Uncategorized

/Uncategorized
23 07, 2021

Worker Shortage Hampers North Dakota Oil Production

By | July 23rd, 2021|Uncategorized|Comments Off on Worker Shortage Hampers North Dakota Oil Production

Oil production is flat in North Dakota due to a workforce shortage as the industry recovers from the coronavirus pandemic. Companies say they are in need of workers to inject water, sand and chemicals down wells to crack open rock …

23 07, 2021

72% of Minnesota in Severe Drought

By | July 23rd, 2021|Uncategorized|Comments Off on 72% of Minnesota in Severe Drought

The latest U.S. Drought Monitor shows 72% of Minnesota is currently experiencing severe drought — a big jump from a week earlier, when 52% of the state was considered to be in severe drought. Minnesota Public Radio News reports the …

23 07, 2021

Iowa Agent Placed on Probation Owes $30K, Has License Revoked

By | July 23rd, 2021|Uncategorized|Comments Off on Iowa Agent Placed on Probation Owes $30K, Has License Revoked

Des Moines, Iowa, Chad Mackland, of Council Bluffs, Iowa, recently submitted an Alford plea to the charge of Ongoing Criminal Conduct (Class B Felony) in Pottawattamie County District Court following an investigation by the Iowa Insurance Division’s Fraud Bureau. As …

16 07, 2021

Global P/C Industry See Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom

By | July 16th, 2021|Uncategorized|Comments Off on Global P/C Industry See Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom

Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year, creating a faster bounceback than from the global financial …

16 07, 2021

Q&A: Have Drivers Gotten Worse Since COVID?

By | July 16th, 2021|Uncategorized|Comments Off on Q&A: Have Drivers Gotten Worse Since COVID?

As the restrictions around COVID-19 are lifted, and more and more people hit the road to return to their work spaces and routines, there has been a familiar refrain: “People have forgotten how to drive.” Is it true? Are drivers …

16 07, 2021

World Insurance Associates Acquires New Jersey’s McCue Captains Agency

By | July 16th, 2021|Uncategorized|Comments Off on World Insurance Associates Acquires New Jersey’s McCue Captains Agency

World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the transaction were not disclosed. McCue Captains Agency was founded in 1927 as a local independent insurance agent. They …

16 07, 2021

New York Man Arrested for Insurance Fraud Following Criminal Investigation

By | July 16th, 2021|Uncategorized|Comments Off on New York Man Arrested for Insurance Fraud Following Criminal Investigation

A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation. On January 28, 2020, the Ellenville Fire Department requested the Ulster County Fire Investigation Unit to respond in Wawarsing, New York, …

16 07, 2021

Delaware Captive Insurance Legislation Signed by the Governor

By | July 16th, 2021|Uncategorized|Comments Off on Delaware Captive Insurance Legislation Signed by the Governor

With Delaware Governor John Carney’s recent signature, the state’s Captive Insurance Division is providing increased flexibility in its offerings to captive insurance companies. Senate Substitute 1 for Senate Bill 36 allows captives to be classified as registered series, offers clarity …

16 07, 2021

People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber

By | July 16th, 2021|Uncategorized|Comments Off on People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber

This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of these new hires follows here. Insurance broker Aon plc has announced several promotions within its team in the Europe, Middle …

16 07, 2021

In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

By | July 16th, 2021|Uncategorized|Comments Off on In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and business practices. There are many different ideas in …