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Tag: insurance-journal

World Insurance Acquired Grandview Brokerage of Brooklyn
Insurance Journal | February 20, 2025
World Insurance Acquired Grandview Brokerage of Brooklyn
National insurance broker World Insurance Associates LLC announced that it acquired the business of Grandview Brokerage LLC of Brooklyn, New York last November. Grandview provides commercial and personal insurance with niches in the healthcare, real estate, and jewelry industry. Michael …
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires
Insurance Journal | February 20, 2025
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires
AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group. Concurrently, AM Best revised …
AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition
Insurance Journal | February 20, 2025
AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Permanent General Assurance Corporation, Permanent …
Airbnb Files Lawsuit Against City of New Orleans Over Regulation Dispute
Insurance Journal | February 20, 2025
Airbnb Files Lawsuit Against City of New Orleans Over Regulation Dispute
Airbnb is suing the City of New Orleans for requiring the company and short-term rental platforms ensure properties they market are in compliance with city laws. “What we’re looking at now due to Airbnb’s lawsuit is that they do not …
Winter Chill Gripping Central US Breaks Temperature Records
Insurance Journal | February 20, 2025
Winter Chill Gripping Central US Breaks Temperature Records
Intense cold will grip the central and southern US for at least another day, sending temperatures to all-time lows in some cities before milder weather is set to arrive over the weekend. At least 40 daily cold records have been …
Tesla Cited by U.S. Regulators Over Worker’s Death in Texas
Insurance Journal | February 20, 2025
Tesla Cited by U.S. Regulators Over Worker’s Death in Texas
Federal regulators have cited Tesla TSLA.O for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. …
People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia
Insurance Journal | February 20, 2025
People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia
This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires follows here. Allianz Commercial Names Martin as Chief Risk & Resilience Officer Allianz Commercial announced that Aymeric Martin, currently chief …
Arthur J. Gallagher Announces Acquisitions of 2 Firms in Northeast
Insurance Journal | February 20, 2025
Arthur J. Gallagher Announces Acquisitions of 2 Firms in Northeast
Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC. Agilis is an investment and retirement plan consulting firm with offices in greater Boston, New York and Denver. According to the announcement, Tom …
Oil Tankers Rocked by Mystery Blasts After Trips to Russia
Insurance Journal | February 20, 2025
Oil Tankers Rocked by Mystery Blasts After Trips to Russia
At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening. Nobody has claimed responsibility for the incidents, three of …
New UK-Based Climate Group Emerges as Banks Retreat
Insurance Journal | February 20, 2025
New UK-Based Climate Group Emerges as Banks Retreat
It was a dank, drizzly February evening when about 120 people gathered in the brightly lit art gallery of London’s Guildhall, surrounded by gold-framed paintings ranging from Pre-Raphaelites to realists. At the event, Alok Sharma, a former member of the …