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

ShoreOne Appoints Hoover as CMO to Lead Coastal State Expansion Effort

ShoreOne has appointed Ben Hoover as chief marketing officer. Hoover will lead the marketing and distribution strategy for ShoreOne’s growth along the Atlantic Seaboard. Hoover, who has previous underwriting and distribution experience with large MGAs, will work with a select …

Securities, Commodities, Insurance Regulators Face Climate Issues

The Connecticut Legislature’s Insurance & Real Estate Committee held a public hearing this week on what is believed the country’s first bill requiring insurance companies to disclose the premiums they receive from fossil fuels. The bill, Senate Bill 1047, could …

Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg

Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the matter said. The New York-listed …

North Carolina Man Charged with Insurance Fraud in Wreck Scheme

A North Carolina man was arrested in connection with an insurance fraud scheme involving roadside cleanup after a car crash, insurance officials said. A news release from the Department of Insurance said Garrett Scarlette, 26, of Thomasville, was charged with …

Applied Underwriters Acquires Florida Casualty Insurance Co.

Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded, Ft. Lauderdale-based insurer, licensed in 41 states, will carry North American …

More Fallout from February Blackouts: Last Texas Power Regulator Resigns

The last Texas regulator on the Public Utility Commission at the time of the deadly February blackouts has resigned, Gov. Greg Abbott announced. In a statement issued on March 16, Abbott said he had asked for and accepted the resignation …

Illinois Court: Suit Against MLB over Wrigley Field Foul Ball Injury Can Proceed

An Illinois appellate court has ruled a woman struck by a foul ball at Wrigley Field can move ahead with a lawsuit she filed against Major League Baseball. In upholding a lower court ruling, the appellate court said the plaintiff …

Wisconsin’s Society Insurance to Enter Texas Hospitality Market

Wisconsin-based Society Insurance has plans to launch its insurance programs for the hospitality industry in Texas this year. In business for more than 100 years, Society Insurance offers property/casualty coverages, partnered with underwriting, risk management and claims handling for restaurants, …

Severe Storms Across Southeast Bring Tornadoes, NWS Warns of More Outbreaks

The U.S. National Weather Service said a regional outbreak of severe storms and tornadoes was possible on Thursday from parts of east-central Georgia and north-eastward across South Carolina and North Carolina. “Significant tornadoes, wind damage and large hail will be …

Oakland Spent $13.4 Million on Ghost Ship Legal Defense

The city of Oakland spent $13.4 million in legal fees to defend itself against the Ghost Ship warehouse fire civil lawsuit, newly released documents show. The legal fees, contained in billings obtained by the East Bay Times through a Public …