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29 03, 2021

Florida Lawmakers Send COVID-19 Liability Protection Bill to Governor

By | March 29th, 2021|Uncategorized|Comments Off on Florida Lawmakers Send COVID-19 Liability Protection Bill to Governor

Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill the House sent to Republican Gov. Ron DeSantis on Friday. …

30 03, 2021

Hawaii Teen Gets $150K Settlement for Arrest by Classmate’s Dad

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The Honolulu City Council has approved a $150,000 settlement in a lawsuit that accused a police officer of improperly arresting a boy who had a personal dispute with his son. The family’s federal lawsuit alleged that Officer Kirk Uemura had …

29 03, 2021

Forklift Accident at Wisconsin Food Plant Leads to $177K in Proposed Penalties

By | March 29th, 2021|Uncategorized|Comments Off on Forklift Accident at Wisconsin Food Plant Leads to $177K in Proposed Penalties

Federal workplace safety officials have cited a food packaging company after a worker was seriously injured by a forklift; proposed penalties total $177,490. The U.S. Department of Labor’s Occupational Safety and Health Administration said a forklift struck and seriously injured …

30 03, 2021

Insurance Techknowledgy: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform

By | March 30th, 2021|Uncategorized|Comments Off on Insurance Techknowledgy: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform

Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small firms debuts with backing from Markel. Marble Digital insurance policy …

29 03, 2021

Gas Leak Forces Evacuation in Georgia Amid Storm Cleanup

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A gas leak forced officials Sunday to evacuate some residents in Newnan, a Georgia city cleaning up after a powerful tornado days earlier ripped roofs off numerous homes and buildings. Newnan city officials ordered evacuations along two streets, saying in …

30 03, 2021

Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re

By | March 30th, 2021|Uncategorized|Comments Off on Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re

Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma. Of that total, US$81 billion related to claims from natural catastrophes, with the …

29 03, 2021

Homes, Cars Flooded After Record Rains in Tennessee; Dozens Rescued

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Heavy rains across Tennessee flooded homes and roads, prompting officials to rescue dozens of people from houses, apartments and vehicles. Authorities said four bodies were found Sunday in the flood’s aftermath. A flash flood emergency was declared overnight by the …

30 03, 2021

Texas Legislation Would Overhaul State’s Electricity Market, Require Weatherization

By | March 30th, 2021|Uncategorized|Comments Off on Texas Legislation Would Overhaul State’s Electricity Market, Require Weatherization

The Texas Senate has unanimously approved a sweeping bill that would overhaul the state’s electricity industry and infrastructure, including mandating that power plants prepare for extreme weather and outlawing risky indexed retail electric plans. Senate Bill 3, filed by Republican …

29 03, 2021

Fire Destroys Historic Black Church in Northeast Florida

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Officials are trying to determine what caused a fire early Friday that destroyed a historic Black church in northeast Florida. Clay County Fire Rescue tweeted that no one was injured in the fire that started around 11 p.m. Thursday at …

30 03, 2021

Regulators, Watchdog at Odds With Insurance Actuaries Over Withdrawn Documents

By | March 30th, 2021|Uncategorized|Comments Off on Regulators, Watchdog at Odds With Insurance Actuaries Over Withdrawn Documents

A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision rescinding a “statement of principles” of the profession, Carrier Management recently reported. The CAS action …