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Suncorp Group Ltd. is selling its 50% joint venture stake in RACT Insurance Pty Ltd. of Tasmania for A$83.8 million ($62.8 million).
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AM Best has downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb
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The U.K. Treasury Ministry is seeking public input on possible reforms to the Solvency II regulatory standards, including an easing of the rules arou
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Louisiana’s insurance commissioner has issued a cease-and-desist order to GeoVera Specialty Insurance Co. to stop nonrenewing Louisiana homeowners po
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Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening its power systems to prevent dea
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The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization’s bankruptcy case
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A 15-year plan to abate the opioid crisis in a West Virginia community will cost local officials $2.5 billion, a forensic economist has testified. Ge
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A team of technical experts from the federal government and outside specialists are going to gather building material samples and study soil conditio
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