Flooding that struck Iowa State University in August caused up to $50 million in damage and other costs, but the school started fall classes on time and won’t have to replace any of the major campus facilities that sustained damage, …
Medical professional liability insurance provider, MMIC Group, recently announced its entry into the Kansas/Missouri marketplace. According to MMIC President and CEO Bill McDonough, “As consolidation of healthcare continues to occur, many of our existing clients are crossing state borders. It …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior unsecured debt rating to W.R. Berkley Corp.’s (WRB) proposed issue of $300 million of 5.375 percent senior unsecured notes, which are due in 2020. “WRB will use the net proceeds …
A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state. Current laws set minimum liability limits for bodily injury at $15,000 per person and $30,000 for a group of …
K&K Insurance, based in Ft. Wayne, Ind., named Todd Bixler president and CEO. Bixler joined K&K Insurance in 1986 as controller, responsible for financial reporting and accounting operations. His subsequent positions of increasing responsibility with K&K included chief financial officer, …
476 City officials in Cedar Rapids, Iowa, are trying to salvage 476 of the “least-badly” damaged homes that flooded in Cedar Rapids, Iowa, in 2008 by offering them to builders and nonprofit groups for free. The homes are among the …
When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his firm’s death in 2008. Ken Lay …
In Pascagoula, Miss., on the Gulf Coast, agent Laverne Nelson has to get windstorm coverage for her personal property from the state wind pool. That is because in April her property insurer, MetLife, dropped her wind coverage. Before that, she …
The parents of a slain Waterloo girl will receive $103,000 in a settlement of their wrongful death lawsuit against the city. The Waterloo-Cedar Falls Courier reported that the city’s liability insurance carrier, Travelers Co., agreed to pay Adonnis Hill and …
Senator Kirsten Gillibrand (D-N.Y.) is proposing a federal law that would force grocery stores to notify shoppers about food recalls. Gillibrand said Sunday that under her bill, stores that sell recalled food would be required to post notices in the …
