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

Moody’s: Ida’s Impact Likely to Be Greater on Regional Insurers, State’s LA Citizens

While large, national property/casualty insurers with leading market shares in both the residential and commercial property markets in Louisiana will be exposed to losses resulting from Hurricane Ida, which hit the state on Aug. 29 as a Category 4 storm, …

Texas’ Griddy Energy Settles Over Exorbitant Energy Bills From Freeze

The electric utility Griddy Energy has reached a settlement with Texas officials over crushing electric bills its customers received after the deadly February winter storm and cold wave, the Texas Attorney General’s Office announced. Griddy Energy sold power to consumers …

Minnesota Tops 300 Pre-Labor Day Traffic Deaths

Minnesota reached 300 traffic accident deaths before Labor Day for the first time in more than a decade, prompting state public safety officials to issue a plea for people to slow down. The state reported its 300th fatality on Aug. …

Officials Order More Evacuations from Massive Fire Threatening Lake Tahoe

Fire officials ordered more evacuations near Lake Tahoe and told other residents to be ready to leave as a destructive fire roared through forests southwest of the alpine lake that straddles the California-Nevada state line. Several communities south of the …

ATF: Investigation Into Arizona Print Shop Explosion Delayed

Federal authorities have run into some delays while investigating the cause of an explosion at a Chandler strip mall print shop that seriously injured four men inside the building. Tom Mangan, a special agent with the Bureau of Alcohol, Tobacco, …

Trio Accused of Staging Auto Accidents in California

Three people face multiple charges in connection with staged auto insurance accidents Los Angeles, the Los Angeles District Attorney’s Office reported. Los Angeles County District Attorney George Gascรณn said Eduardo Retana, Ausencio Gomez and Victor Valle-Diaz, all of the city …

Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco

National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Sevens company. Terms of the deal were not announced. Based in Fayetteville, Georgia, Benevestco is …

Analysts Foresee Modest Economic Damage in U.S. From Ida; Peg Insured Losses at $10B

With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on …

People Moves: MJ Insurance Adds Bingham; Ashurst Joins Marsh in Chicago

MJ Insurance MJ Insurance, a risk management and employee benefits agency headquartered in Indianapolis, hired Julie Bingham as vice president of Total Rewards Consulting. Bingham brings 20-plus years of experience in compensation consulting and human resource leadership roles to MJ. …

North Carolina Regulators Find Chemours Plant Out of Compliance With Air Permit

North Carolina environmental regulators announced this week that a plant that for years discharged so-called “forever chemicals” into the air and water is not currently in compliance with its air permit. In its letter to Chemours, the Department of Environmental …