INSURANCE NEWS
Beware of Foraging Bears in Hyperphagia Dealing With Acorn Shortage
Wildlife officials in Connecticut are warning residents against feeding bears particularly over the next few months as the animals step up their hunt for the extra food they will need before hibernating for the winter. According to the Connecticut Department …
Washington AG Investigating ‘Possible Discrimination’ for Insurers Using Credit Scores
Attorney General Bob Ferguson announced that a Thurston County Superior Court judge rejected an attempt by PEMCO Mutual Insurance Company and subsidiaries of the Progressive Corporation to stop his office’s investigation of potential race discrimination against Washington drivers. The companies …
Texas DWC to Hold Quarterly Stakeholder Meetings on Nov. 29
The Texas Division of Workers’ Compensation (DWC) will hold its quarterly stakeholder meeting for insurance carriers and medical providers in the Texas workers’ compensation system on Nov. 29. DWC said the meetings provide an update on routine information and data …
Kansas Utility to Pay $120K Settlement
The U.S. Environmental Protection Agency (EPA) announced a settlement under the Agency’s Coal Combustion Residuals (CCR) program with Evergy Kansas Central Inc. at the company’s retired Tecumseh Energy Center coal-fired power plant in Tecumseh, Kansas. In the settlement, Evergy will …
Kansas City to Pay $5M After Police Killing of Black Man
KANSAS CITY, Mo. (AP) – Kansas City will pay $5 million to settle a lawsuit filed by the family of an unarmed Black man who was fatally shot by a police officer in 2019. The Kansas City Board of Police …
People Moves: Vantage Taps Hamilton’s Skerlj as Chief Risk Officer; Hamilton Promotes Baker to Group CRO; LSM Names Garcia Larriu for Senior Role in Spain
This edition of International People Moves details appointments at Vantage Group Holdings, Hamilton Insurance Group and Liberty Specialty Markets. A summary of these new hires follows here. Vantage Group Holdings Ltd. announced that Peter Skerlj will join as chief risk …
Glen Mulready Wins Reelection as Oklahoma Insurance Commissioner
Oklahoma Insurance Commissioner Glen Mulready won reelection without opposition Tuesday. Mulready’s new term goes through 2026. Mulready, a Republican, served eight years in the Oklahoma House of Representatives before running for commissioner in 2018. Mulready defeated Democrat Kimberly Fobbs in …
Markets/Coverages: Hub International Launches Professional & Exec Risk Practice
Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability, professional liability, tech/cyber, and transactional risk insurance placement capabilities, …
Vicki Schmidt Reelected as Kansas Insurance Commissioner
Republican Vicki Schmidt was reelected Kansas Insurance Commissioner Tuesday, defeating challenger Kiel Corkran, a Democrat, by a near 2-1 margin. Schmidt led with 63.4% of the votes and more than 95% of precincts reporting. Corkran ran as a Green Party-endorsed …
Alcohol Death Toll is Growing, U.S. Government Reports Say
The rate of deaths that can be directly attributed to alcohol rose nearly 30% in the U.S. during the first year of the COVID-19 pandemic, according to new government data. The Centers for Disease Control and Prevention had already said …
African Insurers Pledge $14 Billion of Cover for Climate Disaster Risks
A group of over 85 African insurers has pledged to provide $14 billion of cover to help the continent’s most vulnerable communities deal with climate disaster risks such as floods and droughts. The commitment launched on Wednesday during the COP27 …
Aviva Pledges ‘Regular and Sustainable’ Investor Payouts as Premiums Rise
Aviva plans “regular and sustainable” investor payouts, its CEO said on Wednesday, as the British insurer reiterated plans for a share buyback program alongside its 2022 results and posted a rise in nine-month gross written premiums. Aviva, under pressure from …