INSURANCE NEWS
PIA, AIMS Society to Consolidate
The National Association of Professional Insurance Agents (PIA) and the American Insurance Marketing and Sales Society (AIMS Society) have announced they will combine entities to “redefine the future of insurance education.” A formal agreement was signed by both organizations and …
Industry Trades Respond to FIO’s Proposal to Collect Climate Change Data
Shortly after Treasury’s Federal Insurance Office (FIO) proposed to have P/C insurers submit homeowners insurance underwriting data to assess climate risk, the response from industry trade associations was, at best, tepid. “You don’t need a massive data collection to know …
People Moves: New QBE Marine Hires; Hirschorn Joins Lockton as U.S. Cyber Claims Lead
QBE Appoints New Marine VPs QBE International Markets is increasing its presence in the US marine insurance space and has appointed Sean Dollahon, vice president, US marine manager, and Katie McCord, vice president, senior marine underwriter, to its team. With …
Farm Bureau Must Defend Insured in Deadly Legionnaires’ Disease Outbreak in Carolina
What started out as festive time at the North Carolina Mountain State Fair in 2019 ended with 96 people hospitalized with Legionnaires’ disease. Four of them died. The tragedy in Fletcher, North Carolina, made national headlines. Multiple victims filed suit …
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address Problems
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages, according to CoreLogic, the …
California Democrats Split on Tax Plan to Drive EV Sales
A California ballot measure that would tax the rich to help put more electric cars on the road may seem tailor-made to win support from Democrats in a state known for climate leadership, but Proposition 30 has one notable opponent: …
Washington Chemical Processor Fined Nearly $200K for 60-Plus Safety Violations
A manufacturing company that works with dangerous chemicals in Moses Lake, Washington, faces $192,620 in fines for 46 serious and 17 general safety and health violations. Two Rivers Terminal LLC formulates products for agricultural fertilizer, airports, pulp and paper, and …
Agents Want End to California Auto Insurance Rate Moratorium
An insurance agent group in California is opining on the impact of California Insurance Commissioner Lara’s recent auto insurance rate decisions on California consumers. They do not like Lara’s auto insurance rate moratorium. “Commissioner Lara’s Rate Moratorium and his refusal …
Supreme Court Gives Boost to Domino’s in Arbitration Case
The U.S. Supreme Court on Monday gave a boost to Domino’s Pizza Inc’s bid to force delivery drivers to bring a wage lawsuit in private arbitration rather than in court in a case from California that could have major implications …
Fighting Food Poisoning: Sweeping Poultry Changes Proposed
The U.S. Department of Agriculture on Friday proposed sweeping changes in the way chicken and turkey meat is processed that are intended to reduce illnesses from food contamination but could require meat companies to make extensive changes to their operations. …
Evacuation Area Sharnk Near Southwest Washington Fire
Some roads reopened and evacuation zones shrank near a wildfire fed by gusty winds and low humidity east of Vancouver, Washington, as fire officials got a better handle on fire activity amid weather changes. About 3,000 residents were told to …
Idaho’s Workers’ Comp Rates Decreasing 11.5% for 2023
The Idaho Department of Insurance accepted a 11.5% reduction in rates, effective January 1, 2023. This follows the National Council on Compensation Insurance submission of its annual rate recommendation to the Idaho Department of Insurance for review. NCCI’s recommendation is …