Gov. Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April. Scott’s administration said the reductions are part of a trend in workers’ compensation rates, which have decreased by …
Days of rain have left parts of Alabama awash in millions of gallons of dingy water that overflowed from sanitary sewer systems. On Wednesday, reports submitted to the Alabama Department of Environmental Management showed that more than 18.5 million gallons …
After years of setbacks, medical marijuana advocates in Kentucky gained momentum Wednesday when a House committee overwhelmingly approved a bill to legalize medical cannabis. The House Judiciary Committee advanced the measure on a 17-1 vote. The bill moves to the …
Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. Neither side disclosed financial details. Paris-based SCOR has partnered …
North Dakota Insurance Commissioner Jon Godfread has issued a cease and desist order to AirMedCare Network, alleging the company is selling air ambulance subscriptions to North Dakotans illegally. Consumer protection legislation enacted in 2017 banned the sale of air ambulance …
Robert J. Klonk has been appointed chairman and chief executive officer of the Cleveland, Ohio-based independent risk management and insurance brokerage firm, Oswald Companies. Klonk has served as CEO since January 2013 and has led the firm to expansive growth …
The Texas Windstorm Insurance Association (TWIA) board of directors will hold its quarterly meeting on Feb. 18, 2020, at 9:00 a.m. in Austin. The agenda for the meeting is posted on TWIA’s website. All meetings of the TWIA board of …
H.W. Kaufman Group, a global network of companies, has expanded Node International’s North American presence with the addition of Matthew Lefchik. Lefchik joins Node International as director, Cyber Risk Management Services. As director, Lefchik manages Node’s growth across North America, …
The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established production, distribution or sales methods. To succeed long-term, …
Pen Underwriting has announced the appointment of Tom Downey to the role of chief executive officer, subject to regulatory approval. He takes over the leadership of the £500 million (USS$646 million) GWP underwriting business from current CEO Jonathan Turner, who …