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22 12, 2021

Voluntary Comp Rates Drop Again in South Carolina; Assigned Risk Multiplier to Rise

By | December 22nd, 2021|Uncategorized|Comments Off on Voluntary Comp Rates Drop Again in South Carolina; Assigned Risk Multiplier to Rise

Workers’ compensation insurance rates for the voluntary market will drop next year in South Carolina, but the loss cost multiplier for the assigned risk sector will climb again, thanks to another year of excessive losses, the state Department of Insurance …

22 12, 2021

Window for Michigan Uninsured Drivers to Get Penalty-Free Insurance Ends Dec. 31

By | December 22nd, 2021|Uncategorized|Comments Off on Window for Michigan Uninsured Drivers to Get Penalty-Free Insurance Ends Dec. 31

The Michigan Department of Insurance and Financial Services is reminding uninsured drivers that they have until midnight on Dec. 31, 2021 to get penalty-free auto insurance. The amnesty period ensures that fees will not be charged if a driver who …

22 12, 2021

World Insurance Associates Acquires Total Coverage Insurance in Texas

By | December 22nd, 2021|Uncategorized|Comments Off on World Insurance Associates Acquires Total Coverage Insurance in Texas

World Insurance Associates LLC has acquired Total Coverage Insurance of Irving, Texas. Terms of the transaction were not disclosed. TCI offers all-encompassing services to their customers. They provide commercial and personal insurance, in addition to professional liability, life and health …

23 12, 2021

As Charleston Seawall Looms, Some Seek More Natural Methods

By | December 23rd, 2021|Uncategorized|Comments Off on As Charleston Seawall Looms, Some Seek More Natural Methods

CHARLESTON, S.C. (AP)–A plan to build a $1.1 billion seawall around much of downtown Charleston is leaning toward relying on concrete structures, although many would like to see the U.S. Army Corps of Engineers include less-intrusive solutions such as living …

21 12, 2021

UK Businesses Brace for Great British Resignation in 2022

By | December 21st, 2021|Uncategorized|Comments Off on UK Businesses Brace for Great British Resignation in 2022

UK businesses were hit by rising numbers of staff leaving their jobs voluntarily during 2021, with many employers facing the prospect of more resignations and a hiring crunch going into the third year of the pandemic, new research shows. Voluntary …

21 12, 2021

Two Rhode Island Contractors Face $75K in Penalties for Worksite Cave-In Risks

By | December 21st, 2021|Uncategorized|Comments Off on Two Rhode Island Contractors Face $75K in Penalties for Worksite Cave-In Risks

A federal inspection at a Warwick, Rhode Island, excavation found two area contractors ignoring cave-in risks and placing their workers in serious danger. On July 8, 2021, a U.S. Department of Labor Occupational Safety and Health Administration (OSHA) inspection at …

21 12, 2021

Connecticut Governor Signs Sweeping Order on Climate Change, Pollution

By | December 21st, 2021|Uncategorized|Comments Off on Connecticut Governor Signs Sweeping Order on Climate Change, Pollution

Connecticut Governor Ned Lamont signed a sweeping executive order aimed at reducing pollution and addressing climate change Thursday, a month after pulling back his support of a regional climate initiative amid concerns it would further increase gas prices. Under the …

21 12, 2021

Man Charged with Arson in Fire That Destroyed House, Damaged Three Others

By | December 21st, 2021|Uncategorized|Comments Off on Man Charged with Arson in Fire That Destroyed House, Damaged Three Others

A Maryland man has been arrested on arson charges stemming from a house fire that injured two firefighters, authorities said. John Edward Cropper, 56, was arrested Friday on charges of first-degree arson, second-degree arson and malicious burning, the Worcester County …

21 12, 2021

COVID-19 to Cut UK Life Expectancy by 9 Months: RBC Analysts

By | December 21st, 2021|Uncategorized|Comments Off on COVID-19 to Cut UK Life Expectancy by 9 Months: RBC Analysts

The coronavirus pandemic is seen cutting life expectancy in the UK by nine months, Royal Bank of Canada analysts said, helping to reverse trends of longevity. The estimate from insurance stock analysts Gordon Aitken and Mandeep Jagpal was based on …

21 12, 2021

Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021

By | December 21st, 2021|Uncategorized|Comments Off on Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021

Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change …