Nebraska News

More Nebraska Beef Recalled Despite Assurances

Federal authorities last month assured consumers that a meat plant linked to nearly 50 illnesses caused by tainted ground beef had made enough changes after a recall to ensure that its products were safe. Less than a month later, the …

Ratings Recap: Hanover, Assurant, Wadena/IMT, Berkshire Hathaway, Finial

A.M. Best Co. and Standard & Poor’s Ratings Services have both reacted positively to The Hanover Insurance Group’s (THG) announcement that has reached agreement to sell its remaining run-off life insurance business. Best said it sees no change in any …

Nebraska Notes Changes to Producer Licensing

The Nebraska Department of Insurance issued a notice to insurance agents that it has adopted uniform producer licensing measures for reciprocity reasons. The department’s announcement stated that producer lines of authority issued in prior years that are no longer consistent …

Midwest States High on List for Numbers of Tornadoes

While a rural area to the northeast of Denver, Colo., tops the nation when it comes to metropolitan areas most prone to tornadoes, Texas leads the states in the average total number of tornadoes per year in the continental United …

Tornado Threats Loom Large as Flood Waters Recede

Much has been written in the last six weeks about the 2008 Midwest Flood. Many are saying the devastation will rival the Great Flood of 1993, and that the crop damage will affect the food supply of this country. While …

Figures

$100,000 Many property owners suffered large losses in the June 2008 flooding event in southern Wisconsin. But few lost a fleet. James Pritzlaff’s collection of classic cars is still under about four feet of water that overflowed from Lower Genesee …

Appeals Court Dismisses Nebraska Crop Insurance Company’s Lawsuit

A federal appeals court has dismissed the remaining portions of a lawsuit filed by a Nebraska crop insurance company against the Federal Crop Insurance Corp. American Growers Insurance Co. filed a lawsuit against FCIC in November 2001 in U.S District …

N.H. Modifies Producer, Adjuster Licensing Law, Fees

New Hampshire officials announced changes in licensing fees for insurance producers and adjusters that include a single $210 application and license fee for initial producer licensing replacing what used to be two separate fees. The producer licensing renewal fee remains …

Number of Illinesses Tied to Nebraska Beef May Grow

The number of cases involved in the E. coli outbreak that prompted Nebraska Beef Ltd.’s recall of 5.3 million pounds of beef could grow. So far 41 illnesses in Michigan and Ohio have been linked to Nebraska Beef’s products. The …

A.M. Best Affirms ‘A’ Rating of Lloyd’s

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited. A.M. Best said it believes that underwriting discipline at Lloyd’s is likely …