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

28% of Michigan Small-to Mid-Sized Business Leaders Satisfied with Economy: Survey

A survey funded by the by Accident Fund Insurance Company of America and the Michigan Business Network shows that most leaders of small-to mid-sized businesses in the state continue to be wary about the economy. The latest Michigan Future Business …

South Dakota Gun Shop Burglarized for 2nd Time in 2 Months

After operating without incident for five years, a Sturgis gun store has been burglarized for the second time in two months. Sturgis Guns was broken into at 4:21 a.m. on Dec. 6, according to a police news release. Authorities arrived …

LSU’s Immunity Claim in Frat Pledge’s Death Denied Review by U.S. Supreme Court

The U.S. Supreme Court has turned away an appeal from Louisiana State University, which spent years arguing that it should be immune from a lawsuit filed by the parents of a fraternity pledge from Georgia who died of acute alcohol …

Florida Approves 6.6% Rate Decrease to Workers’ Comp Rates

Florida Insurance Commissioner David Altmaier has issued a final order approving the National Council on Compensation Insurance (NCCI)’s filing for a statewide overall decrease of 6.6% for Florida workers’ compensation insurance rates. This applies to both new and renewal workers’ …

Utah Pharmacy Sued Over Alleged Prescription Violations

Fedral prosecutors in Utah have sued a pharmacy after claiming employees allegedly filled hundreds of opioid prescriptions for members of the same family in the small city of Morgan. The state U.S. attorney’s office filed a civil enforcement action against …

Pandemic-Stricken Uber Sells Its Robot-Vehicle Division

Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber’s Advanced Technologies Group …

Kaufman, Burns & Wilcox Promote 16 Including Heckman to New Positions

H.W. Kaufman Group and its wholesale insurance broker subsidiary Burns & Wilcox announced promotions of 16 associates across nine locations in the United States and Canada during a virtual company event in November. One of the most prominent promotions was …

Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier

Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the money will help build its market dominance among millennials in its home country and beyond. Specifically, a push into …

Middle Market Firms May Be Untapped Telematics Opportunity

Middle market business owners may be more interested in vehicle telematics insurance products than their agents realize. Approximately 14 percent of agents surveyed for insurer Nationwide responded that they don’t believe their clients would pay for telematics. At the same …

Everest Insurance Names Clark Senior VP, Head of Everest Specialty Underwriters

Everest Insurance has named Robert Clark as senior vice president and head of Everest Specialty Underwriters (ESU). Clark will continue to be based in the company’s New York City office, reporting to Everest Insurance President and CEO Mike Karmilowicz. In …