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

Crews Battle ‘Rapidly Growing’ Wildfire in Northern Minnesota

Fire crews in northeastern Minnesota battled a “rapidly growing” wildfire Sunday, adding to a list of wildfires in the region that has prompted Gov. Tim Walz to authorize the National Guard to assist in firefighting efforts. Superior National Forest officials …

Cedar Rapids, Iowa, to Settle Police Dog Attack Suit for $50K

The Cedar Rapids, Iowa, City Council approved a $50,000 payment to settle a lawsuit brought by a man who said he was unjustly attacked by a city police dog last year. The lawsuit was filed by Howard Cones, who said …

AM Best Assigns B+ Rating to Texas’ National Unity Insurance

AM Best assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of “bbb-” (Good) to National Unity Insurance Co. (National Unity) in San Antonio, Texas. The outlook assigned to the ratings is stable. The ratings reflect …

More Homes Threatened as Blazes Burn in California, Across West

Thousands of homes in Northern California remain threatened by the nation’s largest wildfire as unstable weather creates a high danger of new blazes erupting across the West. Weekend thunderstorms across the northern Sierra didn’t produce much rain, instead whipping up …

Insurtech VOOM, Markel Offering Mileage-Based Motorcycle Insurance

Mobility insurtech VOOM and specialty insurer Markel have teamed up to launch a per-mile insurance offering for motorcycles in select states. VOOM will distribute the per-mile product both directly to riders and through select partners while Markel will provide underwriting …

People Moves: Chubb’s Kocsondy Joins Beazley Cyber; Ames & Gough Adds Martin; WTW’s Kinzer Moves to Zurich Construction; AXA XL Adds 4 to Pollution Team

Beazley Appoints Chubb’s Kocsondy as U.S. Cyber & Tech Chief Specialist insurer Beazley has appointed Patricia Kocsondy as head of U.S. Cyber & Tech. Kocsondy, an experienced cyber underwriter and manager, comes from Chubb, where she served as senior vice …

Massachusetts Woman Arrested for Workers’ Compensation Benefits Fraud

A Norwood, Massachusetts, woman was arrested in connection with fraudulently receiving federal workers’ compensation benefits and disability benefits from the Social Security Administration (SSA). Karen Nolan was indicted on two counts of theft of public funds and two counts of …

10th Tornado Confirmed in July Pennsylvania, New Jersey Storms

The National Weather Service has confirmed a 10th tornado that struck during storms last month in Pennsylvania and New Jersey. Forecasters in Mount Holly, New Jersey, said Sunday that the EF-0 tornado struck July 29 in a remote area of …

People Moves: RT Specialty’s Burrows, API’s Gorman Promoted; New Hire at Concord Specialty

RT Specialty Promotes Burrows to Senior Account Manager RT Specialty has promoted Stacy Burrows to senior account manager within its environmental and construction professional (ECP) practice. She is based at RT ECP’s Hamilton, New Jersey, offices. Since joining the RT …

Agencies Ride Commercial Prices, Reopened Economy to Record Organic Growth

Buoyed by the hard market and rebounding economy, Independent insurance agents and brokers grew overall by 7.1% in the second quarter, surpassing the 6.9% organic growth reported eight years ago in the second quarter of 2013. Commercial lines posted an …