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News – Insurance Journal
Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling
Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will be on the hook for …
POSTED JUNE 18, 2021 9:24 PM |
Ship Carrying Chemicals Sinks Near Sri Lanka Capital, Prompting Pollution Fears
COLOMBO, Sri Lanka – A container ship carrying chemicals sank off Sri Lanka’s capital on Thursday nearly a month after catching fire, raising concerns about a possible environmental disaster. The ship’s operator said the wreck of the Singapore-flagged X-Press Pearl …
POSTED JUNE 18, 2021 8:11 PM |
Scale Underwriting Introduces Social Media Influencer Liability
Scale Underwriting, a Founder Shield company that provides tailored insurance products for high-growth companies, has launched Scale Social, a media liability insurance policy for social media influencers and their agencies. Scale Social provides US-based influencers and agencies, particularly those with …
POSTED JUNE 18, 2021 4:34 PM |
South Dakota Records Second Earthquake This Month
Another earthquake has been recorded in South Dakota, the fifth since December. According to the United States Geological Survey, a 2.6 magnitude quake was recorded about 6:30 a.m. Wednesday with the epicenter about 60 miles east of Rapid City. It’s …
POSTED JUNE 18, 2021 4:27 PM |
People Moves: Carpenter’s Schwebach to Aon’s Reinsurance Solutions; Mellor to Credit and Political Risks Team at Miller
This wrap-up of international People Moves details two recent appointments at Aon’s Reinsurance Solutions and insurance broker Miller, in Minneapolis and London, respectively. A summary of these new hires follows here. Insurance broker Aon plc announced that Eric Schwebach has …
POSTED JUNE 18, 2021 4:23 PM |
People Moves: W.R. Berkley Promotes Middleton; PMA Promotes Hopper
Middleton Appointed President of Berkley Mid-Atlantic Group W. R. Berkley Corporation has appointed Michelle D. Middleton as president of Berkley Mid-Atlantic Group (BMAG). She succeeds John F. Kearns, who has been named chairman of the operating unit and will remain …
POSTED JUNE 18, 2021 3:22 PM |
AM Best Upgrades Credit Ratings of Southern Mutual Church Insurance
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Southern Mutual Church Insurance Co. in Columbia, South Carolina. The ratings firm also …
POSTED JUNE 18, 2021 3:15 PM |
Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case.
The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s a message that Aon CEO Greg Case has been emphasizing since the $30 billion deal was announced in March 2020. …
POSTED JUNE 18, 2021 3:10 PM |
FEMA Extends Aid Deadline in 31 Kentucky Counties Hit by Flooding
Federal emergency officials have extended a deadline for Kentuckians to register for assistance due to damage from severe flooding, Gov. Andy Beshear said. The deadline to apply for help from the Individual Assistance program is now July 8, he said. …
POSTED JUNE 18, 2021 3:09 PM |
New Mexico Public Defender Agency Settles Gender Pay-Gap Suit
Several female attorneys and investigators at the state Law Offices of the Public Defender are getting raises to resolve a lawsuit that alleged unfair compensation in comparison with better-paid male colleagues. Five employees at the public defender’s offices are receiving …
POSTED JUNE 18, 2021 2:30 PM |
West News – Insurance Journal
Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling
Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will be on the hook for …
POSTED JUNE 18, 2021 9:24 PM |
New Mexico Public Defender Agency Settles Gender Pay-Gap Suit
Several female attorneys and investigators at the state Law Offices of the Public Defender are getting raises to resolve a lawsuit that alleged unfair compensation in comparison with better-paid male colleagues. Five employees at the public defender’s offices are receiving …
POSTED JUNE 18, 2021 2:30 PM |
Waymo in California Getting $2.5B to Fuel Self-Driving Ambitions
Waymo, the self-driving car pioneer spun off from Google, isn’t allowing a recent wave of executive departures to detour its plans to expand its robotic taxi service. The Mountain View, California, company made that clear Wednesday by announcing it has …
POSTED JUNE 18, 2021 2:28 PM |
Bamboo Insurance Acquires First American P/C Agency to Expand Nationally
Bamboo Insurance has acquired certain of the assets of First American Property and Casualty Insurance Agency of Santa Ana, Calif. from parent company title insurer, First American Financial Corp., which is exiting the property/casualty business. The assets acquired by the …
POSTED JUNE 18, 2021 1:19 PM |
People Moves: Lockton Names Harrison Market Leader in California, Hanleigh Names Haley Sales Director
Lockton Insurance Brokers LLC has named Sherri Harrison, senior vice president, to market leader. Harrison is responsible for clients, people, operations and the growth of the benefits practice in San Diego, Calif., and Orange County, Calif. Harrison has more than …
POSTED JUNE 17, 2021 9:26 PM |
Cannabis Wholesaler Cannasure Now Operating in California
Cannasure Insurance Services is now providing its wholesale brokerage and managing general agent services to retail brokers representing insureds domiciled in California. Cannasure announced it will offer property capacity of up to $40 million in total insured values as well …
POSTED JUNE 17, 2021 5:18 PM |
Fire Danger Rises as Heat Grips Parts of Montana, Wyoming
Authorities warned of extreme wildfire dangers as a sweltering heat wave was forecast to intensify across much of Montana and northern Wyoming on Tuesday after already delivering record high temperatures. National Weather Service forecasters said the highs could approach 110 …
POSTED JUNE 17, 2021 2:05 PM |
Judge OKs $15M Settlement in Arizona Over Rape of Incapacitated Woman
A judge has approved a $15 million settlement against a doctor in a lawsuit by the parents of an incapacitated woman who was sexually assaulted and later gave birth at a Phoenix, Ariz. long-term care center, marking the last of …
POSTED JUNE 17, 2021 2:03 PM |
California Farmers Being Told Drought Could Cut Off Their Water
Thousands of Central California farmers were warned Tuesday that they could face water cutoffs this summer as the state deals with a drought that already has curtailed federal and state irrigation supplies. The State Water Resources Control Board notified about …
POSTED JUNE 17, 2021 1:58 PM |
Cornerstone Acquires Cannabis Specialist CLIC in California
Cornerstone Risk Solutions LLC, a Denver, Colo.-based subsidiary of IMA Inc., has acquired CLIC Management NV LLC, a managing general agent of group-based insurance programs for the legal cannabis industry. CLIC Management has offices in San Diego, Calif., and serves …
POSTED JUNE 16, 2021 5:16 PM |
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