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

‘Desperate’ Times: Stakeholders Urge Florida Lawmakers to Enact Insurance Reform

It’s the start of another Florida Legislative Session with a familiar theme β€” insurers pushing for reforms they say are needed to help the state’s distressed insurance market. Only this year the need is more urgent than ever, according to …

AIA of Alabama Reorganizes, Appoints Albrecht as President

Associated Insurance Administrators (AIA), based in Montgomery, Ala., has appointed Patrick Albrecht as president. The appointment of Albrecht is part of the company’s reorganization to bring the authorities and responsibilities into the day-to-day operations. AIA said the shift to having …

Alliant Acquires Louisiana’s Group Insurance Inc.

Alliant Insurance Services has acquired Group Insurance Incorporated (GII), a full-service employee benefits provider and general agency based in Baton Rouge, Louisiana. The acquisition of GII adds a diverse portfolio of group insurance products and services to Alliant’s national employee …

Kansas Lawmakers Look to Extend COVID-19 Liability Shield for Businesses

Kansas lawmakers moved on March 2 to extend protections for businesses from lawsuits over COVID-19. The Senate Judiciary Committee approved a bill that would give businesses an extra year of protection, until March 31, 2022, from lawsuits from customers or …

Cannabis Broker Spotlight: Green Shield’s Medrano Used Insurance to Get into Cannabis

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 …

Internet Firms’ Liability Protection Under Fire. 26 Words and What’s at Stake

Democrats and Republicans in Congress are taking aim at a controversial law that shields internet platforms including Facebook Inc. and Twitter Inc. from lawsuits over content posted by users. The measure — just 26 words known as Section 230 — …

Climate Change Activists ‘Welcome’ AIG CEO Zaffino; EU Urges More Insurance

Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic. The Atlantic Meridional Overturning Circulation during the 20th century has weakened more than at any other time over the last 1,000 years, new research …

Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021

Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth overall. The Ohio-based insurtech lost $133.3 million in …

Alliant in California Adds Aon’s Whipple in Energy & Marine

Newport Beach, Calif.-based Alliant Insurance Services has named Derek Whipple senior vice president of energy and marine. Whipple is located on the West Coast, and has a specialized focus on power-related energy. He was previously a managing director at Aon. …

ICW Group in California Names Yuan Vice President, Product and Pricing

San Diego, Calif.-based ICW Group Insurance Cos. has named Iva Yuan vice president, product and pricing. Yuan will oversee the strategic direction of its product lines across the company’s various businesses. Yuan has more than 20 years of insurance industry …