Forecasters will test a new technique this summer that provides a detailed 3-D view of an approaching hurricane every six minutes and allows them to determine whether the storm is gathering strength as it nears land. The technique, developed by …
Risk Management Solutions has withdrawn a short-term, five-year hurricane forecasting model submitted for approval to Florida officials after being told the model did not meet required standards. Mitch Sattler, RMS vice president for public policy, said representatives of the Florida …
The damage wrought by drunk minors could soon be the responsibility of adults. The Legislature gave first-round approval this week to a bill (LB 573) that would make adults who sell or give booze to underage drinkers liable for damages …
Standard & Poor’s Ratings Services has assigned its ‘BB+’ senior secured debt rating to the $90 million series 1 class A principal at-risk variable-rate notes and the $30 million series 1 class B principal at-risk variable-rate notes issued under the …
Fitch Ratings has affirmed the “AA-” insurer financial strength (IFS) rating of the American Family Insurance Group, and has also affirmed the ‘F1’ commercial paper (CP) rating of American Family’s consumer finance subsidiary, American Family Financial Services, Inc. (AFFS). The …
A.M. Best Co. has downgraded the financial strength rating (FSR) to “B+” (Good) from “A-” (Excellent) and issuer credit rating (ICR) to “bbb-” from “a-” of Merchants Insurance Company of New Hampshire, Inc. As a result Best removed the ratings …
The Louisiana Department of Insurance announced that a Baton Rouge-area bail bond agent has been arrested and issued a cease and desist order and summary suspension of his insurance license for allegedly misappropriating insurance premiums in three parishes. Adrian Remand …
A pair of Texas men face a variety of charges after Louisiana authorities say they stole identities and defrauded businesses in three states of more than $1 million. Michael McDowell, 30, and Jason Mark Freeman, 31, both of Dallas, are …
Oklahoma Insurance Commissioner Kim Holland told members of a U.S. Senate committee recently that federal law is impeding the ability of insurance commissioners to protect the elderly who buy Medicare managed care plans. In testimony before the Senate Special Committee …
A judge in Little Rock, Ark., has granted class status in a federal lawsuit against Wal-Mart Stores Inc. in which the company is accused of discriminating against black applicants for jobs driving Wal-Mart trucks. In his ruling, U.S. District Judge …