There is an 80 percent chance of weak El Niño conditions continuing through the northern hemisphere spring 2019, a U.S. government weather forecaster said on Thursday. The expectation of the weather pattern continuing through summer stood at 60 percent, the …
AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” for the members of the Virginia Farm Bureau Group: Virginia Farm Bureau Mutual …
Pennsylvania’s attorney general said Tuesday that his office has opened an investigation into construction on a 350-mile natural gas liquids pipeline project across southern Pennsylvania that has been blamed for polluting waterways in dozens of places and causing sinkholes near …
A New Mexico non-profit that’s assembled gift bags for the Oscars and Grammys is facing a class action lawsuit brought by disabled employees who say it pays as little as 18 cents an hour. The suit is the latest to …
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Krauter & Company LLC, a specialty firm focused on the risk and insurance needs of private equity firms and their portfolio companies. Founded in 2004 and …
A Rhode Island insurance agent who specializes in insuring horses has been sentenced to three years in prison for defrauding clients, insurance companies and finance companies out of $1.3 million. Federal prosecutors say 57-year-old Randall Levesque, of Middletown, was also …
The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key barriers …
Hamilton Insurance Group Ltd., the Bermuda-based holding company of re/insurance operations in Bermuda and at Lloyd’s, announced it has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency Ltd. platform at Lloyd’s and Ironshore Europe …
The first concrete evidence of a possible link between two deadly Boeing 737 MAX crashes came from space. A new satellite network capable of tracking planes in high fidelity across the globe captured the flight path of the Boeing Co. …
Italy’s top insurer Assicurazioni Generali raised its dividend for 2018 after beating its business plan targets and posting growth in net and operating profits. In a statement on Thursday, the company said it was also well positioned to achieve all …
