March 7, 2021

Sat, 06 Mar 2021 01:26:15 +0000
Damage costs and economic losses from the intense winter storm that hit the country in mid-February may rise to as much as $130 billion in Texas alone, according to AccuWeather. That figure is up from the $50 billion to $60 …
Sat, 06 Mar 2021 00:49:56 +0000
Attorney General Jeff Landry has said he’s backing a $100 million settlement between a dozen coastal parishes and mining corporation Freeport McMoRan to end a lawsuit over damage to Louisiana’s coastal wetlands, in what could become a landmark agreemen...
Fri, 05 Mar 2021 17:57:43 +0000
Frustrations are mounting in Mississippi’s largest city, more than two weeks since winter storms and freezing weather ravaged the city’s water system – knocking out water for drinking and making it impossible for many to even flush their toilets. For …
Fri, 05 Mar 2021 17:33:00 +0000
This year is shaping up to be drier than normal throughout the Missouri River basin, and the risk of flooding is generally below normal throughout the region because conditions remain dry and snowpack levels are below average. The U.S. Army …
Fri, 05 Mar 2021 17:30:58 +0000
Texas’ power grid manager was fired on March 3 amid growing calls for his ouster following February’s deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures. Bill Magness, CEO of the Electric Rel...
Fri, 05 Mar 2021 16:32:13 +0000
Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s financial services chief said on …
Fri, 05 Mar 2021 16:10:09 +0000
Maya Gumennik, a former EverQuote and Tripadvisor executive, has joined digital personal lines insurance broker Policygenius as the company’s head of Marketing. Gumennik will oversee the company’s marketing strategy and manage the marketing team. Gumen...
Fri, 05 Mar 2021 16:04:55 +0000
CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada. Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat identification, mitigation and respon...
Fri, 05 Mar 2021 15:25:13 +0000
Specialist Risk Group (SRG), a London-based insurance broker, has agreed to acquire CLS Risk Solutions (CLS RS), subject to regulatory approval. Financial details of the acquisition — its fourth so far this year — were not disclosed. Established in 201...
Fri, 05 Mar 2021 15:20:18 +0000
America’s infrastructure has scored near-failing grades for its deteriorating roads, public transit and storm water systems due to years of inaction from the federal government, the American Society of Civil Engineers reports. Its overall grade: a medi...
Fri, 05 Mar 2021 14:39:05 +0000
U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewal...
Fri, 05 Mar 2021 13:27:42 +0000
Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Incentive Systems Inc. (ISI). Terms of the transaction were not disclosed. Located in Lansdale, Pennsylvania, ISI provides employee benefit solutions, h...
Fri, 05 Mar 2021 13:26:02 +0000
A woman was critically injured when a tree knocked down by powerful gusts fell on the vehicle, driving a tree limb through the windshield and dashboard and impaling her, officials said. Theresa Roy, 79, was critically injured Tuesday in Sidney, …
Fri, 05 Mar 2021 13:22:20 +0000
World Insurance Associates LLC (WIA) has acquired C. Walter Searle Insurance Agency LLC of Nutley, New Jersey, on February 1, 2021. Terms of the transaction were not disclosed. Since its founding in 1926, C. Walter Searle has been serving the …
Fri, 05 Mar 2021 12:38:48 +0000
PARIS – Environmental groups and indigenous activists from the Amazon region filed a lawsuit Wednesday in a French court alleging that France-based supermarket chain Groupe Casino is violating human rights and environment rules by selling beef linked...
Fri, 05 Mar 2021 12:37:52 +0000
The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens Amwins’ specialty capabilities a...
Fri, 05 Mar 2021 12:20:36 +0000
Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its plans once …
Fri, 05 Mar 2021 12:03:43 +0000
The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banne...
Fri, 05 Mar 2021 11:05:02 +0000
The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal by Bond & …
Fri, 05 Mar 2021 07:30:47 +0000
Racial bias is “deeply entrenched” within a North Carolina police department where officers feel comfortable making blatantly racist comments, according to findings of a study released last month. The report on the Apex Police Department by Raleigh-bas...
Fri, 05 Mar 2021 07:24:40 +0000
As the first insurer rating agency to review and rate independent, regional and specialty insurers, we have a unique understanding of niche markets and serve as a trusted resource to third parties seeking to utilize regional and specialty companies. The …
Fri, 05 Mar 2021 06:57:41 +0000
A federal judge has ordered Exxon Mobil to pay a $14.25 million civil penalty in an 11-year-old lawsuit alleging it violated the Clean Air Act for eight years at its flagship Baytown, Texas, refinery. In setting the penalty, which would …
Fri, 05 Mar 2021 06:16:46 +0000
A Lima, Ohio-based food production facility has been hit with citations and $136,532 in proposed penalties after worker suffers partial arm amputation. The U.S. Department of Labor’s Occupational Safety and Health Administration said a 39-year-old prod...
Fri, 05 Mar 2021 06:15:58 +0000
The majority of National Flood Insurance Program claims in Louisiana stemming from Hurricane Laura, which hit the state in August 2020, have been closed. FEMA says the NFIP has closed 87% of the 1,227 claims submitted and paid more than …
Fri, 05 Mar 2021 06:11:29 +0000
Fort Worth, Texas-based independent insurance and financial services firm, Higginbotham, has partnered with Mike Knotts, an insurance agency owner and broker in Bossier City, Louisiana, to establish its first brick-and-mortar in the state. Knotts, who ...
Fri, 05 Mar 2021 06:01:46 +0000
Patriot Growth Insurance Services LLC (Patriot) has added Strategic Benefits of Cincinnati (SBC) to the Patriot platform. SBC is a full-service employee benefits insurance agency based in Loveland, Ohio. Led by Partners Jennifer Homer and David Short, ...
Fri, 05 Mar 2021 06:00:57 +0000
A lawsuit alleges an Oregon Health & Science University doctor known for dancing in his scrubs on social media sexually harassed a coworker at Portland’s Veterans Affairs Medical Center. The Oregonian reported the suit, filed last weekend in Portland, ...
Fri, 05 Mar 2021 06:00:31 +0000
Cal/OSHA has cited multiple employers for not protecting workers from COVID-19 following inspections in various industries throughout the state. Violations were identified in industries including construction, garment, correctional institutions and med...
Fri, 05 Mar 2021 06:00:26 +0000
Insurance agency managers may need to reassess the future of the five-day-a-week office after the pandemic is over as nearly two-thirds of agency employees would like a mix of at-home and office going forward. That’s according to a report, Insurance …
Fri, 05 Mar 2021 06:00:09 +0000
The federal government has bought additional reinsurance to cover losses of the National Flood Insurance Program. On Feb. 23, the Federal Emergency Management Agency (FEMA), which administers the flood insurance program, entered into the agency’s fourt...

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