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

How Kindness & Giving Prevailed in a Year Fraught with Challenges

This year has been unusually challenging, to say the least. We’ve been thrust into a virtual life of Zoom work meetings, virtual school, telemedicine and more. Many of us are tired of virtual life and uncertainty. We miss our colleagues …

Expansion of Workers’ Comp for COVID-19 Created Narrow Benefit in 6 States

While at least 17 states have passed laws or issued orders that expanded access to workers’ compensation benefits for employees who contract COVID-19, many of those directives are creating new exposure for only a sliver of the workforce, new research …

Declarations

Hurricane Losses “So many people suffered losses during Hurricane Laura including our farmers and ranchers. With its devastating Category 4 winds reaching 150 mph, Laura maintained hurricane strength as she pummeled the state. … Any assistance is appreciated to help …

COVID, Economy, Social Inflation Warrant Negative Commercial Lines Outlook: A.M. Best

U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised its outlook for the segment to negative from stable in April, …

Business Moves

National Truist Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than $100 million of combined annual revenue to its wholesale division. The most recent of these transactions is the acquisition of …

8 Things Candidates Love (or Hate) About Job Offers

July’s Ask the Insurance Recruiter column, “10 Ways to Impress Candidates During Interviews,” turned out to be my most popular article of the year. With only this edition to go, we’ll have to see if it holds the #1 spot! …

Louisiana Court: ‘Collectibility’ Not a Limiting Factor in Legal Malpractice Damage Amounts

Are a plaintiff’s damages in a legal malpractice case limited to the amount they could have collected in a judgement in the underlying lawsuit that an attorney was found to have mishandled? The Louisiana Supreme Court said ‘no’ in a …

Liquidation Sought for Texas Nonstandard Auto Insurer, ACCC

An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. ACCC Insurance Co. was placed into receivership on Oct. 21 by Travis County District …

California Workers’ Comp Written Premium Down 12% over 9 Months of 2020

Workers’ compensation written premium in California for the first nine months of 2020 was 12% below that for the first nine months of 2019, according to a quarterly experience report released on Friday by the Workers’ Compensation Insurance Rating Bureau …

Modernizing the Housing Economy: A 20/20 View of 2020

This post is part of a series sponsored by CoreLogic. In the blink of an eye, COVID-19 reshaped our world. As the critical functions of the real estate, lending, and insurance economies began to adapt to the new circumstances of …