One of the most devastating wildfire outbreaks in Texas history has left more than 1,600 homes in ruins and stretched the state’s firefighting ranks to the limit, confronting Gov. Rick Perry with a major disaster at home just as the …
Central Texas is not the only area in the state fighting wildfires. The Texas Forest Service says 60 homes have been destroyed and another 150 are threatened by a wildfire raging about 40 miles northwest of Houston. Spokeswoman Melissa Yunas …
Kansas City, Mo.-based Lockton is expanding its insurance and risk management operations with the opening of an office in Omaha, Neb. Jack Struyk has been appointed to lead the office as president of Lockton’s Nebraska operations. Struyk is a proven …
As many property owners continue to recover from hurricane and tropical storms Irene and Lee and new storms form offshore, the U.S. Senate is taking steps to renew the federal flood insurance program. Today, the Senate Committee on Banking and …
Argo Group International Holdings, Ltd. announced that its subsidiary, ARIS Title Insurance Corporation, the world’s first underwriter of title insurance for fine art and other precious collectibles, has launched partnering initiatives with several insurers serving the art industry, including AXA …
Montpelier Re Holdings Ltd. Has appointed Christopher T. Schaper as President of Montpelier Reinsurance Ltd. , effective November 25, 2011 – subject to the approval of the Bermuda Department of Immigration. He will be responsible for the underwriting strategy, profitability …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A ‘(Excellent) and issuer credit ratings (ICR) of ‘a’ of Donegal Insurance Group, its members and Michigan Insurance Company. Best also affirmed the ICR of ‘bbb’ of the publicly-traded …
A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to ‘bbb-‘ from ‘bbb’ of Pennsylvania-based Commerce Protective Insurance Company (CPIC), and has placed both ratings under review with negative implications. …
Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has agreed to be acquired by a subsidiary of ACE Limited for $20.50 per share in cash. The purchase price represents …
The family of a black man who authorities say was run over by a white teenager in a truck in Jackson, Mississippi has filed a wrongful death lawsuit over the alleged hate crime. The lawsuit accuses seven white teenagers of …
