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

Berkley Program Specialists Partners with Ohio’s IEPM

Berkley Program Specialists, a Berkley Company dedicated exclusively to program business, has entered into a partnership with Beachwood, Ohio-based International Excess Program Managers (IEPM), a division of One80 Intermediaries. IEPM has provided access to a full range of insurance products …

Marsh JLT Specialty Expands Renewable Energy Team in UK, U.S., and Asia

Insurance broker Marsh announced key leadership appointments within Marsh JLT Specialty’s Renewable Energy team. Oliver Holme has joined Marsh in the newly created role of UK and U.S. Offshore Wind leader, reporting to Hamish Roberts, Power leader, and Amy Barnes, …

Texas AG Accuses Largest Egg Producer in US of Price Gouging

Texas’ attorney general has accused the nation’s largest egg producer of price gouging during the coronavirus pandemic. A lawsuit filed by Republican Attorney General Ken Paxton alleges that Cal-Maine Foods raised generic eggs price by 300% even though the pandemic …

Texas High Court Allows Prompt Payment Claim Against State Farm Lloyds

Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas Prompt Payment of Claims Act (TPPCA). In …

Pilot Sues Colorado Hotel Over Dismissed Exposure Charge

A United Airlines pilot whose charge of indecent exposure was dismissed sued the Denver, Colo. airport hotel where his arrest occurred. An attorney for Andrew Collins filed the lawsuit against The Westin Denver International Airport in U.S. District Court Monday, …

The Doctors Co. in California Names Spadacenta Claims Executive

The Doctors Co., based in Napa, Calif., has named Marco Spadacenta senior vice president of claims. Spadacenta oversees the claims function nationally of the admitted medical professional liability unit, reporting to Robert White, executive vice president of the unit. Spadacenta …

Maryland Insurance Administration Announces Apprenticeship Program

The Maryland Insurance Administration is participating in an apprenticeship program designed to attract talent to the insurance industry. The program is led by Invest, which is affiliated with the Independent Insurance Agents and Brokers of America (The Big I) and …

Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions

Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he battles for the …

Massachusetts’ SecureRisk Insurance Agency Joins Satellite Agency Network Group

SecureRisk Insurance Agency has recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. The Burlington, Mass., agency will specialize in small business and offer personal insurance such as home, auto, flood, business, …

Most Firms Neglected Pandemics in Annual Risk Assessments: Study

The risk of a pandemic was known prior to the current health crisis, yet in disclosing their risk factors to shareholders in 2018, public companies showed little foresight in terms of the impact and likelihood of a pandemic, according to …