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

People Moves: C3 in California Launches Construction Division with Heidemann, Hallett, Porlas, Shea

C3 Risk & Insurance Services in San Diego, Calif. hired four insurance industry veterans to establish new construction and surety divisions. The new team members to the construction and surety divisions are: Paul Heidemann, managing director. Heidemann has more than …

Couple Files Lawsuit Over Shooting of Dog That Ran at Colorado Officer

A couple whose young dog was shot by a police officer in a northern Colorado city has filed a lawsuit accusing the officer’s supervisors of covering up what happened and claiming that the city has fostered a culture that encourages …

Higher Rebuilding Prices Expected to Boost Hurricane Ida’s Insurance Costs

Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of pandemic pricing that has pushed up the cost of lumber and labor to rebuild, insurance experts …

Japan Sees a Future in Crewless Cargo Ships as First Autonomous Trial Voyage Nears

In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be piloting themselves. That’s the ambitious goal of the Nippon Foundation, a public-interest organization backing the country’s development of ocean-traversing autonomous ships. It aims …

Parents File Suit for Children Injured on Washington Tilt-A-Whirl Ride

The families of children who were injured on the Tilt-A-Whirl at the Kitsap County Fair in Washington in 2018 are suing the owner of the amusement company that operated the ride at the fair’s carnival and its manufacturer. The lawsuit …

California Agent Arrested, Charged with Theft of More than $1M

A Camarillo, California, insurance agent was arrested on Aug. 26 and charged with allegedly stealing more than $1 million from clients, according to the Ventura County District Attorney’s Office. Steven Franklin Gordon was arrested and charged with multiple theft crimes …

Align Acquires Atlanta-Based Underwriting Manager NBIS

Align Financial Holdings, LLC (“Align”), a general agency and specialist program underwriting manager announced that it has acquired Atlanta-based NationsBuilders Insurance Services, Inc. (“NBIS”), an underwriting manager specializing in providing risk management, underwriting and claims handling expertise to the crane …

Analysis: As Ida Strikes, Louisiana Still Waiting for Aid a Year After Laura

A powerful Hurricane Ida struck Louisiana on Aug. 29, but an equally powerful Hurricane Laura wrecked southwest Louisiana a year ago, leaving marks of devastation that remain evident today in blue-tarped roofs, damaged homes and boarded-up businesses that still dot …

New Law Impacts Missouri Insurance Producers, Insurers

A new Missouri law that went into effect on Aug. 28 revises provisions for producer license renewals and provides opportunities toward continuing education credits for insurance professionals. It also enacts several regulatory changes affecting reinsurance, refusals to write auto insurance, …

Chinese Regulators Seek More Control Over Internet Firms’ Algorithms

Chinese regulators will exercise greater control over the algorithms used by Chinese technology firms to personalize and recommend content, the latest move in a regulation spree across the internet sector. China’s internet watchdog, the Cyberspace Administration of China, on Friday …