June 30, 2022
Select Programs Insurance Services
Thu, 30 Jun 2022 18:08:04 +0000
PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including homeowners, renters, dwelling, commerc...
Thu, 30 Jun 2022 17:29:20 +0000
There is overwhelming public support across the globe for using renewable energy, according to a new survey out from the Yale Program on Climate Change Communication. The international survey was published on Wednesday. It was conducted in partnership ...
Thu, 30 Jun 2022 16:58:26 +0000
It may seem a minor point to some, but it’s fundamental to the American system of justice, advocates said: It’s up to a jury – not a judge – to decide what is considered an “official act” by a state …
Thu, 30 Jun 2022 16:23:21 +0000
This edition of International People Moves details appointments at AXA XL, BMS and WTW. A summary of these new hires follows here. AXA XL Promotes Dores to CUO, Int’l Financial Lines – APAC & Europe AXA XL Insurance announced it …
Thu, 30 Jun 2022 16:18:49 +0000
Families of children and teachers killed in last month’s Texas school massacre face a formidable legal battle if they decide to sue the gun maker whose AR-15 semiautomatic rifle was used in the attack. That doesn’t mean they can’t win. …
Thu, 30 Jun 2022 15:52:35 +0000
Marsh announced today several enhancements to directors and officers liability (D&O) insurance offerings that could enable more clients to benefit from superior environmental, social, and governance (ESG) frameworks. The move signals a greater willingn...
Thu, 30 Jun 2022 15:38:29 +0000
Donegal Names Sponic to Lead Personal Lines David W. Sponic has been named senior vice president of personal lines by Donegal Insurance Group. Sponic succeeds Jeff Jacobsen, who the company said will transition into an advisory role leading up to …
Thu, 30 Jun 2022 15:37:42 +0000
Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus marketplace over the last couple of years – and they may be more aggressive than incumbent insurers. …
Thu, 30 Jun 2022 15:05:26 +0000
Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt. The round was led by Ensemble VC, with participation from Sozo Ventur...
Thu, 30 Jun 2022 15:01:08 +0000
Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation Insurance Rating Bureau of California’s ...
Thu, 30 Jun 2022 14:59:57 +0000
The Hilb Group announced that it has acquired Indiana-based Howe-LaGrange Insurance Agency and Reick Insurance Agency, expanding the company’s growing presence throughout Indiana and the Midwest. Based in LaGrange, Indiana, Howe-LaGrange and Reick Agen...
Thu, 30 Jun 2022 14:54:57 +0000
This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around the world. Starting with the pandem...
Thu, 30 Jun 2022 14:54:54 +0000
The FBI has opened a widening investigation into sex abuse in the Roman Catholic Church in New Orleans going back decades, a rare federal foray into such cases looking specifically at whether priests took children across state lines to molest …
Thu, 30 Jun 2022 14:54:21 +0000
A wildfire that erupted in Northern California forced evacuations as it threatened about 500 homes and other buildings, authorities said. The Rices Fire erupted at around 2 p.m. near the Yuba River in Nevada County and had spread to more …
Thu, 30 Jun 2022 14:12:17 +0000
A U.S. appeals court said Whole Foods employees cannot sue the upscale grocery chain or its parent Amazon.com Inc. after being sent home without pay or disciplined for wearing Black Lives Matter face masks on the job. In a 3-0 …
Thu, 30 Jun 2022 14:05:26 +0000
Insurers and the Roman Catholic Diocese of Rochester have agreed on a schedule for discovery and a bankruptcy court trial regarding a proposed $147 million settlement to cover sex abuse claims against the church. The proposed settlement was reached aft...
Thu, 30 Jun 2022 13:21:36 +0000
Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulator...
Thu, 30 Jun 2022 12:42:53 +0000
A pro-China propaganda campaign used fake social media accounts to try to stir up opposition, including protests, against mining firms that challenge China’s business interests, U.S.-based cyber-security firm Mandiant said on Tuesday. While politically...
Thu, 30 Jun 2022 12:35:09 +0000
Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market data. ReSource Pro said the addition of the...
Thu, 30 Jun 2022 12:23:45 +0000
New York’s getting ready to go around a recent U.S. Supreme Court decision by making schools and subways no-gun zones and by making it more difficult to obtain a permit to carry a firearm. Across the country, Democrats in California …
Thu, 30 Jun 2022 11:15:02 +0000
EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a possible hefty fine. Last year, the …
Thu, 30 Jun 2022 10:40:53 +0000
Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation. Turkey’s inflation rate...
Thu, 30 Jun 2022 10:12:21 +0000
Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship program with Ariel Re in Bermuda. The interns will learn about a variety of roles within the sector, including operations and finance, …
Thu, 30 Jun 2022 08:16:38 +0000
The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely unregulated, with national operator...
Thu, 30 Jun 2022 05:06:54 +0000
For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. “We expect that growth rates in the commercial lines will pull back from …
Thu, 30 Jun 2022 05:02:21 +0000
Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers like Justin Sherlock and the extreme weather …
Thu, 30 Jun 2022 05:01:59 +0000
A Democratic challenger to Florida’s chief financial officer this week laid the blame for some of the state’s property insurance woes at the feet of incumbent Jimmy Patronis. “Patronis has had five years to get in front of this,” Adam …
Thu, 30 Jun 2022 05:01:49 +0000
Some $1.1 million will be made available to South Carolina homeowners for wind mitigation grants starting Friday, July 1, the state Department of Insurance said in a bulletin. Another $1.1 million will be offered in December, if funds are available. …
Thu, 30 Jun 2022 05:01:23 +0000
Risk Strategies has named Jason Ellison its employee benefits leader for national health care practice. Ellison, who previously was a senior vice president at Gallagher for health and welfare consulting, will work to coordinate two of Risk Strategies’ ...
Thu, 30 Jun 2022 05:00:51 +0000
Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler’s most wanted after he failed to appear in Clark County Superior Court to face felony charges of filing a false insurance claim and attempted first degree th...