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AM Best Removes from Under Review with Negative Implications and Downgrades Credit Ratings of Arizona Automobile Insurance Company; Affirms Credit Ratings of Alfa Mutual...

OLDWICK, N.J., May 06, 2022--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a" (Excellent) from "aa-" (Superior) of...

BMA introduces new innovative class for long-term insurers (Class IILT)

The Bermuda Monetary Authority (BMA) has proposed amending the Insurance Act 1978 to introduce a new innovative class for long-term insurers. The BMA said in a statement that it believed market developments in the next decade will lead to a conflux of insurance, capital...

California proposes extreme heat ranking and warning system

SACRAMENTO, Calif. — As California braces for another dry and hot summer, state legislators are proposing a law that alerts residents to extreme heat with rankings about their severity. AB 2238 would create advance warnings for heat waves similar to existing systems for hurricanes,...

A Guide To Business Insurance

Introduction In all businesses today, aligning human resource management with business strategy has become an important element to succeed. Organisational restructuring, managing key resource requirements, performance management systems, career and succession planning have all been re-aligned to form synergy with the company’s overall business...

Oakbridge Insurance Adds Scott Kiser as Senior Vice President

ATLANTA, May 4, 2022 /PRNewswire/ -- Oakbridge Insurance Agency LLC is pleased to announce that Scott Kiser has joined the company as senior vice president, private client group practice leader. Kiser is an accomplished Property & Casualty leader, with 28 years' experience cultivating profitable business...

PayPal Partners with AON to Expand Access to Insurance for Small Businesses

PayPal and Aon partner to help millions of PayPal’s small business customers in the United States access insurance simply and quickly.The unique digital insurance program will enable PayPal’s small business customers in the US to shop for, purchase and manage insurance coverage through...