November 16, 2020
Breakups hurt — both financially and emotionally — in both business and in marriage. Just as sociologists have predicted spikes in marital divorce rates, there is now also a noticeable increase in partner disagreements in healthy, thriving businesses. And insurance …
November 16, 2020
Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last year or two, and the COVID-19 pandemic brought on a wave of new challenges that has only compounded the …
November 16, 2020
For independent agents, building a community-based brand has always been a smart way to set themselves apart from their exclusive counterparts. Now, as the next wave of COVID-19 hits the U.S. economy, it’s more important than ever for agents to …
November 16, 2020
Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and premium volume declines in 2021, according to Fitch Ratings. The operational and risk …
November 16, 2020
Incumbent Mike Causey, a Republican, has defeated Democrat Wayne Goodwin in the third rematch between the two candidates for the position of North Carolina Insurance Commissioner. The Associated Press reported Wednesday night that Causey beat Goodwin with 52% of the …
November 16, 2020
A property insurer is off the hook for a $200,000 claim against a policy that it canceled, leaving a lawsuit filed against a former insurance agent who was arrested for pocketing premiums as the only apparent recourse available to the …
November 16, 2020
This year could be the most controversial rate recommendation in the 107-year history of the California workers’ compensation system. Why? Because we are dealing with a virus we’ve never experienced before. The medical community is still learning about COVID-19 transmission, …
November 13, 2020
A U.S. judge on Thursday dismissed a libel lawsuit filed by President Donald Trump’s re-election campaign against CNN over a 2019 opinion piece which it said suggested the campaign would be open to Russian interference, according to a court document. …
November 13, 2020
As of Sept. 27, workers’ compensation insurance carriers in Texas had reported more than 25,000 COVID-19 claims and 103 fatalities to the state’s regulators. The numbers cover virus-related claims reported to insurers through June 30, 2020. A report released by …
November 13, 2020
Diverse California businesses supplied $2.1 billion in goods and services to insurance companies last year, a 16.7% increase since 2018. That’s according to the latest California Insurance Diversity Survey results released by Insurance Commissioner Ricardo Lara. Of the $2.1 billion …