President Barack Obama proposed reducing the most expensive part of the farm safety net by cutting the subsidy to farmers for buying crop insurance. At present, the government pays 62 cents of every $1 of insurance premium. Farmers collected a …
Dryad Maritime, a UK-based commercial maritime intelligence company, has welcomed the Japanese government’s plans to submit legislation that will permit the carriage of armed guards on Japanese-flagged vessels. The company cited a report in the Japan Times last week, which …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR of “bbb” and debt ratings of the …
A.M. Best Co. announced it has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to “bb” from “bbb-” of workers’ compensation insurer LEMIC Insurance Co. (LEMIC) of Baton Rouge, La. Both ratings have …
Cincinnati, Ohio-based insurance holding company, American Financial Group Inc. has promoted Michelle A. (Shelly) Gillis to senior vice president. Since March 2012, Gillis has served as vice president and chief administrative officer of the company with responsibilities for human resources, …
A security company being sued over the 2010 theft of $60 million worth of pharmaceuticals from a warehouse in Connecticut owned by Indianapolis, Ind.-based Eli Lilly and Co. insists there is no proof the thieves used a report it prepared …
The Independent Insurance Agents and Brokers of America (IIABA) announced that Chicago-based managing general agent Donald Gaddis Co. Inc. has joined the Trusted Choice consumer branding program for independent insurance agents and brokers. Donald Gaddis Co. Inc. is an independent, …
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has formed a specialty marine, energy and construction unit within its US Insurance business, led by Anthony S. Carroll who has been named executive vice president. The unit complements Aspen …
Hundreds of homeowners living near the Waldo Canyon burn area in Colorado Springs are gearing up for more flooding this spring. Officials say the risk of flooding has increased nearly four-fold as a result of environmental damage to the burn …
A jury has awarded $26 million to the families of three people killed when a small plane crashed near Arlington, Wash. in 2008. The single-engine Cessna went down en route from San Juan Island to Auburn when its engine failed. …
