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Merger Deals Now Include #MeToo Sexual Harassment Clauses

On Wall Street, it’s known as “the Weinstein clause.” Advisers are adding guarantees to certain merger agreements in light of the sexual misconduct scandals that have enveloped the producer Harvey Weinstein and other high-profile businessmen — ones that legally vouch …

Stone Creek in California Names Bornstein Commercial Producer in Washington

Lafayette, Calif- based Stone Creek has named Joe Bornstein a commercial producer in its Spokane, Wash. office. Bornstein’s emphasis will be on small business on the West Coast. Bornstein comes to Stone Creek by from Liberty Mutual. He worked as …

Leavitt Group Acquires ComTech in Utah

Leavitt Group is has acquired majority ownership in ComTech Specialty in St. George, Utah. The combined agency will rebrand as ComTech – Leavitt Group. Leavitt Group is a network of insurance brokers. ComTech Specialty Group was founded by Joe Weipert, …

Fire at Tennessee Apartment Complex Displaces Dozens of Residents

Authorities say a large fire at a Tennessee apartment complex has displaced dozens of residents. No one was injured. News outlets report the fire occurred Sunday morning at the Timberlake Village Apartments in the Antioch neighborhood of Nashville. Part of …

Florida United Businesses Association to Offer Lancer Workers’ Comp Coverage to Members

The Florida United Businesses Association (FUBA) is now offering workers’ compensation coverage to small businesses across the state through Lancer Indemnity Co. of New York. The partnership marks FUBA’s switch from the previous self-insurance model to a fully-insured and non-assessable …

Kentucky Medical Malpractice Panel Backlogged by Hundreds of Claims

A Kentucky panel established to review medical malpractice claims before lawsuits can be filed is severely backlogged. The Courier Journal obtained records through the Kentucky Open Records act that show only 11 percent of 531 claims had been assigned in …

Brightway Marketing Manager Mathewson Opens New Agency in Florida

After four years of building Brightway Insurance into a national brand as the company’s marketing manager, Nassau County resident, Lauren Mathewson, has teamed up with her family to open their own Brightway Agency, Brightway, The Coastal Agency in Yulee, Fla. …

California Commissioner Named Chair of New NAIC Cannabis Committee

The National Association of Insurance Commissioners has named California Insurance Commissioner Dave Jones chair of its new Cannabis Insurance Working Group. Jones proposed that the NAIC establish this working group the NAIC’s Summer National Meeting. The reason for creating the …

Texas Governor Renews Hurricane Harvey Disaster Declaration

Texas Governor Greg Abbott has extended the disaster declaration for 60 counties impacted by Hurricane Harvey last year. Abbott first issued a disaster declaration on Aug. 23, 2017, for Aransas, Austin, Bee, Brazoria, Calhoun, Chambers, Colorado, DeWitt, Fayette, Fort Bend, …

Report Faults Years of Neglect in New Orleans’ 2017 Floods

Outside consultants fault New Orleans officials’ long-term neglect of the city’s failing drainage system for widespread flooding last summer. Through a public records request, The New Orleans Advocate obtained the ABS Group report, a year and a day after a …

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