AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries
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Description: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Ltd. and Convex Re Ltd. Both entities are wholly …
Full content: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Ltd. and Convex Re Ltd. Both entities are wholly …
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Category: International & Reinsurance News
Date: Fri, 23 Apr 2021 07:58:37 +0000
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Pennsylvania Moves Closer to Allowing Lawsuits by Child Sex Abuse Victims
Author: Amy O'Connor
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Description: For the first time, prominent Republican state senators on Wednesday put their support behind legislation in Pennsylvania to change the law to allow now-adult victims of child sexual abuse to sue the perpetrators or institutions that did not prevent it …
Full content: For the first time, prominent Republican state senators on Wednesday put their support behind legislation in Pennsylvania to change the law to allow now-adult victims of child sexual abuse to sue the perpetrators or institutions that did not prevent it …
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Category: East News
Date: Fri, 23 Apr 2021 06:57:06 +0000
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Florida House Overwhelmingly Approves Consumer Privacy Bill
Author: Amy O'Connor
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Description: The Florida House resoundingly approved a consumer privacy bill on Wednesday, giving the public an opportunity to regain ownership of the personal data collected by companies and the right to sue companies for mishandling information in a marketplace where consumers …
Full content: The Florida House resoundingly approved a consumer privacy bill on Wednesday, giving the public an opportunity to regain ownership of the personal data collected by companies and the right to sue companies for mishandling information in a marketplace where consumers …
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Category: Southeast News
Date: Fri, 23 Apr 2021 06:43:19 +0000
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Hackers Publish Florida School District Files After $40M Ransom Unpaid
Author: Amy O'Connor
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Description: Hackers who sought $40 million in ransom from a South Florida school district that refused to pay have now published nearly 26,000 stolen files. Many of the files, dated from 2012 to March 2021, contain Broward School District accounting and …
Full content: Hackers who sought $40 million in ransom from a South Florida school district that refused to pay have now published nearly 26,000 stolen files. Many of the files, dated from 2012 to March 2021, contain Broward School District accounting and …
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Category: Southeast News
Date: Fri, 23 Apr 2021 06:37:19 +0000
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Plaintiff Lawyers Accuse Bayer of ‘Pay to Appeal Scheme’ in Roundup Litigation
Author: Andrew G. Simpson
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Description: Bayer AG’s strategy to get a favorable ruling in its Roundup litigation is a manufactured “pay-to-appeal scheme” that will erode the U.S. system of justice if it’s permitted, plaintiffs’ lawyers said in a letter to a court. Lawyers who are …
Full content: Bayer AG’s strategy to get a favorable ruling in its Roundup litigation is a manufactured “pay-to-appeal scheme” that will erode the U.S. system of justice if it’s permitted, plaintiffs’ lawyers said in a letter to a court. Lawyers who are …
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Category: National News
Date: Fri, 23 Apr 2021 05:00:54 +0000
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New York City Lawsuit Claims Exxon, BP, Shell Mislead Over ‘Cleaner’ Fuels
Author: Andrew G. Simpson
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Description: New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as “cleaner” and advertising themselves as leaders in fighting climate change. …
Full content: New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as “cleaner” and advertising themselves as leaders in fighting climate change. …
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Category: East News
Date: Fri, 23 Apr 2021 05:00:35 +0000
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‘Suspicious’ Apartment Fire in New York Displaces More Than 20 Residents
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Description: Fires at an apartment complex displaced more than 20 people on Sunday night, with authorities saying the blaze was suspicious and appeared to have been started in the recycling bins left on back porches. This is the second fire to …
Full content: Fires at an apartment complex displaced more than 20 people on Sunday night, with authorities saying the blaze was suspicious and appeared to have been started in the recycling bins left on back porches. This is the second fire to …
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Category: East News
Date: Fri, 23 Apr 2021 04:55:00 +0000
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Suit Pitting Insurers Against Washington Commissioner Getting Heard
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Description: A case pitting several insurer groups against Washington Insurance Commissioner Mike Kreidler is set to be heard on Friday morning. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents of Washington and the American Property Casualty Insurance …
Full content: A case pitting several insurer groups against Washington Insurance Commissioner Mike Kreidler is set to be heard on Friday morning. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents of Washington and the American Property Casualty Insurance …
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Category: West News
Date: Thu, 22 Apr 2021 21:25:09 +0000
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Insuring Cannabis Webinar Take Home: Carriers, Brokers Waiting on Sidelines
Author: Don Jergler
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Description: There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s webinar in mid-April, How Insurance …
Full content: There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s webinar in mid-April, How Insurance …
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Category: West News
Date: Thu, 22 Apr 2021 17:25:31 +0000
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South Carolina Gov, Business Groups Push for COVID Liability Protection
Author: Amy O'Connor
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Description: South Carolina’s governor is pushing state lawmakers to approve a bill that would prevent people who contract COVID-19 from suing businesses and other groups that have followed federal and state health guidelines. In a letter sent Monday to House members …
Full content: South Carolina’s governor is pushing state lawmakers to approve a bill that would prevent people who contract COVID-19 from suing businesses and other groups that have followed federal and state health guidelines. In a letter sent Monday to House members …
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Category: Southeast News
Date: Thu, 22 Apr 2021 16:59:34 +0000
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Company Asks for Pause in Memphis Oil Pipeline Dispute
Author: Amy O'Connor
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Description: A company facing resistance to its plans to build an oil pipeline over an aquifer that provides drinking water to 1 million people has asked for a “mutual pause” in its dispute with city officials in Memphis, Tennessee. Plains All …
Full content: A company facing resistance to its plans to build an oil pipeline over an aquifer that provides drinking water to 1 million people has asked for a “mutual pause” in its dispute with city officials in Memphis, Tennessee. Plains All …
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Category: Southeast News
Date: Thu, 22 Apr 2021 16:57:06 +0000
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New Michigan Rules Target Contractor Payroll Fraud
Author: Stephanie K. Jones
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Description: Michigan Gov. Gretchen Whitmer recently announced changes in the state’s contracting process to ensure construction and other companies are not rewarded with government money for payroll fraud such as misclassifying workers as independent contractors. The move is designed to implement …
Full content: Michigan Gov. Gretchen Whitmer recently announced changes in the state’s contracting process to ensure construction and other companies are not rewarded with government money for payroll fraud such as misclassifying workers as independent contractors. The move is designed to implement …
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Category: Midwest News
Date: Thu, 22 Apr 2021 16:52:40 +0000
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Debris Pile Apparent Source of South Dakota Fire that Caused 400 Evacuations
Author: Stephanie K. Jones
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Description: The South Dakota Department of Public Safety says no criminal charges are expected as a result of a large wildfire west of Rapid City. A debris pile is believed to be the source of a fire that burned about 3.5 …
Full content: The South Dakota Department of Public Safety says no criminal charges are expected as a result of a large wildfire west of Rapid City. A debris pile is believed to be the source of a fire that burned about 3.5 …
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Category: Midwest News
Date: Thu, 22 Apr 2021 16:47:07 +0000
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19th U.S. Death Tied to Takata Air Bag Reported in South Carolina
Author: Amy O'Connor
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Description: Honda Motor Co said on Wednesday it had confirmed the 19th U.S. death tied to a ruptured Takata air bag inflator since 2009 — and the 16th in one of its vehicles. The Japanese automaker said that following a joint …
Full content: Honda Motor Co said on Wednesday it had confirmed the 19th U.S. death tied to a ruptured Takata air bag inflator since 2009 — and the 16th in one of its vehicles. The Japanese automaker said that following a joint …
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Category: Southeast News
Date: Thu, 22 Apr 2021 16:46:56 +0000
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Oklahoma Passes Bill Increasing Professional Licensing Mobility
Author: Stephanie K. Jones
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Description: A bill increasing the mobility of professional and occupational licensing across state lines passed unanimously out of the Senate. House Bill 2873, creates the Universal Licensing Recognition Act. The measure provides that a person moving to Oklahoma would be able …
Full content: A bill increasing the mobility of professional and occupational licensing across state lines passed unanimously out of the Senate. House Bill 2873, creates the Universal Licensing Recognition Act. The measure provides that a person moving to Oklahoma would be able …
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Category: Texas / South Central News
Date: Thu, 22 Apr 2021 16:30:11 +0000
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Insurance Techknowledgy: Bold Penguin and Thimble, Vertafore and Nationwide, eMaxx
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Description: Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx …. Insurtech Bold Penguin is making it easier for agents and small business customers to secure to coverage by the month or by the …
Full content: Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx …. Insurtech Bold Penguin is making it easier for agents and small business customers to secure to coverage by the month or by the …
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Category: National News
Date: Thu, 22 Apr 2021 16:26:38 +0000
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Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re
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Description: If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking the world economy by 18%, according to new research from Swiss Re, which was rolled out on Earth Day, 51 …
Full content: If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking the world economy by 18%, according to new research from Swiss Re, which was rolled out on Earth Day, 51 …
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Category: International & Reinsurance News
Date: Thu, 22 Apr 2021 16:25:20 +0000
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Minnesota Excavation Firm to Pay $380K OSHA Penalty, Increase Employee Safety Training
Author: Stephanie K. Jones
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Description: A Minnesota-based excavation company has agreed to increase employee training on trenching and excavation hazards and pay a $380,000 penalty in a settlement agreement with the U.S. Department of Labor Occupational Safety and Health Administration. Wagner Construction Inc. additionally will …
Full content: A Minnesota-based excavation company has agreed to increase employee training on trenching and excavation hazards and pay a $380,000 penalty in a settlement agreement with the U.S. Department of Labor Occupational Safety and Health Administration. Wagner Construction Inc. additionally will …
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Category: Midwest News
Date: Thu, 22 Apr 2021 16:18:00 +0000
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The Hilb Group Acquires Clarus Benefits Group in Texas
Author: Stephanie K. Jones
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Description: The Hilb Group LLC (THG) has acquired Houston, Texas-based Clarus Benefits Group LLC (CBG). The transaction became effective on April 1, 2021, and represents THG’s expansion into Texas. CBG is an employee benefits and human resources consulting firm, providing packages …
Full content: The Hilb Group LLC (THG) has acquired Houston, Texas-based Clarus Benefits Group LLC (CBG). The transaction became effective on April 1, 2021, and represents THG’s expansion into Texas. CBG is an employee benefits and human resources consulting firm, providing packages …
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Category: Texas / South Central News
Date: Thu, 22 Apr 2021 16:08:01 +0000
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Cannabis Legalization Debate Turns to Questions of Pot Potency
Author: Andrew G. Simpson
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Description: As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating …
Full content: As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating …
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Category: National News
Date: Thu, 22 Apr 2021 15:57:56 +0000
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Mental Health Drug Prescriptions on the Rise
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Description: The number of Americans taking prescription medication is up 6.4% in the last year, which means that 65 million people (1 in 5) are now prescribed medication to help them cope with stress, anxiety or depression, according to an online …
Full content: The number of Americans taking prescription medication is up 6.4% in the last year, which means that 65 million people (1 in 5) are now prescribed medication to help them cope with stress, anxiety or depression, according to an online …
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Category: National News
Date: Thu, 22 Apr 2021 14:54:56 +0000
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White House to Assist Drought-Plagued Western U.S. Communities
Author: Don Jergler
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Description: The White House on Wednesday announced an effort to provide immediate support to farmers, tribes and communities suffering from worsening drought conditions in the Western United States. After a meeting of the National Climate Task Force, President Joe Biden’s administration …
Full content: The White House on Wednesday announced an effort to provide immediate support to farmers, tribes and communities suffering from worsening drought conditions in the Western United States. After a meeting of the National Climate Task Force, President Joe Biden’s administration …
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Category: West News
Date: Thu, 22 Apr 2021 14:27:16 +0000
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People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting
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Description: This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings Ltd., announced …
Full content: This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings Ltd., announced …
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Category: International & Reinsurance News
Date: Thu, 22 Apr 2021 12:25:08 +0000
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Hartford Rejected 3 Acquisition Offers From Chubb From $65 to $70 a Share
Author: Andrew G. Simpson
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Description: After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its first quarter filings. The Hartford’s …
Full content: After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its first quarter filings. The Hartford’s …
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Category: National News
Date: Thu, 22 Apr 2021 12:02:30 +0000
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Geico Customer Data Breach May be Part of Unemployment Insurance Scam
Author: Andrew G. Simpson
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Description: Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits. In a data breach notification filed with California’s data privacy …
Full content: Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits. In a data breach notification filed with California’s data privacy …
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Category: National News
Date: Thu, 22 Apr 2021 11:18:23 +0000
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Philippine Rescuers Find Bodies of 4 Crew Members of Abandoned Cargo Ship; 9 Missing
Author: L.S. Howard
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Description: MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others who jumped off a cargo vessel, which took in water and listed after its anchor broke in rough seas, officials …
Full content: MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others who jumped off a cargo vessel, which took in water and listed after its anchor broke in rough seas, officials …
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Category: International & Reinsurance News
Date: Thu, 22 Apr 2021 10:51:49 +0000
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New York Contractor to Pay $135K in Penalties After Trench Collapse
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Description: A Long Island, New York, superstructure, foundation and concrete company will pay $135,612 in penalties stemming from the collapse of an approximately 30-foot deep trench in Oyster Bay that led to the deaths of two workers. Following a January 2020 …
Full content: A Long Island, New York, superstructure, foundation and concrete company will pay $135,612 in penalties stemming from the collapse of an approximately 30-foot deep trench in Oyster Bay that led to the deaths of two workers. Following a January 2020 …
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Category: East News
Date: Thu, 22 Apr 2021 10:00:43 +0000
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Fire Erupts at Maryland Domino Sugar Plant, No Injuries Reported
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Description: A fire at the Domino Sugar plant sent white smoke billowing over the Inner Harbor in Baltimore, Maryland, last Tuesday, but no injuries were immediately reported, a fire department spokeswoman said. A conveyer belt apparently carried a burning substance from …
Full content: A fire at the Domino Sugar plant sent white smoke billowing over the Inner Harbor in Baltimore, Maryland, last Tuesday, but no injuries were immediately reported, a fire department spokeswoman said. A conveyer belt apparently carried a burning substance from …
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Category: East News
Date: Thu, 22 Apr 2021 10:00:40 +0000
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Massachusetts Eye and Ear to Pay $2.6M to Resolve False Claims Act Allegations
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Description: Massachusetts Eye and Ear Infirmary, Massachusetts Eye and Ear Associates Inc. and the Foundation of the Massachusetts Eye and Ear Infirmary Inc., collectively referred to as Massachusetts Eye and Ear, have agreed to pay $2.678 million to resolve allegations that …
Full content: Massachusetts Eye and Ear Infirmary, Massachusetts Eye and Ear Associates Inc. and the Foundation of the Massachusetts Eye and Ear Infirmary Inc., collectively referred to as Massachusetts Eye and Ear, have agreed to pay $2.678 million to resolve allegations that …
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Category: East News
Date: Thu, 22 Apr 2021 10:00:26 +0000
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Court Orders Liquidation of American Capital; Policies to Cancel May 14
Author: Amy O'Connor
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Description: Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Florida’s insurance regulator earlier this month. The Florida Department of Financial Services, which serves as the receiver for …
Full content: Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Florida’s insurance regulator earlier this month. The Florida Department of Financial Services, which serves as the receiver for …
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Category: Southeast News
Date: Thu, 22 Apr 2021 07:27:29 +0000
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