California’s Comp Rating Bureau Says No Mid-Year Pure Premium Filing Due to COVID-19 Impacts
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Description: The Workers’ Compensation Insurance Rating Bureau of California’s governing committee has decided not to submit a July 1, 2020 rate. The committee met this week to review the WCIRB actuarial committee’s analysis of Dec. 31, 2019 California workers’ comp experience. …
Full content: The Workers’ Compensation Insurance Rating Bureau of California’s governing committee has decided not to submit a July 1, 2020 rate. The committee met this week to review the WCIRB actuarial committee’s analysis of Dec. 31, 2019 California workers’ comp experience. …
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Category: West News
Date: Wed, 08 Apr 2020 18:27:22 +0000
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Georgia Pharmacy Fined $2M for Dispensing 350K Illegal Prescriptions
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Description: A south Georgia pharmacy that gave out 350,000 illegal prescriptions from a doctor running a pill mill agreed to pay over $2 million in fines, authorities said. Chip’s Discount Drugs and pharmacist, Rogers “Chip” Wood, Jr., settled on a federal …
Full content: A south Georgia pharmacy that gave out 350,000 illegal prescriptions from a doctor running a pill mill agreed to pay over $2 million in fines, authorities said. Chip’s Discount Drugs and pharmacist, Rogers “Chip” Wood, Jr., settled on a federal …
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Category: Southeast News
Date: Wed, 08 Apr 2020 16:59:48 +0000
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Death Toll Climbs to 9 From COVID Outbreak at Tennessee Nursing Home
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Description: Nine people have now died in a coronavirus outbreak at a Tennessee nursing home that saw more than 100 people test positive. Sumner Regional Medical Center spokesman Kyle Brogdon on Tuesday confirmed the new total of fatalities from the Gallatin …
Full content: Nine people have now died in a coronavirus outbreak at a Tennessee nursing home that saw more than 100 people test positive. Sumner Regional Medical Center spokesman Kyle Brogdon on Tuesday confirmed the new total of fatalities from the Gallatin …
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Category: Southeast News
Date: Wed, 08 Apr 2020 16:58:01 +0000
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Acceptance Insurance of Tennessee Offers Support to Policyholders, Employees During Crisis
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Description: Acceptance Insurance has committed to helping its team members and customers during the COVID-19 pandemic through continued pay, home goods donations and safe working conditions, according to a statement from the company. While most Americans shelter in place to combat …
Full content: Acceptance Insurance has committed to helping its team members and customers during the COVID-19 pandemic through continued pay, home goods donations and safe working conditions, according to a statement from the company. While most Americans shelter in place to combat …
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Category: Southeast News
Date: Wed, 08 Apr 2020 16:52:16 +0000
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South Dakota’s Noem Allows Businesses to Stay Open but Backs Limit on Group Size
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Description: As mayors, nurses and doctors across South Dakota urged Gov. Kristi Noem to take action to restrict daily activity, the Republican governor on April 6 dialed up the pressure on businesses and people to curb the spread of the coronavirus, …
Full content: As mayors, nurses and doctors across South Dakota urged Gov. Kristi Noem to take action to restrict daily activity, the Republican governor on April 6 dialed up the pressure on businesses and people to curb the spread of the coronavirus, …
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Category: Midwest News
Date: Wed, 08 Apr 2020 16:51:32 +0000
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Little Rock, Arkansas, Bans Vehicle Caravans During Outbreak
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Description: Arkansas’ largest city is banning vehicle caravans during the coronavirus outbreak after a large crowd of vehicles gathered over the weekend. Little Rock Mayor Frank Scott announced the executive order on April 6 in response to large crowds that gathered …
Full content: Arkansas’ largest city is banning vehicle caravans during the coronavirus outbreak after a large crowd of vehicles gathered over the weekend. Little Rock Mayor Frank Scott announced the executive order on April 6 in response to large crowds that gathered …
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Category: Texas / South Central News
Date: Wed, 08 Apr 2020 16:47:53 +0000
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‘Uncertainty Is the Only Certainty’ When it Comes to Pandemic Modeling
Author: Seth Borenstein and Carla K. Johnson
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Description: A statistical model cited by the White House generated a slightly less grim figure Monday for a first wave of deaths from the coronavirus pandemic in the U.S. – a projection designed to help officials plan for the worst, including …
Full content: A statistical model cited by the White House generated a slightly less grim figure Monday for a first wave of deaths from the coronavirus pandemic in the U.S. – a projection designed to help officials plan for the worst, including …
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Category: National News
Date: Wed, 08 Apr 2020 16:38:26 +0000
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Bluefire Insurance to Lower Auto Insurance Rates in Louisiana
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Description: The Louisiana Department of Insurance has approved the filing by Bluefire Insurance to reduce its auto insurance rates in Louisiana, the company said, The 2.3% statewide rate reduction is effective March 25 Bluefire Insurance describes itself as a managing general …
Full content: The Louisiana Department of Insurance has approved the filing by Bluefire Insurance to reduce its auto insurance rates in Louisiana, the company said, The 2.3% statewide rate reduction is effective March 25 Bluefire Insurance describes itself as a managing general …
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Category: Texas / South Central News
Date: Wed, 08 Apr 2020 16:32:55 +0000
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Bearley Promoted at Great American Insurance Group in Ohio
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Description: Great American Insurance Group, headquartered in Cincinnati, Ohio, has promoted Kenneth (Ken) R. Bearley to divisional executive vice president within its Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pittsburgh office and transferred …
Full content: Great American Insurance Group, headquartered in Cincinnati, Ohio, has promoted Kenneth (Ken) R. Bearley to divisional executive vice president within its Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pittsburgh office and transferred …
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Category: Midwest News
Date: Wed, 08 Apr 2020 16:30:25 +0000
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3 Employers Cited for Safety Hazards After Worker Injured in Illinois
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Description: Federal officials have cited three employers for workplace safety hazards after a worker suffered injuries at Northwestern University’s campus in Evanston, Ill. Northwestern University, Hill Mechanical Corp. and National Heat & Power Corp. collectively face a total of $235,962 in …
Full content: Federal officials have cited three employers for workplace safety hazards after a worker suffered injuries at Northwestern University’s campus in Evanston, Ill. Northwestern University, Hill Mechanical Corp. and National Heat & Power Corp. collectively face a total of $235,962 in …
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Category: Midwest News
Date: Wed, 08 Apr 2020 16:25:46 +0000
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Former Oklahoma Store Owner to Pay $160K in Disability Discrimination Suit
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Description: The former owner of a chain of Oklahoma convenience stores will pay $160,000 to nine alleged victims of disability discrimination to resolve a federal lawsuit. According to the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), Brown-Thompson General …
Full content: The former owner of a chain of Oklahoma convenience stores will pay $160,000 to nine alleged victims of disability discrimination to resolve a federal lawsuit. According to the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), Brown-Thompson General …
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Category: Texas / South Central News
Date: Wed, 08 Apr 2020 16:22:59 +0000
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How Agencies Can Manage Employees Working from Home During Coronavirus Crisis
Author: Amy O'Connor
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Description: Millions of Americans are currently subject to shelter-in-place or stay-at-home orders as efforts to slow the spread of the current strain of coronavirus expand, thus requiring employees across all industries to shift to performing their jobs remotely. For many workers, …
Full content: Millions of Americans are currently subject to shelter-in-place or stay-at-home orders as efforts to slow the spread of the current strain of coronavirus expand, thus requiring employees across all industries to shift to performing their jobs remotely. For many workers, …
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Category: National News
Date: Wed, 08 Apr 2020 15:57:47 +0000
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Litigation Builds Against Insurers Over Coronavirus Business Interruption
Author: Jef Feeley and Katherine Chiglinsky
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Description: Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston suburb of …
Full content: Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston suburb of …
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Category: National News
Date: Wed, 08 Apr 2020 15:05:12 +0000
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Flood Disaster Declaration Declared for Oregon, Funding Available
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Description: The Federal Emergency Management Agency says Oregon will receive federal help for flooding and storms that happened in February in the northeastern section of the state. Federal disaster assistance will supplement state, tribal and local recovery efforts in the areas …
Full content: The Federal Emergency Management Agency says Oregon will receive federal help for flooding and storms that happened in February in the northeastern section of the state. Federal disaster assistance will supplement state, tribal and local recovery efforts in the areas …
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Category: West News
Date: Wed, 08 Apr 2020 14:33:09 +0000
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Market Tumult Threatens PG&E Deal with California Wildfire Victims
Author: Michael Liedtke
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Description: Lawyers who negotiated a crucial $13.5 billion deal for the victims of deadly wildfires caused by Pacific Gas & Electric equipment are expressing serious doubts about whether the nation’s largest utility will be able to pay the full amount as …
Full content: Lawyers who negotiated a crucial $13.5 billion deal for the victims of deadly wildfires caused by Pacific Gas & Electric equipment are expressing serious doubts about whether the nation’s largest utility will be able to pay the full amount as …
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Category: West News
Date: Wed, 08 Apr 2020 14:27:38 +0000
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California Will Let Startup Nuro Test Driverless Delivery Vehicles
Author: Munsif Vengattil
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Description: California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many in the state. U.S. companies that deliver groceries, household …
Full content: California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many in the state. U.S. companies that deliver groceries, household …
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Category: West News
Date: Wed, 08 Apr 2020 14:24:39 +0000
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Virginia Authorities Warn of Scams Targeting Relief Checks
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Description: Officials in Virginia are warning of possible scams related to the coronavirus epidemic. And they’re particularly worried about the $1,200 checks that many Americans will receive from the federal government in the coming weeks and months. The warning comes from …
Full content: Officials in Virginia are warning of possible scams related to the coronavirus epidemic. And they’re particularly worried about the $1,200 checks that many Americans will receive from the federal government in the coming weeks and months. The warning comes from …
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Category: East News
Date: Wed, 08 Apr 2020 13:49:19 +0000
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Allstate Announces $1.3M Shelter-in-Place Payback to Mainers
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Description: Allstate is returning savings resulting from shelter-in-place orders back to consumers. This comes as the company cited an unprecedented decline in driving due to shelter-in-place orders, which translates into fewer accidents. Nationally, the company plans to return more than $600 …
Full content: Allstate is returning savings resulting from shelter-in-place orders back to consumers. This comes as the company cited an unprecedented decline in driving due to shelter-in-place orders, which translates into fewer accidents. Nationally, the company plans to return more than $600 …
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Category: East News
Date: Wed, 08 Apr 2020 12:51:52 +0000
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Two New Jersey Eateries Destroyed by Massive Fire
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Description: A fast-moving fire destroyed at least two eateries and left several people homeless in a northern New Jersey community, authorities said. The fire in downtown Ridgewood was reported around 9:30 p.m. Sunday. It started in a building housing a bagel …
Full content: A fast-moving fire destroyed at least two eateries and left several people homeless in a northern New Jersey community, authorities said. The fire in downtown Ridgewood was reported around 9:30 p.m. Sunday. It started in a building housing a bagel …
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Category: East News
Date: Wed, 08 Apr 2020 12:41:28 +0000
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Hiscox Withdraws 2020 Financial Guidance, Cancels Dividend Payment on COVID Crisis
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Description: Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis. In addition, it is canceling a scheduled dividend and will not conduct any share buybacks. “In view of the uncertain …
Full content: Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis. In addition, it is canceling a scheduled dividend and will not conduct any share buybacks. “In view of the uncertain …
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Category: International News
Date: Wed, 08 Apr 2020 11:49:28 +0000
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Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re
Author: L.S. Howard
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Description: Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather risks uninsurable, according to a …
Full content: Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather risks uninsurable, according to a …
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Category: International News
Date: Wed, 08 Apr 2020 11:12:04 +0000
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Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns
Author: Sinead Cruise and Muvija M
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Description: British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the coronavirus. Aviva, …
Full content: British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the coronavirus. Aviva, …
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Category: International News
Date: Wed, 08 Apr 2020 09:12:27 +0000
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Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece
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Description: Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd., a Bermuda-based insurance linked securities (ILS) asset manager. The transaction is subject to regulatory …
Full content: Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd., a Bermuda-based insurance linked securities (ILS) asset manager. The transaction is subject to regulatory …
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Category: International News
Date: Wed, 08 Apr 2020 07:45:23 +0000
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BMS Appoints Broadnax to U.S. Property Facultative Team in Atlanta
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Description: BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete Chandler, president & CEO of BMS’s U.S. reinsurance …
Full content: BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete Chandler, president & CEO of BMS’s U.S. reinsurance …
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Category: Southeast News
Date: Wed, 08 Apr 2020 07:36:28 +0000
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Ageas UK’s CEO Watson to Step Down, Succeeded by Middle
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Description: After 10 years with Ageas UK, Andy Watson has decided to step down from his role as CEO and will be succeeded by Ant Middle, the current chief customer officer, Ageas announced. Watson has decided to step down from his …
Full content: After 10 years with Ageas UK, Andy Watson has decided to step down from his role as CEO and will be succeeded by Ant Middle, the current chief customer officer, Ageas announced. Watson has decided to step down from his …
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Category: International News
Date: Wed, 08 Apr 2020 07:08:36 +0000
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Australia Insurer IAG Announces CEO Harmer to Retire; Hawkins Named Deputy CEO
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Description: Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of 2020. A flexible nine-month period of transition has been agreed with Harmer to ensure a smooth changeover, said Sydney-based IAG …
Full content: Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of 2020. A flexible nine-month period of transition has been agreed with Harmer to ensure a smooth changeover, said Sydney-based IAG …
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Category: International News
Date: Wed, 08 Apr 2020 06:31:41 +0000
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Van Gogh Theft Focuses Attention on Empty Museums’ Security During COVID-19 Crisis
Author: Katya Kazakina, Tom Metcalf and Amanda Gordon
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Description: The break-in lasted just minutes. At 3 a.m. on Monday, a thief — or thieves — forced open the glass doors of the Singer Laren museum in the Netherlands and headed straight for its prize exhibit: a Van Gogh oil …
Full content: The break-in lasted just minutes. At 3 a.m. on Monday, a thief — or thieves — forced open the glass doors of the Singer Laren museum in the Netherlands and headed straight for its prize exhibit: a Van Gogh oil …
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Category: International News
Date: Wed, 08 Apr 2020 06:30:15 +0000
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Matt Hylant Named President of Hylant Ann Arbor
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Description: Insurance broker Hylant has promoted Matthew M. Hylant to president of its Ann Arbor office. As president, he will be responsible for the day-to-day operations along with setting the vision for strategic growth and initiatives for the Ann Arbor office. …
Full content: Insurance broker Hylant has promoted Matthew M. Hylant to president of its Ann Arbor office. As president, he will be responsible for the day-to-day operations along with setting the vision for strategic growth and initiatives for the Ann Arbor office. …
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Category: Midwest News
Date: Wed, 08 Apr 2020 05:49:18 +0000
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Estate of Walmart Employee Who Died From COVID-19 Sues for Wrongful Death
Author: Daniel Wiessner
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Description: The family of a Walmart Inc. employee in Illinois who died after contracting COVID-19, the illness caused by the novel coronavirus, has filed a lawsuit accusing the retail giant of failing to adequately screen and protect workers. The lawsuit filed …
Full content: The family of a Walmart Inc. employee in Illinois who died after contracting COVID-19, the illness caused by the novel coronavirus, has filed a lawsuit accusing the retail giant of failing to adequately screen and protect workers. The lawsuit filed …
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Category: National News
Date: Wed, 08 Apr 2020 04:30:08 +0000
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GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses
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Description: More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis. Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15 percent credit …
Full content: More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis. Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15 percent credit …
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Category: National News
Date: Wed, 08 Apr 2020 01:17:00 +0000
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