North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic. The company announced the “Here for You Promise” 20% dividend was approved by its …
Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the world’s biggest pork processor, recently announced it …
A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The lawsuits, which are class …
Alera Group has acquired Barkley Risk Management & Insurance in California. The Barkley team will continue serving clients in their existing roles. Terms of the deal were not disclosed. Barkley serves clients throughout California and the surrounding region, providing safety …
Champion Fiberglass Inc. (Champion), a Houston-area manufacturing company, has settled a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) accusing the company of discriminatory hiring practices. The EEOC said under a consent decree entered by U.S. District Judge …
Suspected tornadoes killed at least two people as severe weather blasted a wide area across the Deep South, officials said. Jerry Oliver Williams, 61, of Henry County died when the storm struck a rural area about 11:30 p.m. Sunday, Coroner …
Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results for the year. The coronavirus pandemic has …
The Surplus Lines Stamping Office of Texas (SLTX) reports that a revised complaint notice for surplus lines insurance policies has been adopted by the Texas Department of Insurance (TDI). The revised notice must be implemented no later than May 1, …
Valley Insurance Agency Alliance (VIAA), an insurance agency network organization with more than 130 independent insurance agency members in Missouri and Illinois, has created the Insuring Rural Communities Scholarship Initiative to enhance the sustainability of rural community residents through post-secondary …
TWFG Insurance Services LLC (TWFG) has acquired the personal and commercial insurance business of The Woodlands, Texas-based Panoptic Insurance. The acquisition is effective April 17, 2020. Panoptic Insurance,founded in 2008 by Arden Hetland, is a national independent insurance agency that …
