16 02, 2021

Storm System Spawns Tornado in Florida, Several Homes Damaged

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A tornado in Florida’s Tampa Bay region peeled off rooftops, snapped trees and roused residents from bed early Sunday morning. The National Weather Service said there were no serious injuries reported from the twister that might have begun as a …

16 02, 2021

Freeze Slams Texas; Power Could Be Out for Days

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The deep freeze that has forced the shutdown of U.S. refineries, oil wells and meat plants, disrupted shipments of soybeans and corn, and is still leaving more than 3 million customers without electricity could continue to keep parts of Texas …

16 02, 2021

Done Deal: Bold Penguin Is Now a Subsidiary of American Family

By | February 16th, 2021|Uncategorized|Comments Off on Done Deal: Bold Penguin Is Now a Subsidiary of American Family

Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring the digital exchange Bold Penguin that serves small businesses. The Bold Penguin technology is used by insurance agents, brokers and other distributors to match, quote and bind policies from …

16 02, 2021

Citrus Crop Losses Expected in Texas After Deep Freeze

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The historic cold snap that has frozen Texas this week with brutal winter weather and brought snow all the way to beaches along the Gulf of Mexico is also bringing headaches for citrus growers at the southern tip of the …

16 02, 2021

150 Years of Spills: Philadelphia Refinery Cleanup Reveals Toxic Legacy of Fossil Fuels

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Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning from a sprawling and now-defunct oil refinery once operated by Philadelphia Energy Solutions (PES). Other laborers ripped asbestos from the …

17 02, 2021

Monahan Returns to Appalachian Underwriters in Florida as P&C Senior Broker

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Appalachian Underwriters, Inc. (AUI) has appointed Kimberly Monahan to its Brokerage Department as a property and casualty broker. Monahan is located in Daytona Beach, Fla., and will be working to cover the Northeast Coast of Florida over to the Panhandle. …

17 02, 2021

New QBE Custom Property Coverage Form Targets Mid-Size Company Risks

By | February 17th, 2021|Uncategorized|Comments Off on New QBE Custom Property Coverage Form Targets Mid-Size Company Risks

QBE North America has launched a new modular property form designed to give underwriters and brokers the ability to tailor a program for each individual customer. The QBE Custom Property product contains 33 additional coverages, 50 property endorsements, and 22 …

10 02, 2021

UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England

By | February 10th, 2021|Uncategorized|Comments Off on UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England

The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be “part of the answer” to meeting a 1.7 billion pound bill for COVID-19 claims. Britain …

10 02, 2021

Texas Rail Services Firm Faces $419K Fine After Oklahoma Workers’ Deaths

By | February 10th, 2021|Uncategorized|Comments Off on Texas Rail Services Firm Faces $419K Fine After Oklahoma Workers’ Deaths

A Texas-based rail products and services company has been cited by federal workplace safety officials for violations that resulted in the deaths of two workers at a site in Hugo, Oklahoma. An investigation by the U.S. Department of Labor Occupational …

10 02, 2021

McGowan Joins Resilience from Beazley as VP, Cyber Underwriter in Chicago

By | February 10th, 2021|Uncategorized|Comments Off on McGowan Joins Resilience from Beazley as VP, Cyber Underwriter in Chicago

Resilience, which provides insurance coverage and patented cybersecurity tools to protect mid-market companies, has added Kevin McGowan as vice president in its cyber underwriting unit. McGowan joins Resilience from Beazley in Chicago where he served as co-chair of the carrier’s …