Shares of American International Group Inc rose 6 percent Monday, and one analyst said the stock may be getting a boost from optimism the bailed-out insurer would be able to monetize its Asian life unit and pay back taxpayers. A …
AIR Worldwide (AIR) is reporting the certification of its 2010 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology. The commission certifies models for use by insurers for developing Florida residential and commercial residential property rate filings. …
Increased melting of glaciers and snow in the Himalayas and Tibetan Plateau threatens the food security of millions of people in Asia, a study shows, with Pakistan likely to be among the nations hardest hit. A team of scientists in …
Hastings Mutual Insurance Co., a 125-year-old regional property/casualty insurance organization headquartered in Hastings, Mich., has added Iowa as its sixth state for writing farm, commercial and personal insurance products exclusively through independent agency partnerships. Vallery Jameson was named territory manager …
Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost anyone to follow. “We keep going round and round and …
Great American Insurance Group, based in Cincinnati, Ohio, has promoted Kirk A. Bull and Mark R. Lonneman. Bull was promoted to divisional president of the Great American Custom Division. Bull has served as divisional senior vice president of Great American …
The U.S. National Hurricane Center started tracking the first low pressure system of the 2010 Atlantic hurricane season late Sunday, reminding energy and commodities traders of the coming storm season, which officially starts June 1 and ends Nov. 30. The …
Farmers from across the Midwest told a U.S. House committee that a crop risk management program introduced in the 2008 farm bill is a good tool but it’s way too complex. The Average Crop Revenue Election program provides revenue support …
Missouri lawmakers have approved new regulations, including fees and an insurance requirement, for people who raise wild animals such as lions, bears and tigers. Legislation sent to the governor will require anyone possessing, breeding or transporting large carnivores to get …
In recognition of May’s “Safe Jobs for Youth Month, the Washington Department of Labor and Industries (L&I) is reminding employers to provide safe workplaces for young workers, particularly as the summer hiring season nears. On average, 79 young workers are …
