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Insurer Group Has Issue with Colorado Insurance Department’s COVID-19 Memo
The American Property Casualty Insurance Association is taking issue with tentative plans by the Colorado Department of Insurance to halt the use of credit information in Colorado during the pandemic. A recent draft bulletin from the department directs property/casualty insurers …
POSTED MAY 29, 2020 7:38 PM |
Swiss Re Corporate Solutions Launches Parametric Product for Hail-Proned States
Swiss Re Corporate Solutions (SRCS) has expanded its parametric offering with the launch of HAIL, a parametric hail insurance cover. The new product is designed to protect companies in the United States from the financial impact of a significant hail …
POSTED MAY 29, 2020 4:59 PM |
AssuredPartners Acquires Cypress Insurance Group of Florida
AssuredPartners, Inc. has acquired Cypress Insurance Group, Inc. of Fort Lauderdale, Fla. The team of 20 will remain under the operational leadership of Terry Bond and Debbie Arciola. The agency currently reports $3 million in annualized revenues. AssuredPartners Regional President …
POSTED MAY 29, 2020 4:57 PM |
Construction Co. Owner Cited 27 Times Before Fatal Trench Collapse in Mississippi
The owner of the contracting company of which two workers were killed in a trench collapse in Mississippi earlier this month was previously issued 27 federal citations for safety violations. Shane Henderson was the president of the now-defunct Gilco Contracting, …
POSTED MAY 29, 2020 4:52 PM |
Price Forbes’ Gilmore Appointed Chairman of Worldwide Broker Network
The Worldwide Broker Network has appointed Price Forbes Executive Director Alex Gilmore as chairman. Gilmore previously served as WBN’s Treasurer. He takes over the voluntary position of chairman from Jim Watt of EPIC Insurance Brokers & Consultants, who will continue …
POSTED MAY 29, 2020 4:18 PM |
Louisiana Medical Marijuana Program Expansion Nears Final Passage
Louisiana lawmakers are one step from removing most restrictions on which medical conditions are eligible for medical marijuana, allowing doctors to recommend the treatment for any patient they believe it would help. The Senate voted 28-6 on May 27 for …
POSTED MAY 29, 2020 4:08 PM |
Unlicensed Louisiana Insurance Producer Told to ‘Cease and Desist’
A Louisiana man who insurance regulators say continued to transact insurance business after having had his state insurance licensed revoked has been issued a cease and desist order by Insurance Commissioner Jim Donelon. The Louisiana Department of Insurance reported that …
POSTED MAY 29, 2020 4:02 PM |
S&P Affirms Munich Re’s ‘AA-‘ Ratings, Reflecting Sufficient Capital for COVID-19 Crisis
S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries, with a stable outlook. The stable outlook reflects S&P’s view that Munich Re will maintain capital adequacy above the “AA” …
POSTED MAY 29, 2020 3:58 PM |
Insurance Survey Asks: How Is Pandemic Affecting Your Life, Your Work, Your Industry?
How is the coronavirus pandemic affecting your life and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers …
POSTED MAY 29, 2020 3:27 PM |
U.S. Court Says State Courts Are Proper Forum for Climate Suits Against Big Oil
Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy …
POSTED MAY 29, 2020 3:20 PM |
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