AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Pekin Select Insurance Co. (PSIC), headquartered in Pekin, Ill., a subsidiary of Pekin Insurance Group (Pekin). The outlook is stable. …
Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, is partnering with The Woodlands, Texas-based Cudd Pressure Control Inc., through its Cudd Well Control division, on energy-focused insurance products. Cudd Well Control will provide the …
Understory, a Madison, Wisconsin-based provider of insurance products and services focused on climate change, has appointed Neil Irwin as chief strategy officer. Irwin will help drive the company’s strategic planning efforts, including expansion into high-growth markets, development of industry partnerships …
Openly, based in Boston, is now offering its homeowners insurance products and services in Wisconsin. More than 500 independent agents across the state can now access Openly’s technology that simplifies the homeowners insurance process, providing a quote in just 15 …
High Street Insurance Partners (HSIP), a full-service insurance brokerage platform of the private equity firm, Huron Capital, has acquired Vested Risk Strategies Inc. (Vested), based in Hillsdale, Michigan. Founded in 1928, the full-service insurance agency changed its name to Vested …
As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. FEMA reported that 35% of Louisiana NFIP flooding claims came from …
Cargill is permanently halting operations at a Louisiana salt mine where a roof collapse in mid-December killed two workers, the company announced, and will close the site by 2024. According to a statement issued by the company, Cargill was already …
Dana Bjornson has been appointed chief financial officer at Kansas City-based Lockton’s digital insurance broker, Mylo. Bjornson brings over 25 years of financial innovation, including leading new business development and mergers and acquisitions. He previously served as executive vice president, …
Gov. Greg Abbott, looking to show an early contrast with President Joe Biden, visited the Permian Basin on Jan. 28 and announced a series of steps the state would be taking to push back against the new Democratic administration when …
Minnesota House Democrats have teamed up with meatpacking workers to announce legislation that would protect individuals who work at statewide meatpacking and food processing plants amid the coronavirus pandemic. The bill, authored by Rep. Dan Wolgamott, of St. Cloud, would …