Monthly Archives: <span>April 2019</span>

Nationwide Expands Small Business Insurance Direct Platform

Nationwide said it has expanded 24-hour access to more types of small business for its Commercial Digital Direct online commercial insurance platform. Now, 30 different business types can access the platform. Businessowners can typically get a quote in less than …

Synergy Professional Associates Expands Lawyers PL Program to 3 New States

Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New Jersey. The new facilities target small law firms from one …

Florida’s Citizens Says $200M in Reinsurance Needed to Protect Personal Lines Surplus

Citizens Property Insurance Corp. plans to purchase approximately $200 million in traditional reinsurance coverage for the 2019 hurricane season to protect its Personal Lines Account (PLA) surplus it says is exposed to storm risk in areas located away from the …

California’s Governor Proposes Wildfire Fund, Seeks PG&E Fix

California Gov. Gavin Newsom gave legislators just three months to address a multibillion-dollar wildfire liability problem that has forced the state’s largest power company, PG&E Corp., into bankruptcy and threatens the same fate for its other utilities. The governor issued …

Listeria Concerns Prompt Recall of 3.3K Pounds of Foods from Texas Company

A Texas company has recalled more than 3,300 pounds (1496.87 kilograms) of ready-to-eat meat, poultry and salad products amid concerns about possible listeria contamination. The U.S. Department of Agriculture on Tuesday announced the recall by Great American Marketing Inc. of …

Bond Requirement Keeps South Dakota Race Tracks Closed This Year

There will be no horse racing this year at South Dakota tracks for the first time in decades. Aberdeen American News reports that Northeast Area Horse Racing announced Tuesday that the Aberdeen track will not host races in 2019. The …

‘Bomb Cyclone’ Adds to Weather Woes in Central US

A storm system known as a “bomb cyclone” slowly churned through the U.S. interior Thursday for the second time in a month, unleashing a blizzard that struck the Upper Midwest and creating hazardous fire conditions farther south. The storm knocked …

Bill to Shield Farmers from Nuisance Suits Advances in Nebraska

A bill that would expand protections for Nebraska farmers against public nuisance lawsuits has advanced in the Legislature despite objections that it could infringe on neighbors’ property rights. Lawmakers gave the measure first-round approval Wednesday with a 31-7 vote. Sen. …

AM Best Upgrades Issuer Credit Rating of Louisiana Workers’ Comp Insurer Stonetrust

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Stonetrust Commercial Insurance Co. (Stonetrust), headquartered in Baton Rouge, Louisiana. The ratings outlook remains stable. …

Texas Releases New Guidelines for Insurer Catastrophe Data Collection, Reporting

Applying lessons learned after Hurricane Harvey, the Texas Department of Insurance has upgraded its procedures for collecting and reporting data following a disaster. TDI recently released its new catastrophe data collection guidelines, which the department says will improve the data …