Insurance

California Gov. Gavin Newsom signed an executive order he said will help mitigate the impacts and better allocate the costs of natural disasters while stabilizing the insurance market and energy utility sector. The executive order calls for multiple state agencies …

Employee benefits firm Freimark & Associates has partnered with Leavitt Heartland Insurance, a Leavitt Group affiliate with offices across South Dakota. The partnership expands insurance options for clients of both agencies. Freimark & Associates clients will now have access to …

AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members of Grinnell …

Rain was already coursing through the usually dry creek near Abraham Stallins’ home in the Texas Hill Country when a flash flood warning lit up his phone. It was just after midnight on July 5, and many neighbors were sleeping, …

Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling for quick action to extend the National Flood Insurance Program (NFIP). The program expires at the end of Sept. 30. …

Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA). Backed by The Fidelis Partnership Syndicate 3123 …

Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growing asset class has already exhibited …

Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Microsoft Exchange email servers, gaining …

Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government shutdown coincides with …

Volkswagen AG lost an appeals case in Germany’s highest civil court over the shareholders’ approval of a settlement with former Chief Executive Officer Martin Winterkorn over his role in the diesel-emissions scandal that cost the company more than €30 billion …