A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of American Agri-Business Insurance Company (AA-BIC), and has removed them from under review with positive …
Iowa lawmakers are making arrangements for a near-certain special session to address flooding damage across the state, and some say an increase in the state’s gas tax may be on the table. Senate Majority Leader Michael Gronstal, a Council Bluffs …
Three former and current employees of the Camp Lejeune, N.C. Fire Department alleged that smoke detectors and fire alarms are not being inspected and maintained at the base, putting Marines and others at risk. The employees reported widespread maintenance problems …
Willis Group Holdings Limited appointed Gerry McCarthy as senior vice president, and regional director of construction and real estate claim teams of Willis of New York Inc. McCarthy’s responsibilities include developing risk-transfer and claim resolution strategies. He brings more than …
XL Insurance (“XLI”), the global insurance operations of XL Capital Ltd (NYSE:XL) , launched a new green building product to encourage customers who experience a property loss to rebuild using resource efficient, environmentally friendly materials. XLI’s Sustainable Property Endorsement is …
Police in New York say 13 people staged minor car accidents to get thousands of dollars’ worth of unnecessary medical treatment from four Bronx clinics. The 13 people were arrested Tuesday on insurance fraud and grand larceny charges stemming from …
The Federal Emergency Management Agency has rescinded maps declaring a large swath of downtown Washington and the National Mall a flood zone after city officials pledged to have a stronger levee system in place by late next year. The new …
Marsh announced the appointment of Angus Cameron as CFO of Marsh UK. He will join Marsh on August 18 and will report both to Martin South, CEO of Marsh UK and Marc Vassanelli, CFO of Marsh in Europe, the Middle …
Marsh has released key findings from its Financial Institutions – Captive Benchmarking Analysis report, to be published in September. The bulletin described the study as the “most in-depth review of the use of captive insurance companies by global financial institutions.” …
The United States and China wrapped up two days of talks on Wednesday under a so-called “strategic economic dialogue” set up two years ago to ease tensions over trade and economic issues. They reported the following results. INVESTMENT TREATY NEGOTIATIONS: …
