Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Zywave Names Simoncic New CEO, Kasper CFO

Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer. Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) solutions company using artificial intelligence. …

Wed Sep 18, 2024 19:32
Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B

U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …

Wed Sep 18, 2024 19:32
AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …

Wed Sep 18, 2024 19:32
Federal Judge in N.D. Temporarily Blocks Biden Administration Rule on Natural Gas Flaring

BISMARCK, N.D. (AP) — A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. “At this preliminary stage, the plaintiffs have shown they …

Wed Sep 18, 2024 19:32
Wisconsin Food Processor Fined $161K for Exposing Workers to Dangers

A Wisconsin animal food producer exposed employees to the risks of explosions, fires and long-term respiratory illnesses from excessive amounts of airborne dust, federal workplace inspectors found. The findings follow an inspection by the U.S. Department of Labor’s Occupational Safety …

Wed Sep 18, 2024 19:32
US Sues Ship Owner, Operator Over Baltimore Bridge Collapse

The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …

Wed Sep 18, 2024 19:32

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