California’s State Compensation Insurance Fund in early January announced plans to distribute a $39 million dividend to its qualifying policyholders with policies that took effect between Aug. 27 and Dec. 31, 2020. The dividend equals roughly 10% of the estimated …
Florida’s fluctuating and volatile private market may be instigating long-term policy growth for Citizens Property Insurance Corp. and creating serious obstacles to its position as the state’s residual insurer, a study says. The 236-page “Exposure Reduction and Depopulation Opportunities Analysis,” …
BevCap Management, LLC (BevCap), an alternative risk program manager with captives domiciled both on and offshore, has formed HatterasRe, LTD, an onshore domiciled captive insurer for BevCap Health’s proprietary Medical Stop Loss program. The new captive will be domiciled in …
The risk management society RIMS announced that Ellen R. Dunkin will lead the organization as president for the 2021 term, which began January 1. Dunkin is the senior vice president, general counsel and chief risk officer for Amalgamated Life Insurance …
COPENHAGEN, Denmark (AP) – A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner ($107 million), a financial body said Thursday. Seven people were killed and …
Wednesday, January 6, 2021, was a historic day in the US. It could have been historic because the US Congress was voting to certify an election. That happens every four years. Most of the time, it’s with little fanfare, but …
NIF Group, and its parent company, Jencap Group, have agreed to acquire the assets of Pacific Coast E&S Insurance Services in Santa Rosa, Calif. New York-based NIF is a program manager and wholesale broker providing independent agents and brokers a …
A subdued Carnival season began Wednesday after the coronavirus pandemic put an end to the crowd-heavy balls and street parades that draw thousands of people to the city every year. The Mardi Gras season always starts on Jan. 6 and …
The South Dakota State Bar Association is advising attorneys against providing legal services to businesses seeking to produce or sell marijuana in the state. South Dakota voters approved legalizing both recreational and medical pot on the same ballot in November. …
Officials in Marion, Iowa are set to approve a plan to repair the city’s historic train depot that was heavily damaged in last summer’s devastating derecho. The Marion City Council received a motion this week from the city’s Parks and …
