State regulators say mutual insurance companies that provide property coverage to rural Missourians will be financially stronger because of a new reinsurance requirement. Missouri Department of Insurance reports that a new state regulation requires each farm mutual to carry enough …
Lockton has added Don Glazier and Michael Schmitt in the insurance broker’s Chicago operation. Glazier joins Lockton Financial Services Practice as vice president and claims’ counsel. Schmitt joins the Global Technology and Privacy Practice as AVP and account executive. Lockton …
U.S. health regulators said cantaloupe from Chamberlain Farms in Indiana may be one source of a multi-state outbreak of salmonella that has killed two people and sickened some 178 in the past month. The farm in Owensville in southwest Indiana …
A school district in California’s Central Valley is putting teens’ health at risk by failing to provide students with information about condoms and contraception, two parents and a coalition of groups said in a lawsuit filed Tuesday over the district’s …
A weak earthquake has hit the Colorado mountains. The National Earthquake Information Center says the quake Tuesday afternoon registered a preliminary magnitude of 3.3. It was centered north of Basalt and south of Gypsum. A magnitude-3.3 quake generally isn’t expected …
Gov. Susana Martinez’s administration is proposing a 15 percent increase in premiums for health insurance covering about 73,000 state and local government workers and their dependents. General Services Department spokesman Tim Korte said Tuesday the agency will ask the Legislature …
Southport Lane, a New York-based private equity firm, has appointed Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. In this new position, McNichols will be responsible for supporting reinsurance underwriting and directing quantitative risk analytics, as …
Record-setting droughts in the U.S. Midwest throughout 2012 are likely to result in substantial gross insured losses for crop insurers and reinsurers and possibly their first overall loss in 10 years, says Moody’s Investors Service in a profile of the …
A couple who each lost a leg when their motorcycle was struck by a teenager who was driving and texting have settled their lawsuit against him for $500,000, their lawyer says. The settlement amount for David and Linda Kubert from …
USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not disclosed. USI said the …
