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

Business Moves

National Bamboo Insurance, First American Bamboo Insurance has acquired certain of the assets of First American Property and Casualty Insurance Agency of Santa Ana, Calif. from parent company title insurer, First American Financial Corp., which is exiting the property/casualty business. …

Be Ready to Take on New Challenges By Building Hybrid Teams

While it was an initial whirlwind of change, the pandemic served as a catalyst for creative working arrangements in many organizations. Insurance organizations who had not yet offered remote work gained insight into its benefits, overcame associated challenges, and in …

Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’

Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters last month. But the agents will be there to talk …

Ohio Supreme Court: Armed School Employees Must Have Training

School districts that allow employees to be armed must also require police-level training for those workers, a divided Ohio Supreme Court ruled on June 23 in a victory for a group of parents who challenged a local district’s armed employee …

More Homeowners Claims Equal Higher Insurance Prices in Missouri

Severe weather trends causing an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report, Missouri Homeowners Insurance — Premium & Losses, by the Missouri Department of Commerce and Insurance shows that a …

Michigan Reminds Insurers: ‘Zero-Dollar Claim’ Is Not a Loss

Michigan insurance regulators in a June 15 bulletin reminded property/casualty insurance companies that relying on a “zero-dollar claim” in their insureds’ loss history is not allowed. In Bulletin 2021-27-INS, issued by Michigan Department of Insurance and Financial Services Director Anita …

Hawaii Boosting Peer-to-Peer Car Rental Oversight

The Hawaii Department of Taxation has been boosting its monitoring of peer-to-peer car rentals. The industry operates with the help of apps like Turo, which people can use to rent their personal cars to others. Department Director Isaac Choy said …

Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling

Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will be on the hook for …

Ex-Principal Suing Oregon School District for Discrimination

A former South Albany High School principal is suing Greater Albany Public Schools, claiming the district racially discriminated against him and created a hostile work environment. Nain “Nate” Munoz filed the suit in late May in U.S. District Court in …

City in New Mexico Suing Companies Over Lighting on Problem-Plagued Bus Route

New Mexico’s largest city has sued companies involved in the design and construction of a rapid transit system over light fixtures that have fallen or weren’t secured. The Albuquerque Rapid Transit bus system has been plagued with problems that include …