Daily Archives: <span>February 6, 2018</span>

Digital Commercial Insurance Broker Platform Indio Raises $6 Million

Indio Technologies, a digitized commercial insurance platform for agents and brokers, said it has raised $6 million in Series A financing, led by 8VC, to expand the capabilities of Indio’s digital platform and increase market share. Additional investors in the …

Munich Re to Offer Drone Services to Clients Through Partnership with Betterview

Betterview, a drone-based inspection company specializing in risk and damage assessments, has formed an agreement with Munich Reinsurance America, Inc. (Munich Re) to offer drone imagery, analysis and reporting to Munich Re’s insurance company clients. As part of the agreement, …

Louisiana Work-Related Fatalities Decreased in 2016

The number of work-related fatalities in Louisiana decreased in 2016, despite an uptick in work-related deaths nationally that year, according to the Louisiana Workforce Commission. Citing the latest Bureau of Labor Statistics (BLS) Census of Fatal Occupational Injuries, the LWC …

2 Dead After more than 100 Vehicles Crash on Icy Missouri Roads

Authorities say at least two people have died in a series of crashes involving more than 100 vehicles on snowy and icy Missouri highways. The Kansas City Star says the series of wrecks began around 2 p.m. Sunday, with the …

Ohio Insurance Regulators Help Secure an Extra $30.4M for Consumers

The Ohio Department of Insurance helped more than 436,000 Ohio insurance consumers save or recover $30.4 million in 2017 through its toll-free hotlines, community outreach and counseling, according to Director Jillian Froment. The department received 5,874 complaints from consumers related …

Texas A&M Study: Better Science, Urban Planning Needed in Coastal Cities

The field of urban planning is gaining interest as cities around the world, including Houston, are facing increased exposure to weather-related risks and hazards ranging from sea level rise and flooding to temperature build-up and urban heat island effect. Philip …

Missouri’s Safety National Casualty Announces Management Changes

St. Louis, Missouri-based Safety National Casualty Corp. is implementing changes to its executive and upper management structure that will become effective on April 1, 2018. Gene Maier, executive vice president and chief underwriting officer, is retiring after a successful 33-year …

Mercury General in California Posts 4Q Profit, Rise in Premiums Written

Mercury General Corp. has reported fourth-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier. The Los Angeles-based company said it had net income of 36 cents per share. Earnings, adjusted for investment …

Hub Acquires Assets of Der Manouel in California

Hub International Ltd. has acquired the assets of Fresno, Calif.-based Der Manouel Insurance & Financial Services Inc. Terms of the deal were not disclosed. DMIG’s leadership team and staff will join Hub California. Michael Der Manouel, Jr., president and CEO …

India Flags Low Health Insurance Penetration as Damper to Growth

India’s push toward universal health care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan last week to provide health insurance to 100 million poor families, which would cover about 40 …