Mon, 06 Apr 2020 22:10:10 +0000
InterWest Insurance Services has acquired CBS Bond & Insurance Services in Sacramento, Calif. Terms of the deal were not disclosed. CBS specializes in bond and commercial insurance programs. InterWest is a regional insurance brokerage headquartered in ...
Mon, 06 Apr 2020 21:44:05 +0000
California Insurance Commissioner Ricardo Lara today alerted insurance companies that all workers affected by COVID-19 on the job are eligible for workers’ compensation benefits regardless of their immigration status. Lara’s alert includes workers enga...
Mon, 06 Apr 2020 16:51:14 +0000
Louisiana Insurance Commissioner Jim Donelon in late March issued Emergency Rule 40, which places a moratorium on insurance policy cancellations and non-renewals for policyholders in Louisiana. The emergency rule is a result of the statewide public hea...
Mon, 06 Apr 2020 16:44:51 +0000
Southfield, Michigan-based AmeriTrust Group on March 20 said its admitted insurance carriers will guarantee renewal of all general business policies for the next 90 days, except in certain situations including in cases of fraud and misrepresentation, a...
Mon, 06 Apr 2020 16:40:26 +0000
Firefighters kept working on Saturday to slow the spread of western North Carolina wildfires that have spread due to high winds, the U.S. Forest Service said. A fire that began on private property Friday in Haywood County expanded to the …
Mon, 06 Apr 2020 16:35:58 +0000
Madison, Wisconsin-based American Family Insurance says it will return approximately $200 million to its auto insurance customers as the COVID-19 pandemic has dramatically altered driving habits and created financial uncertainty for individuals and fam...
Mon, 06 Apr 2020 16:29:46 +0000
Three residents of a central North Carolina nursing home have tested positive for COVID-19, public health officials announced on Saturday as overall cases statewide exceeded 2,400. The three cases occurred within the population of the Springbrook Rehab...
Mon, 06 Apr 2020 16:24:40 +0000
Federal workplace safety officials have cited 12 businesses with safety violations in connection with partial collapse of the Hard Rock Hotel in New Orleans in which three workers died and 18 others were seriously injured. The U.S. Department of Labor’s …
Mon, 06 Apr 2020 16:16:43 +0000
A federal judge has blocked enforcement of provisions in a Kansas law that ban the secret filming at slaughterhouses and other livestock facilities. U.S. District Judge Kathryn Vratil issued the permanent injunction after finding in January that the st...
Mon, 06 Apr 2020 16:13:48 +0000
A Kansas-based company intends to hire more than 150 new employees in West Des Moines, Iowa, as the state’s unemployment claims continue to soar from the impact of the COVID-19 pandemic. SelectQuote said it is filling the positions as part …
Mon, 06 Apr 2020 16:11:54 +0000
The start date for implementation of the new building code standard for Texas’ property insurance provider for wind and hail in counties along the state’s coastline has been extended. The Texas Department of Insurance (TDI) issued an emergency rule to …
Mon, 06 Apr 2020 16:11:39 +0000
Orchid Underwriters Agency, LLC, an independent managing general underwriters with a focus in catastrophe-exposed properties, has appointed Michael Garamoni as chief financial officer. Garamoni has spent the past 13 years in finance, reporting and plan...
Mon, 06 Apr 2020 15:27:28 +0000
A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are wrongfully refusing to honor their contracts,” s...
Mon, 06 Apr 2020 15:01:04 +0000
The former chief financial officer for a Northern California city destroyed in a 2018 wildfire caused by Pacific Gas & Electric equipment is trying to upend the utility’s plan for getting out of bankruptcy because she believes the company is …
Mon, 06 Apr 2020 14:58:52 +0000
The day after a magnitude 6.5 earthquake rattled Idaho, authorities near the epicenter say there have been no reports of significant damage or injuries. An earthquake struck north of Boise on Tuesday evening, with people across a large area reporting …
Mon, 06 Apr 2020 14:56:43 +0000
An earthquake with a preliminary magnitude of 4.9 rattled much of inland Southern California on Friday evening but no damage or injuries were reported, the U.S. Geological Survey confirmed. The quake struck just after 6:53 p.m. and was centered near …
Mon, 06 Apr 2020 14:01:14 +0000
Insurance carriers are continuing to step forward with offers of help for customers and communities affected by the coronavirus crisis. Allstate announced that its Allstate, Esurance and Encompass personal auto insurance customers will receive a Shelte...
Mon, 06 Apr 2020 13:37:38 +0000
Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also pledged to give $10 million to pandemic relief efforts globally. “We …
Mon, 06 Apr 2020 13:25:23 +0000
Quantemplate, a provider of self-service, cloud-based automated data solutions for the (re)insurance industry, has hired Simon Fagg and Shannon Perry to its New York-based team. The new hires have joined both the sales and solutions teams and are respo...
Mon, 06 Apr 2020 12:41:30 +0000
Pennsylvania Governor Tom Wolf added seven more counties to his order to stay at home as the new virus expanded its reach and Pennsylvania reported another big jump in confirmed COVID-19 cases and deaths. Wolf told residents of Lebanon, Franklin, …
Mon, 06 Apr 2020 12:20:17 +0000
Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance companies won’t provide reimbursements for canceled trips due...
Mon, 06 Apr 2020 10:58:48 +0000
World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry. With the global economy hammered by measures to halt the spread …
Mon, 06 Apr 2020 09:47:52 +0000
Willis Towers Watson is postponing its planned sale of its London wholesale broker subsidiary, Miller Insurance Services. “Given the current COVID-19 outbreak and associated uncertainty, we have paused our current efforts to explore strategic alternati...
Mon, 06 Apr 2020 07:46:59 +0000
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies offer broad, customizable professional liability protection for the full...
Mon, 06 Apr 2020 07:30:03 +0000
The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them well before the pathogen spread across Thailand an...
Mon, 06 Apr 2020 06:55:41 +0000
Billionaire West Virginia Gov. Jim Justice’s coal companies have agreed to pay more than $5 million for thousands of mine safety violations, federal prosecutors said Wednesday. The civil case brought by prosecutors in Virginia last year on behalf of the …
Mon, 06 Apr 2020 06:12:35 +0000
Newport Beach, Calif.-headquartered Alliant Insurance Services has tapped Kevin Dolan and Craig Graham to co-lead the national wrap up insurance team for Alliant Construction Services Group. Dolan is based in New York City and Graham is based in Los An...
Mon, 06 Apr 2020 05:00:19 +0000
The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University’s Tropical Meteorology Project said on Thursday. Four major...
Mon, 06 Apr 2020 05:00:16 +0000
In August, months before the first case of the new coronavirus was documented, some of Colorado’s top health officials gathered in a room at the state Department of Public Health and Environment to train for a pandemic. The hypothetical scenario: …
Mon, 06 Apr 2020 01:46:29 +0000
Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes standing idle at airports, at 205, with Hong …