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

Minnesota Insurance Licensing Exams Now Available Online

Insurance professionals in Minnesota may now take their pre-license examinations online, according to the Minnesota Department of Commerce. “This new ability to take pre-licensing examinations online benefits those seeking to do business in these fields while continuing to give Minnesota …

BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during business interruptions. Jay Bregman, co-founder of the …

Louisiana’s Dwight Andrus Insurance Adds Hebert as VP, Personal Lines

Lafayette, Louisiana-based Dwight W. Andrus Insurance Inc. has hired Henri Hebert as vice president of Personal Lines — a newly created role. Hebert will be tasked with creating and implementing the future business plan and vision that the agency has …

Workers’ Comp Insurance Rates Continue to Drop in Louisiana

Workers’ compensation insurance rates will continue to decrease in Louisiana with a new rate reduction beginning in May, the insurance department reported. Louisiana Insurance Commissioner Jim Donelon has approved a loss cost filing by the National Council on Compensation Insurance …

Former Washington Attorney Charged in $1.8M Theft of Settlements

Former Washington attorney Patrick Kim was charged in King County Superior Court with three counts of first-degree theft and 10 counts of second-degree theft, all felonies, involving clients’ insurance settlements. Washington Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit investigated the …

Hacked Firms Face ‘Frankenstein’ of State-Based Cyber Notification Laws

Last summer, Katherine “Kitty” Green received some disturbing news about the computer network at Florida Gulf Coast University, where she oversees a foundation for private donors. An outside data provider warned it had detected that hackers sneaked into the university’s …

Nordstrom Suit Tests Whether Civil Unrest Is Single Insurance Occurrence or Multiple

Nordstrom Inc. has filed suit seeking a court declaration that its insurers must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events that would require the department store chain to pay separate $1 …

New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies

Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition companies (SPACs). Beazley’s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined from an …

Reuters: Feinberg to Oversee Boeing 737 $500M Victim Compensation Fund

Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the …

Progressive Insurance Marketing Chief Charney to Retire in 2022

Progressive Insurance reported that Jeff Charney will retire as chief marketing officer, a position he has held since 2010. Charney’s expected retirement date is January 2022. The company said the early announcement of Charney’s retirement was made to allow for …