October 27, 2020

Tue, 27 Oct 2020 17:50:11 +0000
California Insurance Commissioner Ricardo Lara has issued a notice closing the record for the Jan. 1, 2021 workers’ compensation pure premium rate filing. The Workers’ Compensation Insurance Rating Bureau of California on Oct. 5 testified at a Californ...
Tue, 27 Oct 2020 16:56:53 +0000
CFC has launched a new product designed to address intellectual property (IP) infringement risks facing buyers undertaking a merger or acquisition. The product offers protection to buyers for IP infringement risks associated with their merger or acquis...
Tue, 27 Oct 2020 16:42:59 +0000
A sinkhole that opened earlier this month in a north Florida neighborhood expanded on Thursday, leading officials to urge residents from six nearby homes to evacuate. Johnnie Candiano, 22, his brother Beau Candiano, 20, and cousin Mason Morton had been …
Tue, 27 Oct 2020 16:38:37 +0000
A property insurer is off the hook for a $200,000 claim against a policy that it canceled, leaving a lawsuit filed against a former insurance agent who was arrested for pocketing premiums as the only apparent recourse available to the …
Tue, 27 Oct 2020 16:31:22 +0000
Insurance broker Marsh announced the appointment of Carolina Klint as risk management leader for Continental Europe. Based in Stockholm, Klint will report to Siegmund Fahrig, CEO of Marsh Continental Europe. In her role, she will be responsible for del...
Tue, 27 Oct 2020 16:15:13 +0000
Residents in the Texas border city of El Paso have been urged to stay home for two weeks as a spike in coronavirus cases overwhelms hospitals, prompting the state to dedicate part of the city’s civic center as a makeshift …
Tue, 27 Oct 2020 15:18:00 +0000
Typhoon Molave killed at least nine people and left 13 others missing in the Philippines, according to disaster-response officials, before heading over to the South China Sea on its way to Vietnam. The storm affected more than 900,000 in the …
Tue, 27 Oct 2020 15:06:10 +0000
Crews tried to beat back two out-of-control wildfires in Southern California on Tuesday that have kept tens of thousands of people out of their homes. Fierce winds that drove twin fires through brushy hills near cities in Orange County a …
Tue, 27 Oct 2020 15:01:43 +0000
Two Oregon wine grape growers have failed to convince a state judge their grapes would be marred by odors from a neighboring marijuana operation. Yamhill County Circuit Court Judge Cynthia Easterday ruled that Smera Vineyard and Maysara Winery haven’t ...
Tue, 27 Oct 2020 13:17:35 +0000
Five people were hospitalized after a report of chemical exposure at a factory store in Skowhegan that led to the building’s evacuation on Thursday. The exposure led to the evacuation of the New Balance Factory Store, the Morning Sentinel reported. …
Tue, 27 Oct 2020 13:15:17 +0000
The Hanover Insurance Group Inc. (THG) has expanded its business in Maryland to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base. The Hanover has a presence in the …
Tue, 27 Oct 2020 13:00:04 +0000
Independent insurance agency Ensurise LLC has merged with the property and casualty insurance brokerage operations of American Heritage Insurance Agency Inc. The merger was effective October 1, 2020. American Heritage Insurance Agency will continue to ...
Tue, 27 Oct 2020 12:53:28 +0000
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don’t lose concentration and …
Tue, 27 Oct 2020 12:49:50 +0000
There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in 2019, according to a report from consulting firm OPTIS Partners. The Chicago-based firm said deal activity was …
Tue, 27 Oct 2020 12:34:21 +0000
Uber Technologies Inc. was accused in a lawsuit of violating the U.S. Civil Rights Act by firing minority drivers based on how they’re rated by customers. “Uber is aware that passengers are prone to discriminate in their evaluation of drivers, …
Tue, 27 Oct 2020 12:16:59 +0000
Goldman Sachs Group Inc. attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation, a lawsuit filed on Monday in New York State Supreme Court claimed. The lawsuit was filed by Marla Crawford, a …
Tue, 27 Oct 2020 12:12:05 +0000
When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North American vehicle production to an unprecedented cold stop. Now, four months after a slow and sometimes bumpy restar...
Tue, 27 Oct 2020 10:43:14 +0000
Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country’s largest insurer by market value attracted more retail customers. Net profit rose …
Tue, 27 Oct 2020 09:52:43 +0000
Zeta will move into the Gulf of Mexico in the next few hours after making landfall on the Yucatan Peninsula, then regain strength as it heads north toward Louisiana and likely comes ashore Wednesday. Now a tropical storm again, Zeta’s …
Tue, 27 Oct 2020 06:38:15 +0000
Dwayne “Dewey” Gantz has joined Merrill, Wis.-based Church Mutual Insurance Co. as senior vice president – Finance, He reports to Kevin Root, executive vice president – Operations, and will collaborate with Jeff Steffen, current senior VP and CFO, ...
Tue, 27 Oct 2020 06:33:22 +0000
The highest tides of the year, known as king tides, are here again to flood roads, parks and the occasional home or business. This year, in addition to the army of flood pumps coastal cities deploy to keep streets dry, …
Tue, 27 Oct 2020 05:48:09 +0000
Growing corn and soybeans will become increasingly challenging for Kansas farmers as the climate warms, according to a recent Kansas State University study. The study found that drought and heat are currently the biggest reason for crop yield losses and …
Tue, 27 Oct 2020 05:46:18 +0000
Damage from Hurricanes Laura and Delta has prompted Louisiana to extend the deadline for fisheries’ workers and businesses to apply for help under a coronavirus pandemic program. Instead of ending on Oct. 26, the application period will now last through …
Tue, 27 Oct 2020 05:35:16 +0000
The Independent Insurance Agents of Illinois (IIA of IL) has presented MH Insurance Centre LLC of Marion, Ill., with the IIA of IL Agency of the Year Award. The Agency of the Year Award is presented to an IIA of …
Tue, 27 Oct 2020 05:00:58 +0000
Honda has agreed to a $5 million settlement with Arizona over allegations that it failed to disclose defects in air bags that led to two deaths there, the state’s top attorney said. Attorney General Mark Brnovich announced the settlement over …
Tue, 27 Oct 2020 05:00:48 +0000
A judge has given final approval to a $78 million settlement by a medical helicopter company that was sued by its California flight crew employees over unpaid overtime and missed breaks. The decision last week by Alameda County Superior Court …
Tue, 27 Oct 2020 05:00:46 +0000
Despite the economic challenges from the coronavirus pandemic, the workers’ compensation insurance market is likely to report strong profitability in 2020 thanks to savings from lower claims frequency due that are currently outpacing pandemic-related l...
Tue, 27 Oct 2020 05:00:11 +0000
A long-term care facility in Montana has been sued after health officials said its staff was negligent and allowed the coronavirus to spread through the facility in Whitefish earlier this year. The lawsuit has been filed by the estates of …
Mon, 26 Oct 2020 22:17:26 +0000
American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company. Peter Zaffino, currently AIG’s president and chief operating officer, will become its nex...
Mon, 26 Oct 2020 19:36:36 +0000
A Travis County, Texas, judge has approved an order placing a Houston-based nonstandard auto insurer into receivership. On Oct. 21, Travis County District Judge Tim Sulak signed the application by the Texas Department of Insurance to appoint a rehabili...