Iowa Gov. Chet Culver on June 27 announced the creation of a 15-member task force that will focus on rebuilding after this month’s record flooding. Culver said the disaster is one of the 10 worst in the nation’s history and …
The U.S. Small Business Administration said homeowners, renters, businesses and non-profits in Hinds County have one month left to submit disaster loan applications for damage caused by the severe storms and tornadoes of April 4. The deadline to file is …
The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007. Contributing to the $8 billion, or 49.3 percent, decline in net income in first-quarter 2008, the industry posted …
The Insurance Services Office (ISO) recently released estimated damages for Iowa since it was hit in May by devasting tornadoes and widespread flooding. ISO estimates that tornadoes and floods that have struck Iowa since May 25 have caused $235 million …
Propped up on a pile of debris that used to be a home in Picher, Okla., a door contains a painted message: “NOT DONE.” Six weeks after a massive tornado struck this fading lead and zinc mining town, that sentiment …
Arkansas will receive $1.9 million from the U.S. Department of Labor to create 127 temporary jobs to help with cleanup and recovery in connection with this year’s tornadoes and flooding. Arkansas’ congressional delegation announced the grant June 19. The federal …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of the UK-based Markel International Insurance Company Limited (MIICL) with stable outlooks. Best also affirmed Markel’s Lloyd’s Syndicate 3000 – …
Harris County has had almost twice as many tornadoes reported than any other county in the state according to a recent survey conducted by the Insurance Council of Texas (ICT). Despite its location south of what is referred to as …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of American Agri-Business Insurance Company (AA-BIC), and has removed them from under review with positive …
Officials with the Boy Scouts of America say the Little Sioux Scout Ranch in western Iowa will be closed for the summer following a deadly tornado that hit it on June 11. Four Boy Scouts were killed and nearly 50 …