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Lockton Pacific Series has named Lorrinda Lattimore vice president, voluntary benefits. Lattimore is based in Lockton’s Irvine, Calif., office. Lattimore has more than 20 years of experience in leadership, sales and operations. Lattimore was previously a vice president and broker … from News – Insurance Journal https://ift.tt/39yAH30

Distinguished Programs Adds Arrizabalaga in Southern California

Distinguished Programs has added George Arrizabalaga to the sales team as a regional sales executive for Southern California. Arrizabalaga will work with agents and brokers throughout Southern California to choose insurance programs for clients across the range of specialized products … from News – Insurance Journal https://ift.tt/3akYnqW

OSHA Issues COVID-19 Workplace Safety Guidance

The U.S. Labor Department on Friday issued guidance for safe workplaces during the COVID-19 pandemic, which could allow sick employees to stay at home without fear of losing their jobs. This followed a request by President Joe Biden last week … from News – Insurance Journal https://ift.tt/2NVIakr

Insurance Déjà Vu: Vaccines, AI, Litigation, Recession Made Headlines 10 Years Ago

How much have things changed for the insurance industry in the past decade? Judging by feature headlines from Insurance Journal published in February 2011, many of the issues and themes talked about then are again, or still, on the minds … from News – Insurance Journal https://ift.tt/39AUTBx

Analysis: User Agreement, Section 230 Likely Shield Robinhood, Reddit From Lawsuits

Robinhood Markets Inc.’s user agreement is likely to protect the brokerage app from a barrage of lawsuits filed by customers after it blocked a frenzied trading rally in companies such as GameStop Corp. that was fueled on social media forums. … from News – Insurance Journal https://ift.tt/3pEnhYV

Illinois Bill Adds Prejudgment Interest to Recoveries in Personal Injury Cases

The Illinois General Assembly has passed a bill that includes prejudgment interest in the recovery of damages in personal injury or wrongful death lawsuits. HB 3360 specifies “that in all actions brought to recover damages for personal injuries or wrongful … from News – Insurance Journal https://ift.tt/2MhYyLt

AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corp., collectively referred … from News – Insurance Journal https://ift.tt/3owiVBG

Lawsuit Over 2017 Connecticut Training Flight Crash Is Settled

The sister of a student pilot who died in a small plane crash in Connecticut in 2017 has settled a wrongful-death lawsuit against the flight school she accused of failing to maintain the aircraft. Terms of the settlement over the … from News – Insurance Journal https://ift.tt/2MgrnrF

Brazil Reinsurer IRB Rises 18% as Some Retail Investors Mimick GameStop

SAO PAULO – Brazilian reinsurer IRB Brasil Resseguros rose 18% on Thursday, closing at 7.67 reais, as some Brazilian retail investors mimicked their U.S. counterparts in trying to squeeze short sellers. Rio de Janeiro-based Squadra Investimentos last year uncovered accounting … from News – Insurance Journal https://ift.tt/36ocI4H

Judge to Rule on Maine Property Boundary Dispute

A Maine judge will hear arguments in a property boundary dispute that resulted in a Dover-Foxcroft garage being cut in half last year. Gabriel Brawn removed half of the building that he believed was on his land using a Sawzall … from News – Insurance Journal https://ift.tt/2Md2YmQ

Court Rules New Jersey Transit Due $300M in Sandy Damage Coverage

New Jersey’s Supreme Court ruled Wednesday that New Jersey Transit has the right to an additional $300 million in insurance coverage based on damage it sustained during Superstorm Sandy. The ruling upheld a lower court’s decision that rejected the claims … from News – Insurance Journal https://ift.tt/3cl0Kwz

Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles

Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov’s Mobility Insurance Platform for its fleet of fully electric vehicles. UFODRIVE will benefit from Trov’s risk operations, combined with context-based commercial insurance, … from News – Insurance Journal https://ift.tt/3t599Kl

Dutch Court Orders Shell Nigeria to Pay Damages from Oil Pipeline Leaks

A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over 13 years ago. Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the … from News – Insurance Journal https://ift.tt/3a7xAOw

China Emphasizes Communist Party Leadership in Governance of Insurers, Banks

China’s banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both state-owned and private banks and insurers to contain corporate governance risks. The draft rules urged state-owned banking and insurance institutions to … from News – Insurance Journal https://ift.tt/39tJgfJ

Markerstudy "keen to get back on the acquisition drug" after £200m investment

Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals. from Insurer - insuranceage.co.uk https://ift.tt/2MxN9qW

Businesses Should Take the Lead on COVID-19 Recovery, Climate Crisis: UN Chief

UN Secretary-General Antonio Guterres on Monday [Jan. 25] urged businesses to lead the way to a fair and sustainable recovery from the COVID-19 pandemic while tackling the climate crisis, adding the world had reached “a moment of truth.” Addressing a … from News – Insurance Journal https://ift.tt/3oovZco

Coalition Adds 5 Hires to Middle Market Production Underwriting Team

Coalition has appointed five new production underwriters to help grow and serve the company’s middle market relationships. New Coalition production underwriting team members include: Andrew Cross, based in San Francisco, joined Coalition from CNA Insurance where he held the role … from News – Insurance Journal https://ift.tt/3r1RgdM

Low-Level Jobs, Less School Could Mean Costly Auto Policies

Drivers with less education and lower-ranking jobs could wind up paying more for auto insurance, magnifying the impact of systemic racism, according to a Consumer Reports analysis. The consumer-advocacy group sought price quotes from several insurance companies for a hypothetical … from News – Insurance Journal https://ift.tt/3aikLky

Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO

During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry overall — inadequate estimates of COVID-19 losses. “Even as COVID … from News – Insurance Journal https://ift.tt/39r0LNs

Tornado Hits Florida’s Capital City; Damages, Closes Airport

A tornado touched down near the airport in Florida’s capital city Wednesday, flipping at least one small plane over and knocking out weather radar before moving east into residential neighborhoods, the National Weather Service said. A few thousand were without … from News – Insurance Journal https://ift.tt/3cl9zGB

Society Insurance Adds Travelers’ Aranas to Launch Restaurant, Bar Program in Georgia

Society Insurance, a Wisconsin-based insurance carrier specializing in coverage for select business niches, has added Joseph Aranas as regional sales manager for the Georgia market. Aranas will help spearhead Society’s launch of insurance programs for restaurants and bars in Georgia … from News – Insurance Journal https://ift.tt/2Ys9PeR

Texas Holiday Inn Owner Sued for Firing Pregnant Employee

Federal officials have sued the owner of a Holiday Inn Express and Suites in Corpus Christi, Texas, for firing a temporary employee because she was pregnant, Awon Phie LLC, doing business as the Holiday Inn Express & Suites in Corpus … from News – Insurance Journal https://ift.tt/39sXxt1

Citizens Immune from Bad Faith, Not Liable for Non-Contractual Damages: Court

The Florida Supreme Court has resolved A 14-year-old lawsuit against Citizens Property Insurance Corp. in favor of the insurer in a ruling that was expected but still has far-reaching effects on the state’s property market. The court issued the unanimous … from News – Insurance Journal https://ift.tt/39siILG

Kaufman Dolowich & Voluck Names Thompson Employment Litigation Partner in California

Kaufman Dolowich & Voluck LLP has named Allyson K. Thompson an employment litigation partner in its Los Angeles, Calif., office. Thompson provides advice and counsel to companies to manage workplaces and workforces and defends companies targeted by litigation. Thompson is … from News – Insurance Journal https://ift.tt/2Mi7CA1

Utah Dealership Launches Larry H. Miller Insurance Services

Sandy, Utah-based Larry H. Miller Group of Companies in partnership with Leavitt Group in Utah has launched Larry H. Miller Insurance Services, an independent insurance agency that will offer auto, home, life and business insurance. The new venture expands the … from News – Insurance Journal https://ift.tt/3absKjv

North Dakota Bills Would Shield Businesses from Virus Lawsuits

Some North Dakota lawmakers are pushing legislation aimed at shielding businesses and health care facilities from lawsuits over customers’ or employees’ COVID-19 exposure, despite criticism that it may be unconstitutional and could relax protections for workers. The House Industry, Business … from News – Insurance Journal https://ift.tt/3ahksX8

Lawsuit Alleges Negligence in Deadly Ohio Medical Helicopter Crash

A wrongful-death lawsuit has been filed against an air ambulance company over a medical helicopter crash in snowy weather that killed the three central Ohioans on board. The suit alleges Survival Flight and operator Viking Aviation inappropriately and recklessly accepted … from News – Insurance Journal https://ift.tt/3osBVRJ

Suit Dismissed Against Nebraska Shop That Sold Alcohol to Minor Who Died

The family of a 17-year-old Nebraska boy who died in a car wreck after he bought liquor cannot recover damages from the Kwik Shop where the alcohol was illegally sold, a Douglas County District Judge has ruled. Judge Timothy Burns … from News – Insurance Journal https://ift.tt/3ox5hyi

Deadline for Late-Filed Texas Surplus Line Policy Corrections: Feb. 15

Corrections or adjustment forms for late-filed Texas surplus line insurance policies included on November or December 2020 monthly late filers reports are due by Feb. 15, 2021. After this date, no additional modifications can be made to the annual late … from News – Insurance Journal https://ift.tt/2MuJzh8

UK Chancellor Sunak Seeks Deeper UK Insurance, Banking Ties With Switzerland

U.K. Chancellor of the Exchequer Rishi Sunak will hold talks with his Swiss counterpart on Wednesday as the two countries seek to deepen financial services ties in the wake of Brexit. The virtual discussions with Federal Councilor Ueli Maurer will … from News – Insurance Journal https://ift.tt/36huypW

Luxembourg Signs Restitution Agreement for Holocaust Victims

LUXEMBOURG— The Luxembourg government signed a deal Wednesday with the World Jewish Restitution Organization to pay reparations and to restitute dormant bank accounts, insurance policies as well as looted art to Holocaust survivors. The deal announced on International Holocaust Remembrance … from News – Insurance Journal https://ift.tt/2NJX7pH

Mother of Teen Who Died Suing Center in Oregon for $13M

The mother of a Portland, Ore., teen who died by suicide shortly after medical staff allegedly evaluated and released him from the Unity Center for Behavioral Health has filed a $13 million lawsuit. Leila Mesch’s lawsuit lists Legacy Health and … from News – Insurance Journal https://ift.tt/2MtfPRM

Aon, Willis Announce Leadership Team for Post-Merger Brokerages

In anticipation of their proposed merger receiving final approval, insurance brokers Aon and Willis Towers Watson announced the future leadership team for the firm that will be effective following the close of the merger, which they expect to occur before … from News – Insurance Journal https://ift.tt/3cq08pz

Vermont Man Charged in Eight Arsons Arrested by Federal Agents

A Stowe man charged in eight arsons that police say caused more than $1.5 million in damage to the resort community has been arrested by federal agents. Jeffrey Nolan, 62, made his initial appearance in federal court on Monday on … from News – Insurance Journal https://ift.tt/3psLktU

Saxe Doernberger & Vita Promotes Clifford, Johnson to Of Counsel

Saxe Doernberger & Vita P.C. (SDV) has promoted associate attorneys Brian J. Clifford and Kelly A. Johnson to of counsel. Clifford, resident in the firm’s Connecticut office, has represented clients on a range of coverage and litigation matters, including advising … from News – Insurance Journal https://ift.tt/2NLekiz

AXA XL Names Colao as Global Chief Underwriting Officer for Cyber

AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA XL’s products globally. Additionally, he will help … from News – Insurance Journal https://ift.tt/3ozO5bH

Insurer USAA, Serving Military and Veterans, Enters Small Business Insurance Market

The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states – Arizona, Colorado, Illinois, … from News – Insurance Journal https://ift.tt/2NL912D

China Urges International Cooperation on Financial Services, Technology Regulation

SHANGHAI— China’s regulators want to step up exchanges with international counterparts and strengthen co-operation on anti-trust issues, data treatment and consumer protection, China’s central bank vice governor said in a Financial Times opinion piece. Pan Gongsheng said authorities wanted to … from News – Insurance Journal https://ift.tt/39ojcCq

China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing

SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s second-biggest economy. The greenlight from the China Banking and … from News – Insurance Journal https://ift.tt/3pExe8Z

Trump Health Secretary Rule Slows COVID Court Claims Against Nursing Homes

Garnice Robertson wants accountability for her mother’s death from COVID-19 caught while she was living at a Kansas nursing home that allegedly failed to prevent an outbreak of the disease. An unexpected legal hurdle stands in her way. The nursing … from News – Insurance Journal https://ift.tt/2MeJ4Ij

GEICO Loses Appeal that Sought Coverage From Another Insurer for Lamborghini Crash

In a dispute between two insurers, a federal appellate court ruled that GEICO is solely liable for the cost of replacing a Lamborghini worth more than $100,000 that was totaled in a collision with another vehicle. A panel of the … from News – Insurance Journal https://ift.tt/3t5oWsv

Prometheus Insurance falls into administration

The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full. from Insurer - insuranceage.co.uk https://ift.tt/2YksJ79

Guide launched to aid inclusive policy design

Insurance Cares: The document has been developed by Fair By Design with input for providers and regulators and has been created to help vulnerable customers. from Insurer - insuranceage.co.uk https://ift.tt/39qhxfS

Texas Surplus Line Insurance Premium Neared $8B in 2020

Texas recorded nearly $8 billion in surplus lines premium in 2020. The Surplus Lines Stamping Office of Texas (SLTX) reported that surplus line premium in the state increased to $7.92 billion in 2020, up 14% from $6.95 billion recorded in … from News – Insurance Journal https://ift.tt/36lS6tP

Judge Rules Former CBS Shareholders Can Sue Over ViacomCBS Merger

A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc. Vice Chancellor Joseph … from News – Insurance Journal https://ift.tt/39q8prG

Hogeboom Looks Back on 46 Years Helping Shape California Insurance Landscape

Robert W. Hogeboom has quietly been in the background of making and forming insurance laws and regulations for decades – and he’s seen a lot change in California’s insurance landscape in all of that time. During his 46-year-long legal career, … from News – Insurance Journal https://ift.tt/3ciQ3dW

Topa Insurance in California Names Kim Controller

Calabasas, Calif.-based Topa Insurance Co. has promoted Jamie Kim to controller and vice president of accounting. Kim will be responsible for representing the company and the finance department on strategic projects, reinsurance reporting, and leading the accounts payable, accounting and … from News – Insurance Journal https://ift.tt/39lDKeW

Before Starting an Independent Agency, There Are Many Questions to Weigh

In the most recent Closing Quote in Insurance Journal, I wrote about why I believe this is the best time in history for entrepreneurial agents to create a new independent insurance agency. My reasons include lower costs, the increased need … from News – Insurance Journal https://ift.tt/36jA2Rf

Airlines Seek WHO Approval of Quarantine-Free Travel After Vaccines

The airline industry has called on the World Health Organization to rule it’s safe for people to fly without quarantining once they’ve had a coronavirus vaccine. Acknowledgement of that principle from the United Nations agency is vital to the development … from News – Insurance Journal https://ift.tt/2Yl35iP

Louisiana Governor Seeking $3B in Hurricane Aid From White House

Louisiana Gov. John Bel Edwards is asking President Joe Biden for $3 billion to help Louisiana with its ongoing recovery from the 2020 hurricanes, saying that he’s filed a request with the new White House similar to the unfulfilled ask … from News – Insurance Journal https://ift.tt/3sY7E0J

Highway Safety Advocates Urge Nebraska to Tighten Slack Seat Belt Law

Highway safety advocates are urging Nebraska lawmakers to tighten state seat belt requirements that are among the loosest in the nation. Nebraska is one of nine states that only require seat belts for front-seat passengers, according to the National Conference … from News – Insurance Journal https://ift.tt/3qYndUd

Arkansas Judge Dismisses Bars’ Virus Curfew Challenge

An Arkansas judge has dismissed a lawsuit challenging the early closing time for bars and some restaurants that was temporarily imposed because of the coronavirus pandemic. The lawsuit argued Gov. Asa Hutchinson and state officials did not have authority to … from News – Insurance Journal https://ift.tt/2YjvSnI

World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate

European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the chief executive of German insurer Allianz said on Wednesday. “Today, the regulatory framework we have in Europe has actually disincentivised … from News – Insurance Journal https://ift.tt/3qWUIWZ

Utility Paying $2B Settlement in Deadly 2018 California Fire

Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced this week. Edison, which acknowledged no wrongdoing, said the agreement covers all claims in pending … from News – Insurance Journal https://ift.tt/2M154Xb

Investor Sues Drugmaker Astrazeneca Over Coronavirus Vaccine Testing Claims

AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws in the company’s testing of its coronavirus vaccine. For much of last year, the Cambridge, England-based pharmaceutical company was touting … from News – Insurance Journal https://ift.tt/2NJZCZf

Brokers push government to cover Covid-19 event insurance gap

Without backing as soon as possible events will be unable to take place over the summer as broker calls for £200m support package. from Insurer - insuranceage.co.uk https://ift.tt/3ooHvnW

Parents of Maryland Teen Who Died in Class File Lawsuit

The parents of an autistic Maryland teenager who died in class after choking on a glove have filed a lawsuit against school officials, saying negligence led to their son’s death. Bryan and Tanya Levy, the parents of 17-year-old Bowen Levy, … from News – Insurance Journal https://ift.tt/2M7SvsZ

The Beacon Mutual Insurance Company Names Tumeinski as Chief Financial Officer

The Beacon Mutual Insurance Company has named Gregg Tumeinski as chief financial officer (CFO) at The Beacon Mutual Insurance Company. Tumeinski will succeed Cynthia Lawlor, who is retiring after more than 28 years at the Rhode Island workers’ compensation insurer. … from News – Insurance Journal https://ift.tt/39rDECJ

If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big

LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are … from News – Insurance Journal https://ift.tt/3t1ntne

SterlingRisk Insurance Promotes Larocca to Chief Strategic Relations Officer

SterlingRisk Insurance, a Woodbury, New York-based independent insurance brokerage, has promoted Robert F. Larocca to chief strategic relations officer. Larocca, who began his career at SterlingRisk in 1999, will retain his title of executive vice president and continue to report … from News – Insurance Journal https://ift.tt/36jEwqP

China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved

Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to global investors seeking signs on what the future holds for the world’s largest fintech giant. … from News – Insurance Journal https://ift.tt/3sYHH0N

Volkswagen Wants U.S. Supreme Court to Nix ‘Staggering’ Diesel Claims by Counties

Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions of dollars. The German automaker’s … from News – Insurance Journal https://ift.tt/3cc4Gj7

Markerstudy in £200m investment deal led by Pollen Street Capital

Current owner QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions. from Insurer - insuranceage.co.uk https://ift.tt/3oo4Beo

Apollo replaces head of marine and energy liability

Rob Johnston replaces Howard Burnell who was convicted of assault last week. from Insurer - insuranceage.co.uk https://ift.tt/3cgjxsU

Tennessee Reports Highest Number of Boating Deaths in 37 Years in 2020

Tennessee had 32 boating-related deaths in 2020, the most in 37 years, wildlife officials said. The Tennessee Wildlife Resources Agency reported an increase in traffic on the state’s lakes and rivers in 2020 as outdoor activities such as boating increased … from News – Insurance Journal https://ift.tt/3pnd6Yt

Hay Joins Sedgwick in Tennessee as Global Chief People Officer

Sedgwick, a provider of technology–enabled risk, benefits and integrated business services, has added Michelle Hay as global chief people officer. With more than 25 years of professional experience and a human resources leadership and consulting expertise, Hay will have executive … from News – Insurance Journal https://ift.tt/3pr1rbh

The Liberty Company Insurance Brokers in California Adds James

The Liberty Company Insurance Brokers in Woodland Hills, Calif., has added Jessica James to the firm. James focuses on construction, environmental, professional liability, non-profits, cannabis and lessor’s risk. She has more than 21 years of experience in the industry as … from News – Insurance Journal https://ift.tt/3cigPD4

Allstate to Sell Life Insurance Business to Blackstone for $2.8M to Grow in P/C

The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a strategy to grow market share in personal lines … from News – Insurance Journal https://ift.tt/3qSFrGE

Everest Re Cites Social Inflation for $400M Prior-Year Reserve Charge

Everest Re is the most recent insurance and reinsurance company to announce catastrophe and COVID losses in advance of fourth-quarter earnings, but Everest’s disclosure on Monday also addressed a boost in prior-year casualty reserves. “The decisive reserving actions we are … from News – Insurance Journal https://ift.tt/2KSoaOz

Eurapco and B3i Introduce Unity, a Risk Transfer Service Built on Blockchain

What its creators say is the first global operational offering on blockchain infrastructure has been launched, enabling the transfer of facultative risks within a network of companies, with marine insurance being the first business line to try it out. Eurapco, … from News – Insurance Journal https://ift.tt/2Nwct0K

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks — business interruption, the pandemic … from News – Insurance Journal https://ift.tt/3olQO8u

Auto Theft Jumped in 2020

Auto theft appears to have increased considerably in 2020 compared to 2019, reversing two years of auto theft declines. A preliminary analysis by the National Insurance Crime Bureau shows there were 873,080 auto thefts in 2020, or almost 2,400 a … from News – Insurance Journal https://ift.tt/3qNeHay

Oklahoma AG Seeks $1.8M from Vendor After Failed PPE Order

State Attorney General Mike Hunter is seeking more than $1.8 million from a company he says owes that state after failing to deliver four orders of personal protective equipment (PPE) ordered by the Oklahoma Department of Health. In a petition … from News – Insurance Journal https://ift.tt/3iOa0u8

Kansas Governor Extends Pandemic Disaster Declaration

Gov. Laura Kelly has signed a bill that extends the state’s disaster emergency declaration, allowing Kansas to continue to tap into resources for its pandemic response efforts. The legislation, which extends the declaration to March 31, aims to provide a … from News – Insurance Journal https://ift.tt/3pn9Qwt

Texas Governor Urging Protections for Businesses from Virus-Related Lawsuits

Texas Gov. Greg Abbott said he is pushing state lawmakers to protect individuals and companies that opened businesses during the pandemic against coronavirus-related lawsuits. While the governor did not provide specifics about what protections he wants businesses to have, he … from News – Insurance Journal https://ift.tt/39lcygf

Ratings of Ohio’s Wayne Mutual Insurance Upgraded

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Wayne Mutual Insurance Co. (Wayne Mutual) in Wooster, Ohio. The outlook of these ratings has … from News – Insurance Journal https://ift.tt/3a3SCO8

Survey Shows Gains in Rural Economy of Midwest, West States

The rural economy in parts of 10 Plains and Western states continues to grow, but rural bank CEOs say their biggest fears for the 2021 economy are excessive inflation and higher long-term interest rates, according to a new monthly survey … from News – Insurance Journal https://ift.tt/2M6FJuL

Montana Virus Liability Bill Advancing Through Legislature

A bill that would protect businesses and health care providers from coronavirus-related lawsuits is advancing quickly through the Montana Legislature, after the state’s Republican governor said the measure was necessary to remove a statewide mask mandate put in place by … from News – Insurance Journal https://ift.tt/2Yg42Jc

Arizona Sees Recreational Cannabis Sales Start

Legal sales of recreational marijuana in Arizona have started, a once-unthinkable step in the former conservative stronghold that joins 14 other states that have broadly legalized pot. The state Health Services Department on Friday announced it had approved 86 licenses … from News – Insurance Journal https://ift.tt/3ol8vF8

California May Prioritize Age Before Essential Workers for Vaccine

Advocates for farmworkers, teachers, grocery store clerks and other essential workers are worried they will have to wait until this summer to be vaccinated against the coronavirus as California considers giving priority to older residents. State officials said the move … from News – Insurance Journal https://ift.tt/2KQxBht

Two Women Found Dead After Row Home Fire Causing Estimated $250K in Damage

Authorities say two women were found dead after a fire in a central Pennsylvania row home over the weekend that caused an estimated more than $250,000 in damage to all three homes. Fire crews were dispatched shortly after 6 a.m. … from News – Insurance Journal https://ift.tt/3t1oA6f

New York’s NFP Hires Beaudette as Senior Vice President

NFP, a New York, New York-based insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual solutions, has hired Daniel Beaudette as a senior vice president. Beaudette will be part of the team focused on growing NFP’s managing … from News – Insurance Journal https://ift.tt/3c9mHP3

New Jersey’s American Global Hires McGill to Lead National Project Risk Practice

American Global has hired John McGill as president of American Global Project Solutions, in which he will head its national project risk practice. The practice is dedicated to bringing analytics, innovation and best practices to contractors and owners engaged in … from News – Insurance Journal https://ift.tt/3iOZQcN

Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security

If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data. The number of consumers willing to share significant data on their health and lifestyle habits with … from News – Insurance Journal https://ift.tt/3pm7PAH

European Researchers Turn to AI to Build Better Weather Data

European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European Centre for Medium-Range Weather Forecasts is turning to machine learning in order … from News – Insurance Journal https://ift.tt/36cf2LY

Olympics Board Expected to Focus on Safety; Unlikely to Cancel Tokyo Games

BERLIN— The Tokyo Olympics will top the agenda when the International Olympic Committee’s executive board meets on Wednesday – but with the board firmly backing the event, any talk of scrapping it altogether due to the COVID-19 pandemic is highly … from News – Insurance Journal https://ift.tt/39jmHKn

Bankruptcy Judge Approves Weinstein Co. Plan With $17M for Sex Abuse Claims

A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co.’s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct. Judge Mary Walrath in Wilmington, Delaware announced her ruling at the conclusion … from News – Insurance Journal https://ift.tt/3olkum7

Usage-based car cover platform created

The proposition has been developed by By Miles founder, Callum Rimmer, for insurers and brokers to offer access to usage-based cover to the motor market. from Insurer - insuranceage.co.uk https://ift.tt/3iLYRtU

People Moves: 25 - 29 January 2021

Stay up-to-date with the latest personnel changes in the world of broking and insurance. from Insurer - insuranceage.co.uk https://ift.tt/2M4GYdY

Ex-Rep Hayes Pardoned by Trump for Role in North Carolina Insurance Bribery Scheme

A former North Carolina congressman and state Republican Party leader who lied to FBI agents about a bribery scandal received a pardon from outgoing President Donald Trump in his final hours in office. Federal authorities said ex-Rep. Robin Hayes participated … from News – Insurance Journal https://ift.tt/3iQYRc3

WestPro Insurance Partners with Obsidian on Bars, Taverns, Restaurants Program

WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program carrier. WestPro is a managing general underwriter and program administrator for bar, tavern and restaurant coverage in more than a dozen states. WestPro, a division of … from News – Insurance Journal https://ift.tt/369HM7Z

Pirates Attacking Ships in Gulf of Guinea. Here’s Why and the Impact.

LAGOS— Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies. On Saturday, pirates off Nigeria kidnapped 15 sailors from a Turkish container ship and killed one. Pirates in the Gulf of Guinea kidnapped … from News – Insurance Journal https://ift.tt/3sUvv17

Top Trading Firms Vow to Help Merchants Sailors Stuck on Ships Due to Coronavirus

Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea. About 90% … from News – Insurance Journal https://ift.tt/3qW0Iiv

Biden Withdraws Trump Chicken Slaughter Rule Industry Says Is Safe

A major food workers’ union praised President Joe Biden for withdrawing a rule that would have permanently allowed U.S. poultry producers to kill more chickens per minute. Industry trade groups said the speeds were safe. Donald Trump’s administration in its … from News – Insurance Journal https://ift.tt/3a50Fu3

Propel Insurance in Washington Names Hub’s Fusaro CFO

Tacoma, Wash.-based Propel Insurance has named Angelo Fusaro chief financial officer. Fusaro succeeds Pete Hendrick, who has announced his retirement after serving as CFO since 2004. Fusaro has more than 20 years of experience in financial and operational management. He … from News – Insurance Journal https://ift.tt/3qMNggQ

Top Insurance Regulatory Developments of 2020: Part 2

This is the second installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The first part on Jan. 22 covered COVID-19, Insurtechs, Data Privacy, Race Equality and Pharmacy Benefit Managers. … from News – Insurance Journal https://ift.tt/2Mq1VQs

Spanish Court Orders VW to Pay $20M to Buyers in Diesel Cheating Case

A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who bought cars with emissions-cheating devices installed, consumer group OCU said on Monday. The company will appeal the ruling, … from News – Insurance Journal https://ift.tt/2YdkDNV

‘Spotter’ in New Orleans Staged Crash Schemes Sentenced to Prison

A New Orleans, Louisiana, man has been sentenced to prison for conspiring to stage automobile accidents as part of a scheme to defraud insurance and trucking companies, federal officials say. U.S. Attorney Peter G. Strasser with the U.S. Attorney’s Office … from News – Insurance Journal https://ift.tt/2YrtQ5n

Insurance Industry Veterans Launch Upland Capital Group in Dallas

Upland Capital Group (Upland), a Dallas-based specialty insurance business led by long-time insurance and investment executives has opened for business. Upland is funded through an equity investment of up to $200 million from Newlight Partners LP (Newlight), a growth equity … from News – Insurance Journal https://ift.tt/2KL9zUU

IMA Adds Maier as VP in Houston Energy Practice

Insurance brokerage firm, IMA Inc., has hired veteran underwriting professional Conrad Maier as vice president in the company’s Houston-based energy practice. Maier is the first dedicated producer in Houston, marking the next stage of IMA’s aggressive expansion plan in the … from News – Insurance Journal https://ift.tt/2NDUrdj

Unions File OSHA Complaint Over No Mask Mandate at Iowa Capitol

A labor union representing state workers has filed a complaint with the state Occupational Safety and Health Administration, arguing that a lack of a mask mandate at the Iowa Capitol threatens the safety of everyone who enters the building. Iowa … from News – Insurance Journal https://ift.tt/36aD1v7

Heinz Joins Lockton from Aon as Partner in Transaction Liability Practice

Kansas City, Mo.-based Lockton has added Matt Heinz as a partner in its Transaction Liability practice. Heinz will co-lead the group with partners Josh Halpern, Eric Ziff and Gaurav Sud, who joined Lockton last year as the firm sought to … from News – Insurance Journal https://ift.tt/39hJVRb

Insurance Journal’s 2021 Agency Salary Survey Open

Insurance Journal is once again seeking independent agency owners, principals, producers, CSRs — the entire agency — to participate in its annual independent insurance agency salary survey for publication in Insurance Journal magazine. The survey takes about 15 minutes to … from News – Insurance Journal https://ift.tt/3oezjqp

Wrongful Death Suit Filed Against NRA, Gunmaker, Shooter Over Synagogue Attack

The son of a couple killed in a Pittsburgh synagogue attack that killed 11 worshippers is suing the National Rifle Association, arguing the group’s inflammatory rhetoric led to the violence. Marc Simon, the son of Sylvan and Bernice Simon, filed … from News – Insurance Journal https://ift.tt/2MpXcOp

New York Court: Uber Drivers Are Employees Eligible for Unemployment Insurance

The New York Supreme Court, Appellate Division, Third Judicial Department held at the end of December that Uber drivers can be considered employees eligible for benefits such as unemployment insurance. The finding upheld two previous April 2019 decisions by the … from News – Insurance Journal https://ift.tt/36dxkwx

Man Pleads Guilty to Deaths of 36 in California Warehouse Fire

The master tenant of a San Francisco Bay Area warehouse where 36 people perished when a fire ignited during a 2016 dance party pleaded guilty Friday to the deaths, avoiding a second trial after the first ended in a hung … from News – Insurance Journal https://ift.tt/3iK8HfS

Las Vegas Gym Sued over Gymnastics Coach Abuse Allegations

Eight women who were taught by a former USA Gymnastics coach now facing lewdness and sexual assault charges are suing the Las Vegas gym where he trained them from 2009 to 2015. A civil negligence and liability lawsuit filed Tuesday … from News – Insurance Journal https://ift.tt/3qOswFF

DuPont, Chemours Reach Pact Over Liability for ‘Forever Chemicals’ PFAs Pollution

The Dupont Co. and its spinoff business Chemours have agreed to resolve legal disputes over environmental liabilities for pollution related to man-made chemicals associated with an increased risk of cancer and other health problems. The binding memorandum of understanding announced … from News – Insurance Journal https://ift.tt/3sUq1Dr

S. Africa Insurer Santam Begins Processing 4,000 Business Interruption Claims

JOHANNESBURG— South African insurer Santam Ltd. said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond those of its hospitality and leisure division. It will cover … from News – Insurance Journal https://ift.tt/36ajx9X

MyFloodInsurance.com Expands Flood Tool to Real Estate Agents, Homebuyers

MyFloodInsurance.com has been expanded to allow for real estate agents and homebuyers to receive instant flood insurance quotes from multiple flood insurance companies, as well as the National Flood Insurance Program (NFIP). The My Flood Insurance widget can be added … from News – Insurance Journal https://ift.tt/2Y9d8HA

Fire on Prudence Island Destroys Three Homes

Three homes were destroyed and two others were damaged in a Thursday night fire on Prudence Island, Rhode Island, fire officials said. Firefighters from Portsmouth and several nearby communities responded to the fire around 11 p.m., according to The Newport … from News – Insurance Journal https://ift.tt/3qParar

Pennsylvania Water Customer in Arrears Burned Workers with Acid

A Pennsylvania woman who didn’t pay her water bill has been charged with felonies including the use of weapons of mass destruction after she burned three municipal workers with acidic drain cleaner as they tried to restore her service, authorities … from News – Insurance Journal https://ift.tt/3ojWdN4

Libor Remains a Big Problem, But At Least It’s Getting Smaller

Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into swaps and other contracts worth hundreds of trillions of dollars, but it’s slated to disappear in the not-too-distant future. … from News – Insurance Journal https://ift.tt/3chvcYa

Foley’s SPAC in $7.3B Deal to Take Blackstone’s Benefits Firm Alight Public

A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the companies said on Monday. … from News – Insurance Journal https://ift.tt/2Yfg59H

Australian Securities Regulator Suffers Cyber Security Breach

Australia’s securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit license applications where some information may have been viewed. The Australian Securities and Investment Commission (ASIC) said it … from News – Insurance Journal https://ift.tt/2Ypr5l3

Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance

There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker Aon’s latest catastrophe loss report. Of this total, private … from News – Insurance Journal https://ift.tt/3a4jAFd

‘Totally Destroyed’ Indonesia Jet in Java Sea Makes Search Almost Impossible

Bayu Wardoyo tends to skip the 6 a.m. breakfast of Indonesian fried rice served to divers on the ship searching for wreckage of the Sriwijaya Air passenger jet that crashed in the Java Sea on Jan. 9. He prefers coffee, … from News – Insurance Journal https://ift.tt/2Yahpuj

United Airlines CEO Urges Employers to Mandate COVID-19 Vaccines

United Airlines may make the COVID-19 vaccine mandatory for employees, and other companies should do the same, United Chief Executive Officer Scott Kirby told workers at a meeting on Thursday, according to a transcript reviewed by Reuters. A United spokeswoman … from News – Insurance Journal https://ift.tt/2Y8Eqhp

Volkswagen Talks Damages Claims Against Chip Suppliers Over shortages

German car manufacturer Volkswagen is in talks with its main suppliers about possible claims for damages due to a shortage of semiconductors, a company spokesman said on Sunday. Automakers around the world are shutting assembly lines due to problems in … from News – Insurance Journal https://ift.tt/2MmL54I

Brazil Miner Vale, State Authorities Narrow Differences in Disaster Settlement: Source

Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to 11 billion reais ($2 billion) before talks fell apart, a person close to the negotiations told Reuters on Friday. … from News – Insurance Journal https://ift.tt/2KKpFOB

Tennessee Insurance Dept. Makes Multiple Leadership Changes

The Tennessee Department of Commerce & Insurance (TDCI) has announced multiple senior leadership role additions and staffing updates from Commissioner Carter Lawrence. Jennifer Peck has assumed the role of chief of staff and chief operating officer, while continuing in her … from News – Insurance Journal https://ift.tt/2KJ6iFB

FCA orders insurers to pay claims swiftly following Supreme Court ruling

In a letter to insurers, FCA executive director Sheldon Mills, urges firms to reassess and settle valid BI claims. from Insurer - insuranceage.co.uk https://ift.tt/2KCLm32

California OKs Using Moderna Vaccine After Illness Reports

California says it’s safe to resume using a batch of Moderna coronavirus vaccine after some people fell ill and a halt to injections was recommended. The decision frees up more than 300,000 doses to counties, cities and hospitals struggling to … from News – Insurance Journal https://ift.tt/3qHjQ3R

Pardon for Ex-Google Exec Who Took Self-Driving Car Secrets to Uber

A long-running Silicon Valley soap opera took an unexpected twist on Wednesday after outgoing President Donald Trump pardoned a former Google engineer for stealing self-driving car secrets shortly before joining Uber. Trump’s surprise pardon of Anthony Levandowski enables him to … from News – Insurance Journal https://ift.tt/3c4latw

How do NFL QBs Rodgers, Mahomes and Mayfield Rate as Insurance Salesmen?

Three well-known television insurance salesmen competing for business are also competing in the National Football League playoffs. Only those totally cut off from television could not have seen at least one of the insurance commercials starring NFL quarterbacks. Green Bay … from News – Insurance Journal https://ift.tt/2Mcuv7R

Skyward Specialty Insurance Group Acquires Aegis Surety, Sells XPro

Skyward Specialty Insurance Group Inc. has acquired Aegis Surety and simultaneously sold XPro, which provides solutions for the pest control industry. K2 Insurance Services is both the seller of Aegis Surety and the buyer of XPro. Aegis Surety Senior Vice … from News – Insurance Journal https://ift.tt/3obKLD8

Falls Kill Two Long Island Men in Separate Workplace Accidents

A landscaper fell from a tree and a roofer fell from a building in two separate fatal workplace accidents Monday on Long Island. Suffolk County Police said 51-year-old Vicente Oliver of Levittown was trimming a tree at a West Hills … from News – Insurance Journal https://ift.tt/39crHRf

Investors Suing Bayer Blame Drop in Stock on Buying Monsanto, Roundup

Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group’s management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired Roundup maker Monsanto. Weekly Wirtschaftswoche reported on Friday … from News – Insurance Journal https://ift.tt/3ogGs9X

China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers

China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand scrutiny of the … from News – Insurance Journal https://ift.tt/3iCosFy

Aviva’s Patrick Tiernan moves to Lloyd’s

Tiernan will take up the newly created role of chief of markets. from Insurer - insuranceage.co.uk https://ift.tt/3qJ5gsu

Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition

The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021. Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent economic development public/private partnership, have joined forces for the competition, which … from News – Insurance Journal https://ift.tt/362YbeA

How brokers can stay relevant in the shared economy

Ian Sweeney, SVP & GM of Trōv Mobility, offers us the inside track on Trōv’s evolution from a direct to broker proposition and shares his thoughts on what brokers must do to take advantage of the opportunities in the sharing economy. from Insurer - insuranceage.co.uk https://ift.tt/2KDBXsb

Spanos Joins Core Specialty Insurance E&S Group as VP

Van Spanos has joined Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc.’s newly formed excess and surplus (E&S) primary Product Liability group as vice president. Spanos is responsible for managing all facets of this business, including direct oversight of the underwriting … from News – Insurance Journal https://ift.tt/3c2xD0E

TÜV SÜD Hit by ‘Significant Damages’ Claim in Germany Over 2019 Brazil Dam Tragedy

German industrial inspector TÜV SÜD is facing a claim for “significant damages” in the first civil lawsuit on German soil over its alleged role in the deadly collapse of a dam in Brazil two years ago. A group of Brazilian … from News – Insurance Journal https://ift.tt/3qGZKGT

Mexico’s Pemex Plan to Cut Refinery Jobs Presents Safety Risks, Internal Document Shows

Plans by Mexican state oil company Petroleos Mexicanos to cut jobs at its six refineries through attrition this year could undermine safety at the plants, an internal company document shows. Pemex plans to leave 9,374 vacancies at its refineries unfilled … from News – Insurance Journal https://ift.tt/3qDZSqL

George Petersen in California Names Five New Principals

George Petersen Insurance Agency has promoted Joseph Feierabend, Jack Fess, Sean Parsons, Colby Ritch and Mindy Sehon to principals within the agency. The agency now has 20 principals across eight of the agency’s 10 locations in Northern California. Feierabend, a … from News – Insurance Journal https://ift.tt/3pbBNqT

In Third Lockdown, England Seeing ‘No Evidence of Decline’ in COVID-19 Cases

A third pandemic lockdown appears to be having little impact on rates of COVID-19 in England, researchers warned on Thursday, with prevalence of the disease “very high” and “no evidence of decline” in the first 10 days of renewed restrictions. … from News – Insurance Journal https://ift.tt/2Y5egMg

CoStar and Warburg Are Said to Be Competing to Buy CoreLogic: Bloomberg

CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is evaluating the offers, is expected to decide in … from News – Insurance Journal https://ift.tt/3a96iHV

Prioritizing High-Risk Individuals for Vaccines May Not Be Necessary, New Research Finds

A new study suggests that prioritizing vaccination of high-risk individuals has only a marginal effect on the number of COVID-19 deaths. To obtain significant improvements, it would be better if a very large fraction of a city or town population … from News – Insurance Journal https://ift.tt/3p7s2Kn

Top Insurance Regulatory Developments of 2020: Part 1

This is the first installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The first part covers COVID-19, Insurtechs, Data Privacy, Race Equality and Pharmacy Benefit Managers. The second installment … from News – Insurance Journal https://ift.tt/394eTfo

United Valley Insurance Services in California Adds Peck

United Valley Insurance Services Inc. in Fresno, Calif., has named Donna Peck a marketing consultant. Peck is focused on assisting members on marketing and placing workers’ compensation accounts with the firm’s carriers. Peck previously worked as an underwriting supervisor at … from News – Insurance Journal https://ift.tt/3o8HyEk

Hub Acquires Assets of Alabama-Based Shields Insurance Agency

Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Shields Insurance Agency. Terms of the transaction were not disclosed. With locations in Birmingham and Mobile, Ala., Shields Insurance Agency is independently owned and provides services … from News – Insurance Journal https://ift.tt/3pe7wrG

Michigan’s McLaren to Pay $7.7M to Resolve Alleged Drug Violations

McLaren Health Care Corp. has agreed to pay the federal government more than $7.7 million to resolve alleged violations of provisions of the Controlled Substances Act. The civil settlement was announced by the U.S. attorneys in Grand Rapids and Detroit, … from News – Insurance Journal https://ift.tt/362f4pK

Ohio Suspends Pharmacy After 890 Vaccine Doses Wasted

A pharmacy responsible for distributing the coronavirus vaccine to Ohio nursing homes failed to document storage temperatures for leftover shots, resulting in 890 doses being wasted, the state Health Department said. The agency said it suspended SpecialtyRx in Columbus from … from News – Insurance Journal https://ift.tt/3p82Mnj

Analysis: Fight Over Mississippi Flood Control Project Continues

Farmers and environmentalists have been arguing for decades over proposals for a massive federal flood-control project in the south Mississippi Delta. The fight is continuing into a new presidential administration. Four conservation groups are suing the Environmental Protection Agency, with … from News – Insurance Journal https://ift.tt/39RtKsL

Kansas Insurance Agent to Repay $86K After Guilty Plea

A former Kansas insurance agent from Johnson County has pleaded guilty to insurance fraud charges and agreed to repay nearly $86,000 in restitution, the state’s attorney general’s office reported. Kansas Attorney General Derek Schmidt said Armond R. Peghee, 42, pleaded … from News – Insurance Journal https://ift.tt/3iC1eQ6

N.Y. Court Takes Contrary Position on Insurers’ Right to Recoup Defense Costs

It has long been understood that under New York law, an insurance company may recoup defense costs paid on behalf of an insured once it has been ultimately determined that there was no coverage in connection with the underlying action, … from News – Insurance Journal https://ift.tt/3o0CRfL

Fire Official Says Arcing Power Lines Caused Big Nevada Brush Fire

Satellite imagery and surveillance video from a casino roof 5 miles away helped pinpoint arcing power lines in gale force winds as the cause of a November brush fire that destroyed five Reno homes and damaged two dozen others, investigators … from News – Insurance Journal https://ift.tt/39W1022

Deal Offers More Financial Services for California Cannabis Firms

A California cannabis industry group announced Tuesday that it reached an agreement with a state credit union that will provide checking, wire transfers and other banking services for more marijuana companies, helping ease what has been an obstacle for many … from News – Insurance Journal https://ift.tt/2NqIiIs

Judge Approves Settlement in Annapolis Housing Discrimination Lawsuit

A federal judge has approved a consent decree between the Maryland city of Annapolis and dozens of public housing residents. The Capital Gazette reported Tuesday that the decree will mandate that the city pay a $900,000 settlement in a discrimination … from News – Insurance Journal https://ift.tt/2Ye1paZ

Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains

Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped by an increase in returns from investments and lower catastrophe claims. The company reported a core income of $1.26 billion, … from News – Insurance Journal https://ift.tt/2LRdHDr

China’s Top Financial Regulator Rejects ‘State Monopoly’ Criticism

China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more with global trade rules. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said … from News – Insurance Journal https://ift.tt/394bqO8

Trump Order Allows Government to Block Use of U.S. Cloud Services in Foreign Countries

On his last full day in office, President Donald Trump signed an executive order the White House said was aimed at preventing foreign malicious cyber-actors from using U.S. online infrastructure to carry out their activities. The order, which provides the … from News – Insurance Journal https://ift.tt/39XXF2O

Maryland Insurance Agencies Accuse Erie Insurance of Discriminatory Practices

Three Maryland independent insurance agencies contracted with Erie Insurance have filed complaints with the Maryland Insurance Administration alleging Erie engaged in discriminatory practices against low-income and minority communities in the Baltimore area. The complaints were filed by Baltimore, Maryland-based Baltimore … from News – Insurance Journal https://ift.tt/3p0RukC

French Car Rental Firm’s Credit Insurance Woes Send Warning to Speculators

A failed attempt to settle debt insurance on a struggling French car-rental company is the latest blow to the $9 trillion market in credit derivatives, but this time the focus is on speculators. Protection buyers who didn’t hold any of … from News – Insurance Journal https://ift.tt/3o0aHS5

Japan’s Automakers Adding Safety Technology for Often-Isolated Older Drivers

Automakers in Japan, where almost 30% of the population is 65 or older, are taking the lead on adapting cars so the nation’s legions of elderly drivers can feel more confident — and be safer — behind the wheel. A … from News – Insurance Journal https://ift.tt/39QMUPt

Aviva confirms office closures amid restructure

The provider says it will retain presence in all cities and towns where it currently has offices and notes the move will not result in any redundancies. from Insurer - insuranceage.co.uk https://ift.tt/3sJ03Tq

Bage Appointed CEO at MAX Insurance in Kansas

Overland Park, Kansas-based MutualAid eXchange (MAX) has named Dr. Lisa Bage, currently chief operating officer at MAX, as CEO and president effective Feb. 15, 2021. She will succeed current President and CEO David M. Wine, who is retiring following 20 … from News – Insurance Journal https://ift.tt/3sIKCKS

Alera Group Acquires CSNW Benefits in Oregon

Alera Group has acquired CSNW Benefits in Portland, Ore. The CSNW Benefits team will continue serving clients in their existing roles. Terms of the deal were not announced. CSNW Benefits serves clients throughout the Northwest region, creating employee benefits and … from News – Insurance Journal https://ift.tt/3bYQTMA

Poms & Associates in California Adds Fontelieu and Toland

Poms & Associates has added Ed Fontelieu and Jason Toland to the commercial insurance production team. Fontelieu and Toland will work with Poms & Associates clients to deliver risk management solutions. Fontelieu is based in Fresno, Calif. He joins Poms … from News – Insurance Journal https://ift.tt/2XWall4

2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits

Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021. Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go after agents and brokers after they … from News – Insurance Journal https://ift.tt/390ymO2

Why Now May Be the Best Time to Start an Insurance Agency: Viewpoint

Starting an independent insurance agency, or any business, is a risky proposition. You’re moving from a secure position with a regular income and foreseeable future to a place where uncertainty is the new normal. Some may think that’s truer than … from News – Insurance Journal https://ift.tt/360zK1d

Hub Acquires Assets of MPE Employee Benefit Services of Mississippi

HUB International Limited (Hub), a global insurance broker, has acquired the assets of MPE Employee Benefit Services. Terms of the transaction were not disclosed. Located in Ridgeland, Miss., MPE Employee Benefit Services is a third-party administrator (TPA) providing administration services … from News – Insurance Journal https://ift.tt/3sM9Acg

14 Tanks Burn in Explosion at North Dakota Oil Tank Battery

Authorities say an explosion at an oil tank battery near New Town, North Dakota, on Jan. 18 sent 14 tanks up in flames and caused oil and brine to spill. No injuries were reported. New Town Fire Chief John DeGroot … from News – Insurance Journal https://ift.tt/2XYx6or

DuPont Spinoff Will Contest Charges Over Deadly Gas Leak at Texas Plant

Corteva, a spinoff that took over DuPont’s agriculture division, will contest the charges against DuPont stemming from a 2014 poisonous gas leak that killed four workers at a Houston-area plant. A former DuPont employee has also been charged. Four employees … from News – Insurance Journal https://ift.tt/2XYSUQJ

Corps Could Pay $2.1B Louisiana for Hurricane Protection System

The Army Corps of Engineers is getting nearly $12.5 million to help build a Louisiana hurricane protection system and could pay $2.1 billion of the expected cost, officials said. Three Republicans in Louisiana’s congressional delegation announced approval of the construction … from News – Insurance Journal https://ift.tt/39JfqT2

Oklahoma Dairy Recalls Contaminated Milk Given to Children

Oklahoma schools are advising people to throw away milk products received from districts after a dairy company recalled its chocolate milk because some of it may have been contaminated. Hiland Dairy is recalling 4,800 cases of its one-half pint 1% … from News – Insurance Journal https://ift.tt/39UmZGE

Massachusetts Governor Charlie Baker Vetoes Sweeping Climate Change Bill

Massachusetts Governor Charlie Baker vetoed a sweeping climate change bill Thursday, just days after top Democratic lawmakers on Beacon Hill vowed to immediately refile and pass it again if the Republican refused to sign the legislation. The bill had been … from News – Insurance Journal https://ift.tt/3o0Td8c

ProSight to Become Private Company After Being Acquired by Investors

International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586 million cash. The deal, announced last Friday, means the … from News – Insurance Journal https://ift.tt/35ZUbLP

Maine Court Says Tourette’s Patient Can Sue for Being Denied Procedure

A woman who has Tourette’s syndrome may proceed with her lawsuit against a surgeon who declined to repair her injured shoulder because of her disability, the state Supreme Court ruled. The doctor performed surgery on Carol Cutting’s injured shoulder but … from News – Insurance Journal https://ift.tt/2LFQ68N

Lawsuit Filed on Behalf of Rhode Island Man Injured in Moped Crash

Guardians of a Rhode Island moped driver who was sent into a coma with a head injury after he crashed while being followed closely by a Providence police cruiser filed a federal lawsuit on his behalf alleging brutality and excessive … from News – Insurance Journal https://ift.tt/39O3WxF

AXIS Insurance Hires Aon’s Boswell Brown, Aviva’s Whelan as Renewable Energy U/Ws

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of two additional underwriters within its global Renewable Energy business. Nicholas Boswell Brown and Claire Whelan will join AXIS in April as renewable energy underwriters … from News – Insurance Journal https://ift.tt/3itDr4w

Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS

There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with sellers looking to avoid … from News – Insurance Journal https://ift.tt/3qAVIQd

Aon CEO Greg Case Recognized as Top Ally of LGBTQ+ Employees and Individuals

Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the No. 1 ally on the INvolve OUTstanding LGBT+ Ally Executives list for 2020. INvolve is a global network and … from News – Insurance Journal https://ift.tt/2LQesMT

Liberty Specialty Markets Launches German Terrorism Insurance Coverage

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately. Since LSM entered the market in 2018, business written used the standard London market cover. The new terrorism … from News – Insurance Journal https://ift.tt/3bVq8bT

BI test case: Brokers buried under avalanche as clients clamour to claim

Brokers say national press coverage has led to confusion and a massive increase in client calls as they await communication from insurers on how to proceed. from Insurer - insuranceage.co.uk https://ift.tt/3bXRRZA

AkinovA Granted Bermuda License to Operate as Electronic Insurance Marketplace

AkinovA (Bermuda) Ltd., the wholly owned Bermuda trading subsidiary of AkinovA Ltd., has been granted the first “Insurance Marketplace Provider” license by Bermuda’s financial services regulator. This new category of insurance intermediary provides capital providers, brokers, agents and cover buyers … from News – Insurance Journal https://ift.tt/3qDbn1z

Head Lines: Zurich offers counselling to all claimants

from Insurer - insuranceage.co.uk https://ift.tt/3qC6Igu

Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.

Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber coverage, offering a lucrative opportunity for insurers to capitalize upon. However, … from News – Insurance Journal https://ift.tt/2LP6HqD

AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million

HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, … from News – Insurance Journal https://ift.tt/39HbdPK

Kentucky High Court Orders Online Poker Site to Pay State $1B for Illegal Gambling

The Kentucky Supreme Court ruled last month that an online poker company must pay more than $1 billion to the state for illegal gambling losses in a court battle that began a decade ago. The ruling from the state’s high … from News – Insurance Journal https://ift.tt/2KuonXR

INSUREtrust Makes Multiple Personnel Changes After Merger

Atlanta-based INSUREtrust has announced multiple additions and promotions to its Atlanta team. The company, which was just acquired by Constellation Affiliated Partners, has added Beck Heigl as an account manager. Before INSUREtrust, Heigl was an estimator for a property restoration … from News – Insurance Journal https://ift.tt/2XTQpPN

Tennessee Touts 2020 Growth of Insurance Industry, Consumer Efforts