4 02, 2021

National Fire Protection Association, State Farm Funding Wildfire Preparedness

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The National Fire Protection Association and State Farm have kicked off a funding awards application period for the eighth national Wildfire Community Preparedness Day on Saturday, May 1, which helps communities prepare for, and reduce, their risk of wildfire damage. …

4 02, 2021

Washington Farmers Suing Over Virus Rules for Migrant Workers

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Two farm groups are suing the state of Washington for failing to revise emergency regulations that seek to protect migrant farmworkers from the COVID-19 virus. The groups filed the lawsuit this week in Yakima County Superior Court. It seeks to …

4 02, 2021

Applied Underwriters to Acquire UK-Based Yacht Insurance MGA, Concept Special Risks

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Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in Yorkshire, UK, and founded in 1999 by Tony Usher, …

4 02, 2021

McKinsey to Pay $573 Million to States to Settle Opioid Claims

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Consulting firm McKinsey & Co. has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a …

4 02, 2021

Commercial Insurance Prices Rose 22% in Q4, but Some Lines Began to Plateau: Marsh

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Global commercial insurance prices increased 22% in the fourth quarter of 2020, according to the Global Insurance Market Index released by insurance broker Marsh. The increase, the largest since the index was launched in 2012, follows average increases of 20% …

4 02, 2021

RMS Updates Cyber Application Offerings, Targets ‘Silent’ Cyber Risks

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Catastrophe modeler RMS has made updates to its cyber offerings to target emerging cyber risks. Among the updates is the new Cyber Solutions Version 5.0 application that allows users to price and select cyber risks without large amounts of historical …

4 02, 2021

Newfront Insurance in California Adds Relation’s Chenu

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San Francisco, Calif.-based Newfront Insurance has named Jeff Chenu a principal and commercial insurance broker. Chenu is based in Sacramento, and supports a client roster across the Western U.S. He joins Newfront from Relation Insurance Services, where he spent 17 …

4 02, 2021

Bayer Strikes $2 Billion Deal to Resolve Future Roundup Cancer Claims

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Bayer AG struck a $2 billion deal to resolve a class action of future claims relating to allegations that its widely used weedkiller Roundup causes cancer, the company and lawyers for U.S. consumers said on Wednesday. Bayer has been struggling …

4 02, 2021

Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic

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The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on …

3 02, 2021

Fire Damage to Wisconsin School Buses Estimated at $525K

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Investigators believe a fire that burned six school buses at a Racine County, Wisconsin, depot was ignited by an electrical problem and was not suspicious in nature. The fire at the Thomas Bus Service lot in the Town of Burlington …