Jackson County, Mississippi’s first Hurricane Katrina insurance lawsuit headed to the courtroom Monday. Admiral James W. Lisanby and his wife, Gladys Kemp Lisanby, are suing their insurance company, USAA, over damage to their waterfront home from the August 2005 storm. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Berkshire Hathaway Homestate Companies and its six P/C group members. These include: Brookwood Insurance Company (Coralville, IA), Cornhusker …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Commerce Group, its lead company, The Commerce Insurance Company, and four inter-company pool members. Best also affirmed the ICR …
Record widespread flooding across the Midwest has once again highlighted the catastrophic damages that flooding can cause. Yet a survey conducted for the Insurance Information Institute (I.I.I.) reveals that only 17 percent of Americans have a flood insurance policy. The …
Dayton-Ohio-based Norman-Spencer Agency, Inc. today announced Mark Yearn has joined the company as national program director-Recreational Marine. He will oversee Norman-Spencer’s H2O Headings Program, which serves boat dealers and marina operators across the country. Yearn, a respected marine insurance expert, …
Karen Walker has been promoted to associate director of Transportation for Houston-based managing general agent and insurance wholesaler Myron Steves. The company said Walker achieved excellent results while managing its Dallas Business Development Center and will continue in this role. …
Eight years after a 3-year-old girl died from exposure to tainted meat at a Sizzler restaurant, her family reached a $13.5 million settlement with the company’s meat supplier and others, according to court records. The settlement is among the largest …
In more than four decades of farming, Texas cotton producer Rickey Bearden says he’s never seen an early growing season like this one. In the past month, the South Plains — the world’s largest contiguous cotton patch — has endured …
American Underwriting Managers (AUM), a managing general agency and surplus lines broker with offices in North and South Texas, added Ken Fisher as a contract underwriter/broker in its Southlake office. Fisher has more than 25 years of insurance industry experience. …
Michigan Gov. Jennifer Granholm, as expected, has vetoed a bill that would have let motorcyclists ride without helmets in Michigan. She announced the veto Friday. Granholm vetoed a similar bill in 2006. The latest legislation had some differences from the …
