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AM Best Affirms Credit Ratings of RSUI Group's Members

AM Best Affirms Credit Ratings of RSUI Group's Members
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AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Alleghany Corp and Its Affiliates

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A++ from A+ and the Long-Term Issuer Credit Ratings to 'aa+' from 'aa-' of... | January 12, 2023

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AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Alleghany Corporation and Its Affiliates

AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Alleghany Corporation and Its Affiliates
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Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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5-Star Professional Liability 2022

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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AM Best Places Credit Ratings of Alleghany Corporation and Its Affiliates Under Review With Positive Implications

AM Best Places Credit Ratings of Alleghany Corporation and Its Affiliates Under Review With Positive Implications
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AM Best Comments On Credit Ratings Of Alleghany Corporation And Affiliates Following Announced Acquisition By Berkshire Hathaway Inc. – InsuranceNewsNet

TransRe Europe S.A. TransRe London Limited Fair American Insurance and Reinsurance Company Fair American Select Insurance Company Calpe Insurance Company Limited. The FSR of A+ and the Long-Term ICRs of“ aa-”, with stable outlooks, remain unchanged for RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group:.

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Insurers' COVID-19 Notepad: What You Need to Know Now (Week of June 28) | All Alerts & Newsletters

Insurers' COVID-19 Notepad: What You Need to Know Now (Week of June 28) | All Alerts & Newsletters
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Insurers' COVID-19 Notepad: What You Need to Know Now (Week of May 24) | All Alerts & Newsletters


May.24.2021
Courts Dismiss COVID-19 Business Interruption Claims
On May 13, 2021, the district court for the Northern District of Georgia granted American Family Insurance Company’s and Midvale Indemnity Company’s motion to dismiss a COVID-19 business interruption claim filed by the operators of two barbeque restaurants. The court concluded that the plain meaning of the phrase “direct physical loss” requires that there be “actual, physical damage to the covered premises” and the plaintiffs failed to allege any change to the physical condition of property due to COVID-19 closure orders. Order at 11. The court further found that the policy’s unambiguous virus exclusion bars coverage because the plaintiffs “claim no losses that were not caused, at least indirectly, by the virus.”

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