Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting insurance policies. Wells Fargo has …
A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based PaCRe, Ltd., and has removed the ratings from under review with negative implications and assigned a negative outlook. Best said …
Members of the Professional Insurance Agents of Georgia (PIA of Georgia) elected Dwight L. Taylor, to serve as president of the nation’s sixth largest affiliate at their annual meeting held in Savannah, Ga. Taylor is a partner and senior vice …
The Villages Insurance promoted Shannon Decker to managing advisor from personal lines advisor at its Colony Plaza office in The Villages, Florida.
Raleigh, North Carolina, city officials are restricting the use of downtown sidewalks by bars and restaurants at night because they say patrons have become too loud and disruptive to residents. The News & Observer reports that the Raleigh City Council …
In light of recent events nationwide involving police and the use of force, everyone seems to have fallen in love with the idea of fitting police with body-worn cameras to record activity. But in all likelihood, it will be some …
The federal government has started making new payments to victims of Superstorm Sandy after a review found that some policyholders were not paid what they were due from the National Flood Insurance Program. The Federal Emergency Management Agency announced Monday …
Erie, Pennsylvania, has had some tragic days, but Aug. 3, 1915, ranks at the top. At 8:45 p.m. that Tuesday, a wall of water tore through the city at 25 mph, lifting houses from their foundations, ripping pavement from streets …
Managing general agency and surplus lines broker J.M. Wilson has hired Sarah Schell in its Arlington Heights, Illinois, office as transportation underwriter. Schell will quote new and renewal commercial transportation risks, and work with independent insurance agents in the states …
Delaware Gov. Jack Markell signed legislation aimed at improving fire safety for homeowners in Delaware. The bill, signed on Aug. 6, requires builders of new single-family and two-family homes to provide buyers a cost estimate for installing an automatic sprinkler …
