Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary estimate and asked that the quake that left two people …
While some of the ash from the Eyjafjallajökull volcano in southern Iceland has fallen to the earth’s surface, property and agricultural damage is not expected to be a concern, according to a catastrophe risk modeling firm. AIR Worldwide said the …
The economic impact of the volcanic cloud halting flights across Europe will increase sharply the longer disruption continues, forcing holiday cancellations, delaying deliveries and reducing jet fuel demand. African exporters of flowers and vegetables by air to European supermarkets, technology …
QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals. The acquisition supports QBE’s commitment to growing the business through …
A major eruption of Italy’s Mount Vesuvius could result in 8,000 fatalities, 13,000 serious injuries and total economic losses of more than $24 billion, says a new study. According to the Willis Research Network (WRN), Vesuvius now ranks at the …
San Diego – (April 15, 2010) – Now in its fourth month of operation, the Insurance Journal Academy of Insurance is offering “on demand” viewing of previously held classes on topics ranging from “Social Media Marketing” to “Kidnap & Ransom …
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to John Deere Insurance Company (JDIC) of Johnston, Iowa. The outlook assigned to both ratings is stable. The rating actions reflect …
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that Craig Thomson will be joining its principal operating subsidiary, Zenith Insurance Co., as executive vice president. He will be responsible for building and leading Zenith’s non-workers’ compensation property and casualty operation …
Proposed cuts in the agreement crop insurers have with the federal government would likely reduce reinsurers’ expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or scaling back their capacity, according to …
A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb” of Producers Agriculture Insurance Group (ProAg) and its members, Producers Agriculture Insurance Company and Producers Lloyds Insurance …
