INSURANCE NEWS
Q&A: Louisiana Commissioner Jim Donelon on Special Session to Address Insurance Crisis
In the aftermath of Hurricane Katrina, Louisiana lawmakers created a $29 million incentive fund to lure property insurance companies to write business in the state. The Insure Louisiana Incentive Program provided grants to five insurers, who were required to match …
California Earthquake False Alarm Offers a Lesson for Crisis Communicators
An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including insurers – a thing or two about communicating to the public during following a crisis. In May 2019, an alert …
People Moves: NFP Hires Hawley as SVP in its Surety Practice
NFP Hires Hawley as Senior Vice President in its Surety Practice NFP, a New York, NewYork-based property and casualty broker, benefits consultant, wealth manager, and retirement advisor, has hired Aaron Hawley as a senior vice president in its Surety practice. …
Missouri Engineering Company Fined $198K After Fatal Electrocution
A fourth-year apprentice heating, ventilation and air conditioning technician employed by U.S. Engineering Services suffered fatal electrocution after coming in contact with energized parts while repairing HVAC equipment on Aug. 24, 2022, at University Academy, a college prep charter school …
Davies Acquires Illinois’ MVP
Davies announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory & transformation projects for the property & casualty and life & health insurance markets. With headquarters in Chicago, Illinois, US, MVP’s insurance & technology …
Texas Power Grid Holding Up Amid Winter Storm
A dayslong winter storm warning in Texas is already disrupting travel plans and closing schools, but state officials say the power grid is holding up. According to the National Weather Service, tens of millions of people in Texas and mid-South …
U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits
A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy with the …
Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage
Independent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour insurance protection (WHIP) coverage with employment practice liability (EPL) coverage. EPL+WHIP, available in all 50 states, was created to address …
Ranks of Quiet Quitters Climb as Layoffs Mount
Close to one in five workers has fully checked out on the job, and employees’ sense that they’re being treated fairly has plummeted, according to two new surveys that paint a dismal picture of the American workplace. The share of …
Connecticut Supreme Court Upholds Insurers in Two Covid-19 Business Loss Appeals
The Connecticut Supreme Court has upheld insurers in two cases where claims for business interruption losses blamed on Covid-19 were denied because there was no direct physical damage. One case involved healthcare facilities Connecticut Dermatology Group, Live Every Day, and …
People Moves: Mutual of Enumclaw Fills Two New Executive Roles
Mutual of Enumclaw, a regional carrier of personal, business and farm and ranch insurance policies, has appointed two new leaders in the company’s underwriting and client services divisions. Newly appointed Chief Member Experience Officer Jerel Titus has 25 years of …
New York Gov. Hochul Vetoes Wrongful Death Damages Bill
New York Gov. Kathy Hochul last night vetoed a measure that would have expanded wrongful death benefits after her late bid for amendments was rejected by the sponsors of the bill. In vetoing the Grieving Families Act, Hochul called for …