November 29, 2018
The House and the Senate have approved a seven-day extension of the federal flood insurance program that keeps the program from lapsing Friday. That short extension will take the program to Dec. 7, the day by which Congress must pass …
November 29, 2018
California’s top utilities regulator on Thursday ordered the embattled power utility Pacific Gas and Electric Co. to implement safety recommendations the agency’s staff outlined in an independent third-party report. The move by the California Public Utilities Commission comes as it …
November 29, 2018
California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an increase in the number of insurers that divested …
November 29, 2018
A new insurtech wants to provide pay-as-you-go workers’ compensation to as many small businesses in California as possible, and it hopes to use the momentum it’s built following a quiet launch in the East earlier this year to do just …
November 29, 2018
California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of thousands of homeowners and renters in the state. Jones …
November 29, 2018
Insurance Commissioner-Elect Glen Mulready has tapped Oklahoma native and longtime conservative adviser, Tyler Laughlin, as chief of staff and first deputy insurance commissioner. Laughlin, currently a deputy commissioner for the Oklahoma Insurance Department, will lead Mulready’s transition into the post. …
November 29, 2018
Starr Insurance Companies has formed an agreement with Safe Descents, Inc. to provide the an insurance program for rescue and evacuation for skiers and snowboarders in the United States. The policy, underwritten by Starr Indemnity & Liability Co. and sold …
November 29, 2018
A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Texas Mutual Insurance Company (Texas Mutual) in Austin, Texas. The outlook of the Long-Term …
November 29, 2018
Managing general agency and surplus lines broker J.M. Wilson has hired Aimee Henard as a commercial bond underwriter in its Carmel, Indiana, office. Henard is responsible for underwriting new and renewal commercial and fidelity bonds, as well as corresponding with …
November 29, 2018
An Arkansas Plant Board committee recommended that the state allow farmers to use the herbicide dicamba next year but extend protections to prevent the weed killer from drifting and damaging crops. The board’s pesticide committee voted Monday to allow in-crop …