actions Against Public Companies Surged in Second Half

Dec 14, 2018 The number of new U.S. Securities and Exchange Commission (SEC) enforcement actions against public companies and subsidiaries jumped substantially in the second half...

Claims Journal

Cleanup for Last Month’s Wildfires in California Could Top $3B

Dec 14, 2018 Insurance claims and cleanup costs associated with California wildfires last month are expected to exceed the record-breaking amounts paid out last year after blazes...

Washington Finishes Work on Bridge to Keep Wildlife Off Highway

Dec 14, 2018 Before descending the Cascade Mountains on its final stretch to Seattle, Interstate 90 cuts through a mountain pass of old growth forests and wetlands. For countless...

Valve Hole Set Off Wisconsin Refinery Blast, Fire

Dec 14, 2018 A hole in a valve was the source of an April explosion at a Husky Energy refinery in northwestern Wisconsin that injured 36 people and required the evacuation of a large part of...

More Than 100 Anchorage Buildings Deemed Unsafe to Enter After Quake

Dec 14, 2018 More than 100 homes and buildings in the Anchorage, Alaska, area have been found unsafe to enter because of damage caused by the magnitude 7.0 earthquake,...