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

Smart Choiceยฎ Grows to 8,000 Agency Partners

High Point, NC, May 27, 2020 โ€“ Smart Choiceยฎ, remains the nation’s fastest growing independent agency network, after partnering with over 350 new agencies in the first quarter of 2020, and reaching a milestone of 8,000 agency partners this week. …

Openly, Premium Home Insurance Company, Rapidly Expanding into New States

Boston, MA, MAY 27, 2020โ€” Openly Insurance, a tech-forward company that specializes in premium homeowners insurance and is backed by powerhouse investors such as Gradient Ventures, Google’s AI investment fund, is growing quickly and entering more states across the US. …

Florida CFO to Focus On Pandemic Business Liability Protections in 2021 Session

Florida CFO Jimmy Patronis said he will pursue legislation that establishes liability protections for businesses in the next legislative session slated to start in March 2021. The Florida Department of Financial Services said in a statement that Patronis is currently …

Retail Subsidiaries of BB&T Rebrand as McGriff, Maintain North Carolina Headquarters

McGriff Insurance Services, Inc., and McGriff, Seibels & Williams, Inc., the retail insurance subsidiaries of BB&T Insurance Holdings, have rebranded their businesses to McGriff. The company said in a statement the rebranding is designed to simplify the firm’s overall identity …

SEC Pursues Coronavirus Fraudsters With Help From Whistleblowers

The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid. The …

P/C Insurance Underwriting Profits Up 21% for Q1: AM Best Analysis

Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate underwriting profits for first-quarter 2020 were more than 21 percent higher than first-quarter 2019, AM Best reported. The first-quarter underwriting …

Property Damage – Is It Because the Government Says It Is?

Property Damage: Is it “Property Damage” Just Because a Jurisdictional Order Uses the Term “Property Damage”? Some plaintiff attorneys are almost giddy over the fact that several jurisdictions used the term “property damage” in their respective emergency declarations to justify …

Lockton Affinity to Offer Coverage for Architects, Engineers through GenStar

Lockton Affinity has expanded its insurance coverage offerings to include customized policies for architecture, civil engineering, construction management, design build, electrical engineering, HVAC engineering, interior design, landscape architecture, mechanical engineering and surveying professionals. These professionals will have access to professional …

Times Square to Go Dark to Shine Light on Fight Over Business Interruption Insurance

The digital billboards in New York City’s famous Times Square will go dark tonight at 9 pm ET for one minute to dramatize the plight of restaurants, non-profits and retailers across the country that are suffering business losses due to …

Oregon’s New Insurance Emergency Orders Released for COVID-19

The Oregon Department of Consumer and Business Services has issued emergency orders related to COVID-19 for insurance companies providing property/casualty, long-term care, and life and disability insurance. The orders require insurance companies providing these policies to do the following: Provide …