INSURANCE NEWS
South Carolina Makes $2.2 Million Available for 2022 Wind Mitigation Grants, Starting Friday
Some $1.1 million will be made available to South Carolina homeowners for wind mitigation grants starting Friday, July 1, the state Department of Insurance said in a bulletin. Another $1.1 million will be offered in December, if funds are available. …
People: Risk Strategies Names Ellison Benefits Leader
Risk Strategies has named Jason Ellison its employee benefits leader for national health care practice. Ellison, who previously was a senior vice president at Gallagher for health and welfare consulting, will work to coordinate two of Risk Strategies’ national practices …
Upgrades Urged at Missouri Amtrak Crash Site, But No Action
The chief elected official in the Missouri county where an Amtrak train slammed into a dump truck said Tuesday that residents and county leaders have been pushing for a safety upgrade at the railroad crossing for nearly three years. Meanwhile, …
California Insurer’s Efforts to Keep Workers and Help During Pandemic Led to Viable New Business
In the annals of how the pandemic changed things, toss in a positive tale from insurer CSAA Insurance Group. Walnut Creek, California-based CSAA, a AAA Insurer, offers automobile, homeowners and other personal lines of insurance to AAA Members through AAA …
New York AG, City Sue ‘Ghost Gun’ Distributors for Fueling Gun Violence
New York Attorney General Letitia James has filed what she says is a “landmark” lawsuit against multiple gun distributors for fueling a gun violence crisis and endangering New Yorkers. James alleges that 10 gun distributors sold tens of thousands of …
Texas Attorney General Opens Investigation Into Walmart’s Opioid Sales
Texas Attorney General Ken Paxton said on Tuesday he was investigating whether Walmart WMT.N improperly filled prescriptions and failed to report suspicious orders when selling opioid drugs. Paxton said he had opened a civil investigation into Walmart’s potential violations of …
S&P Puts SiriusPoint on CreditWatch Neg. After CEO, COO Exits; SiriusPoint Comments
SiriusPoint, the Bermuda-based global specialty insurer and reinsurer, has responded to the recent decision by S&P Global Ratings (S&P) to place the company and its core subsidiaries on CreditWatch, with negative implications. SiriusPoint currently has an “A-” insurer financial strength …
Massachusetts OSHA Plan for Public Sector Gets Initial Federal Nod
The federal Occupational Safety and Health Administration (OSHA) has given preliminary approval to a new occupational safety and health plan for Massachusetts state and local employers and their employees. If given final approved after a comment period, the Massachusetts OSHA …
Like Bonnaroo Fest in Tenn, Outdoor Venues Facing Challenges with Climate Change
Since its debut on a rural Tennessee farm two decades ago, the Bonnaroo Music and Arts Festival strived to be one of the country’s greenest music festivals, investing in recycling, composting, solar energy and other improvements. But last August Tennessee …
Mass Shooting Insurance Rates Jump as Incidents Rise
The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so far this year, according …
‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles
Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, Kendall & Johnson said, “I am just constantly delivering bad news.” Providing a perspective of the …
Georgia Doc Sentenced in Scheme That Implicated Former Insurance Commissioner
An Atlanta-area physician and owner of medical clinics has been sentenced to 36 months in prison for defrauding health insurance companies, a scheme that also has led to the indictment of former Georgia Insurance Commissioner John Oxendine. Dr. Jeffrey Gallups …