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19 05, 2020

Severe Weather Damages Buildings, Injures at Least 6, in Louisiana

By | May 19th, 2020|Uncategorized|Comments Off on Severe Weather Damages Buildings, Injures at Least 6, in Louisiana

Severe weather caused injuries and damage to homes in Louisiana, officials said. At least six people were taken to a hospital Sunday night, according to a tweet from the Acadian Ambulance Service, which said it responded to Church Point. Church …

19 05, 2020

Texas Transportation Agency Hacked in 2nd Attack on State Government

By | May 19th, 2020|Uncategorized|Comments Off on Texas Transportation Agency Hacked in 2nd Attack on State Government

Texas’ transportation agency has become the second part of the state government to be hit by a ransomware attack in recent days. Someone hacked into the Texas Department of Transportation’s network in a “ransomware event,” according to a statement the …

19 05, 2020

North Carolina Coast Gets Heavy Rain, Strong Wind as Tropical Storm Arthur Hits Coast

By | May 19th, 2020|Uncategorized|Comments Off on North Carolina Coast Gets Heavy Rain, Strong Wind as Tropical Storm Arthur Hits Coast

Tropical Storm Arthur brought heavy rain to North Carolina’s coast on Monday as forecasters warned that the first named storm of the Atlantic hurricane season could also spread life-threatening surf and rip currents along U.S. East coast beaches in the …

19 05, 2020

Alabama Insurance Dept. Forms Dedicated Resiliency Division to Reduce Disaster Risk

By | May 19th, 2020|Uncategorized|Comments Off on Alabama Insurance Dept. Forms Dedicated Resiliency Division to Reduce Disaster Risk

The Alabama Department of Insurance has created a new division dedicated to supporting risk reduction against natural disasters for both policyholders and insurance companies, according to a statement from ALDOI. The new Mitigation Resources Division, directed by Brian Powell, is …

19 05, 2020

Kentucky Requests DOJ Investigation of Meatpacking Industry

By | May 19th, 2020|Uncategorized|Comments Off on Kentucky Requests DOJ Investigation of Meatpacking Industry

Kentucky officials on Friday asked the U.S. Department of Justice to investigate the meatpacking industry after local cattle farmers complained the price they are paid for their animals is continuing to drop at the same time beef prices are skyrocketing. …

19 05, 2020

Pandemic Could Complicate Colorado’s Potentially Bad Fire Season

By | May 19th, 2020|Uncategorized|Comments Off on Pandemic Could Complicate Colorado’s Potentially Bad Fire Season

As if Southwest Colorado’s extreme drought wasn’t enough to raise concerns about a potentially destructive wildfire season, the added complications of the coronavirus have only fueled that anxiety. The COVID-19 outbreak demands people isolate as much as possible to reduce …

19 05, 2020

Louisiana Senate OKs Bill Aimed at Curbing Car Accident Lawsuits

By | May 19th, 2020|Uncategorized|Comments Off on Louisiana Senate OKs Bill Aimed at Curbing Car Accident Lawsuits

The Louisiana Senate has agreed to change the rules for lawsuits over car wrecks, aiming to limit damage claims against insurance companies and other businesses. The Senate voted 29-8 for the bill by Republican Sen. Kirk Talbot of River Ridge. …

18 05, 2020

BMS Signs Long-Term Partnership Agreement with Chilean Broker Insurex Re

By | May 18th, 2020|Uncategorized|Comments Off on BMS Signs Long-Term Partnership Agreement with Chilean Broker Insurex Re

BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by Insurex Group. A long-term business plan has been agreed …

18 05, 2020

Ed Broking Launches E-Trading Platform Called ‘TradEd’ in Bermuda

By | May 18th, 2020|Uncategorized|Comments Off on Ed Broking Launches E-Trading Platform Called ‘TradEd’ in Bermuda

Ed Broking, the London-based reinsurance, wholesale and specialty broker, announced the external launch of its TradEd portals for carriers and clients in Bermuda. TradEd, the e-trading platform that is used in-house by BGC insurance companies* globally, is now available to …

18 05, 2020

Insurance Comparison Website SelectQuote Hopes IPO Will Raise $342 Million

By | May 18th, 2020|Uncategorized|Comments Off on Insurance Comparison Website SelectQuote Hopes IPO Will Raise $342 Million

SelectQuote Inc. said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the insurance policy comparison website at more than $3 billion. The company will offer about 18 …