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Official Figure on Insured Losses for 2018 California Wildfires Reaches $9B
The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now. California Insurance Commissioner Dave Jones on Wednesday released official figures for losses from the Camp Fire in Northern California and the Woolsey …

POSTED DECEMBER 12, 2018 7:09 PM
AM Best Downgrades Ratings of Mercury in California, Wildfires a Factor
AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los Angeles, Calif.-based Mercury Casualty Group. The record wildfires …

POSTED DECEMBER 12, 2018 6:41 PM
Refreezing Still Threatens Roads After Southern Snowstorm
Seesawing temperatures across several southern states were gradually melting snow from a wintry storm, but also “transforming slushy roads into treacherous ice,” one governor warned Tuesday. Scores of schools in Virginia and North Carolina were closed for a second day, …

POSTED DECEMBER 12, 2018 5:59 PM
Wet Harvest Leads to $77M Loss for Arkansas Soybean Farmers
Agriculture experts say Arkansas soybean farmers have lost at least $77 million this year after heavy rainfall interrupted harvest season and damaged the quality of the crop. The Arkansas Democrat-Gazette reports that University of Arkansas researchers found that wet conditions …

POSTED DECEMBER 12, 2018 5:36 PM
June 20 Still the Cut Off Date for Dicamba Use in Minnesota
Minnesota is maintaining its June 20 cutoff date for farmers to use the herbicide dicamba, which has been blamed for drifting and damaging neighboring soybean fields. The Minnesota Department of Agriculture imposed the cutoff for 2018 after getting 253 reports …

POSTED DECEMBER 12, 2018 5:34 PM
Texas Agency, The Nitsche Group, Named to Baylor’s Family Business Hall of Fame
The Nitsche Group, an independent insurance agency headquartered in Giddings, Texas, has been inducted into the Hall of Fame during this year’s Family Business of the Year Awards Program hosted by Baylor University. The Nitsche Group is among only two …

POSTED DECEMBER 12, 2018 5:32 PM
4K Texas Businesses Share $3M in Early Qualifier Dividends from Texas Mutual
Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., has paid more than $3 million in early qualifier dividends to approximately 4,000 newer policyholder owners across the state. This payout is the final component of the company’s $280 million record dividend …

POSTED DECEMBER 12, 2018 5:26 PM
Alera Group Acquires Ohio Employee Benefits Firm, Bailey & Company
Alera Group has acquired Bailey & Company, an employee benefits firm headquartered in Cincinnati, Ohio. Terms of the transaction were not disclosed. Bailey & Company specializes in a wide variety of employee benefit programs. The firm helps its clients – …

POSTED DECEMBER 12, 2018 5:23 PM
‘Ineffective’ Safeguard Cited in Husky Oil Refinery Blast in Wisconsin
An “ineffective” safeguard failed to prevent an explosive mixing of air and fuel at a Husky Energy refinery in Superior, Wisconsin, leading to a blast and fire in the plant’s gasoline-producing unit in April, a U.S. industrial safety group says. …

POSTED DECEMBER 12, 2018 5:19 PM
PG&E Gives Details on Tower Damage at Heart of California Fire Probe
PG&E Corp. revealed that on the day California’s deadliest and most destructive wildfire started, its workers saw damage and a fire near one of its transmission towers, which are the focus of investigations and a lawsuit as a possible ignition …

POSTED DECEMBER 12, 2018 4:02 PM

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