August 11, 2020
Tue, 11 Aug 2020 21:15:05 +0000
The stage has been set for a major battle over a California bill due to be heard in the next few weeks in a key committee that opponents say is a direct attack on insurance consumer protections and proponents say …
Tue, 11 Aug 2020 20:46:55 +0000
Meliton Hernandez Martinez Jr., 23, was arraigned today at the Merced County Superior Court in California on multiple felony counts of insurance fraud and a misdemeanor count of filing a false police report, after allegedly instigating a physical alter...
Tue, 11 Aug 2020 20:42:30 +0000
Riley Presher, of Twin Falls, Idaho, was sentenced on Monday for insurance fraud in violation of Idaho Code 41-293. Presher on Dec. 15, 2017, purchased insurance and filed a claim for an accident he stated occurred that same day. When …
Tue, 11 Aug 2020 19:25:51 +0000
Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of two-thirds of its revenues in the first quarter alone due to the pandemic. Ralph Lauren Corp. (RLC) maintains that Factory …
Tue, 11 Aug 2020 16:53:22 +0000
There will be an additional $20.50 fee on insurance form filings beginning Sept. 1 in Texas, the state insurance department has reported. The Texas Department of Insurance said fee will support a technology project that uses artificial intelligence and...
Tue, 11 Aug 2020 16:49:19 +0000
COVID-19 has become a large chunk of a dwindling number of workers’ compensation claims in Florida and California, limited data shows. The number of COVID-19 workers’ compensation claims reported in California more than quadrupled to 22,621 since the l...
Tue, 11 Aug 2020 16:46:29 +0000
The board of directors of Texas’ property insurer last resort for wind and hail in the state’s coastal counties has voted to file a 0% rate change with the Texas Department of Insurance The Texas Windstorm Insurance Association is required …
Tue, 11 Aug 2020 16:38:23 +0000
The DoubleTree Hotel in Jefferson City, Mo., will pay $45,000 and furnish other relief to settle a sexual harassment lawsuit filed, federal employment officials say. According to a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC...
Tue, 11 Aug 2020 16:36:22 +0000
Aon plc and Willis Towers Watson announced that two leading proxy advisory firms have recommended that shareholders vote in favor of the companies’ proposed combination. Institutional Shareholder Services Inc. (ISS) said the strategic rationale of the ...
Tue, 11 Aug 2020 16:29:43 +0000
Deerfield, Illinois-based Alera Group, a national employee benefits, property casualty, retirement services and wealth management firm, has acquired Alper Services LLC in Chicago. The acquisition was effective Aug.1. Founded in 1966 and led by CEO Lesl...
Tue, 11 Aug 2020 16:25:03 +0000
A storm packing hurricane-force winds tore across the U.S. Midwest on Aug. 10, causing widespread property damage in cities and rural towns and leaving more than half a million homes and businesses without power. The storm compounded troubles for a …
Tue, 11 Aug 2020 16:15:09 +0000
The Liberty Company Insurance Brokers has added David McMinimy as a commercial producer in its Liberty White unit in Houston. McMinimy has years of experience specializing in construction risks. He previously was with Allen Insurance Brokers. In additi...
Tue, 11 Aug 2020 14:19:14 +0000
The U.S. National Oceanic and Atmospheric Administration (NOAA) last Thursday predicted up to 16 more named tropical storms this year, to as many as 25, the highest in the agency’s history. The 2020 Atlantic hurricane season, which began on June …
Tue, 11 Aug 2020 14:09:33 +0000
The number of COVID-19 cases in California stood at 554,160 cases Sunday, according to state health department officials. The California Department of Public Health said in a release that there have been 8,826,119 tests conducted in California, an incr...
Tue, 11 Aug 2020 13:15:13 +0000
Dr. Leroy David Nunery II has joined the Million Women Mentors’ Women in Insurance Initiative (MWM WII) as a senior advisor for Diversity, Equity & Inclusion (DE&I), and will help the organization advance its work toward a more diverse insurance …
Tue, 11 Aug 2020 13:03:48 +0000
Reinsurer AXIS Re announced the promotion of Dan Osterrieder to head of Casualty North America. Osterrieder will be responsible for general liability, auto, umbrella and excess, workers’ compensation, professional and management liability, among other ...
Tue, 11 Aug 2020 12:55:27 +0000
Honda Motor Co. is offering an app that scores the safety of car owners’ driving habits and links with insurance carriers that can offer discounts to drivers who are deemed a good risk. The Driver Feedback app is available to …
Tue, 11 Aug 2020 12:15:22 +0000
Senate Majority Leader Mitch McConnell’s insistence that legal liability protections for businesses, schools and colleges be included in any new coronavirus relief bill is approaching a moment of reckoning. Warning that an avalanche of litigation would...
Tue, 11 Aug 2020 11:33:35 +0000
The Lloyd’s re/insurance market announced the latest cohort of insurtech disruptors that will join its Lloyd’s Lab innovation accelerator program with a focus on COVID-19 products and solutions. The insurtechs will look at new types of insurance to sup...
Tue, 11 Aug 2020 11:14:20 +0000
A New Hampshire contractor was arrested on July 31, 2020, and will be arraigned this week in connection with charges for theft, forgery and unfair or deceptive business practices. New Hampshire Attorney General Gordon J. MacDonald announced that Brian ...
Tue, 11 Aug 2020 11:01:05 +0000
Connecticut Attorney General William Tong has warned Connecticut residents to be on alert for tree removal, power restoration or other repair scams in areas still without power or where heavy damage resulted from Tropical Storm Isaias. After past signi...
Tue, 11 Aug 2020 10:42:57 +0000
A single tornado cut a record 29-mile swath of damage through Delaware as Tropical Storm Isaias pelted the mid-Atlantic region with high winds and heavy rains earlier this week, according to the National Weather Service. Officials said the distance cov...
Tue, 11 Aug 2020 08:55:42 +0000
Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber attacks, pandemics and climate change, according to McKinsey & Co., which estimates the COVID-19 crisis could top $5 trillion in …
Tue, 11 Aug 2020 08:01:30 +0000
The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61 billion (US$1.9 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastr...
Tue, 11 Aug 2020 07:29:28 +0000
Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insuran...
Tue, 11 Aug 2020 07:06:34 +0000
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy Carpenter said on Monday. Overall insured losses …
Tue, 11 Aug 2020 07:02:14 +0000
The former Atlanta police officer who fatally shot Rayshard Brooks is suing the mayor and interim police chief, saying his firing violated his constitutional rights and the city code. Meanwhile, prosecutors have asked a judge to revoke his bond. Garrett …
Tue, 11 Aug 2020 06:55:59 +0000
It was supposed to be an easy job – not one that would shut down an entire city. But a series of major goofs and errors turned an underground drilling project into a nightmarish tale where the water pipes ran …
Tue, 11 Aug 2020 06:50:00 +0000
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident. The incident has befouled the white-sand beaches of the Mauritian coast …
Tue, 11 Aug 2020 06:21:24 +0000
Trident Marine Managers, Inc. (Trident) has reached a delegated authority underwriting agreement with Nationwide E&S to provide recreational marine and marine equipment insurance, along with workers’ compensation coverage. Trident, a subsidiary of RSG ...