AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members of Grinnell …

Rain was already coursing through the usually dry creek near Abraham Stallins’ home in the Texas Hill Country when a flash flood warning lit up his phone. It was just after midnight on July 5, and many neighbors were sleeping, …

Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling for quick action to extend the National Flood Insurance Program (NFIP). The program expires at the end of Sept. 30. …

Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA). Backed by The Fidelis Partnership Syndicate 3123 …

Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growing asset class has already exhibited …

Four people died after heavy rain caused flooding in Arizona, including three in a rural 19th-century mining town where floodwaters on Friday forced people to seek safety on rooftops and washed out a propane distributorship, scattering about 1,000 tanks downtown. …

Two Democratic lawmakers are pressing the Trump administration about its management of the National Flood Insurance Program after cuts at the agency that runs it, the Federal Emergency Management Agency. In a letter to FEMA’s Acting Administrator David Richardson that …

NASA’s first radar images from a new Earth-mapping satellite show the Maine coast and North Dakota farmland in incredible detail. The pictures, released Thursday, are from a spacecraft that rocketed into orbit from India two months ago. The joint U.S.-Indian …

As Minnesota mourned a mass shooting at a church that left two schoolchildren dead and 21 people injured, Gov. Tim Walz promised to call a special session for the Legislature to pass solutions to gun violence and school safety. But …

Sai Abhideep Pundla has been awake since 3 a.m. After a red-eye flight from Las Vegas, where he briefed data center company executives and local government officials about the future of artificial intelligence, he’s back in a lab at UT-Arlington, …

Alliant Insurance Services has hired Alex Gramling as Senior Vice President within its Employee Benefits Group. Based in Fayetteville, Arkansas, Gramling will serve a national client base, drawing from a background that spans the full spectrum of employee benefits, including …

Global insurance brokers Arthur J. Gallagher is suing two former employees who left to start their own New York brokerage firm for allegedly soliciting Gallagher clients and using confidential information in violation of their employment agreements. Gallagher claims that James …

Typhoon Bualoi killed at least 12 people in northern central Vietnam, where heavy rains are expected to continue amid power cuts and flight disruptions. The storm made landfall in Vietnam early Monday after it earlier slammed the Philippines, where 27 …

Howden US appointed Christine Palomba as deputy head, natural resources, Howden US, headquartered in Columbia, South Carolina. Palomba has 29 years of industry experience, most recently at Aon, where her previous role was managing director, U.S. power and renewables practice …

This edition of International People Moves details appointments at Specialty MGA and HDI UK & Ireland. A summary of these new hires follows here. Specialty MGA Taps BMS’s Conway as Senior MedMal Underwriter Specialty MGA, the London-headquartered managing general agent …

Neptune Insurance Holdings Inc. is hoping its record of growth and profitability selling flood insurance policies will generate the same investor enthusiasm for its US IPO that greeted most debuts by other firms in the sector this year. Like many …

The U.S. Transportation Department tightened commercial driver’s license requirements for noncitizens on Sept. 26 after three fatal crashes this year that officials say were caused by immigrant truck drivers. The new rules make getting commercial driver’s licenses extremely hard for …

A lack of resources and outdated policies for sending emergency alerts led to delayed evacuation warnings as flames began consuming neighborhoods during deadly Los Angeles-area wildfires in January, according to an outside review. The Independent After-Action Report produced by the …

U.S. President Donald Trump said on Monday he would impose a 100% tariff on all foreign-made movies, an unprecedented move that threatens to upend Hollywood’s global business model. The step signals Trump’s willingness to extend protectionist trade policies into cultural …

Hurricane Humberto will likely bulldoze a path for Tropical Storm Imelda to veer away from the coastal US Southeast, sparing the region from a direct strike. Category 4 Humberto’s winds rose to 145 miles (233 kilometers) per hour as of …