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16 11, 2020

Labor, Civil Rights Groups’ Lawsuit Claims Iowa Failed to Protect Workers

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Eight Iowa labor and civil rights groups have filed a federal complaint alleging the state has failed to protect workers in meatpacking, dairy, construction, transportation, health care facilities, nursing homes and other industries. The complaint filed with the federal Occupational …

16 11, 2020

World Encouraged by Moderna Vaccine’s Success in Trials

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Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far exceed expectations. Together with Pfizer Inc.’s vaccine, …

16 11, 2020

Risk Placement Services Launches Online Commercial Crime Product

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E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover losses resulting from fraud committed by internal and external parties. Available to quote-bind-issue through RPS’ online platform, this new commercial crime …

16 11, 2020

King Tides Could Bring Flooding to South Florida

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The National Weather Service in Miami is issuing a coastal flood statement as the new moon’s proximity to Earth brings on another round of king tides. The Palm Beach Post reports that because the new moon is Sunday, the brackish …

16 11, 2020

Parts of Florida, Carolinas Take Beating from Tropical Storm Eta

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After hanging over Florida for several days, the former Tropical Storm Eta became a post-tropical cyclone early Friday, racing off the Southeast Atlantic coast and bringing heavy rains and gusty winds to the Carolinas after blustering across north Florida. One …

16 11, 2020

HUB Acquires Assets of Miss.-Based Larry Dean Massey, Jr.

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Hub International Limited (Hub), a global insurance brokerage, has acquired the insurance brokerage assets of Larry Dean Massey, Jr. (Massey). Terms of the transaction were not disclosed. With legacy operations in Memphis, Tenn., and now in Oxford, Miss., Massey offers …

16 11, 2020

Orchid Insurance, Homesite Launch Homeowners Insurer TRUE in Florida

By | November 16th, 2020|Uncategorized|Comments Off on Orchid Insurance, Homesite Launch Homeowners Insurer TRUE in Florida

Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group, a national property insurer, have created TRUE, a reciprocal insurance company to protect homeowners in coastal states. TRUE (Trusted Resource Underwriters Exchange) is domiciled in …

16 11, 2020

Texas Automobile Insurance Plan’s 4.8% Commercial Auto Rate Hike Approved

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The Texas Department of Insurance (TDI) has approved the request by the Texas Automobile Insurance Plan Association (TAIPA) for a 4.8% increase in commercial auto rates, with an effective date of March 1, 2021. TAIPA members include all insurers authorized …

16 11, 2020

McDonald’s Plans Safety Checks of All Restaurants as COVID Cases Surge

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McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and “COVID fatigue” sets in, according to an internal note seen by Reuters on Friday. “It is apparent we are entering …

16 11, 2020

Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago

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Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to the III executive behind the move. III CEO …