Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern Europe from Ireland to Russia over the weekend of …
First Acceptance Corporation, a provider of non-standard personal automobile insurance, announced it has acquired the assets of San Marcos, Texas-based HCS Claims Service Inc. dba Heritage Claims Services Inc., and LGNP Enterprises Inc. dba America’s Low Cost Insurance Agencies. Under …
When six insurers,* led by Swiss Re, agreed to back Lloyd’s Central Fund with £500 million, with a maximum for any one year of £350 million (around $500 million at the time – $650 million currently) it seemed unlikely that …
Oregon Attorney General Hardy Myers announced the filing of a stipulated general money judgment and permanent injunction against an Oregon Coast wood artist, who allegedly took money from Oregon residents and tourists for specialty timber products and never provided the …
A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Al Mohandes Insurance Company (Mohandes) (Egypt). The outlook remains stable. Mohandes’ prospective risk-adjusted capitalization is likely to remain solid. The company’s recently announced share issue (one …
At least 10 people were killed and many more injured Wednesday morning outside of Los Angeles as two trains collided. According to authorities, a suicidal man parked his vehicle on the tracks, causing the commuter train collision. The man, who …
The Association of California Insurance Companies (ACIC) is fighting on two fronts against a proposed Dept. of Insurance regulation that would unfairly force many Californians to pay more than they should for homeowners insurance. “The regulation, now before the courts …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited Diversified Ag Services Inc. for exposing workers to fall hazards at the company’s bulk fertilizer warehouse in Albany, Georgia. The agency is proposing penalties totaling $51,250. “Falls are …
Agriculture Secretary Dennis Wolff this week announced that the Pennsylvania Department of Agriculture will award $2 million in assistance to the state’s producers to make crop insurance more affordable during the 2005 crop year. Applications or changes must be completed …
Texas Gov. Rick Perry has requested that the U.S. Department of Agriculture’s (USDA) Farm Service Agency provide disaster relief assistance for Colorado and Wilbarger counties, where farms and ranches experienced damage due to a series of severe storms that swept …