Britton Gallagher, based in Cleveland, Ohio, has acquired Beckman Insurance Agency of Wisconsin. The acquisition is part of the firm’s strategic growth plan in the amusement industry, the company said. Mike Beckman said he will continue working with the Beckman …
Catastrophe modeling firm Risk Management Solutions (RMS) issued the following advisory on Tropical Storm Debby this morning: Tropical storm winds and heavy rain are affecting the northeast Gulf States as Tropical Storm Debby lingers off the northwest coast of Florida. …
A wildfire near Colorado Springs grew to more than 6 square miles on Sunday after erupting just a day earlier and forcing evacuation for 11,000 residents, according to newspaper reports. Colorado is having its worst wildfire season in a decade, …
Rates of sea level rise are increasing three-to-four times faster along portions of the U.S. Atlantic Coast than globally, according to a new U.S. Geological Survey report published in Nature Climate Change. Since about 1990, sea-level rise in the 600-mile …
A pastor in North Carolina has been arrested and accused of taking about $23,000 in an insurance scam. The Hickory Daily Record reported that 47-year-old Chuck Hager was arrested and charged with 13 felonies. The pastor of New Beginnings Christian …
Safety advocates are continuing to push for a lower legal limit for boaters who consume alcohol on Georgia’s lakes and rivers. The Atlanta Journal-Constitution reported that most states require the blood-alcohol content of a boat operator to be lower than …
A.M. Best Co has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings reflect Iron Horse’s “adequate risk-adjusted capitalization, explicit parental support, experienced …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), which is based in Chevy Chase, Maryland. Best also affirmed the ICR …
A number of insurers and reinsurers have agreed to join the UN-backed set of Principles for Sustainable Insurance. The initiative aims to provide insurance tools for risk management in support of environmental, social and economic sustainability. A bulletin from UK-based …
Lloyd’s has published a roundup of the environmental issues inherent in as the world grows warmer. The recently concluded Rio +20 Conference was an attempt – 20 years after the first conference – “to try to reach agreement on sustainable …
