April 21, 2021
Select Programs Insurance Services
Wed, 21 Apr 2021 13:15:12 +0000
U.S. property/casualty insurers returned nearly $13 billion in premiums to policyholders in 2020 to reflect reduced exposures from the COVID-19 pandemic. Auto insurers returned premium in the greatest numbers, though general liability, workers’ compens...
Wed, 21 Apr 2021 12:12:31 +0000
The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and the mostly private utilities that run the electrical s...
Wed, 21 Apr 2021 11:54:56 +0000
This wrap-up of international People Moves details recent appointments at Liberty Specialty Markets, re/insurance broker Miller, MS Amlin, Pro Global Holdings and Generali Global Corporate & Commercial. A summary of these new hires follows here. Libert...
Wed, 21 Apr 2021 11:45:39 +0000
Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a “license to rip investors off.” On an investing podcast in February, the …
Wed, 21 Apr 2021 10:27:24 +0000
China’s military is thought to have instructed a hacker group to conduct cyber attacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police investigation. The investigators foun...
Wed, 21 Apr 2021 10:08:31 +0000
LONDON – The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks to the stability of the financial system from the rise of fintech, Deputy Governor Dave Ramsden said. The …
Wed, 21 Apr 2021 10:00:58 +0000
The mother of a transgender teenager who died by suicide at a youth detention center in Maine has filed a wrongful death lawsuit against the state. Michelle Knowles, of North Vassalboro, filed the lawsuit Tuesday against the Maine Department of …
Wed, 21 Apr 2021 10:00:35 +0000
A Long Island, New York-based petroleum barge company and three former and current management officials have paid $375,000 in restitution to the brother of one of two seamen killed in a barge explosion off the coast of Texas. The seaman …
Wed, 21 Apr 2021 10:00:32 +0000
A Maine man accused of setting fire to a Massachusetts church with a predominantly Black congregation been charged with hate crime offenses, federal prosecutors said. Dushko Vulchev is charged in federal court with four counts of damage to religious pr...
Wed, 21 Apr 2021 09:55:09 +0000
LONDON – Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell out the current limitations of the technology, insurance companies warn. Insurers are key players in the shift to au...
Wed, 21 Apr 2021 09:22:05 +0000
FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding. The round was led by venture capital firm Draper Esprit. Existing inve...
Wed, 21 Apr 2021 08:46:29 +0000
GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its facilities, programs and servi...
Wed, 21 Apr 2021 08:15:55 +0000
LONDON – TikTok, the wildly popular video app, and its Chinese parent ByteDance could face a damages claim worth billions of pounds (dollars) in London’s High Court over allegations they illegally harvested the private data of millions of European ch...
Wed, 21 Apr 2021 07:51:59 +0000
Johnson & Johnson said on Tuesday it will resume rolling out its COVID-19 vaccine in Europe after the region’s medical regulator said the benefits of the shot outweigh the risk of very rare, potentially lethal blood clots. Europe’s health regulator, …
Wed, 21 Apr 2021 06:46:14 +0000
New policyholders coming into Florida’s insurer of last resort will not face higher rates than existing insureds under an order issued by the Florida Office of Insurance Regulation. The regulator’s decision comes after Citizens Property Insurance Corp....
Wed, 21 Apr 2021 05:17:05 +0000
J.M. Wilson, a managing general agency headquartered in Portage, Michigan, with eight offices in the United States, has acquired Transcom General Agency, based in Madison, Wisconsin. The transaction was effective April 1. Transcom General Agency was fo...
Wed, 21 Apr 2021 05:00:57 +0000
The fatal crash of a Tesla with no one apparently behind the wheel has cast a new light on the safety of semi-autonomous vehicles and the nebulous U.S. regulatory terrain they navigate. Police in Harris County, Texas, said a Tesla …
Wed, 21 Apr 2021 05:00:21 +0000
Marie Watson wanted to be among the first in line when she and other essential workers became eligible for the coronavirus vaccine — and with good reason. The maintenance parts buyer for a Mission Foods tortilla plant in Pueblo, Colorado, …
Tue, 20 Apr 2021 22:21:55 +0000
A cannabis risk management group through its captive is rolling property, general premises liability and product liability coverage to cannabis dispensaries and associated grow facilities. The National Cannabis Risk Management Association announced on ...
Tue, 20 Apr 2021 18:14:08 +0000
Insurance broker AssuredPartners announced that Tom Riley has resigned as chief executive officer of the company to “pursue other investment opportunities and devote more time to his family and charitable interests.” The company said the board of direc...
Tue, 20 Apr 2021 16:58:21 +0000
A Tennessee judge has set a July 26 start for a trial to decide damages against an opioid manufacturer in a lawsuit over the company’s role in the epidemic. Sullivan County Circuit Court Chancellor E.G. Moody set the date earlier …
Tue, 20 Apr 2021 16:55:13 +0000
A Minnesota bar and restaurant will pay $15,000 to settle a lawsuit over violations of the governor’s COVID-19 restrictions orders. Minnesota Attorney General Keith Ellison said his office has settled its lawsuit against New Prague eatery, St. Patrick’...
Tue, 20 Apr 2021 16:15:00 +0000
A food plant employee is suing his Walworth County, Wisconsin, employer alleging he contracted the coronavirus at work and infected his wife who died from the disease. Rigoberto Ruiz, of Beloit, says ConAgra Foods didn’t enforce a policy to ensure …
Tue, 20 Apr 2021 16:13:38 +0000
An insurance company for the City of Cedar Rapids, Iowa, will pay $8 million to a Black motorist who was paralyzed after a white police officer shot him during a 2016 traffic stop, both sides announced on April 19. The …
Tue, 20 Apr 2021 16:05:08 +0000
Louisiana insurance regulators have proposed separate pieces of legislation that would promote the writing of private flood insurance in the state and increase penalties associated with staged auto accidents. A third bill would expand the authority of ...
Tue, 20 Apr 2021 15:44:01 +0000
Insurance broker Marsh announced that Steven Capace and Bryan Salek have joined the firm to co-lead its U.S. Government Contracting Practice. In this dual leadership role, Capace and Salek will head a team responsible for services that address governme...
Tue, 20 Apr 2021 15:03:09 +0000
THE HAGUE, Netherlands – ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said …
Tue, 20 Apr 2021 14:48:23 +0000
Falvey Insurance Group Appoints McKenna as Chief Underwriting Officer Falvey Insurance Group has hired Mike McKenna, formerly of The Hartford, as chief underwriting officer to oversee the underwriting for its group companies: Falvey Cargo Underwriting,...
Tue, 20 Apr 2021 14:35:09 +0000
Now that Gov. Gavin Newsom is letting more businesses reopen as coronavirus cases decline, the California Legislature on has passed a bill requiring some hotels, stadiums other hospitality companies to offer laid-off workers their jobs back. Hospitalit...
Tue, 20 Apr 2021 14:35:05 +0000
A former top executive at a Massachusetts-based shoe manufacturer has agreed to plead guilty to embezzling $30 million from the company, federal prosecutors said Wednesday. Richard Hajjar, 64, the former chief financial officer of Alden Shoe Co., agree...