AM Best has assigned a Financial Strength Rating of A- (Excellent) and а Long-Term Issuer Credit Rating of “a-” (Excellent) to Accelerant Insurance UK Limited (AIUK) (United Kingdom). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant), the non-operating holding company of the Accelerant group. The outlook assigned to these Credit Ratings (ratings) is…
Marsh Global Broker Announces New Director of Aviation, Construction, Credit Specialties, Energy and Power, Financial and Professional Lines (FINPRO) and Marine, Cargo and Logistics, as well as Private Equities, Mergers and Acquisitions (PEMA), Michael PELLEGRINI, a San Francisco native, has joined the firm more than two decades ago and has held a variety of leadership…
Nearly 3.4 million Hyundai and Kia vehicles in the United States are being recalled and owners are being advised to park their vehicles outside of the vehicle due to the potential risk of an engine compartment fire. The recalls cover multiple car and SUV models from the 2010 through 2019 model years including Hyundai’s Santa Fe…
Sir Michael Gambon of Harry Potter Dies at 82 – Michael Gambon, the actor who played Albus Dumbledore in the Harry Potter movies, has passed away at the age of 82. Sir Michael Gambon has passed away peacefully in hospital at the age of 82 after a short illness, his family said today. The actor…
Agriculture Secretary Mike Naig announced Wednesday that Iowa’s Department of Agriculture and land Stewardship will reinstate its cover crop acreage discount program. Iowa farmers and landowners planting fall cover crops will be eligible to claim their spring crop insurance discount of $5 per acre. Beginning Dec. 1, Iowa farmers and landowners may enroll in the…
Neptune Flood says it will continue writing policies if government shuts down. If the federal government shuts down on Sept. 30, flood insurance provider Neptune Flood will continue to write policies in all 48 states and Washington D.C. The NFIP (National Flood Insurance Program) would stop issuing and renewing flood insurance policies during a government…
Palisade Insurance Partners, LLC (“Palisade” or the “Company”), a specialty managing general underwriter (“MGU”), today announced the appointments of two seasoned industry executives across its business geography. Scott Stevenson has joined Palisade Insurance Partners LLC in New York as Head of US Risk, from Aon Special Opportunities Group where he served as Senior Vice President….
Insured losses from severe convective storms (SCS) in the United States have continued to escalate through the third-quarter of the year, with the annual total for 2023 now reaching a record $50 billion, the first time this peril has ever caused this level of loss for the industry, Gallagher Re’s Steve Bowen has explained. Bowen,…
The number of homes threatened by wildfire in Washington is projected to increase by nearly 30 percent by 2053, a new report from First Street Foundation shows. The report, published this week, shows that Chelan County is among the 20 counties in the U.S. projected to experience the highest annual rate of wildfire-related damage over…
Nearly half a million Americans, including children, will be able to keep their Medicaid and CHI coverage after state officials found major flaws in their eligibility review processes, federal officials said Thursday. The pandemic-era program that guaranteed Medicaid coverage ended in April, and states began to check to see if tens of millions of people…