September 24, 2020

Thu, 24 Sep 2020 20:21:13 +0000
U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in the U.S. despite a downturn in demand for electric...
Thu, 24 Sep 2020 16:51:10 +0000
Menard Inc. is appealing a jury award to a woman who was injured when she fell over a flatbed cart at its store in Minot, North Dakota. A jury last year awarded nearly $40,000 to Darlene Johnson, plus about $145,000 …
Thu, 24 Sep 2020 16:49:30 +0000
College and professional sports teams in North Carolina may soon be allowed to host a few thousand fans in outdoor stadiums, Democratic Gov. Roy Cooper announced on Tuesday. If the state’s coronavirus numbers continue to improve or remain flat, Cooper …
Thu, 24 Sep 2020 16:48:53 +0000
The Iowa Insurance Division’s Enforcement has filed charges against Trinity Healthshare Inc. and The Aliera Companies over offerings of unauthorized healthcare products. The department alleges that Trinity, purportedly operating as a health care sharin...
Thu, 24 Sep 2020 16:48:23 +0000
The state of Wisconsin is making more money available to help small businesses in Kenosha recover from damage during recent unrest over the police shooting of Jacob Blake, officials said. Gov. Tony Evers and the Wisconsin Economic Development Corporati...
Thu, 24 Sep 2020 16:47:10 +0000
The Texas Windstorm Insurance Association’s actuarial and underwriting committee is seeking more data from TWIA staff and an actuarial consulting firm on rate adequacy and catastrophe modeling for potential hurricane losses. In a meeting on Sept. 22, t...
Thu, 24 Sep 2020 16:43:21 +0000
Environmental groups threatened to sue a wood pellet factory on Tuesday, accusing it of releasing more than 100 tons of air pollution a year in violation of the Clean Air Act. A legal notice filed against Jasper Pellets says the …
Thu, 24 Sep 2020 16:23:29 +0000
A loose, improperly fastened rail joint led to a 2017 derailment in a North Texas rail switching yard that killed a worker, the National Transportation Safety Board has found. A misaligned rail joint allowed the flange of a freight car …
Thu, 24 Sep 2020 15:01:17 +0000
New Mexico State Police have reached a $300,000 settlement with a disabled woman who accused an officer of grabbing and handcuffing her after she refused to provide ID in 2016. Jessica Guttman claimed in her 2018 lawsuit that she and …
Thu, 24 Sep 2020 14:59:07 +0000
Several Oregon businesses have threatened a class action lawsuit against the state over COVID-19 restrictions implemented by Gov. Kate Brown to slow the pandemic. A lawyer representing the businesses argues that Oregon officials should draft a plan to ...
Thu, 24 Sep 2020 13:55:33 +0000
Hong Kong-based Peak Re announced the appointment of Andrew Souter as director of markets responsible for developing the company’s property/casualty reinsurance business. Souter brings with him 18 years of experience in the finance industry. He joins P...
Thu, 24 Sep 2020 13:46:47 +0000
China’s Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without setting up a cornerstone tranche and betting on strong demand from institutional investors even without lock-up commitments, sources said. Backed …
Thu, 24 Sep 2020 13:20:52 +0000
It’s Climate Week in New York, which brings with it a raft of announcements from companies outlining their new decarbonization targets and clean investment strategies. Some of the declarations are hefty, like Walmart Inc.’s plan to reach zero emissions...
Thu, 24 Sep 2020 12:39:41 +0000
The National Association of Mutual Insurance Companies welcomed its new chairman – Robert Zak, president and chief executive officer of Merchants Mutual Insurance Co. – this week during its all-virtual 125th annual convention. Zak, a 35-year mutual...
Thu, 24 Sep 2020 12:28:33 +0000
More organizations are using captives for insurance protection and financial flexibility in response to today’s risk and insurance landscape. In its 2020 captive report, insurance broker Marsh says that that tightening global insurance market condition...
Thu, 24 Sep 2020 12:09:53 +0000
Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the Series D round. But existing investor...
Thu, 24 Sep 2020 11:44:38 +0000
Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke. Winnacker, a fire district chief who led a team against …
Thu, 24 Sep 2020 11:27:03 +0000
The U.S. Securities and Exchange Commission (SEC) voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move. Th...
Thu, 24 Sep 2020 11:13:48 +0000
A shooter opened fire and wounded two people outside a Connecticut business Tuesday and was taken into custody at gunpoint on a highway in Massachusetts, police said. Both victims were treated at a hospital and discharged. Authorities identified the al...
Thu, 24 Sep 2020 11:09:15 +0000
Reliance Global Group Inc. has acquired the assets of UIS Agency LLC, a Thiells, N.Y.-based insurance agency serving the commercial transportation industry. Reliance Global Group CEO Ezra Beyman said in a company press release that UIS will compliment ...
Thu, 24 Sep 2020 11:06:40 +0000
World Insurance Associates LLC (WIA) acquired Gateway Agency National of Highlands, N.J., on September 1, 2020. Terms of the transaction were not disclosed. Founded in 1981, Gateway specializes in home, automobile, boating and life insurance needs for ...
Thu, 24 Sep 2020 06:54:02 +0000
Berkshire Hathaway GUARD Insurance Companies has further expanded its professional liability products including coverage for lawyers, architects and engineers, accountants, as well as nearly 100 other classes of business. The company has added professi...
Thu, 24 Sep 2020 06:43:50 +0000
Beecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Raven James to director of Diversity & Inclusion. In this newly created role, James will lead the Diversity & Inclusion (D&I) council in setting D&I str...
Thu, 24 Sep 2020 06:18:25 +0000
Lockton Re’s Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. Like many in the reinsurance business, they agree no two hard markets are exactly the same. For the two men personally, …
Thu, 24 Sep 2020 06:01:40 +0000
The stakes are higher than ever for businesses when it comes to cyber risk, especially with the added complexity of COVID-19 thrown into the mix. Yet, even before the global pandemic struck, companies had been taking more action than ever …
Thu, 24 Sep 2020 05:40:44 +0000
Federal officials have sued a Houston-based staffing firm over allegations of workplace disability discrimination. Swift Technical Services LLC, doing business as Airswift, a Houston-based staffing firm focused on the oil and gas industry, violated fed...
Thu, 24 Sep 2020 05:00:50 +0000
The Liberty Company Insurance Brokers has named Sean Borchardt a partner in the Woodland Hills, Calif., office. Borchardt has more than 15 years of experience. He previously has held positions at Gallagher, Relations Insurance and Tolman & Wiker. The L...
Thu, 24 Sep 2020 05:00:34 +0000
The U.S. Congress will try again in 2021 to try to approve long-stalled reforms to speed the adoption of self-driving cars, a key Democratic lawmaker said Wednesday. U.S. lawmakers have been divided for years over how to reform regulations governing …
Thu, 24 Sep 2020 05:00:23 +0000
Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left many of them nursing losses. That would...
Thu, 24 Sep 2020 05:00:14 +0000
Crest Insurance Group LLC of Scottsdale, Ariz. has promoted Lisa Hankal to commercial lines manager. Hankal will be overseeing employees within the commercial lines department from all seven branches including Tucson, Scottsdale, Sierra Vista, Flagstaf...

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