Hurricane Ike is not yet weakening over Cuba and will likely reach the Gulf of Mexico as a Category 1 hurricane before taking aim at the oil-rich Texas-Louisiana coast later in the week, the U.S. National Hurricane Center forecast in …
Deridder, La.-based Amerisafe, Inc., a specialty writer of high hazard workers’ compensation insurance, recently announced that A.M. Best Co. has increased the Financial Size Category (FSC) of the company to IX, which designates companies whose adjusted policyholder surplus totals between …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on marine mutual insurer Norwegian Hull Club (NHC) to ‘A-‘ from ‘A’. The outlook is stable. S&P said the “rating action reflects the extent …
The mortgage guaranty insurance industry experienced extremely high losses and negative operating returns in 2007 as mortgage defaults and foreclosures climbed rapidly. This was a sharp contrast to the record years of profitability earlier in the decade, during which most …
Liberty International Underwriters (LIU), part of Liberty Mutual Group, has launched a global crisis risk management initiative that introduces new products such as kidnap, ransom and extortion; contaminated products; and product recall. LIU’s new products, along with the trade credit, …
No breaches. Limited brash talk. No “no word” from the Army Corps of Engineers. Few foul ups. Clear risk analysis. And the flood fight got done during Hurricane Gustav. Under a microscope since the catastrophic failures of Hurricane Katrina, the …
An earthquake has shaken the area around Swedes Place in northern Nevada. The U.S. Geological Survey’s preliminary report put the quake at a 4.1-magnitude. The temblor hit just before 4:30 a.m. Saturday, Sept. 6, 2008. There were no immediate reports …
Chicago-based Hub International Ltd. has acquired the assets of Arnold and Associates Inc., a Phoenix-based agency specializing in employee benefits. Arnold will become part of Hub International of Arizona, a division of Hub International of California Insurance Services Inc. Terms …
A state and federal report concluded that last summer’s lightning- and cheatgrass-stoked Murphy Complex fire that torched 1,000 square miles of Idaho and Nevada backcountry would have overwhelmed efforts by ranchers to cut fire danger before the blaze by using …
Kimberly Moreland, vice president of Rising Medical Solutions, a medical-financial organization, was named one of nine governor-appointed seats on the State of Illinois Workers’ Compensation Medical Fee Advisory Board. In this position, Moreland will advise the Illinois Workers’ Compensation Commission …
