November 27, 2020
Insight Companies Inc.
Fri, 27 Nov 2020 06:00:41 +0000
As many as one in 12 cases of Covid-19 in the early stage of the pandemic in the U.S. can be tied to outbreaks at meatpacking plants and subsequent spread in surrounding communities, according to a study. The findings highlight …
Wed, 25 Nov 2020 21:03:39 +0000
The Nevada Supreme Court has ruled that an undocumented worker is entitled to permanent disability. The court ruled on Nov. 23 that an undocumented worker suffering trauma due to a workplace accident is entitled to permanent total disability, despite a …
Wed, 25 Nov 2020 19:11:57 +0000
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.45 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2021. This marks the tenth co...
Wed, 25 Nov 2020 17:31:48 +0000
Leaders of several Louisiana public school systems have called on state officials to relax coronavirus quarantine rules that have sent thousands of students home from school because they have been in close proximity to someone who tested positive for C...
Wed, 25 Nov 2020 17:25:24 +0000
Texas is proposing changes to continuing education (CE) requirements for agents and adjusters, and is seeking comments on the proposals. Among the CE changes proposed by the Texas Department of Insurance are: An expanded list of approved course topics....
Wed, 25 Nov 2020 15:20:47 +0000
A four-week shutdown on indoor service at restaurants and bars prompted by an alarming statewide spike in COVID-19 cases is expected to cost the industry some $800 million, a representative said Monday. Anthony Anton, chief executive of the Washington ...
Wed, 25 Nov 2020 15:18:46 +0000
AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power produc...
Wed, 25 Nov 2020 15:15:09 +0000
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of PrimeOne Insurance Co. in Salt Lake City, Utah. The Credit Ratings reflect …
Wed, 25 Nov 2020 15:11:26 +0000
The California Public Utilities Commission has raised concerns over certain deficiencies that it says could affect PG&E Corp.’s ability to provide safe and reliable service, the power provider disclosed in a regulatory filing on Wednesday. The regulato...
Wed, 25 Nov 2020 14:56:52 +0000
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to offer insurance, helped by the …
Wed, 25 Nov 2020 14:43:06 +0000
Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong Kong through its Lloyd’s platform...
Wed, 25 Nov 2020 14:22:28 +0000
A former Starbucks Corp. barista in New Jersey sued the coffee chain on Thursday, claiming she was fired illegally because she did not want to wear a “PRIDE” T-shirt, which she said conflicted with her religious beliefs. Betsy Fresse said …
Wed, 25 Nov 2020 13:50:04 +0000
Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization of its international portfolio across the organisation’s broker network. Called Space B ...
Wed, 25 Nov 2020 13:32:37 +0000
British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners on Wednesday, in a deal that digs a popular UK institution out of financial problems deepened by the coronaviru...
Wed, 25 Nov 2020 13:30:23 +0000
Can you be fired from a government job for using a firearm in self-defense? That question arose in a recent decision by the U.S. Court of Appeals for the Seventh Circuit. The answer was … equivocal. Let’s first be clear …
Wed, 25 Nov 2020 13:19:37 +0000
President-elect Joe Biden’s top technology adviser helped craft California’s landmark online privacy law and recently condemned a controversial federal statute that protects internet companies from liability, indicators of how the Biden administration ...
Wed, 25 Nov 2020 13:10:17 +0000
The head of the European Union’s executive on Wednesday reported “genuine progress” in Brexit talks but said the risk of Britain leaving the EU without a new trade deal on Dec. 31 remained, an outcome she said the bloc was …
Wed, 25 Nov 2020 13:05:28 +0000
The first Americans could receive a COVID-19 vaccine as soon as Dec. 11, the chief scientific adviser for the U.S. government’s vaccine program said on Sunday. “Within 24 hours from the approval, the vaccine will be moving and located in …
Wed, 25 Nov 2020 12:57:33 +0000
Home Depot Inc., the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate probe into a 2014 data breach where hackers accessed payment card data belonging to 40 million customers. The settlement ...
Wed, 25 Nov 2020 12:45:28 +0000
Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the merger of the two companies. Specialty reinsurer Third Point Re, and Sirius International Insurance Group,...
Wed, 25 Nov 2020 11:33:32 +0000
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on Wednesday. SCOR, one of the world’s largest reinsurer...
Wed, 25 Nov 2020 11:15:10 +0000
Shelter Insurance announced that Randa Rawlins would become Shelter Mutual Insurance Co.’s next president and CEO, effective Jan. 1, 2021, in anticipation of the retirement of current President and CEO Matt Moore, who will retire in June 2021. Also, Pa...
Wed, 25 Nov 2020 11:00:59 +0000
The University of Pennsylvania has announced that it will contribute $100 million to the School District of Philadelphia over the next decade to deal with environmental hazards such as asbestos and lead in school buildings. Officials said the contribut...
Wed, 25 Nov 2020 11:00:29 +0000
Motorists who register an electric vehicle in Pennsylvania would have to pay an annual fee, under lame-duck session legislation approved by the state’s Republican-controlled House of Representatives on Thursday. The bill, backed by a 132-70 vote, goes ...
Wed, 25 Nov 2020 11:00:22 +0000
While Stanton Insurance Group (SIG) is in the business of providing insurance for cars, homes and businesses, President David W. Stanton says the agency is also about much more than that. “As a local business, we have a responsibility to …
Wed, 25 Nov 2020 09:15:58 +0000
Hippo Enterprises, an MGA insurtech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of the deal. Mitsui Sumitomo Insurance Co. Ltd., a subsidi...
Wed, 25 Nov 2020 07:32:25 +0000
There were many reasons that employees of Florida-based Darr Schackow Insurance nominated their employer as a Best Agency to Work For this year, including its work in the communities it serves and how hard it works for its customers. But …
Wed, 25 Nov 2020 07:23:00 +0000
Debris is washing up from a cargo ship stranded on the Georgia coast as a salvage team cuts it into chunks. The leaks are not unexpected as salvagers demolish the Golden Ray, a South Korean ship that overturned in St. …
Wed, 25 Nov 2020 07:19:26 +0000
A coal miner died Monday in a workplace accident in southern West Virginia, the governor’s office said. Taylor Meldin Halstead, 20, of Bob White, was killed in the accident at Panther Mining LLC’s American Eagle Mine in the Kanawha County …
Wed, 25 Nov 2020 06:37:19 +0000
Two South Dakota law enforcement officials want the courts to overturn a citizen-approved constitutional amendment legalizing marijuana in the state. The Argus Leader reports Pennington County Sheriff Kevin Thom and South Dakota Highway Patrol Superint...