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

Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P Study

Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Ratings firm S&P Global, which gives countries credit scores …

Qatar Airways Suffers UK Court Setback in Feud With Airbus

LONDON – A British judge on Tuesday denied a bid by Qatar Airways to reinstate a jet contract canceled by Europe’s Airbus in the latest twist to a dramatic feud playing out in UK courts. The companies have been locked …

People Moves: Vantage Adds Lea as Vice President; MJ Insurance Names Gates as IT Project Manager

Vantage Adds Andrew Lea as Senior Vice President Vantage Group Holdings Ltd. has hired Andrew Lea as senior vice president of cyber liability, technology E&O, media and management professional liability insurance. Lea brings underwriting experience from senior-level underwriting roles with …

Blizzard Could Leave North Dakotans Without Power for Days

combination of ugly weather has left at least 19,000 people in western North Dakota facing days without power and thousands of residents along the Red River that separates that state from Minnesota dealing with flash flooding. A blizzard over the …

People Moves: Specialty Comp Insurance Solutions Promotes Math to President; Polak Retiring as TWIA GM

Specialty Comp Insurance Solutions Promotes Steve Math to President & CEO Specialty Comp Insurance Solutions (SCIS), a division of Specialty Program Group, LLC (SPG), promoted Steve Math, FCAS, to president and chief executive officer of SCIS, reporting to Chris Treanor, …

Markets & Coverage: Companies Offer Pre-Paid Rides After Accident

Policyholders with two Florida auto insurers will now be able to catch a pre-paid ride with Uber, Lyft or another ridesharing service after an accident. Continued Mobility, headquartered in Boca Raton, announced that it has teamed up with Pearl Holding …

Supreme Court Lets Virginia School Continue Controversial Admissions Policy

The Supreme Court has turned away a plea from parents to block a new admissions policy at a prestigious high school in northern Virginia that a lower court has found discriminates against Asian American students. The high court did not …

Maryland Officer Won’t Be Prosecuted in Fatal Shooting

A Maryland police lieutenant won’t be prosecuted in the death of a Black man he shot in the back during an exchange of gunfire in October, officials said Monday. The shooting happened about 2 a.m. on Oct. 11 after Baltimore …

Why MGAs Should Proactively Verify Producer Data

This post is part of a series sponsored by AgentSync. Despite common industry misconceptions, managing general agents and underwriters (MGAs and MGUs) are also on the hook in a variety of ways for proactively verifying producer licensure. Insurance carriers are …

California Cites Agencies, Foster Farms $3.8M for COVID-19 Sick Leave Violations

The California Labor Commissioner’s Office cited three temporary staffing agencies as well as joint employers Foster Farms, LLC and Foster Poultry Farms nearly $3.8 million for failure to inform 3,476 temporary workers of their available COVID-19 supplemental paid sick leave. …