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

Flash Flooding Hits Parts of North Carolina, Prompts Rescues

Heavy rains caused flash flooding in parts of North Carolina, leading to washed-out roads and bridges and prompting multiple water rescues. Reports indicated that 5 inches of rainfall fell in parts of the state east of Raleigh. The Nash County …

Tennessee House Lawmakers Advance Broad Coronavirus Liability Protection

Tennessee would become the latest state to provide health care providers, schools and businesses broad protections against coronavirus lawsuits under a proposal gaining traction inside the GOP-dominant Statehouse. House Republicans approved such a measure Tuesday despite objections from Democrats, who …

GeoVera in California Names Forney Chief Executive Officer

Fairfield, Calif.-based GeoVera Insurance Holdings Ltd. has named John L. Forney CEO and member of the board of directors. The move is effective July 1. Forney succeeds Kevin Nish, who has served as GeoVera’s president and CEO since 2005 and …

Fidelis Issues $300M of Senior Notes, Bringing 2020 Capital Raise to More Than $1B

Fidelis Insurance Holdings Ltd. announced it has issued $300 million of senior notes, which comes on the heels of last week’s equity funding of $500 million and the $300 million raised by the re/insurer in February. The offering of the …

Supreme Court Rejects Appeals Over Police ‘Qualified Immunity’

The U.S. Supreme Court this week refused to take up a new test of “qualified immunity,” rejecting several appeals that challenged the legal doctrine that has become a broad liability shield for police officers accused of civil rights violations. Qualified …

Justice Department Outlines Proposed Overhaul of Social Media Immunity

The Justice Department on Wednesday outlined a broad overhaul of legal protections for online platforms such as Alphabet Inc.’s Google and Facebook Inc. if they deliberately promote illegal speech on their websites. The proposals, which could upend the companies’ business …

Southern California Edison Sued Over Oktoberfest Explosions

A Southern California restaurant owner who was among five injured when an underground transformer exploded during an Oktoberfest celebration last year is suing Southern California Edison. Flames shot into the sky from the blasts that blew a vault door off …

China Finds Coronavirus Contamination in Seafood and Meat in Beijing Food Market

China has found the trading sections for meat and seafood in Beijing’s wholesale food market to be severely contaminated with the new coronavirus and suspects the area’s low temperature and high humidity may have been contributing factors, officials said on …

Judge Halts Limit on California Governor’s Emergency Powers

An appellate judge on Wednesday stayed a lower court’s order barring Gov. Gavin Newsom from issuing directives that might conflict with state law, freeing him to take additional executive actions during the coronavirus pandemic. Sutter County Superior Court Judge Perry …

What It Takes for a New Insurance Agent to Succeed

Developing young talent to become successful young agents is not easy. Chris Burand, president of Burand & Associates, an insurance agency consulting firm, estimates that the new producer failure rate is as high as 70% to 80%. Other estimates have …