July 9, 2020

Thu, 09 Jul 2020 16:58:25 +0000
The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact coverage availability and affordability ...
Thu, 09 Jul 2020 16:52:52 +0000
A Nebraska egg processing company has agreed to invest $2 million in upgrades to its facility to limit pollution and pay an $827,500 fine as part of a settlement with the Environmental Protection Agency and the state. The EPA said …
Thu, 09 Jul 2020 16:47:40 +0000
Texas suffers from more than $1 billion in losses from motor vehicle crime each year, according to the Motor Vehicle Crime Prevention Authority (MVCPA), a division of the Texas Department of Motor Vehicles. To help Texans fight back, MVCPA’s board …
Thu, 09 Jul 2020 16:39:00 +0000
The Independent Insurance Agents of Texas (IIAT) elected Mark Bridges of INSURICA in Amarillo to serve as vice chair for 2020-2021. Bridges was elected to the post during IIAT’s annual business meeting on June 10, which was held virtually. Bridges …
Thu, 09 Jul 2020 16:34:15 +0000
The Republican Party of Texas’ in-person convention has been canceled, Houston Mayor Sylvester Turner said on July 8. The news came after Turner directed the city’s legal department to work with the Houston First Corp., which operates the George R. …
Thu, 09 Jul 2020 16:27:57 +0000
A Chicago-area candy company has been fined nearly $500,000 for workplace injuries, including a fingertip amputation, federal regulators said. The incidents occurred at Ferrara Candy in Bellwood, Ill. An employee lost a fingertip in January. Another wo...
Thu, 09 Jul 2020 16:27:26 +0000
Missouri leaders knew the risk of convening thousands of kids at summer camps across the state during a pandemic, the state’s top health official said, and insisted that camp organizers have plans in place to keep an outbreak from happening. …
Thu, 09 Jul 2020 16:24:57 +0000
BrokerTech Ventures, an insurance broker-led platform and accelerator program based in Des Moines, Iowa, has added four super-regional and national insurance firms as partners: The Cincinnati Insurance Companies, Fairfield, Ohio RT Specialty LLC, Chica...
Thu, 09 Jul 2020 14:42:41 +0000
Hawaiian Airlines Inc. says 13 of its employees have tested positive for the coronavirus following an annual training course. The employees who tested positive for COVID-19 took part in flight attendant training at the airline’s Honolulu headquarters a...
Thu, 09 Jul 2020 14:40:41 +0000
Colorado has filed a lawsuit against an e-cigarette manufacturer saying the company marketed products to children and downplayed health risks. The lawsuit filed in Denver District Court this week says Juul Labs Inc. violated the Colorado Consumer Prote...
Thu, 09 Jul 2020 14:05:13 +0000
Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis. “With the political landscape and Brexit, it was an obvious choice for us to focus our attention on the U.S.,” …
Thu, 09 Jul 2020 13:47:59 +0000
Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses quickly—following through on an earlier promise from CEO Evan Gre...
Thu, 09 Jul 2020 12:54:52 +0000
Workers in the City of London need to have greater confidence that traveling on the capital’s public transport system is safe before they will return to their offices amid “mixed messages” from officials, financial industry representatives said. More t...
Thu, 09 Jul 2020 12:25:41 +0000
CBIZ Inc. has acquired substantially all of the assets of Prince-Wood Insurance L.L.C. (PWI) of Woodbridge, Va., effective July 1, 2020. Established in 1967, PWI provides property and casualty insurance to small and mid-sized businesses in Northern and...
Thu, 09 Jul 2020 12:23:30 +0000
World Insurance Associates LLC (WIA) has acquired Bentsen Combies Insurance Inc. of East Greenwich, R.I., on June 1, 2020. Terms of the transaction were not disclosed. Bentsen Combies is an independent insurance agency that has been serving the local c...
Thu, 09 Jul 2020 12:18:09 +0000
Court proceedings to determine criminal sanity for a man who pleaded guilty to killing five people at Maryland newspaper have been postponed because of the coronavirus pandemic. Jarrod Ramos’ pre-trial hearings have been moved to August and a sanity tr...
Thu, 09 Jul 2020 12:00:34 +0000
There’s a fairly large flaw in the way that programmers are currently addressing ethical concerns related to artificial intelligence (AI) and autonomous vehicles (AVs). Namely, existing approaches don’t account for the fact that people might try to use...
Thu, 09 Jul 2020 07:24:42 +0000
Patriot Growth Insurance Services, LLC, a nationwide insurance agency, has added two Florida-based independent agencies, Arison Insurance Services, and Ference Insurance (FIA), to the Patriot platform. Arison and FIA each provide a variety of individua...
Thu, 09 Jul 2020 06:59:48 +0000
Crawford & Company, a publicly listed independent provider of claims management and outsourcing options to carriers, brokers and corporates, has appointed Paul Kottler as president of Global Technical Services (GTS) U.S. Effective July 8, Kottler assum...
Thu, 09 Jul 2020 06:30:17 +0000
A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a self-serve platform. This will ...
Thu, 09 Jul 2020 06:15:04 +0000
Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber risk exposure. The CRA-Zones™ framework defines the minimal elements needed to provide a view of cyber risk ag...
Thu, 09 Jul 2020 06:00:07 +0000
AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark. The asset management unit of French insurer AXA said on Wednesday …
Thu, 09 Jul 2020 05:30:51 +0000
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses caused by …
Thu, 09 Jul 2020 05:00:45 +0000
The U.S. Supreme Court struck two blows for religious rights, including a decision that upholds Trump administration rules giving employers a broad right to refuse to offer birth control through their health plans. The justices also gave religious orga...
Thu, 09 Jul 2020 05:00:32 +0000
Analysts have rapidly lifted their earnings forecasts for a global litigation financier on expectations that the pandemic could spark more legal disputes. Forward consensus earnings estimates for Sydney-listed Omni Bridgeway Ltd. have more than doubled...
Thu, 09 Jul 2020 05:00:29 +0000
A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups have rejected the idea. Although the text of H.R. 7...
Thu, 09 Jul 2020 05:00:16 +0000
USG Insurance Services Inc. has named Amanda Aubry as a producer/broker in commercial lines in the Scottsdale, Ariz., office. Aubry has 18 years of insurance industry experience. She was previously a senior underwriter at Chubb. She was with Risk Place...
Thu, 09 Jul 2020 05:00:13 +0000
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
Wed, 08 Jul 2020 21:12:50 +0000
Willis Re, the reinsurance division of Willis Towers Watson, announces the appointment of James Moss as co-head of Willis Re Specialty’s Casualty practice. In his role, Moss will work in tandem with Chirag Shah to lead Willis Re Specialty’s Casualty …
Wed, 08 Jul 2020 16:59:10 +0000
Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired Avant, LLC. (Avant), a transportation program administrator and wholesale brokerage firm, with specialty cannabis and supermarket...