The effects of the widespread peanut butter recall could cost rural America’s peanut producers $1 billion in lost production and sales, according to testimony at a House subcommittee hearing. That could be just the beginning, the head of the Georgia …
Mary Squires, a former Democratic state lawmaker who now lobbies for the self-insurance industry, is running to be Georgia’s next insurance commissioner. Squires is the first candidate to enter the race to succeed John Oxendine, the Republican incumbent who is …
$35 Million The latest estimate of damage in Georgia from last month’s tornadoes. Commissioner John Oxendine said more than 100 homes, a private school, Southwestern State Hospital and commercial agricultural buildings were hit.Oxendine says Thomas County by far had the …
The damage estimate from last week’s tornadoes is now more than $35 million based on new observations in southwest Georgia by the state insurance commissioner. Commissioner John Oxendine said after a tour that at least $10 million in damage occurred …
Hiscox is now offering inland marine insurance to the U.S. market and has hired Steve Silverman to lead this initiative. Hiscox said it will be underwriting both individual risks inland marine risks and programs. Steve Silverman, vice president, joined Hiscox …
Insurers seeking to write property coverage for equipment sales and rental operations now have access to a new set of standardized policy forms and coverage schedules for doing so. The American Association of Insurance Services (AAIS) is adding a new …
Could Reduce Agent Commissions, But Create New Insurance Categories The Food, Conservation and Energy Act of 2008 (the Farm Bill) authorizes farm programs for the next five years. The Act’s provisions encompass a range of issues, including commodity price supports, …
Review Exposures, Values and Maximize Insurance Value to Ensure Satisfied Farm Customers Thanks in part to commodity prices that are still higher than average and, thankfully, less volatile than in 2008, the agricultural economy has not yet felt the same …
Catastrophe risk modeling firm AIR Worldwide has updated its insured loss estimates of property losses in France from winter storm Klaus to between 500 million and 1 billion Euros. These losses represent damage to buildings and contents of onshore residential, …
Russia will likely see more forest fires, droughts and floods in the coming century due to global warming, and policy makers need to prepare for large-scale change, scientists warned in a report released Wednesday. It also said Russia, famous for …
