October 26, 2021

Tue, 26 Oct 2021 11:40:48 +0000
Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance broker Marsh. While this is the …
Tue, 26 Oct 2021 11:14:11 +0000
Britain’s financial watchdog said on Tuesday it won’t stop insurer LV= from proceeding with the disputed sale of its pensions and life insurance business to U.S. private equity company Bain Capital. LV=, founded in 1843 and formerly known as Liverpool …
Tue, 26 Oct 2021 10:22:50 +0000
Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and an improving sector outlook, according to Fitch Ratings. Fitch said it expects double-digit percentage premium r...
Tue, 26 Oct 2021 09:11:46 +0000
Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant of US$43,140. This grant brings CCRIF’s Belize contributions to US$143,000, which began helping the countr...
Tue, 26 Oct 2021 08:53:21 +0000
SYDNEY – A small Australian publisher is calling for the government to enforce a new law to compel Facebook Inc to negotiate a content deal, prompting the architect of the rule to say he was “concerned” about the social media …
Tue, 26 Oct 2021 08:11:46 +0000
Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ...
Tue, 26 Oct 2021 07:00:24 +0000
A reward is being offered as investigators try to find whoever has set at least a dozen barn fires at northern Indiana farms this year. The Farm Bureau groups in Elkhart, Kosciusko, St. Joseph and Marshall counties created a $10,000 …
Tue, 26 Oct 2021 06:15:33 +0000
Kansas law enforcement agencies have received hundreds of complaints of bias over the past 10 years, but records available to the public show only two alleging racial bias resulted in consequences for officers, an Associated Press examination of the da...
Tue, 26 Oct 2021 06:00:05 +0000
The U.S. Department of Labor’s Occupational Safety and Health Administration said it has given MooreCo Inc., a Temple, Texas furniture design and manufacturing company, several opportunities to stop exposing its workers to amputation hazards, but an in...
Tue, 26 Oct 2021 05:24:45 +0000
North Carolina authorities announced Monday that a Raleigh man has been charged with falsely claiming that two Rolex watches had been stolen, an apparent ruse to gain insurance payments. James Henry Weeks III, 47, was charged with insurance fraud and …
Tue, 26 Oct 2021 05:11:32 +0000
Villages Names New People The Villages Insurance Partners has added two new people to its team of personal line risk consultants. Mary Ann Schabowski will work out of the agency’s Spanish Springs office, specializing in home, auto, golf car, motorcycle …
Tue, 26 Oct 2021 05:00:03 +0000
IMA Financial Group is acquiring Washington-based Parker, Smith & Feek to expand its brokerage services in the Pacific Northwest, Alaska and Hawaii. The deal is effective Nov. 1. Terms were not disclosed. IMA’s acquisition of PS&F grows the agency’s te...
Mon, 25 Oct 2021 22:51:33 +0000
California’s Division of Workers’ Compensation announced that the 2022 minimum and maximum temporary total disability rates will increase on Jan. 1, 2022. The minimum TTD rate will increase from $203.44 to $230.95 and the maximum TTD rate will increase...
Mon, 25 Oct 2021 18:00:08 +0000
The Hartford Names Garrison Head Of Navigators Wholesale The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and underwriting for the business, as wel...
Mon, 25 Oct 2021 16:55:40 +0000
A large storm system spawned tornadoes along the Missouri Illinois state line late Sunday, Oct. 24, causing structural damage to residences and knocking out power. The National Weather Service reported an EF-0 tornado struck Farmington, Missouri, about...
Mon, 25 Oct 2021 16:45:10 +0000
Florida property insurers may remember the strange case of Contender Claims Consultants and its associate, now-suspended Miami attorney Scot Strems. Back in 2019, it was the height of concerns about abuses of the state’s assignment-of-benefits law. Sto...
Mon, 25 Oct 2021 16:40:09 +0000
Allen appointed as Head of Financial Lines for Oneglobal Bermuda Oneglobal Broking, the London-based specialist broker, announced that Christina Allen will join Oneglobal Bermuda as head of Financial Lines. Allen will report to group CEO, Mike Reynolds...
Mon, 25 Oct 2021 15:13:45 +0000
Giant food manufacturer Kellogg is facing a class action lawsuit alleging that it is misleading the public with its Frosted Strawberry Pop-Tarts because it is not using a sufficient amount of actual strawberries in the toaster pastries’ filling. The pa...
Mon, 25 Oct 2021 15:06:57 +0000
A conductor on a Massachusetts commuter rail train is suing the company that runs the system, alleging that a malfunctioning door amputated part of his right ring finger. Allen Chin, of Quincy, is suing Keolis Commuter Services LLC for $220,000, …
Mon, 25 Oct 2021 14:43:10 +0000
Effective October 15, 2021, independent insurance agency Ensurise LLC announced its acquisition of the property/casualty insurance brokerage business of Gerczak Insurance Agency Inc. Founded in 2007 by Gary R. Gerczak, Richmond, Virginia-based Gerczak ...
Mon, 25 Oct 2021 14:35:30 +0000
Lawyers representing New Seasons Market have filed a $2.7 million lawsuit against an Oregon beef producer accusing the company of negligence for delivering beef tainted with E. coli in 2019, court records show. Several people were sickened by the bacte...
Mon, 25 Oct 2021 14:33:20 +0000
The National Transportation Safety Board issued its preliminary report on a fatal midair collision involving a helicopter and a small plane outside a suburban Phoenix airport earlier this month. The flight instructor and student pilot aboard the Robins...
Mon, 25 Oct 2021 14:01:11 +0000
A U.S. Army veteran in Maryland is facing federal charges for falsely claiming to be a paraplegic to obtain more than $1 million in government disability benefits. A federal criminal complaint charged William Rich of Windsor Mill, Maryland, for alleged...
Mon, 25 Oct 2021 13:41:55 +0000
A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers. With the COVID-19 pandemic weighi...
Mon, 25 Oct 2021 13:41:37 +0000
A judge has thrown out ethics charges against former Georgia Insurance Commissioner John Oxendine, saying state officials waited too long to pursue action. Oxendine was accused of illegally using campaign funds from his failed 2010 gubernatorial campai...
Mon, 25 Oct 2021 13:12:14 +0000
Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up …
Mon, 25 Oct 2021 12:36:19 +0000
COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge …
Mon, 25 Oct 2021 12:35:50 +0000
Direct-to-consumer DNA testing firm 23andMe Holding Co. said on Friday it would buy privately held company Lemonaid Health Inc. for $400 million in a cash-and-stock deal, as it looks to expand into telemedicine. Lemonaid Health offers patients direct o...
Mon, 25 Oct 2021 12:24:29 +0000
GENEVA/GLASGOW – Greenhouse gas concentrations hit a record last year and the world is “way off track” on capping rising temperatures, the United Nations said on Monday, showing the task facing climate talks in Glasgow aimed at averting dangerous lev...
Mon, 25 Oct 2021 12:21:28 +0000
The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of …

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