Monthly Archives: <span>August 2018</span>

Workers’ Comp Insurtech Pie Insurance Raises $11 Million

Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general agent (MGA) operation, currently offers its online buying process that …

Missouri Voters Reject Attempt to Weaken Labor Unions

The steady march of new “right-to-work” laws in Republican-led states hit a wall in Missouri, where voters resoundingly rejected a measure that could have weakened union finances after national and local labor groups poured millions of dollars into the campaign …

Arkansas, Feds Want Exxon to Pay $1.8M for Oil Spill Damage

State and federal officials are asking Exxon Mobil to pay more than $1.8 million in compensation for a 2013 oil spill in Arkansas. The Arkansas Democrat-Gazette reports that the state Game and Fish Commission proposed the settlement Tuesday. The funds …

El Paso Construction Company Cited for Trenching, Excavation Safety Hazards

Federal safety officials have cited an El Paso, Texas, construction company for failing to protect its employees from trench collapse hazards. El Paso Underground Construction, a pipe-laying company, faces $190,642 penalties proposed by the U.S. Department of Labor’s Occupational Safety …

G2 Insurance Adds Digital Roadside Assistance Platform for High Net Worth Clients

G2 Insurance Services has partnered with Urgent.ly, a global, digital roadside assistance platform, to offer roadside assistance services to G2’s high net worth clients. G2’s Personal Risk Management clients will be assigned a dedicated phone number that will allow access …

Higginbotham Acquires Aviation Specialist, Colt Risk Management

Fort Worth, Texas-based Higginbotham has acquired Colt Risk Management Services (CRMS). CRMS is an independent commercial insurance broker specializing in aviation risk. The CRMS team has moved to Higginbotham’s Friendswood office, giving that location a combined staff of nearly 40 …

Starr Partners with Travel Shield on Canadian Medical Insurance Super Visa

Starr Companies will underwrite a Super Visa Insurance product sold by Travel Shield, a trade name used by Mars Empire Group Inc. The product is designed to meet the medical insurance requirements of the Canadian super visa program. The super …

Church Mutual, Church & Casualty Pilot Wildfire Loss Prevention Program in California

Church Mutual Insurance Company and Church & Casualty Insurance Agency have launched CM Wildfire Solutions, a no-cost, multifaceted program to keep customers and their property safe from the devastation of wildfires. CM Wildfire Solutions is being piloted in California with …

AIG CEO Duperreault Vows Continued ‘Sense of Urgency’ on Reaching Elusive Profitability

After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to profitability will continue to be a bumpy one. “It’s not …

$120M Settlement Reached Over 2015 Southern California Methane Gas Leak

A Southern California utility reached a nearly $120 million settlement over a massive blowout at a natural gas storage field that became the nation’s largest known release of climate-changing methane and forced thousands to flee their Los Angeles homes almost …