American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well as flood coverage, had its Demotech rating withdrawn and was downgraded by AM Best. Demotech announced March 5 that it had withdrawn American …
Wildfires have burned more than 2,300 acres of land across Alabama in recent days, forestry officials said Monday as firefighters battled two dozen blazes statewide. Fire charred 560 acres in St. Clair County, and two 400-acre fires burned in Cullman …
Louisiana insurance regulators have approved rate and form filings for Farmers Insurance in advance of California-based insurer’s re-entry into the Louisiana market. The Louisiana Department of Insurance reported that Farmers is returning to the Louisiana market in March with auto, …
Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency Inc. (InSource), in San Antonio, and Shepard Insurance Agency (Shepard), headquartered in McAllen. InSource and Shepard provide commercial and personal …
National Interstate Insurance Co. (National Interstate), based in Richfield, Ohio, has promoted Shawn Los to executive vice president. Los will assume responsibility for National Interstate’s Truck, Passenger Transportation and National Accounts Divisions, while continuing to lead the Specialty Division. He …
A man accusing of lying to investigators about the 2014 death of an oilfield worker in North Dakota pleaded guilty on March 8 in federal court. Stephan Reisinger, 50, of Kalispell, Montana, is charged with obstructing an Occupational Safety and …
Aon’s first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were on average three new E&O cyber matters per business day in 2020, a whopping 100 percent increase from 2019, and most …
Leo Carney worries that bigger crowds and mask-less diners could endanger workers at the Biloxi, Mississippi, seafood restaurant where he manages the kitchen. Maribel Cornejo, who earns $9.85 an hour as a McDonald’s cook in Houston, can’t afford to get …
The California Labor Commissioner’s Office has cited Green Messengers Inc. and Amazon.com Services $6.4 million for wage theft violations affecting 718 workers. The Santa Ana-based contractor delivered packages for Amazon.com Services in Los Angeles, Orange and San Bernardino counties. The …
Crest Insurance Group LLC of Scottsdale, Ariz. has added Shawn Byrne and his team as part of an acquisition of SGB Ltd. Byrne founded his own agency, Creative Benefit Concepts in 1985, an had it for 28 years prior to …
