People Lockton Companies recently named Kevin McDaniel as president of its St. Louis office. McDaniel succeeds Whity Meyer, who was named chairman. McDaniel joined Lockton more than 10 years ago as a producer and most recently has been an executive …
State Insurance Regulators Lend Conditional Support to Federal Office
State insurance commissioners told Congress that they could live with a proposed federal office of insurance information, particularly to target international issues, provided it does not preempt state consumer and solvency safeguards. On behalf of the National Association of Insurance …
Best Affirms Hanover Group’s Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Hanover Insurance Group Property and Casualty Companies of Worcester, Mass. and its members. Best also affirmed the ICR of …
Officials Say Ohio Grown Tomatoes Not Part of Safety Alert
Government food inspectors say Ohio-grown tomatoes are still safe to eat. The U.S. Food and Drug Administration says Ohio tomatoes are not part of a salmonella outbreak linked to three types of raw tomatoes. McDonald’s, Wal-Mart, Burger King, and Kroger …
Tornado Hits Iowa Boy Scout Camp, 4 Killed, 48 Seriously Injured
Adding insult to already enough injury–Iowa was hit again on June 11 with another round of deadly storms. This tornado roared through a remote camp area hitting the Little Sioux Boy Scout camp in Western Iowa. Although a siren went …
Ratings: Willis, Erie, Farmers-Flemington, Am. Resources, Am. General, Stnd. Mutual, Wisconsin County
Fitch Ratings has placed its ratings on Willis North America Inc. (WNA) and Willis Group Holdings Ltd. (Willis) on its rating watch negative list. Fitch said its rating action follows the announcement that Willis has agreed to purchase all outstanding …
Iowa Storms Yield $160 Million in Insurance Claims
Storms that hit Iowa during the Memorial Day weekend have led to about $160 million in claims, according to an insurance information company. The New Jersey-based Insurance Services Office’s property claims unit estimated about 10,000 claims have been filed with …
American Family Says Losses in Midwest $143 Million Since May 1
One insurance company based in the Midwest says weather-related losses are adding up quickly. Madison, Wis.-based American Family Insurance Company says that claims are mounting in the Midwest since tornados, windstorms, hail and flooding have hit the multi-state area all …
Storms Cause Flooding in Indiana, Damage in Wisconsin and Illinois
The death toll now stands at eight in the Midwest as tornadoes, severe thunder storms and flooding hit Indiana, Illinois and Wisconsin over the last five days. The forecast for all three states call for more of the same. Storms …
Willis Buying HRH for $2.1 Billion; Conference Call Today
Willis Group Holdings Ltd. announced that the company has agreed to buy Virginia-based rival Hilb Rogal & Hobbs Co., according to a statement late on Sunday. Willis said the $2.1 billion deal would double its “North American revenues and strengthen …
