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Berkshire Hathaway Guard Professional Liability Products Expanded Into New States
News – Insurance Journal Sep 24, 2020 | 02:54 amBerkshire Hathaway GUARD Insurance Companies has furthered expanded the company’s professional liability products, which include coverage for lawyers, architects and engineers, accountants, as well as nearly 100 other classes of business. Most recently, the company has added professional liability coverage[…]
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Beecher Carlson Taps James as Director of Diversity & Inclusion
News – Insurance Journal Sep 24, 2020 | 02:43 amBeecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Raven James to director of Diversity & Inclusion. In this newly created role, James will lead the Diversity & Inclusion (D&I) council in setting D&I strategies for[…]
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What Distinguishes This Market? Here’s Lockton Re Leaders’ Insights
News – Insurance Journal Sep 24, 2020 | 02:18 amLockton Re’s Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. Like many in the reinsurance business, they agree no two hard markets are exactly the same. For the two men personally,[…]
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Businesses Face Fewer Cyber Events, But the Attacks Are More Costly
News – Insurance Journal Sep 24, 2020 | 02:01 amThe stakes are higher than ever for businesses when it comes to cyber risk, especially with the added complexity of COVID-19 thrown into the mix. Yet, even before the global pandemic struck, companies had been taking more action than ever[…]
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Texas Staffing Firm Sued for Disability Discrimination
News – Insurance Journal Sep 24, 2020 | 01:40 amFederal officials have sued a Houston-based staffing firm over allegations of workplace disability discrimination. Swift Technical Services LLC, doing business as Airswift, a Houston-based staffing firm focused on the oil and gas industry, violated federal law when it refused to[…]
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Crest Insurance in Arizona Names Hankal Commercial Lines Manager
News – Insurance Journal Sep 24, 2020 | 01:00 amCrest Insurance Group LLC of Scottsdale, Ariz. has promoted Lisa Hankal to commercial lines manager. Hankal will be overseeing employees within the commercial lines department from all seven branches including Tucson, Scottsdale, Sierra Vista, Flagstaff, San Diego, Denver and Ft.[…]
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Oregon Issues Insurance Emergency Order for Wildfire Victims
News – Insurance Journal Sep 23, 2020 | 18:52 pmThe Oregon Department of Consumer and Business Services’ Division of Financial Regulation has issued an insurance emergency order for people affected by the state’s wildfires. Insurance companies must immediately take steps to do the following until the order is no[…]
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Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap
News – Insurance Journal Sep 23, 2020 | 14:00 pmThe Bank of England has encouraged the government to work with U.K. insurers in preparation for future major shocks, rather than leave swathes of the economy exposed to catastrophic losses. The danger of a “protection gap” is emerging as firms[…]
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Coast Guard Expert Testifies Heavy Loads Left Cargo Ship Unstable
News – Insurance Journal Sep 23, 2020 | 12:59 pmA U.S. Coast Guard analysis found that a cargo ship overturned after departing a Georgia seaport because of unstable loading that left its center of gravity too high, making the vessel susceptible to rolling over, an expert told officials investigating[…]
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Florida Peninsula Promotes Austin to Director of Special Investigations
News – Insurance Journal Sep 23, 2020 | 12:46 pmThe board of Florida Peninsula Insurance Co., a top 10 homeowners insurance company in Florida, has promoted Virginia Austin to director of Special Investigations. Austin, who began her career with Florida Peninsula as a claims examiner, has managed the company’s[…]
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Purdue Report: 21 Work-Related Deaths on Indiana Farms in 2019
News – Insurance Journal Sep 23, 2020 | 12:44 pmIndiana had 21 work-related deaths on farms deaths last year, the fewest number of documented cases since 2013, Purdue University announced on Sept. 22. Three of the victims were children under the age of 5, while 11 were 60 or[…]
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2 Injured by Minneapolis Police Projectiles During Unrest Suing City
News – Insurance Journal Sep 23, 2020 | 12:37 pmTwo men injured by police during violence that followed the death of George Floyd in Minneapolis are suing the city, its police chief and unnamed officers. Soren Stevenson, 25, lost his left eye after he was shot by police with[…]
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Michigan Man Faces Felony Charges Over Alleged Fake Auto Insurance Certificates
News – Insurance Journal Sep 23, 2020 | 12:35 pmA formerly licensed insurance agent in Flint, Michigan, faces multiple felony charges for allegedly selling fraudulent automobile insurance certificates. The Michigan Department of Financial Services (DIFS) said 24-year old Dillen Leonard has been charged with four counts of selling counterfeit[…]
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Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership
News – Insurance Journal Sep 23, 2020 | 12:28 pmProperty/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move comes after Hippo’s acquisition of Spinnaker Insurance Co., a national insurer licensed in[…]
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CAC Specialty in Colorado Adds Movafaghi to its Tax Insurance Practice
News – Insurance Journal Sep 23, 2020 | 12:05 pmDenver, Colo.-based CAC Specialty has named Matt Movafaghi a senior vice president in its tax insurance practice. Movafaghi was most recently a senior tax counsel for Chevron Corp., where he was responsible for implementing tax planning strategies and advising management[…]
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Few Resources, Old-Growth Forest Allowed Growth of California Wildfire
News – Insurance Journal Sep 23, 2020 | 10:44 amA lack of firefighting resources in the hours after it was sparked allowed a fast-moving wildfire to make an unprecedented run through Southern California mountains and eventually find fuel in old-growth trees to become one of Los Angeles County’s largest[…]
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For Carnival Cruise Lines, 1920 ‘Death on the High Seas Act’ Curbs Coronavirus Damages
News – Insurance Journal Sep 23, 2020 | 10:35 amCarnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles federal judge is followed by others, it[…]
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Juul’s Defense of Marketing E-Cigarettes to Youth Targets Use of Organized Crime Law
News – Insurance Journal Sep 23, 2020 | 10:28 amJuul Labs Inc. has the Mafia to thank for the most potent legal claims accusing the e-cigarette maker of igniting an epidemic of youth nicotine addiction. The company will try to persuade a federal judge Monday that consumers and school[…]
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Justice Department Set to Unveil Plan to Limit Internet Firms’ Liability Protections
News – Insurance Journal Sep 23, 2020 | 09:43 amThe U.S. Justice Department will unveil later on Wednesday a proposal that seeks to limit legal protections for internet platforms on managing content, a person briefed on the matter confirmed. The proposal, which takes aim at Facebook Inc., Twitter Inc.[…]
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House Votes to Extend Flood Insurance Program 1 Year; Senate Yet to Vote
News – Insurance Journal Sep 23, 2020 | 08:39 amThe House of Representatives yesterday extended the National Flood Insurance Program until Sept. 30, 2021 as part of a measure to fund the federal government through December 11. The flood insurance program is currently set to expire in a week[…]
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