The U.S. Department of Homeland Security’s Federal Emergency Management Agency issued the following news release:. August 25, the second anniversary of Hurricane Harvey’s landfall along the Texas coast, is a great reminder to buy or renew a policy with the National Flood Insurance Program. When Hurricane Harvey struck the Gulf Coast two years ago, it brought…
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Aug. 22– Every five years, fire officials from multiple agencies collaborate on an update to the Lincoln County and Greater Ruidoso Area Community Wildfire Protection Plan that shows the progress and accomplishments since the last revision. The Ruidoso Village Council and the Lincoln County Commission approved the revised plan at their respective…
A fire last week in an obscure corner of downtown Ontario claimed the Hotpoint clubhouse. The 1:30 a.m. blaze took place Aug. 14. So on Wednesday I drove past the Museum of History and Art to the dead-end of Lemon Avenue, parked and walked a few paces to the Amtrak platform.
NEO Tech and Podimetrics Announce New Manufacturing Partnership in Westborough
SOMERVILLE, Mass. and CHATSWORTH, Calif., Aug. 22, 2019/ PRNewswire/– Podimetrics, a care management company with the leading solution to help prevent costly and deadly diabetic foot ulcers, and NEO Tech, a leading provider of engineering, manufacturing technology and supply chain solutions for brand name OEMs in the industrial, medical and mil/aero markets,…
Aug. 22– Remedy Partners, a Norwalk company that has grown rapidly offering an alternative health insurance product under the auspices of Obamacare, is combining with a Dallas company that covers doctor’s visits to homes, nursing homes and other settings as an alternative to patients traveling to clinics. Both companies backed by New York City- based New…
Aug. 22– Louisiana Insurance Commissioner James Donelon issued a cease and desist order against State Farm in a disagreement over hurricane deductibles before Hurricane Barry. The cease and desist order applies to any policyholder of State Farm who is facing the same situation and disallows the company to collect the larger deductible.
Aug. 22– The Brazilian Minister of the Environment was booed and heckled by activists Wednesday, during a United Nations summit on climate change in northeast Brazil. Conservationists blame the far-right government of Brazil for its role on the record-setting numbers of wildfires in the world’s largest rainforest. Data released this week by a Brazilian…
The bankrupt company is seeking to sell the refinery, the largest on the East Coast, which employed 1,100 people before it shut down abruptly after a June 21 fire and explosion. PES, in a memorandum of understanding with Steelworkers Local 10 -1, said it would provide a“ transition fund” of $2.8 million to be divided equally among union workers who were not kept on as…
WEST BLOOMFIELD– The Ionia Volunteer Fire Co. has been using its new-ish fire truck for some time now. Assembly Minority Leader Brian Kolb, R- Canandaigua, on Thursday presented a ceremonial check for $200,000 to the fire department for the $313,000 truck. Over time, the decision was made to use the money for a different purpose but it is still a long-term…
Atlas Financial Holdings Announces Strategic and NASDAQ Listing Update
Atlas Financial Holdings, Inc. announced today an update with respect to the strategic review announced on March 4, 2019 and April 10, 2019. Focusing Global Liberty Insurance Company of New York’ s resources on New York area business to leverage the subsidiary’ s heritage in this large and specific market. Transitioning other business to alternative markets…
UNITED NATIONS— Russia and the United States blamed each other Thursday for abandoning a landmark arms control agreement on missiles, with Moscow warning of a new arms race and the Trump administration demanding details of a recent mysterious explosion that killed five Russian nuclear engineers. Russia called a U.N. Security Council meeting on the matter…
Best’s Special Report: Preliminary First-Half 2019 Results Show Reduced Underwriting Income for U.S. Property/Casualty Industry
The U.S. property/casualty industry’ s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period. A $432 million increase in net investment income during first-half 2019 offset most of the underwriting decline, resulting in pre-tax operating income remaining unchanged at…
Best’s Special Report: Preliminary First-Half 2019 Results Show Reduced Underwriting Income for U.S. Property/Casualty Industry
The U.S. property/casualty industry’ s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period. A $432 million increase in net investment income during first-half 2019 offset most of the underwriting decline, resulting in pre-tax operating income remaining unchanged at…
Aug. 22– Nathan Carman, testifying in a federal civil lawsuit over the sinking of his boat, was closely questioned Thursday about changes he made to the Chicken Pox before it disappeared off Long Island with his mother aboard in September of 2016.. “I am not trying to be difficult but I am trying to stick with my memory,” Carman told attorney David Farrell, a lawyer for…
AM Best Revises Outlooks to Stable for Antilles Insurance Company
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Antilles Insurance Company. Additionally, the company’ s stable outlooks are driven by the overall improvement in the commercial marketplace in Puerto Rico, largely due to improved rates and tighter terms and…
—A man arrested in the stabbing death of a retired administrator at the California State University, Fullerton campus was a co-worker, police said Thursday. Chuyen Vo, 51, was arrested Wednesday night at his home in Huntington Beach, officials announced at a news conference near the killing scene in a campus parking lot. Vo, whom neighbors said they knew as Chris,…
The Providence Journal delivers accurate, timely news about the moments that matter most. PROVIDENCE– Nathan Carman replaced a bilge pump and removed trim tabs from his 31- foot boat the very day he and his mother disembarked from Ram Point Marina for a fishing expedition in September 2016. The insurers– Boat Owners Association of the United States and National…
The Providence Journal delivers accurate, timely news about the moments that matter most. PROVIDENCE– Nathan Carman replaced a bilge pump and removed trim tabs from his 31- foot boat the very day he and his mother disembarked from Ram Point Marina for a fishing expedition in September 2016. The insurers– Boat Owners Association of the United States and National…
AM BestTV: Strong Solvency II Ratios Typically Mirrored by Strong BCAR Ratios, Says AM Best Director
Prince discussed a new Best’ s Special Report that compared the output from the two models, focusing on AM Best-rated European insurers. Still, Prince highlighted the similarities and differences between the two models. There were very few companies where that was not true,” said Prince.“ As for the differences, since these are two different data sources, under…