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AM Best Downgrades Credit Rating of Texas Farm Bureau Insurance Group AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of Farm Bureau County Mutual Insurance Company of Texas and Texas …
POSTED APRIL 24, 2024 4:17 PM |
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast—Fisher Brown Bottrell Insurance, Inc. Marsh McLennan Agency will pay $315.9 million in cash, subject to customary purchase …
POSTED APRIL 24, 2024 4:14 PM |
Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has painted a picture …
POSTED APRIL 24, 2024 3:20 PM |
Oakbridge Adds Strawn & Co. in Georgia Atlanta-based OakBridge Insurance Agency has continued its rapid expansion with the acquisiton of Strawn & Co., headquartered in McDonough, Georgia, south of Atlanta. Strawn is one of the Atlanta area’s oldest and largest independent insurance agencies and has been in …
POSTED APRIL 24, 2024 3:16 PM |
Workers’ Comp Apportion Evals Must be Well-Reasoned, WV Supreme Court Says West Virginia law, like statutes in a number of states, allows employers to try and apportion contributions to a worker’s injury, including how much a pre-existing condition may have played a role. The employer/insurer holds the burden of proof. In …
POSTED APRIL 24, 2024 2:51 PM |
Chamber of Commerce Sues to Block FTC’s Non-Compete Ban Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a complaint …
POSTED APRIL 24, 2024 2:14 PM |
FAU Gets Grant to Study Seaweed Harvesting, Just as Blobs Approach South Florida Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the economic impact on Florida beaches. The FAU Harbor Beach Oceanographic Institute this month announced the …
POSTED APRIL 24, 2024 12:56 PM |
District of Columbia AG Settles With NRA Over Alleged Violations of Nonprofit Law District of Columbia Attorney General Brian L. Schwalb last week announced a resolution of his office’s lawsuit against the National Rifle Association (NRA) and the NRA Foundation that alleges misuse of nonprofit funds and other violations of the District’s Nonprofit …
POSTED APRIL 24, 2024 12:53 PM |
Jury Weighing Military Contractor’s Claim of Immunity for Abu Ghraib Abuse A lawyer for the military contractor being sued by three survivors of the notorious Abu Ghraib prison in Iraq told jurors Monday that the plaintiffs are suing the wrong people. “If you believe they were abused … tell them to …
POSTED APRIL 24, 2024 12:37 PM |
New Hampshire to Receive $20M Grant to Help Reconstruct Eroded Seawalls New Hampshire is getting a $20 million federal grant to help reconstruct coastal seawalls eroded by storms and flooding and received a disaster aid declaration to recuperate costs from a storm in January, officials said Monday. The grant, announced by …
POSTED APRIL 24, 2024 12:20 PM |
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