A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of ‘aa’ of UK-based FM Insurance Company Limited (FMI). The outlook for both ratings remains stable. The affirmation of the …
The Texas Department of Insurance has denied a catastrophe determination petition submitted by State Farm Insurance Cos. in response to wildfires that have plagued the state in September. The department said it denied the petition based on the information provided …
Nationwide Mutual Insurance Co. is in talks to buy Harleysville Group Inc., Bloomberg reported last Friday, citing people familiar with the matter. No information was provided with respect to timing, structure or price. The talks are ongoing and the two …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of FM Global Group (FM Global) and its members, which includes the lead company, Factory Mutual Insurance Company and its …
As the Missouri River slowly recedes, farmers seeing their fields for the first time since June are encountering sand dunes, strange debris and deep gouges the floodwaters carved into their once-fertile land. The soil quality has also been diminished because …
The mayor of Joplin, Mo., mayor says he appreciates efforts in Washington to get the economy in order, but he’s worried about how that will affect his city as it tries to rebuild from a devastating May tornado. The Senate …
The president of a Des Moines, Iowa, firm that provides companies with temporary employees has pleaded guilty to a scheme to reduce the cost of his workers compensation insurance. Under a plea agreement reached with prosecutors, DES Staffing President Dinesh …
Global insurance broker Willis Group Holdings announced that Graham Farebrother has joined Willis as executive vice president and sales team leader for Willis Global Energy’s Houston team. He will report to Mark Oakley, head of the Houston office. Farebrother has …
A new flood map for Lafayette Parish could be completed by next year, the first update since 1996 for a document that affects insurance rates and the required elevation of new construction in flood zones. The Federal Emergency Management Agency …
In tossing out a negligence lawsuit, a judge last Friday cited the “strange, improbable” events that destroyed a 47-story World Trade Center building a decade ago on Sept. 11, several hours after the 110-story twin towers fell. The claims by …
