Monthly Archives: <span>April 2022</span>

Arizona Auto Insurance Rates Rising on Heels of COVID

As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and more crowded roads push premium rates higher. After giving customers premium credits and refunds in 2020 as …

Pinnacol Distributes $50M in Dividends to 51K Colorado Companies

Pinnacol Assurance is distributing general dividend checks to its customers totaling $50 million. Pinnacol has also lowered premium rates by an average of 11%. This is the seventh consecutive year of general dividend distributions. Nearly 95% of Pinnacol’s policyholders are …

Former Licensed California Agent Faces Insurance Fraud Charges

A former licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned commissions. The California Department of Insurance began an …

Amazon Cited for Unsafe Work Practices at Washington Fulfillment Center

Amazon is facing a willful serious violation and a $60,000 fine for knowingly putting workers at risk of injury at its fulfillment center in Kent, Washington. A Washington Department of Labor & Industries inspection at the e-commerce giant reportedly found …

Russian Invasion of Ukraine, Cyber Attacks and War Exclusions in P/C Policies

The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses in Ukraine and beyond. Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other nations. The most prominent of these was the …

Employment Practices Liability Rates

Even with all of the change and disruption, employment practices liability insurance market experts say the market is competitive and poised for moderation in rates throughout 2022. For employment practices liability insurance, some buyers — those without poor claims history …

10 Questions to Ask When Conducting a Reference Check

An efficient process is essential to successful recruiting in today’s job market. Any part of your process that creates delays chips away at your ability to compete for top talent. Reference checking is one area where a lot of insurance …

Toxic Culture

Many of today’s employees are enjoying the continued perks of remote and hybrid work. And while some employers are gearing up to cutback on remote work, they may want to reconsider. Not only does remote and hybrid work give employees …

People & Places

National Berkshire Hathaway Specialty Insurance (BHSI) announced Sanjay Godhwani has been named president, North America region, and David Bresnahan is taking on the role of global chief operating officer. Godhwani is responsible for all North America region underwriting and underwriting …

Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential

Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries, and it urges the insurance industry to reevaluate exposures. Russia’s invasion of Ukraine “will undoubtedly push the boundaries of acceptable …