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

AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report

AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities …

Flooding in North Carolina Prompts State of Emergency

Flooding from heavy rains across North Carolina prompted Gov. Roy Cooper to declare a state of emergency on Friday as searchers looked for a 1-year-old and an adult who disappeared when high water swept through a campground. In addition to …

Lockton Hires Aon’s Stine as Midwest Series VP in St. Louis

Lockton has added Casey Stine as a vice president and Business Development consultant for the firm’s Midwest Series. Stine, who has nearly a decade of experience in employee benefits and corporate human resource consulting, is located in the firm’s St. …

World Insurance Associates Acquires Indiana’s Ball Insurance

Ball Insurance Services (Ball Insurance) of Northwest Indiana has been acquired by World Insurance Associates LLC. Ball Insurance, based in Merrillville, Ind., is a property/casualty-focused agency, specializing in auto and motorcycle insurance. The agency has been in business since 1962. …

GM Recalling 69,000 Chevy Bolt Electric Cars Over Fire Risk

General Motors Co. said on Friday it was recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two minor injuries. The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries …

Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago

Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to the III executive behind the move. III CEO …

McDonald’s Plans Safety Checks of All Restaurants as COVID Cases Surge

McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and “COVID fatigue” sets in, according to an internal note seen by Reuters on Friday. “It is apparent we are entering …

Texas Automobile Insurance Plan’s 4.8% Commercial Auto Rate Hike Approved

The Texas Department of Insurance (TDI) has approved the request by the Texas Automobile Insurance Plan Association (TAIPA) for a 4.8% increase in commercial auto rates, with an effective date of March 1, 2021. TAIPA members include all insurers authorized …

Orchid Insurance, Homesite Launch Homeowners Insurer TRUE in Florida

Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group, a national property insurer, have created TRUE, a reciprocal insurance company to protect homeowners in coastal states. TRUE (Trusted Resource Underwriters Exchange) is domiciled in …

HUB Acquires Assets of Miss.-Based Larry Dean Massey, Jr.

Hub International Limited (Hub), a global insurance brokerage, has acquired the insurance brokerage assets of Larry Dean Massey, Jr. (Massey). Terms of the transaction were not disclosed. With legacy operations in Memphis, Tenn., and now in Oxford, Miss., Massey offers …