Month: October 2024

First MainStreet Insurance L.C. (FMSI) announced addition of two new agencies, one in Minnesota and the other in Iowa. Joining in September was Kozlowski Insurance Agency, headquartered in Pipestone, Minnesota and two satellite offices in […]

Exxon Mobil Corp. won the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico, in what will be the largest concession of its kind in the US. The lease granted […]

Johnson & Johnson’s bold move to skirt a US court in New Jersey and seek a potentially friendlier venue in Texas to settle claims its baby powder gave women cancer faces a key decision as […]

It wasn’t immediately clear what chemicals erupted into the air from the Channelview fire. The most anyone knew was that the large plume of black smoke billowing across the late afternoon sky — visible for […]

Michael Vecchio, age 50, of Sioux Center was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and Todd Meendering, age 61, of Boyden was charged with one count of […]

Hurricane Milton made landfall Wednesday night, centered near Sarasota as a Category 3 storm with maximum sustained winds of 120 mph, a less-powerful storm than had been feared but one that brought some storm surge, […]

After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had indicated the bonds would lose as much as […]

WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption. “The current state of affairs might only be one major hurricane away from being upended, […]

A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel bookings, insurance sources and a broker […]

S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S. property/casualty insurers, affecting underwriting margins and earnings. In a report titled “Hurricane Milton: The Implications […]