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Documents Reveal Extent of 2019 Georgia Coast Cargo Shipwreck
When the giant cargo ship began to tip over off the Georgia coast, harbor pilot Jonathan Tennant found himself on his side, screaming orders in the darkness while flying debris that felt like gravel pelted him. After much of the …
POSTED AUGUST 03, 2021 8:00 AM |
AM Best Assigns ‘A’ Rating to International General Insurance Co. (Europe) SE
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Malta-based International General Insurance Co. (Europe) SE. The outlook assigned to these credit ratings is stable. The company is …
POSTED AUGUST 03, 2021 7:50 AM |
Generali’s Operating Profit Increases 10.4% During First Half
Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance across all business sectors to slightly beat first-half expectations. Operating profit rose 10.4% to 3 billion euros ($3.6 billion) versus …
POSTED AUGUST 03, 2021 7:26 AM |
295K Pounds of Raw Beef Recalled by Nebraska Meat Processor
An Omaha, Nebraska, meat processor has recalled more than 295,000 pounds of raw beef products that may be contaminated with E. coli. The U.S. Department of Agriculture’s Food Safety and Inspection Service announced Greater Omaha Packing’s recall. The beef products, …
POSTED AUGUST 03, 2021 6:42 AM |
N.M. Gas Stations Can Be Sued for Selling to Drunken Drivers
Gas station retailers are reeling from a recent New Mexico Supreme Court decision that finds the stores can be held civilly liable for selling gas to intoxicated drivers. The July ruling could have major ramifications for service stations and other …
POSTED AUGUST 03, 2021 5:34 AM |
Confie Acquires ASAP Insurance in Texas
Huntington Beach, California-based personal lines insurance distribution company, Confie, acquired ASAP Insurance in Texas. With the acquisition of ASAP Insurance, the company broadens its presence in Texas. ASAP stores will join Confie’s standard and personal lines brand structure and be …
POSTED AUGUST 03, 2021 5:04 AM |
Forgotten Oil and Gas Wells Lingering, Leaking Toxic Chemicals
Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. The corroded skeletons are all that remain of hundreds of abandoned oil wells that were drilled long before her family owned the land. The …
POSTED AUGUST 03, 2021 5:01 AM |
People Moves: Capital Insurance Adds Okelberry, Ebnet, La Porta to Leadership Team
Capital Insurance Group in California has promoted three members of the senior leadership team: Kevin Okelberry, Tammy Ebnet and John La Porta. Okelberry has been promoted to vice president and chief underwriting officer. Okelberry will lead the underwriting, product, field, …
POSTED AUGUST 03, 2021 5:00 AM |
Infrastucture Bill Includes Safety Technology Mandates for Cars, Trucks
New cars will be required to have technology to detect drunk drivers and a system to keep children from being accidentally left in vehicles on hot days under a series of long-sought safety measures included in the infrastructure bill awaiting …
POSTED AUGUST 03, 2021 5:00 AM |
Insurtech Attracts $15.5M to Its Commercial, High Net Worth Flood Insurance Platform
Colorado-based reThought Insurance, a managing general agency focused on the flood insurance market, has secured $15.5 million in investment to accelerate its growth. The company currently writes flood coverage for complex mid-tier commercial risks and high net worth properties but …
POSTED AUGUST 03, 2021 5:00 AM |
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