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

Michigan Issues C&D Order Against Aliera Companies, Connected Businesses

Michigan insurance regulators issued a cease and desist order against a healthcare sharing ministry and two connected companies for allegedly acting in violation of the state’s insurance code. In a media release, Michigan Department of Insurance and Financial Services (DIFS) …

People Moves: Lockton Names Michon President in California; Alliant Adds Racunas

Lockton Insurance Brokers LLC named Alex Michon president of its Sacramento, Calif., operations. Michon specializes in managed care and multinational organizations that require complex regulatory compliance. Michon has nearly three decades of experience in the commercial insurance industry. He joined …

State Fund Offering Credit Extension to Policyholders Impacted by California Wildfires

California’s State Compensation Insurance Fund is offering a 30-day credit extension to policyholders affected by wildfires currently burning in Northern California counties declared states of emergency by Gov.Gavin Newsom. The counties are Alpine, Butte, El Dorado, Lassen, Nevada, Placer, Plumas, …

Wyoming Marijuana Signature Effort to Begin in Early September

Wyoming marijuana advocates plan to begin circulating petitions in September for two proposed ballot measures – one asking if the state should legalize medical marijuana, and the other if it should decriminalize pot. The Wyoming Attorney General’s Office this week …

Former California Agent Allegedly Stole $1.2M from Elderly Consumers

Formerly licensed insurance agent Robert Stoddard, 66, of San Clemente, Calif., was arrested this week after a California Department of Insurance investigation found he allegedly stole $1.2 million from more than 20 victims, including 14 seniors. Stoddard is being charged …

Judge Grants Conditional Approval for Boy Scouts Sex Abuse Bankruptcy Plan

The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of sexual abuse. The ruling by U.S. …

Effective Sept. 1 All Auto Insurers in Texas Must File Rates with Actuarial Support

A bill that becomes effective in Texas repeals a section of the state’s insurance code that allows certain auto insurers to file rates with the Texas Department of Insurance (TDI) without providing actuarial support or justification for those rates. Senate …

Texas Summarizes Workers’ Comp Bills Passed in 2021

Several bills passed in the Texas Legislature this year impact the state’s workers’ compensation insurance system. Below, the Texas Department of Insurance, Division of Workers’ Compensation (DWC) summarizes selected bills enacted by the 87th Legislature that affect workers’ compensation and …

Some Rural Midwest Bankers Concerned About Drought’s Impact on Business

The economy continues to grow in rural parts of 10 Plains and Western states, according to a new monthly survey of bankers in the region, but some bankers in the region are worried that worsening drought could threaten their operations. …

Willis Towers Watson Promotes Mead to Canadian Property/Casualty Broking Leader

Insurance broker Willis Towers Watson announced that Kate Mead is the new head of its Canadian property/casualty broking team. Previously Willis Towers Watson’s practice leader for the Midwest, Northeast U.S. & Canadian Environmental business, Mead will now focus on strengthening …