seth

AM Best Revises Outlooks to Negative for Virginia’s Loudoun Mutual Insurance Co.

AM Best has revised the outlooks to negative from stable of Loudoun Mutual Insurance Co. of Waterford, Virginia based on the “deterioration in Loudoun’s underwriting and operating performance” in recent years and corresponding “decline in overall risk-adjusted capitalization.” At the …

AM Best Revises Outlooks to Negative for Virginia’s Loudoun Mutual Insurance Co. Read More »

Business Moves: NSM Completes Sale of Commercial Division to New Mountain Capital; Compre Buys Covea’s CSE Group

Specialty insurer NSM Insurance Group said it has completed the sale of its U.S. commercial insurance division to investment firm New Mountain Capital. The agreement includes NSM’s portfolio of 15 niche insurance programs across property/casualty, accident & health, and reinsurance—as …

Business Moves: NSM Completes Sale of Commercial Division to New Mountain Capital; Compre Buys Covea’s CSE Group Read More »

China Bans ‘Smart’ and ‘Autonomous’ Driving Terms From Vehicle Ads

China is banning automakers from using the terms “smart driving” and “autonomous driving” when they advertise driving assistance features, and it will tighten scrutiny of such technology upgrades. The mandate on vehicle advertising was delivered by the Ministry of Industry …

China Bans ‘Smart’ and ‘Autonomous’ Driving Terms From Vehicle Ads Read More »