A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of State Farm Lloyds in Richardson, Texas. A.M. Best also has affirmed the …
California Insurance Commissioner Dave Jones, who was a passenger last week on the Air Canada flight 759 that nearly landed on a taxiway at San Francisco International Airport, has sent a letter to the airline and three aviation and transportation …
Marsh has hired Alex deLaricheliere to lead its U.S. Banking and Capital Markets Practice. In this newly created role, deLaricheliere is responsible for ensuring that Marsh delivers its risk advisory and transactional services to the firm’s banking and capital markets …
It was still dark the morning Ruperto Vazquez-Carrera began his shift at Sunrise Organic Dairy in Idaho. It was mid-February 2016. A winter heat wave had melted snow and ice overnight, flooding part of the rural Jerome County farm. A …
A wildfire burning in central California tripled in size Monday, forcing more people from their homes as firefighters battle the day-old blaze. The fire is burning near Lake McClure, a reservoir about 50 miles east of Modesto. It has scorched …
Fire investigators are trying to find the cause of a blaze that has destroyed a popular restaurant in New York’s Finger Lakes region. Fire officials in the city of Canandaigua say crews were alerted around 5:30 a.m. Thursday to a …
Kaplansky Insurance, a Needham, Mass.-based insurance agency, has appointed David Wolberg as vice president of mergers and acquisitions (M&A). Wolberg brings with him experience from the sell-side of mergers and acquisitions. He is licensed to practice law in both Massachusetts …
The MEMIC Group, a Portland, Maine-headquartered workers’ compensation specialist, has promoted Kelly Barden to the position of director of corporate communications. In this role, she is responsible for shaping and projecting the corporate image and brand identity and overall reputation …
Ironshore International’s Pembroke Managing Agency Ltd. has appointed two treaty property leaders to join the Patria Re underwriting team. Nicolas Benardout has been appointed divisional director while Jack Bunting is assistant underwriter for Patria Re’s international property treaty business lines. …
Specialist insurer Beazley has received authorization from the Central Bank of Ireland to convert its established Dublin-based reinsurance company into an insurance company permitted to transact business throughout the European Union. Beazley explained that its strategy to write EU non-life …
