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Acadia Expands Agribusiness Product Line

Maine-based insurer Acadia Insurance said it is now offering a complete range of bundled products for the agribusiness industry throughout New England and New York. Acadia’s agribusiness target markets include: horse, dairy, cattle, sheep, grain, hay, wheat, vegetable, tree and …

Companies Offer Aid for Haitians; Caribbean Risk Pool Pays $8M

Companies pledged millions of dollars in aid Wednesday to help victims of a powerful earthquake in Haiti that devastated much of the impoverished country’s capital and killed thousands. Digicel Group, a top mobile phone operator in Haiti, said it would …

Unusual Cold Spell Imperils Florida Crops, Homes

Here’s something you don’t often see in this town at the heart of the state’s $9 billion citrus industry: a sign at the public library that says, “ICE! On sidewalk. Be careful!” Growers were scrambling this week to assess damage …

Progressive Insurance Selects Michigan to Host $10M X-Prize Car Contest

The Progressive Insurance Automotive X PRIZE has chosen the state of Michigan to host a multi-stage competition that aims to pit some of the world’s most fuel efficient vehicles against one another in a quest to win their share of …

Connecticut Teen’s Death Revives Bus Seat Belt Debate

For more than a decade, Connecticut lawmakers have considered and dismissed the idea of requiring seat belts on school buses that carry nearly 500,000 children each day. But a deadly weekend crash in Hartford has given the argument a human …

SEC Order Keeps Some AIG Bailout Terms Sealed Until 2018

It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the Securities and Exchange Commission. In May, the SEC approved a …

Best Affirms Fireman’s Fund ‘A’ Ratings

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Fireman’s Fund Insurance Companies, which includes Fireman’s Fund Insurance Company, based in Novato, Calif. and its intercompany pool participants and …

Mississippi-Based Hurricane Hunters Also Patrol Winter Skies

On a bitterly cold morning in Anchorage, Alaska, the Hurricane Hunters lift off to scout a weather track that may bring snow to the Northeast or flooding rains in California in the next five days. The winter mission of the …

S&P Comments on RenRe’s Management Changes; No Rating Change

Standard & Poor’s Ratings Services has stated that its ratings on Bermuda-based RenaissanceRe Holdings Ltd. (currently ‘A’ with a stable outlook) and related entities are not affected by the announcement of several management changes at the organization. S&P referred to …

New Hampshire House Hears Bills to Stop Home Sprinkler Mandate Today

The New Hampshire House is holding hearings on two bills today that would prevent the state from requiring sprinklers in homes. The bills would stop the state from enforcing amendments to building codes that expand requirements for sprinkler systems. Last …

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