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China’s Online Insurer ZhongAn Plans $600 Million Bond Offering

Jul 14, 2020 ZhongAn Online Property Insurance Co. Ltd. is proposing to issue $600 million in notes on the Hong Kong Stock Exchange. Proceeds of the 3.125% notes...

Best’s Insurance Law Podcast Discusses Claims Impact of Michigan No-Fault Law Reformation

Jul 14, 2020 AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best’s Insurance Law Podcast...

Florida Citizens to Allow Nonrenewals, Cancellations Next Month

Jul 14, 2020 Florida Citizens Property Insurance Corp. will allow policy cancellations and nonrenewals to resume Aug. 15, it said in an agent bulletin. Citizens...

AM Best Affirms Credit Ratings of CNA Financial Corporation and Its Subsidiaries

Jul 14, 2020 AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of...

Insurance Journal

Report: Sharp Drop in California Workers’ Comp Premiums Expected from COVID-19

Jul 14, 2020 A sharp drop in 2020 workers’ compensation premiums in California is expected with the COVID-19 pandemic-related job losses, a report out today...

Iowa’s First Mainstreet Insurance Acquires 3 New Agencies

Jul 14, 2020 Cedar Rapids, Iowa-based First MainStreet Insurance (FMSI), a TrueNorth affiliate, has added three new firms to its family of insurance agencies — two in Iowa and one in...

Louisiana Governor: Masks Required, Bars to Be Closed Statewide

Jul 14, 2020 Gov. John Bel Edwards has ratcheted up Louisiana’s restrictions to combat the coronavirus’s spread, instituting a statewide mask mandate, putting...

Houston Leaders Urge Citywide Lockdown Amid Virus Case Surge

Jul 14, 2020 Top officials in Houston are calling for the city to lock back down as area hospitals strain to accommodate the onslaught of patients sick with the new...

Claims Journal

California Homeowners Are Doomed to Repeat Their Past Mistakes

Jul 14, 2020 On Oct. 8, 2017, sparks from private electric equipment set fire to the dry hills of Northern California’s wine country, but it was only once the flames jumped...

Juul Launches Legal Fight Against Black Market Vaping Cartridges

Jul 14, 2020 Juul Labs Inc. launched an aggressive legal campaign to halt what it calls a “seemingly endless stream” of black market cartridges for its e-cigarettes....

Amazon Tells Staff Hand-Washing Time Won’t Be Held Against Them

Jul 14, 2020 Amazon.com Inc. told employees at a New York warehouse, where workers have sued and gone on strike over safety concerns, that they won’t be punished for...

Russia’s Rusal Seeks Management Changes At Nornickel After Fuel Spill

Jul 14, 2020 Russian aluminum giant Rusal has asked the board of Norilsk Nickel (Nornickel) , in which it has a major stake, to change its management and overhaul its...