Insurance

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bb” (Fair) from “bbb-” (Good) of Civil Service Employees Insurance Company and CSE Safeguard Insurance Company, which together comprise …

Higginbotham has joined forces with Bourg Insurance, a long-term family business with deep ties to the South Louisiana community. Founded in 1958 by Claude ‘Toby’ Bourg, Jr. and his wife Edith, Bourg Insurance is a personal and commercial property and …

Each degree of warming in Texas slows the state’s economy, an analysis by economists at the Federal Reserve Bank of Dallas found. Extreme heat this year may have cost the Texas economy $24 billion, or reduced the state’s nominal gross …

Ameris Bank, an Atlanta-based corporation with operations in seven Southeastern states, has agreed to invest $9 million in minority neighborhoods in Jacksonville, part of a settlement with the U.S. Department of Justice over alleged redlining practices. “As today’s case makes …

Seiffert Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2023, Seiffert Insurance Agency was created by owner Anthony Seiffert, who has seven years …

Kansas producer licensing fees will be reduced by $1.2 million beginning in January, 2024, Insurance Commissioner Vicki Schmidt announced. Resident producer application fees will be reduced from $30 to $15, and non-resident producer fees will be reduced from $80 to …

Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according to the Met Office. About 350 homes are being evacuated in Brechin, as Scotland braces for its first red weather …

This edition of International People Moves details appointments at Lockton in London and Markel Australia. A summary of these new hires follows here. Lockton Taps Aon Veteran Guffanti as Head of Continental Europe Lockton, the world’s largest independent insurance broker, …

Prime Insurance Company Names Schlueter SVP, Healthcare Professional Liability Prime Insurance Company, headquartered in Chicago, Ill., named Bart Schlueter as senior vice president and head of healthcare professional liability. Schlueter has over 25 years of experience in the insurance industry, …

Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance. Regulators across the world are seeking to …