August 5, 2021

Thu, 05 Aug 2021 07:40:44 +0000
Farmers in two south Louisiana parishes who lost property during extreme weather in April through June may be eligible for federal aid, Louisiana Agriculture and Forestry Commissioner Mike Strain said Tuesday. Physical-loss loans are available for farm...
Thu, 05 Aug 2021 06:42:19 +0000
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty” that existed for both brokers. Aon’s proposed …
Thu, 05 Aug 2021 05:00:36 +0000
A U.S. judge said Microsoft Corp.’s LinkedIn must face a lawsuit claiming it inflated the number of people who watched video ads on the networking platform, allowing it to overcharge hundreds of thousands of advertisers. U.S. Magistrate Judge Susan van …
Thu, 05 Aug 2021 01:07:40 +0000
Conditions remain in line for the current Atlantic hurricane season to be an above-average one, according to the mid-season update by NOAA’s Climate Prediction Center. NOAA says there is a 65% likelihood that the season will be above average. There …
Thu, 05 Aug 2021 00:20:56 +0000
Mexico sued several gun makers in a U.S. federal court on Wednesday, accusing them of reckless business practices that supply what it called a “torrent” of illegal arms to violent Mexican drug cartels, leading to thousands of deaths. The lawsuit …
Wed, 04 Aug 2021 21:36:30 +0000
Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra Ventures, the fundraising also inclu...
Wed, 04 Aug 2021 18:13:52 +0000
California workers’ compensation written premium for the first quarter of 2021 was 13% below that for the first quarter of 2020, according to a quarterly experience report issued on Wednesday by the Workers’ Compensation Insurance Rating Bureau of Cali...
Wed, 04 Aug 2021 16:06:29 +0000
Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As anno...
Wed, 04 Aug 2021 15:59:50 +0000
IMA Financial Group has acquired Salt Lake City, Utah-based Diversified Insurance Group. Terms of the deal were not disclosed. Diversified will retain its name as a division of IMA Inc. Its CEO, Spence Hoole, will remain president of Diversified’s 70-p...
Wed, 04 Aug 2021 15:47:24 +0000
Indianapolis-based risk management and employee benefits agency, MJ Insurance, acquired ProCourse Fiduciary Advisors (ProCourse) in Carmel, Indiana. MJ said the partnership enables the firms to offer a holistic approach to wellness and include retireme...
Wed, 04 Aug 2021 15:43:47 +0000
Communities across Texas are sharing $13.6 million in grant funding aimed at reducing and preventing motor vehicle crime in the state. The Texas Motor Vehicle Crime Prevention Authority (MVCPA) grants provide support for motor vehicle theft and fraud-r...
Wed, 04 Aug 2021 15:41:52 +0000
A Lake Charles, Louisiana, orthopedic surgeon pleaded guilty to workers’ compensation fraud conspiracy, the U.S. Justice Department reported. Robert Dale Bernauer Sr., 74, pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud, heal...
Wed, 04 Aug 2021 15:34:27 +0000
Sigo Seguros, an auto insurance provider serving the Spanish-speaking community, launched its own auto insurance product in Texas that it says is transparent, affordable and natively available in Spanish and English. By removing biased rate factors lik...
Wed, 04 Aug 2021 15:08:28 +0000
Frank Simplicio, 45, of Porter Ranch, Calif., was arraigned on multiple felony counts of insurance fraud and perjury. A California Department of Insurance investigation revealed Simplicio allegedly claimed to be too injured to work in order to collect ...
Wed, 04 Aug 2021 15:04:16 +0000
Colorado Gov. Jared Polis said this week he was planning to issue a state disaster declaration and it could be “a few days to a few weeks” before a canyon in the western part of the state can be reopened …
Wed, 04 Aug 2021 15:01:27 +0000
Pacific Gas & Electric said its equipment may have been involved in the start of a small wildfire that merged with the massive Dixie Fire now threatening homes in Northern California mountains. The U.S. Forest Service was examining a tree …
Wed, 04 Aug 2021 14:22:36 +0000
New York City will become the first major U.S. city to require proof of COVID-19 vaccination at restaurants, gyms and other businesses, Mayor Bill de Blasio said on Tuesday, as the nation grapples with the rapidly spreading Delta variant. With …
Wed, 04 Aug 2021 13:20:33 +0000
New research finds that hands-free cellphone laws are associated with fewer driver deaths, and laws in 21 states allowing only hands-free cell phone use by drivers have prevented about 140 driver deaths and 13,900 driver injuries annually in the U.S. …
Wed, 04 Aug 2021 12:07:18 +0000
A federal appellate court ruling that dismissed a dental practice’s COVID-19 business interruption claim might be the beginning of the end for policyholder arguments that income lost because of government shutdowns should be recovered through commercia...
Wed, 04 Aug 2021 12:00:51 +0000
As ransomware attacks are on the rise and cyber risks continue to mount, experts say there has been “a paradigm shift in cybersecurity enforcement.” That’s according to Matt Levine, a partner in Phillips Nizer’s litigation department in its New York …
Wed, 04 Aug 2021 11:48:39 +0000
The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips’ ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause serious injuries or death. This …
Wed, 04 Aug 2021 11:32:04 +0000
U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when they are in “stressful or uncertain situations.” Citizen uses crowd-sourced content and police scanner traffic to notify users in ...
Wed, 04 Aug 2021 10:00:43 +0000
A fire that destroyed one of Maine’s nine covered bridges has been declared an arson, the fire marshal’s office said. A local business put up a $1,000 reward for information leading to the arrests of those responsible for the destruction …
Wed, 04 Aug 2021 10:00:17 +0000
A train on the Green Line in Boston crashed into another train from behind, injuring more than 20 people, authorities said. The Boston Fire Department said in a tweet 23 people were taken to hospitals with injuries, none of which …
Wed, 04 Aug 2021 10:00:15 +0000
A former Boston Police Department auto repair technician has agreed to plead guilty to a scheme to embezzle more than $260,000 from the department in auto parts and supplies, federal prosecutors said. Bahram Gharony bought parts and supplies, claiming ...
Wed, 04 Aug 2021 09:24:11 +0000
National specialty insurance brokerage and risk management firm, Risk Strategies, acquired property/casualty actuarial consulting firm Centric Actuarial Solutions LLC, based in Overland Park, Kansas. Terms of the deal were not announced. Centric helps ...
Wed, 04 Aug 2021 09:16:54 +0000
Aston Lark, the London-based insurance broker backed by Goldman Sachs, announced the acquisition of Plester Group. Established in 1964 and based in Kidderminster, England, with a dedicated team of 19, the Plester Group provides solutions for commercial...
Wed, 04 Aug 2021 09:00:34 +0000
A Tennessee state trooper testified Monday that he saw his former colleague on the force yank the mask off a protester last summer during the COVID-19 pandemic, refuting the former officer’s denial before a judge advanced the misdemeanor assault charge …
Wed, 04 Aug 2021 08:30:40 +0000
More oil gushed into the water Monday from the remains of an overturned cargo ship being dismantled along the coast of Georgia, where dozens of workers were still busy cleaning up thick bands of blackened sand from a weekend oil …
Wed, 04 Aug 2021 08:26:09 +0000
Specialist insurer Beazley has launched a suite of covers to protect organizations within Asia Pacific’s rapidly expanding life sciences sector. In an environment in which risk exposures are complex and varied – from the release of unsafe medical dev...