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

Western Security Surplus Acquires Houston Surplus Lines

Western Security Surplus (WSS), part of the XPT Group, has acquired Texas-based Houston Surplus Lines (HSL). HSL is an excess and surplus lines general agency founded in 1994 and is currently managed by Barbara Partlow and Carol Gardner. HSL has …

Ohio’s Encova Insurance Begins Virtual Internship Program

Columbus, Ohio-based Encova Insurance is moving forward with its summer internship program in Columbus, Ohio, and Charleston, West Virginia, with virtual training and onboarding of 22 interns. Currently, about 90% of Encova’s associates are working from home. At least to …

U.S. Businesses, Patients Sue China Seeking Damages From Coronavirus Outbreak

Before the coronavirus outbreak, Saundra Andringa-Meuer was a healthy 61-year-old mother of six who never smoked or drank alcohol. Then she became seriously ill with the disease after traveling from her Wisconsin home to help her son move from college …

For Global Insurers, Pandemic Likely to Erase Profits Until 2021 Second Half: Fitch

While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won’t be seen until the second half of 2021 as a result of the effects of …

Venbrook in California Names Orlando Chief Financial Officer

Los Angeles, Calif.-based Venbrook Group LLC has named Joseph Orlando chief financial officer. Orlando will assume operational leadership for all of the company’s financial functions including accounting, corporate finance, audit, and treasury. Prior to Venbrook Group, his 25 year career …

California Governor Warns Three Counties Could Lose Disaster Aid

California Gov. Gavin Newsom is warning three counties that they could lose disaster funding if they continue to defy his stay-at-home order. Officials in Yuba, Sutter and Modoc counties have all allowed businesses to reopen because they have fewer coronavirus …

New Mexico Man Sues After Being Injured in Chase, Crash

A man has sued a New Mexico State Police officer who crashed into his vehicle in January 2019 while chasing a truck near Espanola. Rudy Vialpando, 62, said he suffered spinal fractures and injuries to his ribs and right knee …

New Mexico Forest Official Cites Rising Risk of Human-Caused Wildfires

The top administrator of a national forest in northern New Mexico says there’s an elevated risk of human-caused wildfires due to drying conditions and negligence by some forest visitors. Carson National Forest Supervisor James Duran said there’s a high fire …

National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator

National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its own. Countries have introduced lockdowns to fight the coronavirus …

Hub Northeast Acquires Assets of New York’s The B&G Group

Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not disclosed. Located in Plainview, N.Y., The B&G Group provides commercial …