April 17, 2021

Fri, 16 Apr 2021 21:27:10 +0000
California farm labor company owners and siblings Elias Perez, 40, of Greenfield, and Alejandra Perez, 37, of Soledad, were arraigned on over 20 felony counts of insurance and tax fraud after allegedly underreporting payroll by over $17 million resulti...
Fri, 16 Apr 2021 16:57:05 +0000
The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC). The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the ...
Fri, 16 Apr 2021 16:52:17 +0000
Mississippi is asking President Joe Biden to approve a major disaster declaration to help local governments and nonprofit groups recover costs from responding to winter storms that brought large parts of the state to a standstill. Gov. Tate Reeves’ off...
Fri, 16 Apr 2021 16:48:07 +0000
An $8.3 billion idea by Warren Buffett’s Berkshire Hathaway Energy to build 10 new natural gas power plants across the state for emergency use turned into formal legislation on April 15, when the proposal was introduced during a state Senate …
Fri, 16 Apr 2021 16:25:01 +0000
The Louisiana Department of Insurance (LDI) has issued a cease and desist order to a Birmingham, Ala., insurance agency, Senior Care Services LLC, alleging the company uses false or misrepresentative facts and information such as submitting fraudulent ...
Fri, 16 Apr 2021 16:13:15 +0000
The National Insurance Crime Bureau (NICB), is urging Texas legislators to take steps to address the significant increase in catalytic converter thefts across the state. Texas is in the top five of states with the most catalytic converter thefts, the …
Fri, 16 Apr 2021 16:11:51 +0000
The number of traffic crash fatalities in South Dakota rose to 141 last year — an increase of 38% over the previous year. The South Dakota Department of Public Safety said in 2020, there were 132 crashes in which the …
Fri, 16 Apr 2021 16:11:21 +0000
South Texas officials say they are worried about flooding during the hurricane season starting June 1 from breaches in a levee system that remain after border wall construction was halted. Hidalgo County Judge Richard Cortez told Border Report that the...
Fri, 16 Apr 2021 16:08:55 +0000
Abry Partners (Abry), a Boston-based private equity firm, has acquired High Street Insurance Partners (HSIP), a full-service insurance brokerage, located in Traverse City, Michigan. Abry is acquiring HSIP from Huron Capital (Huron), a Detroit-based low...
Fri, 16 Apr 2021 15:58:20 +0000
Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an improvement over 2019 when 13 impairme...
Fri, 16 Apr 2021 15:02:53 +0000
Legislation intended to increase injured California workers’ access to medical care by requiring the state to create a medical provider network as an alternative to private networks that render 90% of California workers’ compensation treatment would si...
Fri, 16 Apr 2021 14:27:16 +0000
California lawmakers rejected a bill that would have banned fracking in the state, succumbing to pressure from the powerful oil and gas industry and their labor union allies who warned the bill would have cost good-paying jobs. The bill was …
Fri, 16 Apr 2021 14:10:48 +0000
California officials on Thursday voted to toughen oversight of Pacific Gas & Electric, saying the utility had largely failed to perform required tree-trimming work near power lines in areas with the highest risk of wildfires. The unanimous vote by the …
Fri, 16 Apr 2021 14:03:12 +0000
Praedicat Inc., the Los Angeles-based liability emerging risk analytics company, announced the launch of its new Risk Scenario Analysis Platform, which widens the cross-line clash scope of its scenario suite. The platform also makes it easier for syndi...
Fri, 16 Apr 2021 13:30:49 +0000
Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state anti-discrimination laws. The n...
Fri, 16 Apr 2021 13:28:27 +0000
Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online brokerage sued to invalidate a new rule und...
Fri, 16 Apr 2021 13:06:13 +0000
Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the optimal environment that supports und...
Fri, 16 Apr 2021 12:37:46 +0000
The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …
Fri, 16 Apr 2021 12:02:44 +0000
New York City has embarked on a $1.45 billion resiliency project in lower Manhattan along the East River, an area devastated by flooding in 2012 during Hurricane Sandy, Mayor Bill de Blasio said. The city’s East Side Coastal Resiliency project, …
Fri, 16 Apr 2021 10:57:09 +0000
LONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she...
Fri, 16 Apr 2021 10:25:41 +0000
LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial …
Fri, 16 Apr 2021 10:12:21 +0000
A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that the European Union’s Space Surveillance and Tracking Consortium estimated could generate more than 4 million pieces of debris. I...
Fri, 16 Apr 2021 09:53:07 +0000
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said. Wemmer …
Fri, 16 Apr 2021 09:26:46 +0000
The White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the SolarWinds hack, which led to the compromise of nine federal agencies and hundreds of private sector companies. Senior …
Fri, 16 Apr 2021 09:12:26 +0000
Insurance technology provider Zywave announced the acquisition of Enquiron, the Boston-based provider of risk management and consultative business solutions. Financial details of the acquisition were not disclosed. Founded in 1996, Enquiron serves more...
Fri, 16 Apr 2021 06:55:28 +0000
The Mississippi Supreme Court heard arguments Wednesday in a lawsuit that’s trying to block a voter-approved medical marijuana program by disputing how the issue got onto the ballot. Arguments were not about marijuana. Instead, they were about Mississi...
Fri, 16 Apr 2021 06:45:04 +0000
The Hilb Group, LLC has acquired South Carolina-based McCartha, Cobb & Associates, Inc. (MC). The transaction became effective on April 1, 2021. MC is an insurance agency, specializing in contract and commercial surety bonds to the construction industr...
Fri, 16 Apr 2021 05:35:28 +0000
The Wisconsin Supreme Court has ruled that Gov. Tony Evers’ administration does not have the authority to issue capacity limits on bars, restaurants and other businesses without the Legislature’s approval, a ruling that comes two weeks after the conser...
Fri, 16 Apr 2021 05:00:00 +0000
Chubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service specialists across multiple line...
Fri, 16 Apr 2021 04:22:07 +0000
Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand Corvus’ Smart Cargo + Cyber offering. Th...