Business Insurance - _Risk Management
|Allianz CEO sees business recovery in 2021
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief executive said in an interview.
POSTED JULY 02, 2020 1:10 PM
|Artificial victory in class action against candymaker
Lawyers representing a class action against the makers of SweeTarts candy over ingredient claims got a sweet deal.
POSTED JULY 02, 2020 12:53 PM
|Insurtech Lemonade soars in stock market debut
Shares of insurance startup Lemonade Inc. surged 73% in their market debut on Thursday, capitalizing on the rebound in U.S. investor demand for new listings following the coronavirus outbreak.
POSTED JULY 02, 2020 12:47 PM
|Bill would require small businesses to provide PPE, COVID leave
New Hampshire lawmakers approved legislation requiring the state to provide free personal protective equipment to small employers, eliminate cost-sharing for COVID-19 testing and treatment, and extend paid time off for leaves due to coronavirus.
POSTED JULY 02, 2020 11:44 AM
|Novartis pays $729 million to settle U.S. kickback charges
Novartis AG agreed to pay more than $729 million to settle federal charges it paid illegal kickbacks to doctors and patients to boost drug sales, the U.S. Department of Justice said on Wednesday.
POSTED JULY 02, 2020 11:00 AM
News – Insurance Journal
|LP Insurance Services Acquires Meridian Insurance Services in Nevada
LP Insurance Services LLC has acquired Meridian Insurance Services in Nevada. As a result of the acquisition, Karen Wagner, former head of sales and service operations for Meridian, has been named the executive vice president of the Southwest Region of …
POSTED JULY 02, 2020 5:29 PM
|New Florida Laws Address Climate Issues, Require Sea Level Study for Construction
Republican Florida Ron DeSantis signed a slew of environmental bills in less than 24 hours that address issues ranging from sea level rise to blue-green algae blooms – and even given the state authority to use drones to fight invasive …
POSTED JULY 02, 2020 4:59 PM
|Another One Down: Austin City Limits Music Fest Canceled Amid Virus Surge
Austin City Limits has joined the ranks of major music festivals to be canceled because of the coronavirus. Festival organizers said in a statement on July 1 that scrapping the three-day October event was “the only responsible solution.” The announcement …
POSTED JULY 02, 2020 4:54 PM
|Midwest Business Leaders: Area’s Economy Improving with Reopening
Business leaders say the economy has begun to recover as businesses reopened in the past month in nine Midwest and Plains states, but it remains weaker than before the coronavirus outbreak began, according to a monthly survey released on July …
POSTED JULY 02, 2020 4:36 PM
|Texas Independent Agents Name Stoffle Account Manager of the Year
The Independent Insurance Agents of Texas (IIAT) has named Karla Stoffle of Upshaw Insurance in Amarillo as Account Manager of the Year. The Account Manager of the Year award is given annually to an account manager in Texas who exemplifies …
POSTED JULY 02, 2020 4:34 PM
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Today marks one year when my car got flooded, I got stranded, and I learned a huge lesson: I call it my floodiversary. We keep a small saltwater tank, and to keep the tank healthy, it needs regular water changes. Before the Fourth of July weekend I decided to swing by the local fish store … Continue reading My floodiversary
POSTED JULY 02, 2020 2:00 PM
|Don’t Get Burned by Mishandled Fireworks
As towns cancel fireworks celebrations because of the coronavirus pandemic, many more backyard and neighborhood fireworks displays will likely take place on July Fourth. In New York City, more than 12,500 calls were made to 911 for illegal fireworks in June alone – roughly 12 times the number of comparable calls received in the first … Continue reading Don’t Get Burned by Mishandled Fireworks
POSTED JULY 02, 2020 12:11 PM
|Understanding FEMA and other flood maps
On June 29 the First Street Foundation, a nonprofit research firm, released an analysis of flood risk which shows that nearly 6 million of the nation’s properties are at more substantial risk of flooding than indicated by the Federal Emergency Management Agency’s (FEMA) maps. FEMA replied with a statement that its maps are intended for … Continue reading Understanding FEMA and other flood maps
POSTED JULY 01, 2020 10:21 PM
|California Reports $1.2 Billion in Premium Refunds in Response to COVID-19
Insurers refunded $1.2 billion to California policyholders as of June 26, according to actuarial firm Perr & Knight. The California Department of Insurance (CDI) ordered the refunds to drivers and businesses in the state affected by the COVID-19 emergency. The companies were required to file reports outlining the details of their response to COVID-19. CDI … Continue reading California Reports $1.2 Billion in Premium Refunds in Response to COVID-19
POSTED JULY 01, 2020 7:11 PM
|Gauging Pandemic’s Impact on Insurers
While COVID-19’s impact on the insurance industry will require time to fully understand, litigation, legislation, and concerns about pricing and policy language will be with us for some time to come. “Significant” changes in policy language seen The majority of respondents to an Artemis re/insurance market survey believe the COVID-19 pandemic will result in “significant changes” to … Continue reading Gauging Pandemic’s Impact on Insurers
POSTED JUNE 30, 2020 4:36 PM
|Insurance Careers Corner: Q&A with Mary Jo Hudson, Squire Patton Boggs
Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in the insurance industry and to spread awareness on the career opportunities within the industry. This month Kris Maccini, director, social media, Triple-I, interviewed Mary Jo Hudson, Partner, Squire Patton Boggs who provided insights about her career trajectory, LGBTQ+ support in the workplace, and implications … Continue reading Insurance Careers Corner: Q&A with Mary Jo Hudson, Squire Patton Boggs
POSTED JUNE 29, 2020 12:46 PM
|The Insurance Information Institute and The Institutes Announce Plan to Affiliate
The Two Organizations to Unify Their Voices and Modernize Their Capabilities The Insurance Information Institute’s (Triple-I) Board of Directors approved plans this month to have the Triple-I enter into an affiliation with The Institutes, and The Institutes’ Board agreed to the affiliation June 24. The terms will be finalized next month. “With 60 years of … Continue reading The Insurance Information Institute and The Institutes Announce Plan to Affiliate
POSTED JUNE 26, 2020 12:43 PM
|National Insurance Awareness Day
June 28 is National Insurance Awareness Day, which means it’s a good day to evaluate your insurance coverage and assess your risk. Triple-I has put together a video to help remind you to review your policies and consider any life changes that might necessitate updating your coverage. This is also a good time to consider … Continue reading National Insurance Awareness Day
POSTED JUNE 26, 2020 12:32 PM
|Safeguard your business from wildfires: Allianz and Triple-I team up on mitigation
With business owners facing the ‘new normal’ of a seven-month wildfire season, compounded by rising temperatures, public safety power shutoffs, COVID-19 and civil unrest – wildfire preparation will be more critical than ever this year. As outlined in a new Allianz report “Future Fires: Weathering the Fire Storm”, 2019 was a catastrophic year with 46,786 … Continue reading Safeguard your business from wildfires: Allianz and Triple-I team up on mitigation
POSTED JUNE 23, 2020 3:11 PM
|Pandemic Insurance Was Available. Why Didn’t Businesses Purchase It?
By James Ballot, Senior Advisor, Strategic Communications, Triple-I Business interruption policies generally exclude losses from closures due to virus or bacteria. Yet insurance against losses due to a pandemic like COVID-19 did in fact exist well before the first case of COVID-19 was reported in the U.S. A recent Wired article, We Can Protect the … Continue reading Pandemic Insurance Was Available. Why Didn’t Businesses Purchase It?
POSTED JUNE 19, 2020 4:13 PM