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AM Best Upgrades Credit Ratings of Federated Mutual
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, …
POSTED APRIL 06, 2026 2:15 PM |
Old Republic Forms New Specialized Property Insurer
Old Republic International Corporation is forming a new operating company, Old Republic Property Inc., to underwrite specialized property insurance products through a national retail broker distribution network, the company announced on Monday. The company will be led by Patrick Hagerty …
POSTED APRIL 06, 2026 2:12 PM |
Vehicle Hits Revelers During Lao New Year Celebration in Rural Louisiana
Several people were injured when a vehicle struck revelers at a parade celebrating the Lao New Year on Saturday in rural Louisiana, authorities said. The driver was quickly arrested and charged with impaired driving, police said. Video shared on social …
POSTED APRIL 06, 2026 2:08 PM |
California Wildfire Almost Fully Contained as Evacuation Orders Lifted
A Southern California wildfire that prompted evacuation orders is now nearly fully contained, according to fire officials. The Springs Fire in Riverside County grew to roughly 4,176 acres, but is now 95% contained. The fire had been just 25% contained …
POSTED APRIL 06, 2026 2:06 PM |
Oklahoma Junior College Sued Over Death of Basketball Player
Lawyers for the family of an Oklahoma junior college basketball player who died after suffering a head injury during a game said Thursday the student had been struck by another player’s elbow and accused the team of not providing proper …
POSTED APRIL 06, 2026 2:04 PM |
EPA, HHS to Monitor Drinking Water for Microplastics and Pharmaceuticals
The U.S. Environmental Protection Agency and Department of Health and Human Services announced that they will monitor the impact of microplastics and pharmaceuticals on drinking water, the first step toward assessing their health risks and shaping new policies. The joint …
POSTED APRIL 06, 2026 1:47 PM |
Old Republic Opens New Company for Specialty Property
Old Republic International Corporation said it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as president. Hagerty …
POSTED APRIL 06, 2026 12:56 PM |
US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is …
POSTED APRIL 06, 2026 12:30 PM |
March Sadness: 20,000 New Englanders Lose Out on $50 Million in Refunds
The University of South Carolina women’s basketball team saved the insurer for a New England furniture company millions of dollars by beating the University of Connecticut team 62-48 last Friday night. At the same time, 20,000 New Englanders missed a …
POSTED APRIL 06, 2026 12:27 PM |
Private Credit Sector Stresses Could Be Catastrophic, but Not Just Yet
Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis. Depending on the time horizon, both sets of views about the esoteric sector may be right. Signs of …
POSTED APRIL 06, 2026 10:47 AM |
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