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Two Years After Hurricane Harvey, Flood Insurance Payouts Near $9B

August 23, 2019

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…

Keeping fire at bay: Village and county approve updated wildfire protection plan

August 23, 2019

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…

History in flames, as former Hotpoint clubhouse burns in Ontario

August 23, 2019

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.

August 23, 2019

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,…

Norwalk insurance innovator to combine with TX firm

August 22, 2019

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…

State Farm Receives Cease And Desist Order Over Hurricane Barry Deductibles

August 22, 2019

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.

Brazil’s environment minister heckled at climate change meeting

August 22, 2019

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…

Fire-damaged, idled Philly refinery to retain 83 workers as ‘caretakers’ while seeking new owner

August 22, 2019

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…

Ionia gets state help to pay for fire truck

August 22, 2019

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…

August 22, 2019

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…

US and Russia blame each other for abandoning missile treaty

August 22, 2019

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…

August 22, 2019

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…

August 22, 2019

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…

Nathan Carman faces questioning about changes he made to Chicken Pox before boat sank off Long Island

August 22, 2019

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…

August 22, 2019

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…

Life Insurance Salesman Arrested In California Campus Killing

August 22, 2019

—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,…

Nathan Carman tells of boat repairs just before fishing expedition

August 22, 2019

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…

Nathan Carman tells of boat repairs just before fishing expedition

August 22, 2019

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…

August 22, 2019

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…

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