April 22, 2021

Thu, 22 Apr 2021 21:25:09 +0000
A case pitting several insurer groups against Washington Insurance Commissioner Mike Kreidler is set to be heard on Friday morning. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents of Washington and the Amer...
Thu, 22 Apr 2021 17:25:31 +0000
There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s webinar in mid-April, How Insurance …
Thu, 22 Apr 2021 16:59:34 +0000
South Carolina’s governor is pushing state lawmakers to approve a bill that would prevent people who contract COVID-19 from suing businesses and other groups that have followed federal and state health guidelines. In a letter sent Monday to House membe...
Thu, 22 Apr 2021 16:57:06 +0000
A company facing resistance to its plans to build an oil pipeline over an aquifer that provides drinking water to 1 million people has asked for a “mutual pause” in its dispute with city officials in Memphis, Tennessee. Plains All …
Thu, 22 Apr 2021 16:52:40 +0000
Michigan Gov. Gretchen Whitmer recently announced changes in the state’s contracting process to ensure construction and other companies are not rewarded with government money for payroll fraud such as misclassifying workers as independent contractors. ...
Thu, 22 Apr 2021 16:47:07 +0000
The South Dakota Department of Public Safety says no criminal charges are expected as a result of a large wildfire west of Rapid City. A debris pile is believed to be the source of a fire that burned about 3.5 …
Thu, 22 Apr 2021 16:46:56 +0000
Honda Motor Co said on Wednesday it had confirmed the 19th U.S. death tied to a ruptured Takata air bag inflator since 2009 — and the 16th in one of its vehicles. The Japanese automaker said that following a joint …
Thu, 22 Apr 2021 16:30:11 +0000
A bill increasing the mobility of professional and occupational licensing across state lines passed unanimously out of the Senate. House Bill 2873, creates the Universal Licensing Recognition Act. The measure provides that a person moving to Oklahoma w...
Thu, 22 Apr 2021 16:26:38 +0000
Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx …. Insurtech Bold Penguin is making it easier for agents and small business customers to secure to coverage by the month or by the …
Thu, 22 Apr 2021 16:25:20 +0000
If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking the world economy by 18%, according to new research from Swiss Re. Climate change poses the biggest long-term threat to …
Thu, 22 Apr 2021 16:18:00 +0000
A Minnesota-based excavation company has agreed to increase employee training on trenching and excavation hazards and pay a $380,000 penalty in a settlement agreement with the U.S. Department of Labor Occupational Safety and Health Administration. Wagn...
Thu, 22 Apr 2021 16:08:01 +0000
The Hilb Group LLC (THG) has acquired Houston, Texas-based Clarus Benefits Group LLC (CBG). The transaction became effective on April 1, 2021, and represents THG’s expansion into Texas. CBG is an employee benefits and human resources consulting firm, p...
Thu, 22 Apr 2021 15:57:56 +0000
As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating …
Thu, 22 Apr 2021 14:54:56 +0000
The number of Americans taking prescription medication is up 6.4% in the last year, which means that 65 million people (1 in 5) are now prescribed medication to help them cope with stress, anxiety or depression, according to an online …
Thu, 22 Apr 2021 14:27:16 +0000
The White House on Wednesday announced an effort to provide immediate support to farmers, tribes and communities suffering from worsening drought conditions in the Western United States. After a meeting of the National Climate Task Force, President Joe...
Thu, 22 Apr 2021 12:25:08 +0000
This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital H...
Thu, 22 Apr 2021 12:02:30 +0000
After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its first quarter filings. The Hartford’s …
Thu, 22 Apr 2021 11:18:23 +0000
Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits. In a data breach notification filed with Californi...
Thu, 22 Apr 2021 10:51:49 +0000
MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others who jumped off a cargo vessel, which took in water and listed after its anchor broke in rough seas, officials …
Thu, 22 Apr 2021 10:00:43 +0000
A Long Island, New York, superstructure, foundation and concrete company will pay $135,612 in penalties stemming from the collapse of an approximately 30-foot deep trench in Oyster Bay that led to the deaths of two workers. Following a January 2020 …
Thu, 22 Apr 2021 10:00:40 +0000
A fire at the Domino Sugar plant sent white smoke billowing over the Inner Harbor in Baltimore, Maryland, last Tuesday, but no injuries were immediately reported, a fire department spokeswoman said. A conveyer belt apparently carried a burning substanc...
Thu, 22 Apr 2021 10:00:26 +0000
Massachusetts Eye and Ear Infirmary, Massachusetts Eye and Ear Associates Inc. and the Foundation of the Massachusetts Eye and Ear Infirmary Inc., collectively referred to as Massachusetts Eye and Ear, have agreed to pay $2.678 million to resolve alleg...
Thu, 22 Apr 2021 07:27:29 +0000
Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Florida’s insurance regulator earlier this month. The Florida Department of Financial Services, which...
Thu, 22 Apr 2021 07:15:52 +0000
AXA XL Insurance announced it has established a global partnership with SpaceAble, a start-up specializing in space situational awareness (SSA), to better support satellite operators and organizations operating in space. Based in France and a leading E...
Thu, 22 Apr 2021 07:00:14 +0000
Bermuda-based Argo Group International Holdings Ltd. announced estimated catastrophe losses of approximately $47 million for the first quarter of 2021. Argo expects to report Q1 natural catastrophe losses of approximately $43 million, primarily related...
Thu, 22 Apr 2021 06:00:14 +0000
BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban on most surveillance, in an attempt to set global standards for a key technology dominated by China and the United …
Thu, 22 Apr 2021 06:00:05 +0000
Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a group of reinsurers studied by Aon reported positive earnings for 2020 and an increased capital base, aided ...
Thu, 22 Apr 2021 05:45:07 +0000
LONDON — Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored asset class for insurers seeking to …
Thu, 22 Apr 2021 05:45:01 +0000
Howden, the London-based insurance broker, has announced the acquisition of ARTAI, Spain’s largest independent corporate insurance broker. The transaction, which is pending approval from Spain’s Directorate General of Insurance (DGSFP), will see Howden...
Thu, 22 Apr 2021 05:00:51 +0000
Phoenix Ariz.-based CopperPoint has named Bob Roland chief operating officer adding to his responsibilities as chief administrative officer. Roland succeeds Scott Shader, who announced his retirement effective April 1. Roland joined CopperPoint in 2017...