April 22, 2020
Mutual Insurance Company of Arizona has declared a special dividend designed to provide economic relief to its members. The company will distribute a $12 million dividend to all members with policies in-force as of April 30. The dividend will be …
April 22, 2020
North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic. The company announced the “Here for You Promise” 20% dividend was approved by its …
April 21, 2020
Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the world’s biggest pork processor, recently announced it …
April 21, 2020
A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The lawsuits, which are class …
April 21, 2020
Alera Group has acquired Barkley Risk Management & Insurance in California. The Barkley team will continue serving clients in their existing roles. Terms of the deal were not disclosed. Barkley serves clients throughout California and the surrounding region, providing safety …
April 21, 2020
Champion Fiberglass Inc. (Champion), a Houston-area manufacturing company, has settled a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) accusing the company of discriminatory hiring practices. The EEOC said under a consent decree entered by U.S. District Judge …
April 21, 2020
Suspected tornadoes killed at least two people as severe weather blasted a wide area across the Deep South, officials said. Jerry Oliver Williams, 61, of Henry County died when the storm struck a rural area about 11:30 p.m. Sunday, Coroner …
April 21, 2020
Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results for the year. The coronavirus pandemic has …
April 21, 2020
The Surplus Lines Stamping Office of Texas (SLTX) reports that a revised complaint notice for surplus lines insurance policies has been adopted by the Texas Department of Insurance (TDI). The revised notice must be implemented no later than May 1, …
April 21, 2020
Valley Insurance Agency Alliance (VIAA), an insurance agency network organization with more than 130 independent insurance agency members in Missouri and Illinois, has created the Insuring Rural Communities Scholarship Initiative to enhance the sustainability of rural community residents through post-secondary …