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

Prime Property & Casualty Insurance Inc. Provides Partnership Approach to the Commonwealth of Massachusetts Commercial Auto Market

Chicago, IL, June 24, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) has announced its debut into the Commonwealth of Massachusetts commercial auto market as an admitted carrier specializing in insurance solutions for distressed and substandard risks. With PPCI, …

Minor League Baseball Teams Sue Insurers for Coronavirus Business Income Losses

Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of “much or all” of the league’s season as a result of the coronavirus pandemic, according to …

Rival Wholesale Brokers Ryan Specialty Group and All Risks Agree to Merge

Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach, Florida, which has close to $2.6 billion …

Berkley One Launches Recreational Marine Product, Enhances Other Offerings

Berkley One has launched a recreational marine product and made other product enhancements in five states. Recreational Marine insurance, already offered by Berkley, has been relaunched through Berkley One with new technology and coverage innovations. According Kathy Tierney, president of …

California Workers’ Comp Classification Inspection Report Expanded for Agents

The Workers’ Compensation Insurance Rating Bureau of California is expanding its Special Inspection Report program to allow agents and brokers to request a WCIRB physical inspection of their clients’ California business operations. The new service, which goes into effect July …

Oregon Extends Emergency Orders for Most Common Insurance Policies

The Oregon Department of Consumer and Business Services’ Division of Financial Regulation extended its emergency orders for property/casualty, long-term care, and life and disability insurance. The orders mean that the most common insurance policies, such as auto, home, term and …

Court Rejects J&J Bid to Toss Baby Powder Verdict But Cuts Damages to $2.1B

A Missouri appeals court on Tuesday rejected Johnson & Johnson’s bid to throw out a jury verdict in favor of women who blamed their ovarian cancer on its baby powder and other talc products, but reduced its damages award to …

BenefitMall in Texas Partners with Benefits and Security Provider, CyberScout

Dallas-based employee benefits provider, BenefitMall, has partnered with CyberScout, a provider cybersecurity, identity theft resolution and employee benefits services. BenefitMall brokers will now be able to offer CyberScout’s cybersecurity education and identity theft services as a voluntary or employee-sponsored benefit …

Pan Named Managing Director at Lockton Capital Markets

Lockton Capital Markets (LCM), based in New York City, has appointed Richard Pan as managing director. In this role, Pan will work closely with CEO Ken Pierce to grow the structured finance practice, which brings the insurance and alternative asset …

Gas Line Explosion in Central Arkansas Injures 4 Workers

Four workers were injured on June 18 when the gas main they were repairing erupted in flames, officials said. The explosion happened about 1 p.m. at an intersection near a community center and an elementary school in the Little Rock …