Iowa-based electric utility MidAmerican Energy has idled nearly four dozen power-generating wind turbines after huge blades broke off of two turbines in recent weeks. MidAmerican has paused the use of 46 turbines it has identified as having similar blades, which …
A photographer is suing the owners and handlers of the University of Texas’ live mascot for negligence, saying he suffered permanent neck and back injuries when the longhorn steer charged out of its pen and plowed into several people at …
George Daly with The Horton Group in Orland Park, Ill., has been elected president of the Independent Insurance Agents of Illinois (IIA of IL). Daly’s term runs until Sept. 30, 2021. As president, Daly will serve as a member of …
Insurance broker Marsh announced that Eddie Albers has joined the firm to lead its U.S. Life Sciences practice. As the leader of Marsh’s U.S. Life Science Practice, Albers will play a key role in assisting life sciences companies as they …
Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer experience and deliver higher higher quality claims service. According to the J.D. Power 2020 U.S. Auto Claims Satisfaction Study, a 22% …
PartnerRe Ltd. announced that Andrew Hughes will join PartnerRe in the new role of CEO, Third Party Capital, subject to immigration approval. Hughes will be responsible for further developing and growing PartnerRe’s third-party capital initiatives. He will be based in …
Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing general agencies and program administrators. Bill It Now offers payment plan management and policy premium issuance, as well as multi-channel payment …
Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by estimated losses of $71 million related to various natural catastrophe events and the continued impact of the COVID-19 pandemic. The …
PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the utility’s program of trimming trees and vegetation that pose a threat of igniting devastating blazes in California. Among the court-appointed compliance monitor’s …
AM Best said its estimates of $100 billion in asbestos losses and $46 billion in environmental losses for the U.S. property/casualty industry remain unchanged as of year-end 2019. In a report, AM Best notes that A&E loss reserves have declined …
