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News – Insurance Journal
Nevada Supreme Court Rules Undocumented Injured Worker Can Get Benefits
The Nevada Supreme Court has ruled that an undocumented worker is entitled to permanent disability. The court ruled on Nov. 23 that an undocumented worker suffering trauma due to a workplace accident is entitled to permanent total disability, despite a …
POSTED NOVEMBER 25, 2020 9:03 PM |
California OKs Workers’ Comp Advisory Rates, No Virus Adjustment for Now
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.45 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2021. This marks the tenth consecutive reduction to …
POSTED NOVEMBER 25, 2020 7:11 PM |
Louisiana School Superintendents Seeking Looser Quarantine Rules
Leaders of several Louisiana public school systems have called on state officials to relax coronavirus quarantine rules that have sent thousands of students home from school because they have been in close proximity to someone who tested positive for COVID-19. …
POSTED NOVEMBER 25, 2020 5:31 PM |
Texas Proposes Changes to Agent, Adjuster CE Requirements
Texas is proposing changes to continuing education (CE) requirements for agents and adjusters, and is seeking comments on the proposals. Among the CE changes proposed by the Texas Department of Insurance are: An expanded list of approved course topics. Allowing …
POSTED NOVEMBER 25, 2020 5:25 PM |
Next Virus Shutdown May Cost Washington Restaurants $800M
A four-week shutdown on indoor service at restaurants and bars prompted by an alarming statewide spike in COVID-19 cases is expected to cost the industry some $800 million, a representative said Monday. Anthony Anton, chief executive of the Washington Hospitality …
POSTED NOVEMBER 25, 2020 3:20 PM |
AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets
AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers earlier …
POSTED NOVEMBER 25, 2020 3:18 PM |
PrimeOne Insurance Co. in Utah Has Ratings Outlooks Revised to Stable
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of PrimeOne Insurance Co. in Salt Lake City, Utah. The Credit Ratings reflect …
POSTED NOVEMBER 25, 2020 3:15 PM |
California Regulator Raising Concern with PG&E’s Wildfire Safety Measures
The California Public Utilities Commission has raised concerns over certain deficiencies that it says could affect PG&E Corp.’s ability to provide safe and reliable service, the power provider disclosed in a regulatory filing on Wednesday. The regulator, in a letter …
POSTED NOVEMBER 25, 2020 3:11 PM |
Established Insurers Could See Market Share Squeezed by Fintechs, EU Says
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to offer insurance, helped by the …
POSTED NOVEMBER 25, 2020 2:56 PM |
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong Kong through its Lloyd’s platform. Under …
POSTED NOVEMBER 25, 2020 2:43 PM |
West News – Insurance Journal
Nevada Supreme Court Rules Undocumented Injured Worker Can Get Benefits
The Nevada Supreme Court has ruled that an undocumented worker is entitled to permanent disability. The court ruled on Nov. 23 that an undocumented worker suffering trauma due to a workplace accident is entitled to permanent total disability, despite a …
POSTED NOVEMBER 25, 2020 9:03 PM |
California OKs Workers’ Comp Advisory Rates, No Virus Adjustment for Now
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.45 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2021. This marks the tenth consecutive reduction to …
POSTED NOVEMBER 25, 2020 7:11 PM |
Next Virus Shutdown May Cost Washington Restaurants $800M
A four-week shutdown on indoor service at restaurants and bars prompted by an alarming statewide spike in COVID-19 cases is expected to cost the industry some $800 million, a representative said Monday. Anthony Anton, chief executive of the Washington Hospitality …
POSTED NOVEMBER 25, 2020 3:20 PM |
PrimeOne Insurance Co. in Utah Has Ratings Outlooks Revised to Stable
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of PrimeOne Insurance Co. in Salt Lake City, Utah. The Credit Ratings reflect …
POSTED NOVEMBER 25, 2020 3:15 PM |
California Regulator Raising Concern with PG&E’s Wildfire Safety Measures
The California Public Utilities Commission has raised concerns over certain deficiencies that it says could affect PG&E Corp.’s ability to provide safe and reliable service, the power provider disclosed in a regulatory filing on Wednesday. The regulator, in a letter …
POSTED NOVEMBER 25, 2020 3:11 PM |
Crest Insurance in Arizona Adds Sunbelt’s Bouve as Commercial Broker
Crest Insurance Group LLC of Scottsdale, Ariz., has added Taylor Bouve as a commercial broker. Bouve has more than six years of experience in insurance. He was previously an account executive at Sunbelt Insurance Holdings LLC, and was with Zenefits …
POSTED NOVEMBER 25, 2020 6:00 AM |
Woodruff Sawyer in California Adds Pearson to Launch Family Office Group
Woodruff Sawyer in San Francisco, Calif., has named Judith Pearson to launch The Family Office & Trustee Liability Resource Group. Pearson educates individual and institutional trustees and other fiduciaries to identify and reduce risk as well as provide solutions to …
POSTED NOVEMBER 25, 2020 6:00 AM |
Best Agency to Work For West: The Buckner Co.
Words like “fair,” “ethical, and “accommodating,” may not top a list of words you’d think would energize workers, but there was no shortage of enthusiasm found in comments from employees who heaped praise on The Bucker Co. in Salt Lake …
POSTED NOVEMBER 25, 2020 6:00 AM |
Colorado Outfitter Sues Former Guide, Claims ‘Trade Secrets’
Stephen Bass approached Andy Sovick last year with a plan for writing a guide to snowmobile-access skiing around one of the most popular backcountry destinations in Colorado: Buffalo Pass near Steamboat Springs. Bass, a ski patroller at Utah’s Powder Mountain …
POSTED NOVEMBER 24, 2020 3:04 PM |
Eberl in Colorado Names Morris Vice President of Sales
Lakewood, Colo.-based Eberl Claims Service has named Phillip Morris vice president of sales. Morris has more than 14 years of sales, marketing, claims-handling and insurance-industry experience. Previous workplaces include ThePowerMBA, Syndicate Claim Services Inc., the Hanover Insurance Group and Allstate …
POSTED NOVEMBER 24, 2020 6:00 AM |
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