California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.45 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2021. This marks the tenth consecutive reduction to …
Seth Birnbaum, the entrepreneur co-founder and chief executive officer of the Cambridge, Mass.-based online insurance marketplace EverQuote, passed away on Nov. 28. A statement released by the company said that Birnbaum’s passing was unexpected and peaceful, and that he died …
Alera Group has acquired Legacy Risk and Insurance Services LLC in California. Legacy Risk is a provider of property/casualty solutions for commercial insurance and private client service offerings. The Legacy Risk team will continue serving clients in their existing roles. …
Moses Luna, 73, of Newport Beach, Calif., was arrested this week on 20 felony counts of insurance fraud after allegedly billing 20 separate insurance companies for translation and interpreting services to collect over $310,000 in workers’ compensation fees. An investigation …
Tennessee lawmakers who have often been critical of government restrictions to curb COVID-19’s spread are suggesting ways to give themselves the power to limit or overturn emergency orders from the governor during future health crises. Amid the worsening pandemic, a …
Aon plc has expanded its Cyber Secure Select offering to include an enhanced cyber insurance program for high net worth individuals and executives. This new insurance offering in partnership with Aspen Insurance expands on Aon’s Cyber Secure Select, a collaboration …
A Red Oak, Texas, couple have been sentenced to a combined 18-plus years in federal prison for their roles in a $15 million retirement plan embezzlement scheme, according to U.S. Attorney for the Northern District of Texas Erin Nealy Cox. …
CRC Group, a nationwide wholesale distributor of specialty insurance products, has agreed to acquire the assets of Continental Underwriters. Headquartered in Covington, La., Continental provides primary marine, excess marine liabilities, ocean cargo and inland marine insurance. Led by CEO H. …
Farmers in 21 north and central Louisiana parishes may qualify for low-interest loans to cover losses from Hurricane Laura in August. These are parishes which did not already qualify under President Donald Trump’s disaster declaration in August. The U.S. Department …
LONDON/BRUSSELS – European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still “very difficult” and it was determined to “take back control” from the bloc it left …
