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

Work-From-Home Can Deliver Big Cyber Risks for Small Businesses

Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says. As work-life and technology continue to evolve, a growing number of …

California Manufacturer of Fire Protection Spray Sued for $5M

A $5 million lawsuit has been filed against a Los Angeles County company that sells a product it contends helps protect homes from wildfires. The Santa Barbara County district attorney and the Los Angeles city attorney sued Sunseeker Enterprises for …

ISO, Intterra, Western Fire Chiefs Partner to Better Understand Wildfire Risk

ISO and Intterra are partnering with the Western Fire Chiefs Association to explore new ways of analyzing and understanding wildfire risk. Intterra has worked with the WFCA for several years to develop the Fire Data Lab, a nonprofit organization dedicated …

Execs: Wholesalers at Center of Topa Plans After Acquisition of California Insurer

Two key executives involved in the acquisition of Topa Insurance Group by Altamont Capital Partners who spoke about the deal were emphatic about one thing: wholesalers will continue to be the center of the company’s distribution model. Altamont announced earlier …

California Leads Nation in SMB Cyber Insurance Adoption, Report Shows

California leads the nation in small to mid-size business cyber insurance adoption, according to a report released in early August by CyberPolicy. The report shows the highest annual premium in the state totaled more than $16,596, while the lowest annual …

California Workers’ Comp Committee Votes

for Drop in 2020 Pure Premium Filing The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted earlier this month to authorize the WCIRB to submit a Jan. 1, 2020, advisory pure premium rate filing to the California Insurance …

With Damage Costs Soaring, Midwest States Boost Flood Prevention

After devastating flooding this year, Iowa put $15 million into a special fund to help local governments recover and guard against future floods. Missouri allotted more money to fight rising waters, including $2 million to help buy a moveable floodwall …

In Texas, Higginbotham and Exploration Insurance Group Merge

Fort Worth, Texas-based Higginbotham and Exploration Insurance Group (EIG) have merged their operations in Tyler, Texas. EIG opened in 2013 in Tyler to meet the east Texas region’s growing need for industry specific insurance. The independent seven-person agency brokers commercial …

California’s $27.6M Fine Against Mercury Insurance Remains After Court Action

California regulators say a ruling by the state’s highest court means a $27.6 million fine imposed against Mercury Insurance Co. for improperly tacking fees onto auto insurance policies will stand. The California Department of Insurance reported on Aug. 15 that …

AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada

AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada to grow …