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Iowa AG: Consumer Complaints UP 24.4% in 2020

The coronavirus pandemic and the derecho windstorm helped to boost the number of consumer complaints filed with the state attorney general’s office last year. Scammers took advantage of a confusing and chaotic 2020, as complaints to the Iowa Attorney General’s …

What Biden’s First Year Might Mean for Job Creation

Joe Biden’s first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the coronavirus vaccine rollout allows Americans to emerge from a year in hiding. It may …

Bluefire Now Offering Auto Insurance in Illinois

Automobile insurance provider, Bluefire Insurance, has expanded its presence into Illinois. With the addition of Illinois, Bluefire, an Irving, Texas-based managing general agency, now offers coverage in eight states, with more states to be added in the coming months, the …

Cost of Laura, Delta, Zeta Insurance Claims Up to $7.7B in Louisiana

Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from Hurricanes Laura, Delta and Zeta, the state insurance department reported. This data represents the first …

Seattle OKs Virus ‘Hazard Pay’ for Grocery Workers

Seattle has joined other cities in approving extra pay for grocery store workers during the COVID-19 pandemic. The City Council on this week approved legislation requiring large groceries to pay an extra $4 an hour in hazard pay. The Seattle …

World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate

European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the chief executive of German insurer Allianz said on Wednesday. “Today, the regulatory framework we have in Europe has actually disincentivised …

Utility Paying $2B Settlement in Deadly 2018 California Fire

Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced this week. Edison, which acknowledged no wrongdoing, said the agreement covers all claims in pending …

Investor Sues Drugmaker Astrazeneca Over Coronavirus Vaccine Testing Claims

AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws in the company’s testing of its coronavirus vaccine. For much of last year, the Cambridge, England-based pharmaceutical company was touting …

Parents of Maryland Teen Who Died in Class File Lawsuit

The parents of an autistic Maryland teenager who died in class after choking on a glove have filed a lawsuit against school officials, saying negligence led to their son’s death. Bryan and Tanya Levy, the parents of 17-year-old Bowen Levy, …

Beacon Mutual Names Hanover’s Tumeinski as Chief Financial Officer

The Beacon Mutual Insurance Company has named Gregg Tumeinski as chief financial officer (CFO). Tumeinski will succeed Cynthia Lawlor, who is retiring after more than 28 years at the Rhode Island workers’ compensation insurer. As CFO at Beacon, Tumeinski will …

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