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Viewpoint: Insurance Denials, Proposed Legislation Raise Concerns

The arrival and spread of COVID-19 has had significant and far-reaching social and economic impacts upon individuals and businesses throughout the United States. In an effort to curtail the spread of the virus, local and state authorities across the country …

Texas Regulatory Commission Says it Won’t Cut Oil Production

After overseeing the state’s energy sector through one of Texas’ largest oil booms in recent years, the Texas Railroad Commission has suddenly found itself in the middle of two global crises that have delivered devastating reversals of fortune to the …

At Least 116 Oklahoma Meat Plant Workers, 240 in Texas Test Positive for Virus

At least 116 employees at an Oklahoma pork processing plant have tested positive for coronavirus, Seaboard Foods spokesman David Eahart said in a statement on May 4. Meanwhile, a surge of coronavirus cases in the Texas Panhandle, a crucial region …

Goodreau Joins Michigan’s High Street Insurance as Managing Partner, COO

Traverse City, Michigan-based insurance brokerage, High Street Insurance Partners (HSIP), has added Scott Goodreau as managing partner and chief operating officer. Goodreau, who joined the company in April, brings nearly two decades of insurance executive leadership experience to HSIP. Most …

Allstate Credits Risk Management During Q1; Eyes Second Coronavirus Driver Refund

Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of 47%, thanks to higher underwriting income and lower catastrophe costs, compared with the quarter one year ago. The highlights for …

LP Insurance Services Adds Woodbury to Nevada Commercial Team

LP Insurance Services LLC has added Ben Woodbury to the southern Nevada commercial sales team. Woodbury has been a licensed commercial insurance broker for nearly 20 years. He works with clients throughout Nevada to provide insurance solutions and risk mitigation …

Court Tosses $47M Arizona Lawsuit in Cross-Median Crash

A state appellate court has overturned rulings by a trial court and dismissed a lawsuit stemming from a cross-median crash that killed two women on Interstate 10 in southern Arizona in 2008. The Arizona Court of Appeals ruled last week …

California Lawsuit Alleges 2 Companies Inflated Gas Prices

California sued two multinational gasoline trading companies Monday, alleging they ran a scheme that jacked up prices at the pump from 2015 to late 2016. Democratic Attorney General Xavier Becerra said the companies took advantage of market volatility following a …

AXIS Gets AM Best Ratings Downgrade on ‘Deterioration’ of Operating Performance

AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its Financial Strength Rating downgraded to A (Excellent) from A+ (Superior) and its Long-Term Issuer Credit Ratings have been downgraded to …

Meat Workers Taking Leave, Quitting as Plants Reopen Amid Coronavirus Scare

America’s meat-processing plants are starting to reopen but not all workers are showing up. Some still fear they’ll get sick after coronavirus outbreaks shut more than a dozen facilities last month. Employees are taking leave, paid and unpaid — or …

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