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30 11, 2020

Recorded Texas Surplus Lines Premium Rose to $629.53 Million in October

By | November 30th, 2020|Uncategorized|Comments Off on Recorded Texas Surplus Lines Premium Rose to $629.53 Million in October

The Surplus Lines Stamping Office of Texas (SLTX) recorded $629.53M in Texas surplus lines premium during the month of October. The premium recorded year to date through October represents a 13.8% increase over the same period in 2019, according to …

30 11, 2020

Damage Toll from Hurricane Zeta Totals Nearly $90M in Mississippi

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Hurricane Zeta left a trail of destruction and millions in damage in Mississippi when it came ashore Oct. 28, state officials said. The state has documented tens of millions in damage from the storm, which had 100 mph winds and …

30 11, 2020

Former Michigan Insurance Agent Sentenced to Jail for Embezzlement

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A former Genesee County, Michigan, insurance agent has been sentenced to prison for embezzling more than $90,000 from her clients and providing them with phony home and automobile insurance certificates, according to the state insurance regulators. The sentencing of Angella …

30 11, 2020

$300K State Grant to Help New Orleans with Traffic Safety

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A state grant will help the New Orleans Police Department staff additional checkpoints to catch drunk drivers next year. The department says in a news release that the year-long grant is from the Louisiana Highway Safety Commission. It is estimated …

30 11, 2020

Century Risk Advisors of Florida Names Brown Manager of Private Client Division

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Property & Casualty insurance executive Tracy Brown has been named manager of the Private Client Division at Century Risk Advisors, Inc. (CRA), an independent insurance agency offering insurance and risk management services. Brown has 20 years of experience in the …

30 11, 2020

$17M Award for Woman Injured at Walmart OK’d by W. Virginia High Court

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The West Virginia Supreme Court has affirmed a jury verdict of nearly $17 million for a woman who was injured when Walmart staffers tried to detain a shoplifter. The court rejected the retail giant’s appeal on Nov. 19. A lawyer …

30 11, 2020

Thanksgiving Fire Engulfs Florida Shopping Center

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State fire marshals are investigating a suspicious fire that engulfed a shopping center early Thanksgiving morning. The fire at the Village Plaza shopping center in Daytona Beach broke out at about 4 a.m. Thursday and spread into several units, according …

27 11, 2020

Meatpacking Plants Linked to Up to 8% of Early U.S. COVID Cases

By | November 27th, 2020|Uncategorized|Comments Off on Meatpacking Plants Linked to Up to 8% of Early U.S. COVID Cases

As many as one in 12 cases of Covid-19 in the early stage of the pandemic in the U.S. can be tied to outbreaks at meatpacking plants and subsequent spread in surrounding communities, according to a study. The findings highlight …

25 11, 2020

SCOR CEO Expects Double-Digit Reinsurance Rate Hikes in January Renewals

By | November 25th, 2020|Uncategorized|Comments Off on SCOR CEO Expects Double-Digit Reinsurance Rate Hikes in January Renewals

Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on Wednesday. SCOR, one of the world’s largest reinsurers, has …

25 11, 2020

Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger

By | November 25th, 2020|Uncategorized|Comments Off on Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger

Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the merger of the two companies. Specialty reinsurer Third Point Re, and Sirius International Insurance Group, a multi-line insurer and reinsuer, …