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

Cyber Insurers Scale Back as Ransomware Attacks Rise

Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …

Lafayette, Louisiana Based Dwight Andrus Insurance Expands Territory with New Crowley, Louisiana Office

Independent Insurance brokerage, Dwight Andrus Insurance, is pleased to announce its acquisition of Mayeux Insurance Agency in Crowley, LA which extends Andrus’ reach further into western Louisiana. Both firms broker Commercial and Personal Property & Casualty Insurance, Employee Benefits and …

New Everest Architects & Engineers Policy Offers PL, Pollution, Cyber Coverage

Everest Insurance has released a new architects and engineers professional liability policy to provide design professionals with professional, pollution and cyber liability coverage. Everest Elevation was developed to address the coverage needs of architectural, design, engineering and construction firms, and …

Texas Workers’ Compensation System’s Path to Wellness

Since 2003, insurance rates in the Texas workers’ compensation system have dropped by nearly 72 percent, according to a new study released by a research group within the state’s insurance department. In 2003, the Texas workers’ compensation system was in …

Pfizer Vaccine Faces Some Storage, Production, Snowstorm Challenges

The first days of Pfizer Inc.’s COVID-19 vaccine rollout have seen unexpected hitches including some vaccines being stored at excessively cold temperatures and Pfizer reporting potential challenges in its vaccine production, U.S. officials said on a Wednesday press call. At …

EEOC Releases Updated Guidance on COVID-19 Vaccinations and Employment Laws

The Equal Employment Opportunity Commission (EEOC) has released updated guidance on the responsibilities and rights of employers and employees related to the COVID-19 vaccine, including in cases where employers require employees to be vaccinated. The publication, “What You Should Know …

USI Insurance Acquires Venneberg Insurance in Alaska

USI Insurance Services has acquired Sitka, Alaska-based Venneberg Insurance. All of the agency’s employees, including Mike Venneberg, owner and principal, will be joining USI. Terms of the deal were not disclosed. Venneberg Insurance is an independent risk management and insurance …

Ribadeau-Dumas to Succeed Kessler as CEO of SCOR

The SCOR board of directors has unanimously chosen Benoรฎt Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR’s current chairman and CEO. With effect from Jan. 1, 2021, Ribadeau-Dumas will become deputy chief executive officer of …

Innovative Risk Management in Dallas Names 4 New Partners

Innovative Risk Management (IRM), a specialty program management firm based in Dallas and established in 1991, has added four new partners to help secure the continued success of the organization. Chris Lovisone has held the role of chief operating officer …

QBE Names 4 From Berkshire Hathaway to Financial Lines Team

QBE North America announced the appointment of four senior industry veterans to leadership positions within its Financial Lines business. Joining QBE are: Danielle Librizzi as head of Professional Liability Thomas Kocaj as head of Management Liability Michael McGuinness as senior …