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26 01, 2021

Montana Virus Liability Bill Advancing Through Legislature

By | January 26th, 2021|Uncategorized|Comments Off on Montana Virus Liability Bill Advancing Through Legislature

A bill that would protect businesses and health care providers from coronavirus-related lawsuits is advancing quickly through the Montana Legislature, after the state’s Republican governor said the measure was necessary to remove a statewide mask mandate put in place by …

26 01, 2021

Survey Shows Gains in Rural Economy of Midwest, West States

By | January 26th, 2021|Uncategorized|Comments Off on Survey Shows Gains in Rural Economy of Midwest, West States

The rural economy in parts of 10 Plains and Western states continues to grow, but rural bank CEOs say their biggest fears for the 2021 economy are excessive inflation and higher long-term interest rates, according to a new monthly survey …

26 01, 2021

Credit Ratings of Ohio’s Wayne Mutual Insurance Upgraded

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AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Wayne Mutual Insurance Co. (Wayne Mutual) in Wooster, Ohio. The outlook of these ratings has …

26 01, 2021

Judge Strikes Down N.D. ‘Pore Space’ Law; Oil, Gas Operations Disappointed

By | January 26th, 2021|Uncategorized|Comments Off on Judge Strikes Down N.D. ‘Pore Space’ Law; Oil, Gas Operations Disappointed

A judge has struck down a North Dakota’s law that landowners say takes away their property rights. The so-called pore space law passed the Legislature in 2019 after supporters sought clarification on the use of cavities in rock or soil. …

26 01, 2021

Houston’s Skyward Specialty Names Burkhart President of Specialty Lines

By | January 26th, 2021|Uncategorized|Comments Off on Houston’s Skyward Specialty Names Burkhart President of Specialty Lines

Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has appointed John Burkhart president of specialty lines with oversight of Executive and Professional Liability, Healthcare Professional Liability, Surety, E&S and the A&H businesses. Burkhart brings 28 years of experience and has …

26 01, 2021

Georgia Spending $200K a Year on Indicted Insurance Chief

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Georgia taxpayers are spending nearly $200,000 a year in salary and benefits for an insurance commissioner who’s been suspended for nearly two years. When Insurance Commissioner John King presented his budget to lawmakers last week, it included $194,899 for “one-time …

26 01, 2021

Brown & Brown Revenues, Profit Jump in Q4

By | January 26th, 2021|Uncategorized|Comments Off on Brown & Brown Revenues, Profit Jump in Q4

Insurance agency Brown & Brown reported revenues for the fourth quarter of 2020 of $642.1 million, a jump of 10.9% or $63.1 million compared to the fourth quarter of 2019. Agency commissions and fees increased in the quarter by 10.9% …

26 01, 2021

FEMA OKs More than $1B for Hurricanes Delta, Laura Recovery in Louisiana

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FEMA has approved more than $1 billion in federal disaster assistance, long-term disaster loans and flood insurance claims since Hurricanes Laura and Delta hit the state in 2020. Laura made landfall in Louisiana in late August 2020 and Delta in …

26 01, 2021

Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida

By | January 26th, 2021|Uncategorized|Comments Off on Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida

The St. Joe Company, a Northwest Florida-based real estate developer and asset manager, has formed Watersound Insurance Agency, LLC, a new venture offering personal and commercial insurance services in Northwest Florida. St. Joe has entered into a co-broker agreement with …

26 01, 2021

California Alerts Residents in Burn Areas About Flood And Mudslide Coverage

By | January 26th, 2021|Uncategorized|Comments Off on California Alerts Residents in Burn Areas About Flood And Mudslide Coverage

California Insurance Commissioner Ricardo Lara is alerting residents to review their current insurance policies in the midst of a forecast of winter weather bringing the possibility of floods, mudslides, debris flows, and other disasters to recent wildfire burn areas throughout …