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News – Insurance Journal
People Moves: Patrick to VP at Root; Omaha National Promotes Aronson, Barnes; Hildebrandt to CEO at Assurex Global
Root Inc. Root Inc., the parent company of Root Insurance, has named Christine Patrick vice president, Investor Relations. Patrick comes to Root with more than 10 years of insurance-industry experience, both in investor relations and as a sell-side-analyst. Most recently, …
POSTED MAY 12, 2021 3:26 PM |
Starr’s Greenberg Initiates Group Letter Urging Biden to Speed Global Vaccination Effort
A group of 16 international business and policy leaders today published an open letter to U.S. President Joseph R. Biden calling on him to “demonstrate decisive U.S. leadership now” to combat increasingly deadly Covid-19 outbreaks in Latin America, Europe and …
POSTED MAY 12, 2021 3:02 PM |
Workers’ Compensation Numbers Indicate Strong Performance During 2020 Pandemic
Because of job losses and shrinking payrolls during the pandemic recession, the workers’ compensation industry’s net written premium dropped 10% to $42 billion in 2020. However, private insurers posted a profitable calendar year combined ratio of 87, the industry’s fourth …
POSTED MAY 12, 2021 2:43 PM |
California Balcony Collapse Injuring 9 Prompts Rental Code Probe
The city of Malibu in Southern California it is investigating whether any rental codes were violated at a home where nine people were injured when a balcony collapsed during a crowded weekend party. The beachside property had a valid short-term …
POSTED MAY 12, 2021 2:28 PM |
California Drought Emergency Expanded to Large Swath Of State
California Gov. Gavin Newsom this week expanded a drought emergency to a large swath of the nation’s most populous state while seeking more than $6 billion in multiyear water spending as one of the warmest, driest springs on record threatens …
POSTED MAY 12, 2021 2:25 PM |
eMaxx Platform Eases Insurer Entry Into Captive Market
Commercial managing general agent eMaxx has expanded its turnkey platform for insurance companies to make it easier for them to enter the fast-growing captive market. The alternative risk specialist’s platform includes technology, product development, marketing, sales support and administration. It …
POSTED MAY 12, 2021 1:44 PM |
They’re Back! Actuarial Society, Under Pressure, Reinstates Ratemaking Rules
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them seemed like a long shot. But facing continuing pressure from actuaries representing …
POSTED MAY 12, 2021 1:15 PM |
Kaplansky Insurance Acquires Massachusetts’ John P. Riley Insurance
Kaplansky Insurance has acquired its third independent agency of 2021, John P. Riley Insurance. The purchase of the Dorchester, Massachusetts-based business marks Kaplansky’s 37th acquisition overall. John P. Riley opened his insurance agency in 1938 while also working in the …
POSTED MAY 12, 2021 1:02 PM |
Blind Teen Alleges Rhode Island Eatery Violated Her Rights
A blind Rhode Island teen and her family have filed a lawsuit with the Providence County Superior Court against a restaurant they say refused to seat them due to the presence of the teen’s service dog. Haylee Mota and her …
POSTED MAY 12, 2021 12:54 PM |
Maine Paper Mill That Was Site of Explosion Sues Inspection Firm
The owner of a paper mill in Maine that was the site of an explosion last year has filed a lawsuit against a company that was responsible for inspection and maintenance. One of the facility’s pulp digesters ruptured and fell …
POSTED MAY 12, 2021 12:49 PM |
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