7 02, 2021

Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

By | February 7th, 2021|Uncategorized|Comments Off on Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology Partners, a special purpose acquisition company that …

5 02, 2021

The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims

By | February 5th, 2021|Uncategorized|Comments Off on The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims

Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2% from fourth quarter 2019. Fourth quarter earnings of $636 million, rose …

5 02, 2021

Study: 40 Out of 120 Texas Workers’ Comp Insurers Are ‘High Performers’

By | February 5th, 2021|Uncategorized|Comments Off on Study: 40 Out of 120 Texas Workers’ Comp Insurers Are ‘High Performers’

Forty workers’ compensation insurance carriers out of 120 assessed in Texas scored high enough to be placed in the “high performer” tier in a study recently released by state workers’ comp regulators. The Texas Department of Insurance, Division of Workers’ …

5 02, 2021

Texas Approves Redpoint/Tesla Auto Insurance Policy Form

By | February 5th, 2021|Uncategorized|Comments Off on Texas Approves Redpoint/Tesla Auto Insurance Policy Form

It looks like Tesla has gone all-in on Texas. Not only is the electric car company moving some manufacturing operations to Austin, its founder, Elon Musk, is said to be relocating there, and it will soon be offering its own …

5 02, 2021

Nearly $14M Settlement Reached in Crash that Killed Kentucky Officer

By | February 5th, 2021|Uncategorized|Comments Off on Nearly $14M Settlement Reached in Crash that Killed Kentucky Officer

A nearly $14 million settlement has been reached in a lawsuit over a 2018 crash that killed a Kentucky police officer. The money will go to the son of Louisville Metro Police Detective Deidre “Dee Dee” Mengedoht, who died on …

5 02, 2021

Selective’s College Competition Appoints Students To Run Virtual Insurance Agencies

By | February 5th, 2021|Uncategorized|Comments Off on Selective’s College Competition Appoints Students To Run Virtual Insurance Agencies

Selective’s College Competition kicks off this week across eight colleges throughout the country and will run through February. The annual contest provides the opportunity for teams of students to gain insurance career-building experience and networking opportunities with the guidance and …

5 02, 2021

Three Injured in Gas Line Explosion in Northern Virginia

By | February 5th, 2021|Uncategorized|Comments Off on Three Injured in Gas Line Explosion in Northern Virginia

Three people were injured in a gas line explosion on Wednesday which also set three vehicles on fire and caused damage to a house in a northern Virginia city. News outlets report Fairfax County Fire and Rescue said on its …

5 02, 2021

A.I.M. Mutual Expands Coverage Territory to Rhode Island

By | February 5th, 2021|Uncategorized|Comments Off on A.I.M. Mutual Expands Coverage Territory to Rhode Island

A.I.M. Mutual has expanded its coverage territory to Rhode Island. The company, a monoline workers’ compensation carrier based in Massachusetts, was licensed in the Ocean State effective February 1. With the addition of Rhode Island, A.I.M. Mutual now provides workers’ …

5 02, 2021

Russian Mining Giant Nornickel Fined $2 Billion for Huge Arctic Fuel Spill

By | February 5th, 2021|Uncategorized|Comments Off on Russian Mining Giant Nornickel Fined $2 Billion for Huge Arctic Fuel Spill

MOSCOW – Russian mining giant Norilsk Nickel was fined $2 billion on Friday for the damage caused by a huge fuel spill last year in the country’s worst environmental disaster in the Arctic. The leakage in May of 21,000 tonnes …

5 02, 2021

Last Chance for 2021’s Agency Salary Survey

By | February 5th, 2021|Uncategorized|Comments Off on Last Chance for 2021’s Agency Salary Survey

The deadline to participate in the 2021 Agency Salary Survey is today. Would you like to know where agency salaries and total compensation ranks today? Find out by completing this year’s survey. Survey respondents will receive a complimentary copy of …