December 4, 2020
Fri, 04 Dec 2020 11:09:02 +0000
Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies as the economy is hit by a second wave of the coronavirus pandemic. Under the deal, which still requires a …
Fri, 04 Dec 2020 10:37:41 +0000
HAVANA/GUATEMALA CITY – Villagers in Guatemala’s Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take three years to grow when waves of floodwater triggered by two tropical storms last month washed them away. Now t...
Fri, 04 Dec 2020 10:09:57 +0000
CHENNAI – A cyclone that brought heavy rain to parts of southern India and neighboring Sri Lanka has weakened into a “practically stationary” deep depression, India’s weather office said on Friday. It was not immediately clear how much damage the …
Fri, 04 Dec 2020 07:35:13 +0000
At long last, the 2020 Atlantic hurricane season has officially ended. The grim statistical tally highlights a dramatic year, the most active in recorded history. This year saw 30 named storms and 13 hurricanes, of which 6 were major hurricanes …
Fri, 04 Dec 2020 07:10:46 +0000
A train carrying motor vehicles, polyvinyl and acetone derailed early Wednesday in Jones County, blocking roads and railroad traffic, a Jones County Fire Council spokesperson said. The Hattiesburg American reports that no one was injured. Public inform...
Fri, 04 Dec 2020 06:20:26 +0000
Marsh & McLennan Agency LLC (MMA) has acquired INSPRO, a full service, independent agency in Lincoln, Nebraska. Terms of the acquisition were not disclosed. For more than 80 years, INSPRO has been providing business insurance, employee benefits and per...
Fri, 04 Dec 2020 06:00:59 +0000
Euclid Life Science Specialty LLC has named David N. Bailey vice president of underwriting and executive underwriter. Bailey’s focus will be growing the company’s presence and core book of life science products-work hazard liability and professional li...
Fri, 04 Dec 2020 06:00:56 +0000
Fresno, Calif.-based United Valley Insurance Services Inc. has promoted Monika Aguirre and Elizabeth Newland. Aguirre has been promoted to assistant vice president in member services. She will join the executive team and has also assumed primary respon...
Fri, 04 Dec 2020 06:00:54 +0000
U.S. women’s national team players and the U.S. Soccer Federation have settled their long-running lawsuit over inequitable working conditions with the men’s team while leaving their dispute over unequal pay for additional litigation. The parties filed ...
Fri, 04 Dec 2020 06:00:27 +0000
The inspector general for the U.S. Department of Labor is urging the government’s mine safety agency to tighten restrictions on a dangerous substance that is inhaled by coal miners. A report from the inspector general’s office said the Mine Safety …
Fri, 04 Dec 2020 06:00:09 +0000
Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. One election takeaway beyond the fact that cannabis initiatives went five-for-five in November, i...
Fri, 04 Dec 2020 06:00:01 +0000
IBM is sounding the alarm over hackers targeting companies critical to the distribution of COVID-19 vaccines, a sign that digital spies are turning their attention to the complex logistical work involved in inoculating the world’s population against th...
Fri, 04 Dec 2020 01:17:02 +0000
The City of Chicago towed over 230 vehicles on the first day of the overnight winter parking ban. On Dec. 1 every year, from 3 a.m. to 7 a.m. until April 1, cars are not allowed to park along 107 …
Fri, 04 Dec 2020 01:14:11 +0000
Bars and restaurants on Dec. 2 lost a challenge to Michigan’s ban on indoor dining and immediately warned about business failures and deep job losses if the restriction linked to the coronavirus is extended past next week. U.S. District Judge …
Fri, 04 Dec 2020 01:12:00 +0000
Cleveland, Ohio, has agreed to pay a man who was wrongfully convicted of killing an elderly woman and spent 11 years in prison $4.85 million to settle a lawsuit he first filed in 2012 against two city homicide detectives. The …
Thu, 03 Dec 2020 21:33:09 +0000
U.S. insurance companies lag behind their global peers by enabling the fossil fuel industry, according to a report from an environmentalist group out this week. The Insure Our Future campaign released its fourth annual scorecard on insurers’ climate po...
Thu, 03 Dec 2020 19:08:03 +0000
Howden Broking, the international insurance broker, announced the opening of a branch office in Reykjavik, Iceland. The office is the first to be established by an international broker in the country, said London-based Howden in a statement. Having wor...
Thu, 03 Dec 2020 18:18:37 +0000
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
Thu, 03 Dec 2020 17:55:34 +0000
Gov. Tate Reeves instituted mask mandates in 13 more Mississippi counties Tuesday but chose not to implement the measure statewide, a week after several prominent health care leaders called on him to do so. During a press briefing, the Republican …
Thu, 03 Dec 2020 17:52:16 +0000
A study showing rates for Texas’ insurer of last resort for communities along the Texas coast are inadequate by 26% for residential policies and 44% for commercial properties has been forwarded to the board of the Texas Windstorm Insurance Association …
Thu, 03 Dec 2020 17:49:25 +0000
Workers’ compensation rates in Tennessee are expected to decrease next year after a 9.2% overall loss cost decrease was approved. Tennessee Department of Commerce & Insurance Commissioner Carter Lawrence approved an order Nov. 14, 2020 for the decrease...
Thu, 03 Dec 2020 17:42:08 +0000
The Texas Department of Insurance (TDI) has issued a reminder to insurance companies, agents, and marketers of discount healthcare programs that materially misrepresenting the terms and conditions of an insurance policy or contract is grounds for disci...
Thu, 03 Dec 2020 17:38:10 +0000
A South Carolina family has filed a lawsuit alleging their student fell ill after an elementary school covered up the presence of mold in a building. Tamara Broach, a guardian to an unnamed student, filed the lawsuit this week in …
Thu, 03 Dec 2020 17:20:08 +0000
Wisconsin-based Sentry Insurance (Sentry) has gained approval from the Oklahoma Insurance Department to submit its Insurance Business Transfer (IBT) Plan to the District Court of Oklahoma County. This is the second IBT approved by an insurance commissi...
Thu, 03 Dec 2020 17:17:09 +0000
Waymo plans to open a new testing site in Ohio for its driverless autonomous vehicles that will focus on dense, urban areas, the company has said. The new site being built at the Transportation Research Center near Columbus will allow …
Thu, 03 Dec 2020 17:15:58 +0000
A Kansas City-area nursing home has agreed to settle a lawsuit alleging it paid female nurses less than male nurses, federal authorities say. The U.S. Equal Employment Opportunity Commission (EEOC) reported that Edgewood Manor OPCO LLC, a former owner ...
Thu, 03 Dec 2020 17:13:53 +0000
New Jersey-based World Insurance Associates LLC (WIA) has acquired Insurance Solution Network LLC (ISN) of Villa Park, Ill. Terms of the Nov. 1 transaction were not disclosed. ISN, led by President Daniel Berlin, has been serving the Chicago area for …
Thu, 03 Dec 2020 15:45:17 +0000
This is the last week to submit for Insurance Journal’s Charity Issue. This annual special issue of Insurance Journal’s print magazine highlights some of the many charitable tales in insurance. Share your firm’s story on how you support the community. …
Thu, 03 Dec 2020 15:44:56 +0000
BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Mediación Iberia Correduría de Seguros y Reaseguros, S.L.U. (BMS Iberia), has acquired Montymarq Asociados Consultores y Corredores de Seguros, S.L., the...
Thu, 03 Dec 2020 15:23:16 +0000
The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after regulatory approvals. Terms w...