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9 07, 2020

Texas Communities to Use $12M in Grants to Combat Vehicle Crimes

By | July 9th, 2020|Uncategorized|Comments Off on Texas Communities to Use $12M in Grants to Combat Vehicle Crimes

Texas suffers from more than $1 billion in losses from motor vehicle crime each year, according to the Motor Vehicle Crime Prevention Authority (MVCPA), a division of the Texas Department of Motor Vehicles. To help Texans fight back, MVCPA’s board …

9 07, 2020

Bridges Elected Vice Chair of Independent Insurance Agents of Texas

By | July 9th, 2020|Uncategorized|Comments Off on Bridges Elected Vice Chair of Independent Insurance Agents of Texas

The Independent Insurance Agents of Texas (IIAT) elected Mark Bridges of INSURICA in Amarillo to serve as vice chair for 2020-2021. Bridges was elected to the post during IIAT’s annual business meeting on June 10, which was held virtually. Bridges …

9 07, 2020

Nebraska Egg Processor to Pay $827K Fine, Make $2M in Upgrades

By | July 9th, 2020|Uncategorized|Comments Off on Nebraska Egg Processor to Pay $827K Fine, Make $2M in Upgrades

A Nebraska egg processing company has agreed to invest $2 million in upgrades to its facility to limit pollution and pay an $827,500 fine as part of a settlement with the Environmental Protection Agency and the state. The EPA said …

9 07, 2020

Best: Reinsurance Pricing, Pandemic Add to Woes for Florida Property Insurers

By | July 9th, 2020|Uncategorized|Comments Off on Best: Reinsurance Pricing, Pandemic Add to Woes for Florida Property Insurers

The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact coverage availability and affordability in the state. These headwinds, according to a …

2 07, 2020

AXIS Taps Woolley from GCube as Senior Underwriter, Int’l Construction Team

By | July 2nd, 2020|Uncategorized|Comments Off on AXIS Taps Woolley from GCube as Senior Underwriter, Int’l Construction Team

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Anna Woolley as a senior underwriter in its International Construction team, effective immediately. In this role, Woolley will focus on writing new business and …

2 07, 2020

Sompo Global Risk Solutions Launches Team in London for UK, Europe Markets

By | July 2nd, 2020|Uncategorized|Comments Off on Sompo Global Risk Solutions Launches Team in London for UK, Europe Markets

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in London to serve the European market through retail …

2 07, 2020

Delaware to Close Bars in Beach Towns Due to Virus Outbreak

By | July 2nd, 2020|Uncategorized|Comments Off on Delaware to Close Bars in Beach Towns Due to Virus Outbreak

Bars in certain Delaware beach towns will close ahead of the Fourth of July holiday to limit the spread of the coronavirus, the state’s governor said. The new order from Delaware Governor John Carney announced Tuesday orders bars in eastern …

2 07, 2020

M&T Insurance Agency Benefits from Cyber Risk Analytics Platform Through CyberCube

By | July 2nd, 2020|Uncategorized|Comments Off on M&T Insurance Agency Benefits from Cyber Risk Analytics Platform Through CyberCube

Clients of M&T Insurance Agency Inc. (MTIA), a provider of commercial insurance and risk management solutions that is part of the M&T Bank Corporation family, will now benefit from a new cyber risk analytics platform through CyberCube. The Broking Manager …

2 07, 2020

Legacy Specialist Compre Signs 2nd Transaction with QBE

By | July 2nd, 2020|Uncategorized|Comments Off on Legacy Specialist Compre Signs 2nd Transaction with QBE

Compre, the London-based independent re/insurance legacy specialist, announced it has signed its second legacy transaction with QBE for an undisclosed sum. The transaction follows Compre’s acquisition of QBE’s share of the Ridgwell Fox & Partners pool legacy reinsurance business in …

2 07, 2020

Insurer Group Warns About California Bill Mandating Business Interruption Coverage

By | July 2nd, 2020|Uncategorized|Comments Off on Insurer Group Warns About California Bill Mandating Business Interruption Coverage

The American Property Casualty Insurance Association is opposing legislation that would create a rebuttable presumption that the COVID-19 virus caused property damage triggering business interruption coverage in commercial liability policies. The just amended Assembly Bill 1552 would retroactively rewrite business …