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

Flood Insurance Lapse Avoided But Longer Term Extension Still Uncertain

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 …

California Regulator Requiring PG&E to Implement Safety Recommendations

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 …

Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers

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 …

Insurtech Oyster Opens up Its Pay-as-You-Go Workers’ Comp Model in California

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 …

California OKs $16.3M Rate Reduction for Earthquake Policyholders

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 …

Laughlin Named Chief of Staff for Okla. Insurance Commissioner-Elect Mulready

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. …

Starr Insurance to Offer Ski, Snowboard Rescue & Evacuation Insurance

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 …

Issuer Credit Rating of Texas Mutual Insurance Upgraded by A.M. Best

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 …

J.M. Wilson Adds Henard as Commercial Bond Underwriter in Indiana

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 …

Arkansas Plant Board Committee: Regulate Dicamba Use in 2019

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 …