Monthly Archives: <span>April 2020</span>

TDI Modernization Efforts Paying Off During Pandemic, Commissioner Says

The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on by …

New E-Book, Online Guide Aims to Help Insurance Agencies Deal with Disruptions

A new e-book and online resource guide created by a trio of insurance agency executives, including Tony Caldwell, CEO of the Oklahoma-based agency network One Agents Alliance, aims to provide independent insurance agents across the country with steps and actions …

Businesses Fear Lawsuits from Sick Employees, Patrons After Reopening

Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are eager to get back to work as the outbreak shows signs …

White House Moves to Weaken EPA Rule on Toxic PFA Compounds in Consumer Products

The Trump White House has intervened to weaken one of the few public health protections pursued by its own administration, a rule to limit the use of a toxic industrial compound in consumer products, according to communications between the White …

South Carolina Insurance Dept. Makes Staff Changes, Names New Deputy Directors

The South Carolina Department of Insurance will be implementing a variety of organizational changes that will become effective May 1, 2020. These changes include: Joe Cregan has been named chief deputy of Insurance Operations. In this role, Cregan will directly …

Cowbell Cyber Adds Social Engineering Coverage, Opens Platform to Non-Insureds

Cowbell Cyber, a startup insurtech using artificial intelligence (AI)-powered cyber insurance for small to mid-sized businesses (SMBs), has added social engineering coverage to its Cowbell Prime 100 cyber insurance product. The update mitigates financial losses from phishing or fraudulent emails. …

California Supreme Court Ruling Will Enable Montrose to Tap Excess Policies

A decision earlier this month by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked. The decision was handed down on April 6 in …

4 Ways COVID-19 Will Change Cannabis and Insurance

One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a dispensary, …

Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order

The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders affected by COVID-19. The memo is in response to Chief Financial …

Texas Surplus Lines Premium Increases in Q1 2020

Premium recorded for the first quarter of 2020 for excess and surplus lines of insurance in Texas is up 14.5% compared with the same period last year, according to the Surplus Lines Stamping Office of Texas (SLTX). Additionally, the Q1 …