AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NASW Insurance Co. (NASWIC) headquartered in Washington, D.C. AM Best said …
AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review Read More »
Insurance broker Aon reported strong third quarter revenue of $4.0 billion, an increase of 7% from $3.7 billion reported for Q3 2024. Organic revenue rose 7% during Q3, which was level with last year’s third quarter, but beat Wall Street …
Aon’s Q3 Organic Growth of 7% Outperforms Expectations Read More »
A huge nuclear deal announced by the Trump administration earlier this week provides a multi-billion-dollar incentive for the U.S. government to issue permits and approvals for new Westinghouse reactors—an unprecedented structure that critics say poses environmental and safety risks. Under …
Deal for Nuclear Reactors Raises Safety Concerns Read More »
North Carolina authorities on Thursday arrested a public adjuster, accusing him of absconding with a $133,000 payout from the insurance carrier following a contentious roof claim. Tyler Dionysius Englin, 26, of Garner, North Carolina, was charged with embezzlement after the …
North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment Read More »
Eight months after it declared a moratorium on the licensing of captive insurance companies and risk retention groups, the Alabama Department of Insurance has posted a clarification. The March bulletin and an extension of the moratorium issued in September do …
Alabama DOI Says Captive Moratorium Does Not Apply to Foreign RRGs Read More »
A $180,000 Range Rover customized for NBA legend Shaquille O’Neal was stolen in Georgia earlier this month, and law enforcement is still on the hunt for it. The Lumpkin County Sheriff’s Office in northeast Georgia said investigators believe the SUV …
Shaq Hacked: Shaquille O’Neal’s Custom Range Rover Stolen in Transport Read More »
The Trump administration is moving to overrule any state laws that may protect consumers’ credit reports from medical debt and other debt issues. The Consumer Financial Protection Bureau has drafted what’s known as an interpretative rule related to the Fair …
Trump Administration Targets State Laws Shielding Credit Reports From Medical Debt Read More »
In the rush to improve customer experience, many insurers have overlooked a critical group of stakeholders: the independent brokers and agents who sell their products every day. With this group now numbering over 1 million individuals in the U.S., they …
Don’t Forget the Front Line: Why Insurers Need to Research the Agent Experience Read More »
Web Connectivity Ltd. (WCL), a Zywave company, announced the launch of its enhanced platform for treaty risk placement in Bermuda, marking a milestone in the digital transformation of the reinsurance market. Developed in close collaboration with leading RI brokers and …
Tech Update: WCL Launches Digital Treaty Placement Platform in Bermuda Read More »
The Fidelis Partnership (TFP) announced the launch of Syndicate 2126 in partnership with funds managed by Blackstone, the alternative asset manager and private equity company, following in-principle approval from Lloyd’s. The syndicate will write across a number of property, specialty …
The Fidelis Partnership Launches 2nd Lloyd’s Syndicate, Backed by PE Firm Blackstone Read More »
