News Center
News – Insurance Journal
California Supreme Court Ruling Will Enable Montrose to Tap Excess Policies
A decision this week by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked. The decision was handed down on April. 6 in Montrose …
POSTED APRIL 07, 2020 8:38 PM |
Texas Windstorm Insurer Lowers Initial Premium Amount Due; Extends Payment Deadline
Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the remaining premium. The …
POSTED APRIL 07, 2020 4:49 PM |
Fire Near Florida Airport Burns 3,500 Rental Cars
More than 3,500 rental cars were damaged or destroyed in a fire that burned near a Florida airport before being contained late Friday night. The Fort Myers News-Press reports the cars were in a grassy area used as an overflow …
POSTED APRIL 07, 2020 4:41 PM |
Oklahoma House OKs New Powers for Governor Amid COVID-19 Pandemic
The Oklahoma House has granted sweeping new powers to the governor to respond to the deadly coronavirus outbreak. The House met in special session and approved the resolution under the never-before-used Catastrophic Health Emergency Act, which gives Gov. Kevin Stitt …
POSTED APRIL 07, 2020 4:35 PM |
Minnesota Lawmakers to Ensure Workers’ Comp Coverage to Responders with COVID-19
The Minnesota Legislature is reconvening to pass a bill to ensure that first responders and health care workers who contract COVID-19 qualify for workers’ compensation without having to prove that they contracted the disease on the job. Legislative leaders announced …
POSTED APRIL 07, 2020 4:26 PM |
Venture Underwriters Hires Barrow in Chicago, Expanding Underwriting Team
Venture Underwriters Inc., a division of Allstar Financial Group, has expanded its Chicago underwriting team to include commercial underwriting veteran Chris Barrow. Barrow joins Chicago office as vice president specializing in commercial general liability. The office will be relocating to …
POSTED APRIL 07, 2020 4:23 PM |
Marsh Names Rahr in Chicago as Global Leader of Multinational Client Service
Insurance broker and risk advisor, Marsh, has appointed David Rahr as global leader, Multinational Client Service. Based in Chicago, he will report to Flavio Piccolomini, president, Marsh International, and Martin South, president, US and Canada. In this role, effective April …
POSTED APRIL 07, 2020 4:22 PM |
Texas Mutual to Distribute $330M in Policyholder Dividends Two Months Early
Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months early than scheduled. The company has historically paid dividends in June, and in response to the coronavirus pandemic, saw an …
POSTED APRIL 07, 2020 4:21 PM |
Aspen Re Names Axis Re’s Kreuzer Senior Managing Director for Americas
Scott Kreuzer has been appointed senior managing director, Americas, at Aspen Re, effective May 4, 2020. Kreuzer joins Aspen Re from Axis Reinsurance where he has served as senior vice president, head of Casualty North America, since August 2018. He …
POSTED APRIL 07, 2020 4:16 PM |
States Need Data on Medical Workers’ Coronavirus Status
Experts and health officials who are trying to plan a response to the coronavirus outbreak are missing a critical piece of information — the number of health care workers who have tested positive for the disease. Washington state faced the …
POSTED APRIL 07, 2020 4:07 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Five County Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|