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

FBI Offers Reward for Information on Walmart Fires in Alabama, Mississippi

Federal investigators are offering $2,500 rewards for tips leading to people who set fires inside Walmart stores in Alabama and Mississippi. The FBI posted Saturday security camera photos of masked people inside stores in Mobile, Alabama, and Gulfport, Mississippi. News …

Construction-Oriented CPA Plays Key Role for Contractors

This post is part of a series sponsored by Old Republic Surety. If you’re an independent agent with construction contractor clients, here’s an article to share with them about accounting best practices. When your contractor client requests your help — …

Italian Insurer Cattolica Delays €200M Cash Call due to Generali’s Recent Takeover Offer

MILAN – Italian insurer Cattolica said on Monday it had decided to delay a planned 200 million euro ($244 million) cash call to give its shareholders the chance to take up a buyout offer by bigger peer Assicurazioni Generali. Generali, …

People Moves: ICW in California Names Rathsam CFO, Liberty Mutual Names Mitchell Pacific Field Executive

San Diego, Calif.-based ICW Group Insurance Cos. has named Nicole Rathsam senior vice president, chief financial officer. Rathsam will oversee the company’s premium audit and finance departments. She is in charge of driving the company’s financial strategy to support long-term …

Central Oregon Farmers Struggling in Drought

Cate Havstad-Casad, co-owner of Havstad-Casad Family Farms in Jefferson County, didn’t hold back last week while speaking on a Zoom call with state representatives about the drought conditions affecting farmers in Jefferson County. Speaking during a meeting of the House …

Argo Group to Stop Insuring Canada’s Trans Mountain Pipeline, Joining Other Carriers

Lloyd’s insurer Argo Group has decided to stop insuring Canada’s Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other companies such as Zurich Insurance, Talanx and Munich Re. “This …

Biden Tax Plan Hits Global Reinsurance

The bills for the Biden administration’s multi-trillion dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A headline feature of the plan raises income taxes on …

Busier-Than-Normal Cyclone Season Predicted for East Asian Nations

SINGAPORE – Half of the roughly 20 tropical cyclones expected to form in the western Pacific Ocean through September this year are predicted to hit land in east Asian nations, forecasters said on Friday, making for a season that is …

Texas Records $884.75M in Surplus Lines Premiums in May

The Surplus Lines Stamping Office of Texas (SLTX) recorded a record-breaking $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date. This results in a 14.5% increase in premiums over May 2020, and a …

Florida Surgeon’s Estate Settles with Indiana City over Plane Crash Death

The estate of a Florida plastic surgeon who died in 2019 when his small plane crashed in a central Indiana farm field shortly after takeoff has settled its lawsuit with the city of Kokomo, Indiana. The estate of Daniel Greenwald …