INSURANCE NEWS
Pinnacol Assurance Giving $15M Dividend to Colorado Businesses
Pinnacol Assurance announced its 2025 general dividend will return roughly $15 million to more than 47,000 workers’ compensation insurance policyholders across Colorado. Th dividend marks the 10th consecutive year Pinnacol has returned dividends to Colorado businesses. The 2025 dividend, which …
California Agency Issues Guidelines for Healthcare Providers Affected by LA Wildfires
The California Department of Managed Health Care issued an all-plan letter designed to provide flexibility for health plans to assist healthcare providers impacted by the Los Angeles wildfires. Related: LA Municipal Utility Says No Evidence Energized Power Line Caused Fire …
Missouri DCI to Send Consumer Specialists to Jefferson and St. Louis Counties
Consumer specialists with the Missouri Department of Commerce and Insurance (DCI) will participate in Multi-Agency Resource Centers (MARC) to answer insurance questions and help those impacted by the severe storms in Jefferson and St. Louis Counties. MARCs are one-stop shops …
Measles Count Grows as Outbreak Spreads to Kansas
The measles outbreaks in West Texas and New Mexico have surpassed a combined 370 cases, and two unvaccinated people have died from measles-related causes. Measles is caused by a highly contagious virus that’s airborne and spreads easily when an infected …
West Texas Lawmakers Want to Divert Oil and Gas Taxes to Address Oil Patch Repairs
The fracking boom that resuscitated the Texas oil fields has also beaten up the infrastructure in the Permian Basin, the state’s biggest oil and gas drilling region. More heavy trucks drove through small towns, tearing up roads. Companies built temporary …
People Moves: Everest Re Taps Haines From Carpenter as Global Head of Engineering; MGA Aqueous Promotes Dorrell to New Role as Head of P/C
This edition of International People Moves details appointments at Everest Re and the MGA Aqueous Underwriting. A summary of these new hires follows here. Everest Re Taps Haines From Carpenter as Global Head of Engineering Everest Reinsurance, the reinsurance division …
Texas Lt. Gov. Threatens Overtime Session to Force THC Ban
Lt. Gov. Dan Patrick said he will move to force an overtime session of the Legislature if lawmakers fail to ban THC or tighten Texas’ bail laws — two of his top priorities — before the current session ends in …
AM Best Revises Outlooks to Stable for Members of ISMIE
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ISMIE Mutual Insurance Company and ISMIE Indemnity Company (collectively known as …
State Farm Insurance Agents Can Now Offer Personal Loans
In the latest expansion of the alliance between State Farm and U.S. Bank, State Farm customers can apply for U.S. Bank personal loans for up to $50,000 working directly with their insurance agent. The new offering joins the existing suite …
Massachusetts Probes Robinhood Again, This Time Over March Madness Betting
REUTERS EXCLUSIVE Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments. Massachusetts …
Eight Corvettes Stolen from Kentucky Plant But Found Later, Some with Minor Damage
LOUISVILLE, Ky. (AP) — Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said. The cars were taken from the …
Sompo Granted Licenses to Write Primary Insurance in Belgium and the Netherlands
Sompo, the global property and casualty re/insurer, announced it has been granted licenses by the regulatory authorities to write primary insurance in Belgium and the Netherlands. Sompo said the development extends its commercial P/C insurance capabilities and product offerings in …