INSURANCE NEWS

AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of the …
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People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer

This edition of International People Moves details appointments at RMS and and Catalina. A summary of these new hires follows here. Moody’s, RMS Appoints Hare MD of APAC Andrew Hare has been appointed managing director, Asia Pacific at RMS, the …
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New Orleans Officials Seek to End Federal Oversight of Police

New Orleans officials asked a federal judge Tuesday to end court-supervised oversight of its police department under a pact negotiated with the U.S. Justice Department a decade ago, after deadly police shootings of civilians following Hurricane Katrina cast renewed scrutiny …
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Iowa Council Member Countersues Police Officers over Protest Arrest

A Des Moines council member is countersuing two police officers who took the unusual step earlier this year of suing several people who participated in a 2020 protest following a Minneapolis officer’s killing of George Floyd. Councilwoman Indira Sheumaker’s countersuit …
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Settlement Requires Arkansas Senator to Unblock Critics on Social Media

An Arkansas state senator will be required to unblock critics from his social media accounts under a settlement a national atheists’ group said it reached with the state on Wednesday. American Atheists announced the settlement in its federal lawsuit against …
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War-Damaged Ukraine Nuclear Plant Could Threaten Europe’s Energy Grid

Diplomats concerned about an atomic accident at a war-damaged nuclear power plant in Ukraine should also turn their attention to a larger and looming danger, according to engineers who study critical infrastructure. Already only two of six reactors at the …
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Lloyd’s Insurers Must Exclude State-Backed Cyber-Attacks to Avoid Systemic Risks

Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed cyber-attacks. “Lloyd’s remains strongly supportive …
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Laser Incidents Reported by U.S. Pilots Hit Record in 2021

The number of reported incidents involving aiming of lasers at U.S. airplanes hit a record in 2021, according to a federal government report, which also said regulators should do more to address the problem. The Government Accountability Office said the …
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Small New Hampshire Town Political Spats Devolve Into Defamation, Free Speech Claims

The small town of Gilmanton, New Hampshire and a selectman who owns a winery have successfully defended themselves against multiple claims of defamation brought by a well-known and politically active local couple. But the town must face further legal proceedings …
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U.S. Seeks Information From Tesla on In-Car Camera in Autopilot Probe

U.S. auto safety regulators on Thursday asked Tesla Inc. to answer questions about its in-car camera intended to monitor driver awareness as part of a probe into 830,000 Tesla vehicles that employ the carmaker’s advanced driver assistance system called Autopilot. …
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Florida Sting Operation Busted 13 Contractors Without Workers’ Comp

Unlicensed contractors, all without proper workers’ compensation insurance on their workers, have been charged in another law enforcement sting operation in Florida, authorities said. The state’s chief financial officer and the Pasco County Sheriff’s office announced Thursday that 13 people …
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$18M Settlement in Lawsuit over Boy’s Death at California School

The parents of an 8-year-old boy with Down syndrome who died after falling while strapped to a chair in class five years ago have reached an $18 million settlement in their wrongful death lawsuit against a Southern California school district, …
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