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

Report: California Workers’ Comp Covid Claim Volume Trending Down After Summer Surge

The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have run its course, according to the California Workers’ Compensation Institute. A CWCI analysis released on Tuesday shows the number of …

JPMorgan Beats Insurers in Appeal Over $140M Bear Stearns Settlement

New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos. over improper mutual fund trading. Reversing …

Judge Strikes Florida Tribe’s Plan for Casinos, Sports Betting

A federal judge has struck down a plan to give the Seminole Tribe of Florida a monopoly on sports betting and to expand two of the tribe’s hotels into Las Vegas-style casinos. The ruling by U.S. District Judge Dabney Friedrich …

People Moves: Mosaic Launches London M&A Team, Hiring From Liberty Mutual, AIG; BHSI Promotes 2 in UK; Marsh’s Dubreuil to MGA Alta Signa in Brussels

This edition of International People Moves details appointments at Mosaic Insurance, Berkshire Hathaway Specialty Insurance and MGA Alta Signa Europe. A summary of these new hires follows here. Mosaic Launches London M&A Team With Hires from Liberty Mutual, AIG Mosaic …

Five ways to help small businesses get ahead of holiday risks

This post is part of a series sponsored by The Hanover Insurance Group. The holiday season has arrived, which, among other things, means greater risks for small businesses as they prepare for a boost in sales, beginning with Small Business …

Managing Broker Relationships for Carriers and MGAs/MGUs

This post is part of a series sponsored by AgentSync. The sales role is the lifeblood of insurance, and with a complex pipeline of agencies, agents, brokers, etc., carriers and MGAs can understandably be confused by how to manage these …

U.S. Asks Appeals Court to Lift Stay on COVID Vaccine Mandate or Allow Mask Rule

The U.S. government asked a federal appeals court to immediately lift a court-ordered stay on a sweeping workplace COVID-19 vaccine rule to avoid “enormous” harm to public health, or alternatively to allow a masking-and-testing requirement, according to a court filing. …

Guy Carpenter and Marsh to Combine South Africa Facultative Reinsurance Businesses

Reinsurance broker Guy Carpenter and insurance broker Marsh, both businesses of Marsh McLennan, said they are combining their South Africa facultative reinsurance operations into a single business, effective Jan. 1, 2022. The new unit will operate under the Guy Carpenter …

Reliance Expands Auto Quote Platform to Tennessee

Reliance Global Group, which utilizes artificial intelligence and data mining to assist agents in writing auto insurance policies, announced it has launched 5MinuteInsure.com in Tennessee, its fifth new state in recent months. The web-based platform is designed to provide consumers …

Guyana Weighs Raising Requirements for Insurance Cover for Oil Spills: Official

Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance, a type of insurance, …