The Pacific Ocean holds one of the keys that forecasters say will determine how many hurricanes and tropical storms develop in the Atlantic this year. The size of the six-month storm season, which started June 1, may depend on a …
Renewal of a U.S. terrorism insurance plan is gaining momentum in Congress, thanks to some big-league backing from a coalition that includes professional football, baseball, basketball and hockey leagues. The sports associations, along with insurers, developers, banks and the U.S. …
A.M. Best has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the ICRs of …
Vienna Insurance Group AG (VIG), Eastern Europe’s biggest insurer, said it won’t expand into Russia even as the number of acquisition targets in other parts of the region shrink. VIG, which is based in the Austrian capital and operates in …
Flights resumed to and from Australia’s northernmost city of Darwin on Sunday after they were suspended for more than a day due to clouds of ash from an Indonesian volcano. Friday’s eruption of Sangeang Api volcano off the Indonesian island …
Great American Insurance Group promoted Jeffrey (Jeff) Cruey to divisional president of its specialty property and casualty agribusiness division. Cruey joined the company in 2011 as a divisional senior vice president in the specialty human services division. Prior to joining …
The director of Ohio’s insurance fund for injured workers said he’s disappointed with an unusually pointed appeals court decision that says the fund overcharged employers by hundreds of millions of dollars. Steve Buehrer, Ohio Bureau of Workers’ Compensation administrator and …
The Michigan appeals court says the public has no right to see the records of an insurance fund that puts a fee on cars to pay for catastrophic injuries. The court said that the Michigan Catastrophic Claims Association is not …
The efforts undertaken by Meadowbrook Insurance Group in the past couple of years to improve its underwriting performance and profitability appear to be working. In a conference call to discuss results for the first quarter of 2014, Robert S. Cubbin, …
Retail insurance broker EPIC (Edgewood Partners Insurance Center), has named Chris Duncan to the firm’s executive team as chief growth officer (CGO). As CGO for EPIC, Duncan will focus on growing EPIC’s presence throughout the United States, primarily through expansion …
