Already equivalent to a Category 4 hurricane with maximum 10-minute sustained winds of 115 knots (212 km/h, 132 mph), super typhoon Meranti is expected to strengthen during the next few days and then make landfall on the coast of Fujian …
The 11-year hurricane drought in Florida is officially over. While preliminary damage estimates and claims are still trickling in from Hurricane Hermine, Florida’s first named hurricane since 2005, the consensus from the insurance industry is it could have been a …
A.M. Best has affirmed the financial strength rating (FSR) of B (Fair) and the long-term issuer credit rating (ICR) of “bb+” of Farmers Mutual Fire Insurance Co. (Farmers) in Okarche, Okla. The outlook for the long-term ICR has been revised …
Tony Garcia has joined insurance broker and risk management provider, Marsh, as head of its Houston office. Garcia joins Marsh from Lockton where he most recently served as an executive vice president and member of its Houston Executive Operations Group. …
The National Weather Service is confirming that at least four tornadoes swept through east-central Illinois. Personnel from the weather service’s Lincoln office are surveying damage Saturday in Champaign and Vermillion Counties. They don’t yet have details on the intensity of …
The state Bureau of Workers’ Compensation has awarded two Ohio universities with money to research occupational health and safety. The grants support research in how injuries can prevented in the workplace and ways to improve the health and productivity Ohio’s …
Indiana Gov. Mike Pence says the U.S. Small Business Administration has approved low-interest disaster loans for tornado-stricken Howard County. Pence said that the contiguous counties of Cass, Carroll, Clinton, Tipton, Grant and Miami also qualify for the loans. Residents, businesses …
Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief executive officer said. “PartnerRe was an example of a …
Confie, a national provider of personal and commercial lines insurance, has acquired the BMR Agency LLC dba First Stop Insurance in Washington Park, Ill. First Stop Insurance specializes in non-standard auto insurance. The acquisition is one of three recently announced …
The August 2016 flooding in Louisiana caused an estimated $8.7 billion in damage to residential and commercial properties, according to Louisiana Economic Development. Damage to businesses in the state has exceeded $2 billion, according to a report commissioned by LED, …
