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News – Insurance Journal
Lloyd’s Receives ‘AA-‘ from Its New Rating Agency KBRA
Kroll Bond Rating Agency (KBRA) has assigned an “AA-” insurance financial strength rating (IFSR) to Lloyd’s with a stable outlook. Newly appointed to provide an additional independent opinion of the market’s financial strength, KBRA joins three other agencies that rate …
POSTED APRIL 23, 2021 10:30 AM |
Alera Group Acquires New York’s The Waterford Group
Alera Group, a financial services and risk management company, has acquired The Waterford Group, a Rochester, New York-based retirement plan specialist providing consulting and fiduciary services to companies. Following the acquisition, The Waterford Group team will continue serving clients in …
POSTED APRIL 23, 2021 10:00 AM |
Worker Dies in Accident at Submarine Building Facility in Rhode Island
An employee at Electric Boat’s facility in Rhode Island has died from injuries suffered in a workplace accident, the company said. Sean Davies, a vice president for the Connecticut-based submarine builder, told WPRI-TV the incident took place around 8 a.m. …
POSTED APRIL 23, 2021 10:00 AM |
Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured
PARIS – Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent years, farm office FranceAgriMer said on Thursday, citing initial estimates from wine producers. The losses, subject to revision as the …
POSTED APRIL 23, 2021 8:54 AM |
Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff
An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than three years ago. The Dutch Authority for the Financial Markets …
POSTED APRIL 23, 2021 8:36 AM |
AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Ltd. and Convex Re Ltd. Both entities are wholly …
POSTED APRIL 23, 2021 7:58 AM |
Pennsylvania Moves Closer to Allowing Lawsuits by Child Sex Abuse Victims
For the first time, prominent Republican state senators on Wednesday put their support behind legislation in Pennsylvania to change the law to allow now-adult victims of child sexual abuse to sue the perpetrators or institutions that did not prevent it …
POSTED APRIL 23, 2021 6:57 AM |
Florida House Overwhelmingly Approves Consumer Privacy Bill
The Florida House resoundingly approved a consumer privacy bill on Wednesday, giving the public an opportunity to regain ownership of the personal data collected by companies and the right to sue companies for mishandling information in a marketplace where consumers …
POSTED APRIL 23, 2021 6:43 AM |
Hackers Publish Florida School District Files After $40M Ransom Unpaid
Hackers who sought $40 million in ransom from a South Florida school district that refused to pay have now published nearly 26,000 stolen files. Many of the files, dated from 2012 to March 2021, contain Broward School District accounting and …
POSTED APRIL 23, 2021 6:37 AM |
Plaintiff Lawyers Accuse Bayer of ‘Pay to Appeal Scheme’ in Roundup Litigation
Bayer AG’s strategy to get a favorable ruling in its Roundup litigation is a manufactured “pay-to-appeal scheme” that will erode the U.S. system of justice if it’s permitted, plaintiffs’ lawyers said in a letter to a court. Lawyers who are …
POSTED APRIL 23, 2021 5:00 AM |
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