Monthly Archives: <span>February 2021</span>

Oklahoma Legislation Would Require Tornado Safety Information in Hotels

Under legislation passed by the Oklahoma House of Representatives, new or renovated hotels and motels would be required to tornado safety information in every room and common areas. Rep. Denise Crosswhite Hader, R-Piedmont, who authored House Bill 1748, said the …

$23.9M Returned to Missouri Insurance Consumers in 2020

The Consumer Affairs and Market Regulation divisions of the Missouri Department of Commerce and Insurance (DCI) helped consumers receive an additional $23.9 million from their insurance companies in 2020, the department reported. The monies were returned as a result of …

OSHA: Missouri Plumbing Contractor Fined $299.5K for Trench Safety Violations

Barely two years after an Oak Grove, Missouri, plumbing contractor agreed to adopt a comprehensive trench safety program following the December 2016 death of an employee in an unprotected trench, federal inspectors responding to a complaint in August 2020 found …

Winter Storm Uri to Generate Billions in Insured Losses: Moody’s

The massive winter storm that barreled through the mid-section of the United States and across the South in mid-February, hitting Texas particularly hard, will generate billions in insured losses, according to commentary by Moody’s Investors Services. The storm, which has …

AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale

American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a trend it sees persisting in 2021, as the company prepares to install Peter Zaffino as its new chief executive on …

U.S. Financial Services Leaders Support Principles for Low-Carbon Transition

U.S. financial services leaders have stated their support in principle for a U.S. transition to a low-carbon economy. The support comes following the release of the Principles for a U.S. Transition to a Sustainable Low-Carbon Economy by the U.S. Climate …

California Commissioner Wants More Group Discounts for Lower-Income Drivers

California Insurance Commissioner Ricardo Lara on Thursday released revised draft regulations to expand drivers’ access to group discounts. The revised draft regulations will extend discounts to previously underrepresented drivers in the first major reform of group discounts since voters approved …

Cannabis Broker Spotlight: Lockton’s Devey Helps Clients Battle ‘Insurance Fatigue’

Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …

Police Arrest 11 in Atlanta Area Pharmacy Burglaries

Police have arrested nearly a dozen people who police say are believed to have been connected to multiple pharmacy burglaries in the Atlanta area. DeKalb County police arrested 11 people after a tracking device in a pill bottle led them …

HSB Launches Workplace Violence Insurance for Small Businesses

HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling, crisis communications, lost business income and security services to help companies and their employees respond and recover after a violent …