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News – Insurance Journal
World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads
A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses. After the …
POSTED FEBRUARY 19, 2020 10:26 PM |
United Fire in Iowa Reports 4Q Earnings Loss
United Fire Group Inc. on Tuesday reported a loss of $23.2 million in its fourth quarter. On a per-share basis, the Cedar Rapids, Iowa-based company said it had a loss of 93 cents. Losses, adjusted for investment gains, were $1.04 …
POSTED FEBRUARY 19, 2020 8:44 PM |
Salvage Firm Wants Judge to Halt Removal of Capsized Cargo Ship in Georgia
A maritime salvage company is asking a federal judge to stop the Coast Guard and a rival firm from carrying out their plans to remove a cargo ship that overturned five months ago on the Georgia coast. The multiagency team …
POSTED FEBRUARY 19, 2020 5:39 PM |
Soggy Neighborhoods Under Flash-Flood Warning in Mississippi
Forecasters expected more heavy rains in parts of the flood-ravaged South on Tuesday, prolonging the misery in neighborhoods surrounded by water. Some of the hardest-hit areas were under a flash flood watch, as the National Weather Service said as much …
POSTED FEBRUARY 19, 2020 5:32 PM |
4Q Earnings Briefs: Trupanion, United Fire, Fidelity National
Trupanion Trupanion Inc. (TRUP) reported fourth-quarter net income of $636,000, after reporting a loss in the same period a year earlier. The Seattle-based company said it had profit of 2 cents per share. The results surpassed Wall Street expectations. The …
POSTED FEBRUARY 19, 2020 4:09 PM |
Refinery Fire Doused in South Texas, No Injuries
A fire at a Citgo refinery in in Corpus Christi, Texas, has been extinguished with no injuries, according to the petroleum company. The fire began in a pipeline owned by a third party shortly after 8:30 a.m. on Monday and …
POSTED FEBRUARY 19, 2020 3:40 PM |
Fire Destroys 3 Businesses in Busy South Dakota Town
Three downtown businesses in a small southwestern South Dakota community have been lost in a fire, according to the city’s mayor. The Vault restaurant, China Buffet and the Quilt Shop were burned in the massive fire in Hot Springs, Mayor …
POSTED FEBRUARY 19, 2020 3:37 PM |
Everest Insurance Adds 4 Underwriters to E&S Casualty Excess Group
Everest Insurance has added four underwriters within its Excess & Surplus Casualty Excess group. The new members of the group include: Kelly Doyle, who joins Everest as a senior underwriter based in the company’s Chicago office. Most recently, Doyle worked …
POSTED FEBRUARY 19, 2020 3:30 PM |
Insurance Underwriter Enters Race for Montana State Auditor
A third Republican said that he will run for the party’s nomination for Montana state auditor. Scott Tuxbury is an insurance underwriter who has worked to bring new insurance companies to Montana and design new insurance programs, he said in …
POSTED FEBRUARY 19, 2020 3:30 PM |
Icy Roads Caused Dozens of Crashes in Utah
Icy roads caused multiple crashes and temporary highway closures in Utah on Monday, officials reported. There were at least 84 crashes statewide Monday morning since midnight, according to the Utah Highway Patrol. Most were in northern Utah. I-15 and U.S. …
POSTED FEBRUARY 19, 2020 3:29 PM |
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