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

Buffett’s Duracell Countersues Energizer, Alleging False Ads Over Battery Life Claims

Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc., sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than other alkaline batteries. The lawsuit follows Energizer …

Record 2 Million Acres Burned in California Wildfires

Wildfires have burned a record 2 million acres in California this year, and the danger for more destruction is so high the U.S. Forest Service announced Monday it was closing all eight national forests in the southern half of the …

Hiscox Unites 3 Special Risk Teams Under a New Crisis Management Division

Specialist insurer Hiscox has created a Crisis Management division within its London Market business to include kidnap and ransom, security incident response, terrorism, product recall and personal accident lines. Headed up by Mike Williams, divisional director, the Crisis Management division …

Richmond Saw Nearly $4M in Fire Damage During Initial Unrest

Fires caused nearly $4 million in estimated damages over the first 18 days of protests this summer in Richmond, Va., according to an analysis by city emergency officials. Richmond fire crews responded to 48 fires between May 29 and June …

Element Risk Management Acquires Two Pennsylvania Agencies

Element Risk Management has acquired two new insurance agencies in Pennsylvania. Barrick & Associates of Hanover, Penn., and Danner’s Insurance, with locations in East Berlin and Biglerville, Penn., are now part of Element Risk Management. Family owned for more than …

N.H. Approves Reduced Workers’ Comp Voluntary Loss Costs

The New Hampshire workers’ compensation insurance market will continue to experience historically low rates in 2021, according to a press release issued by the New Hampshire Insurance Department. This comes after the New Hampshire Insurance Department approved a rate proposal …

Optisure Risk Partners Hires Bagley in New Hampshire

Optisure Risk Partners has hired Wendy Bagley as a personal lines and private client account executive. She brings more than 30 years of experience in personal lines and insurance expertise to this new role and is based in New Hampshire. …

Reinsurance Sector Can Expect More Negative Rating Actions over Next Year: S&P

Despite the global reinsurance sector’s “robust capital position” and “very high rate rises,” which are expected to “carry on for the remainder of year, and continue for major renewals in 2021,” S&P Global Rating’s credit outlook for the sector will …

Kentucky Police Road Safety Campaign Targets Aggressive Drivers

Police are looking for aggressive drivers in Kentucky over the next few weeks. Kentucky State Police Commercial Vehicle Enforcement Division launched the Ticketing Aggressive Cars and Trucks Campaign on Sept. 2. Officers will target drivers of passenger and commercial vehicles …

South Carolina to Require Vision Tests to Renew Driver’s Licenses

South Carolina residents looking to renew their driver’s license will face changes in the requirements beginning in October. In a news release last week, the Department of Motor Vehicles said drivers will be required to take an eye exam before …