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

San Antonio Hotel Accused of Price-Gouging in Storm

A San Antonio hotel owner has been sued and accused the operator of price-gouging during last month’s storm that left millions of Texans without power and heat during sub-freezing temperatures, the state attorney general’s office said. The attorney general accuses …

Former Kansas Insurance Agent Sentenced in Fraud Case

A former Johnson County, Kansas, insurance agent has been sentenced to 24 months of probation on insurance fraud charges and ordered to repay nearly $86,000 in restitution, Kansas Attorney General Derek Schmidt said. Armond R. Peghee, 42, pleaded guilty in …

IICF Gala Went on Despite Pandemic, USC Risk Management Program Honored

More than 200 guests joined the Insurance Industry Charitable Foundation Western Division for the virtual Horizon Award Gala on Thursday. Due to the pandemic, this year’s IICF gala, an event that often requires massive planning and volunteer efforts, was virtual. …

Chubb Bids for Significant Scale Including The Hartford’s ‘Crown Jewel’

Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. Now, the insurer is gunning for even larger size …

Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb

While Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg would certainly welcome what The Hartford …

Storms Leave Trail of Damage Across Deep South

Update: 12:23 pm EST – Storms that left splintered homes and broken trees across Alabama and Mississippi moved into Georgia and Florida on Thursday, rousing residents with early morning warnings as forecasters said the threat of dangerous weather would move …

Arkansas AG: Scammers Targeting Professional License Holders

State licensing boards and professional licenses holders need to be aware that scam callers are targeting Arkansans who hold a professional license, Attorney General Leslie Rutledge said in a statewide alert. Scam callers to professional license holders in the state …

Texas House Panel Advances Bill Requiring Power Plants to Prep for Extreme Weather

Several bills responding to Texas’ February power outages including one mandating that power plants prepare facilities for extreme weather and another reforming the Electric Reliability Council of Texas board — were advanced by the Texas House State Affairs Committee on …

Feds Investigating Tesla/Police Cruiser Crash in Michigan

For the second time in a week, the U.S. government’s road safety agency is sending a team to investigate a Tesla crash in Michigan. This time, the National Highway Traffic Safety Administration is sending a special crash investigation team because …

Alera Group Acquires Michigan’s Specialized Insurance Services Agency

Deerfield, Ill.-based insurance and financial services firm, Alera Group, has acquired Specialized Insurance Services Agency Inc. (SISA), an independent insurance agency headquartered in Milford, Michigan. SISA provides professional liability insurance for doctors, dentists and lawyers and protections such employment practices …