A.M. 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 (Long-Term ICR) of “a-” of Northern Mutual Insurance Company (MI) (NMIC) in Hancock, Michigan. NMIC …
Patrice Scott has joined the Method Insurance Services team as a business development manager. She will focus on expanding Method’s agency distribution in the Midwest and beyond, and assist in rolling out the new Method Specialty Comp Program for challenging …
Los Angeles-based Worldwide Facilities LLC announced plans to acquire managing general agent and excess and surplus lines broker, McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters LLC (collectively, MHI), headquartered in San Antonio, Texas. MHI Principals Gill Hine …
Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Munich, Germany, the latest advance in BHSI’s expansion of its global footprint. The insurer has named two key underwriters for the office. The new office in Munich, along with …
Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of some Brexit supporters. The Fund …
Elon Musk, the chief executive of Tesla Inc., was sued for defamation on Monday for falsely suggesting that a British caver who helped rescue 12 boys and their soccer coach from a Thailand cave in July was a pedophile and …
Florence’s driving rains are forcing hydroelectric dam operators to run generators at full tilt and open flood gates that haven’t been used in more than 20 years. The Tennessee Valley Authority — which operates dams in Tennessee, Georgia and other …
Though the flooding from Hurricane Florence is predicted to be unprecedented, residents of the coastal North Carolina towns threatened by the storm surge know what it’s like to take on water. Some homes in these areas have been repeatedly flooded …
A demand for documents by a key House Republican adds to the growing pressure on the Federal Emergency Management Agency’s chief as he coordinates the government response to Hurricane Florence. On Monday, House Oversight Committee Chairman Trey Gowdy sent Brock …
Insured losses from Hurricane Florence will reach $2.5 billion, according to an estimate from Karen Clark & Co. The estimate of insured losses to residential, commercial, and industrial properties and autos comes from KCC’s High Resolution U.S. Hurricane Reference Model …
