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19 11, 2020

Homeowners of America Insurance Expands into Illinois

By | November 19th, 2020|Uncategorized|Comments Off on Homeowners of America Insurance Expands into Illinois

Homeowners of America Insurance Co. (HOAIC), an Irving, Texas-based property/casualty insurance provider, is now offering its insurance products in the state of Illinois. HOAIC President and CEO Spencer Tucker said the move marks HOAIC’s “first entry into the Midwestern market.” …

19 11, 2020

Etier Appointed Assistant VP at Dwight Andrus Insurance

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Dwight W. Andrus Insurance Inc. in Lafayette, La., has appointed Brandt Etier as assistant vice president of Property and Casualty Sales. Etier began his insurance career with Dwight Andrus Insurance in 2010, where he serves as a commercial lines sales …

19 11, 2020

Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman

By | November 19th, 2020|Uncategorized|Comments Off on Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman

Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that …

19 11, 2020

Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal

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After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking across the Atlantic with its biggest deal yet. Intact sealed an agreement Wednesday to buy the Canada, UK and international …

18 11, 2020

Illinois Fines Continental Indemnity, Applied Underwriters $250K for Unapproved Sales

By | November 18th, 2020|Uncategorized|Comments Off on Illinois Fines Continental Indemnity, Applied Underwriters $250K for Unapproved Sales

Two former Berkshire Hathaway companies have been hit with a $250,000 fine by Illinois regulators for selling unapproved workers’ compensation policies to small businesses. The Illinois Department of Insurance says Continental Indemnity Company and Applied Underwriters Inc. also overcharged some …

18 11, 2020

Kliethermes to Take Over as CEO of Illinois’ RLI When Michael Retires

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Peoria, Ill.-based RLI Corp. says Craig W. Kliethermes, current RLI Insurance Co. president and chief operating officer, will succeed Jonathan E. Michael as RLI’s chief executive officer, upon Michael’s retirement at the end of 2021. Michael has announced that he …

18 11, 2020

Washington Man Faces Theft, Fraud Charges After Filing $65K in Claims

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Jaskaran Singh Gill, of Tukwila, Wash., was charged in King County Superior Court in Washington with two counts of first-degree theft, one count of second-degree theft and four counts of filing a false insurance claim after an investigation by Insurance …

18 11, 2020

Texas Officer, City Sued by Family of Black Woman Shot Through Window

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Family members of a Black woman who was killed when a white police officer fired through a window of her mother’s Texas home have filed a wrongful death lawsuit against the officer and the city. The federal lawsuit was filed …

18 11, 2020

Restaurants Sue to Stop New Michigan Governor’s Ban on Dining

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Just hours before another shutdown, a restaurant trade group sued on Nov. 17 to try to stop a ban on indoor dining, attacking the latest restrictions from Gov. Gretchen Whitmer’s administration in response to a wave of coronavirus cases. The …

18 11, 2020

Generali Aims to Become Top Player in Asset Management

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Italy’s top insurer Generali on Wednesday said it is aiming to become a top player in asset management after confirming its 2021 financial targets despite the pandemic. At an investor day on Wednesday, the insurer said asset management allowed it …