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

Texas-Based Sales and Marketing Company to Settle Disability Lawsuit for $2.65M

A Plano, Texas-based international sales and marketing company that provides food demonstrators to major American retailers and warehouse stores, will pay $2.65 million and furnish other relief to settle a federal disability discrimination lawsuit. The U.S. Equal Employment Opportunity Commission …

Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr

Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it acquired Sheltr, a San Francisco-based tech-enabled services …

ACORD Study Results: Loser Lessons

More from ACORD’s recent study, “Intelligent Growth: Intent, Decisions, Outcomes.” Of the 200 carriers, 73 were called waning carriers. These are carriers that have inferior combined ratios or return on assets and actually lost market share globally. “They may have …

How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study

Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then there are the “intelligent growers”—those that succeed at both, not only growing but also creating value. Intelligent growers— that’s the …

Confessions of a Diehard Fan of Insurance Data: Part 1

If Bill Pieroni were a Major League Baseball executive, he would be one of those sabermetric types like Oakland’s Billy Beane, heralded by the book “Moneyball.” His team’s manager would have spreadsheets on an iPad, and his team would use …

Wildfires Likely to Boost California Surplus Lines Homeowners Share; FAIR Plan Expansion Questioned

Premium volume from homeowners polices written by California’s surplus lines industry, although still small, has doubled over the past four years, seemingly pushed by an increase in wildfires in the state. Some experts believe that the surplus lines share of …

EPA Eases Safety Requirements Enacted after Texas Fertilizer Plant Explosion

Days before President Barack Obama left office in 2017, the U.S. Environmental Protection Agency finalized a rule aimed at preventing tragedies like the 2013 explosion and fire in the tiny Central Texas town of West that killed a dozen first …

Next Level Insurance Agency’s O’Connell Elected President-Elect of NAIFA-Texas

Next Level Insurance Agency CEO Danny O’Connell has been elected president-elect of the National Association of Insurance and Financial Advisors – Texas (NAIFA-TX) for 2020. He will continue to lead the organization as president in 2021. O’Connell has been on …

Indiana Hospital Reports Failure to Disinfect Surgical Tools

Nearly 1,200 surgical patients may have been exposed to hepatitis, HIV and other infectious diseases due to a sterilization failure, a northern Indiana hospital says. A Goshen Hospital sterilization technician failed to complete one crucial step in the sterilizing process …

Boeing Settles More Than 60 Wrongful Death Cases Filed After Lion Air Crash

A Boeing Co. lawyer said the aircraft maker has reached settlements in more than 60 wrongful death cases filed after a 737 Max 8 plane flown by Lion Air crashed in Indonesia last year, killing all 189 people aboard. Attorney …