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

Insurance Linked Securities in 2019: Asking the Right Questions

The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is hardly surprising, it is notable …

NCCI Proposes 5.4% Decrease in Florida Workers’ Comp Rates

Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators. Carrier results continue to be favorable in the segment thanks to many …

From Analyzing Celebrities to Reinventing Insurance

Janet Comenos is co-founder and chief executive officer of the Boston-based predictive analytics startup named Spotted that matches companies with celebrities for endorsements and advertising. Comenos and Spotted have parlayed their expertise in celebrity analytics and advertising into an insurance …

The Remaking of Disgrace Insurance

As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with celebrities for endorsements and advertising. Lately Comenos has been …

Reliance Global Completes Acquisition of Michigan’s Altruis Benefit Consulting

Reliance Global Group Inc. has completed its acquisition of Bingham Farms, Michigan-based Altruis Benefit Consulting. The acquisition follows a letter of intent between the parties as previously announced on May 8, 2019. Altruis serves customers throughout Michigan, specializing in providing …

Oregon Workers’ Compensation Costs to Drop in 2020

Oregon businesses will another drop in workers’ compensation costs in 2020. Employers in the state next year will pay an average of $1.02 per $100 of payroll for workers’ comp, down from $1.11 in 2019, under a proposal by the …

Consumer Group Wants AG to Probe California Insurance Regulator Over 2nd Home

Consumer Watchdog is calling on California Attorney General Xavier Becerra and the district attorneys for Sacramento, Los Angeles and San Francisco counties to launch an investigation over the potential theft of public funds. The call follows a report in Politico …

Reliance Global Completes Transfer of Southwestern Montana Insurance

Reliance Global Group Inc. has transferred into RELI both Southwestern Montana Insurance, as well as Fortman Insurance Agency LLC in Ohio. As previously announced in April and May, Southwestern Montana Insurance and Fortman Insurance Agency, had been acquired by the …

New Ironshore Environmental App Offers Real-Time Incident Alerts, Reporting

Ironshore Environmental introduced IronResponse, a smartphone app that allows risk managers real-time access to claims professionals upon immediate notice of an environmental incident. IronResponse simplifies the reporting of an environmental event and offers additional value-added services and resources to assist …

Service American Names Risk Transfer Insurance Agency as New Program Partner

Austin, Texas-based Service American Indemnity Co. (SAIC), national provider of program services, has added Risk Transfer Insurance Agency as the newest partner to support its continued national growth in workers’ compensation. Risk Transfer Insurance Agency (RTIA) is a full-service commercial …