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News – Insurance Journal
World Insurance Associates Acquires Connecticut’s Flanagan Associates
World Insurance Associates LLC (WIA) has acquired Flanagan Associates LLC of North Haven, Conn., on November 1, 2020. Terms of the transaction were not disclosed. Established more than 30 years ago, Flanagan Associates has more than three decades of experience …
POSTED DECEMBER 01, 2020 11:00 AM |
University of Vermont Medical Center Continuing Cyber Attack Recovery
The University of Vermont Medical Center is continuing to recover from the cyber attack late last month that crippled access to electronic records at the Burlington hospital. On Tuesday, the hospital said it had successfully restored access to its main …
POSTED DECEMBER 01, 2020 11:00 AM |
D.C. Postpones All P/C Insurance Rate Increases During COVID Crisis
The Washington D.C. Department of Insurance, Securities and Banking (DISB) issued a new insurance bulletin to notify all property and casualty insurers that for the duration of the coronavirus pandemic, all filed rate increases will be postponed, effective immediately. The …
POSTED DECEMBER 01, 2020 11:00 AM |
Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity
U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said. Insurers are meeting company officials to examine …
POSTED DECEMBER 01, 2020 6:00 AM |
Hyundai, Kia To Pay $210 Million U.S. Penalty for Failure to Recall Autos
Hyundai Motor Co. and Kia Motors’ U.S. units on Friday agreed to a record $210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million vehicles for engine issues in a timely fashion. The U.S. …
POSTED DECEMBER 01, 2020 6:00 AM |
Liquidation Requested for Texas Nonstandard Auto Insurer, ACCC
An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. With the agreement of its board of directors, ACCC Insurance Co. was placed into …
POSTED DECEMBER 01, 2020 |
No Increase in Average Washington Workers’ Comp in 2021
For the first time in two decades, Washington workers’ compensation rates have dropped or stayed steady for four years in a row. The state Department of Labor & Industries on Monday announced there will be no increase for the average …
POSTED NOVEMBER 30, 2020 9:48 PM |
Marsh Names Aons’ Quinteros to Lead Construction Practice in Los Angeles
Marsh has named Carlos Quinteros to lead its construction center in Los Angeles, Calif. Quinteros is responsible for delivering transactional and advisory services to construction clients throughout Southern California. Quinteros joins Marsh from Aon, where he spent the last 27 …
POSTED NOVEMBER 30, 2020 9:29 PM |
Thanksgiving Fire Engulfs Florida Shopping Center
State fire marshals are investigating a suspicious fire that engulfed a shopping center early Thanksgiving morning. The fire at the Village Plaza shopping center in Daytona Beach broke out at about 4 a.m. Thursday and spread into several units, according …
POSTED NOVEMBER 30, 2020 5:58 PM |
$17M Award for Woman Injured at Walmart OK’d by W. Virginia High Court
The West Virginia Supreme Court has affirmed a jury verdict of nearly $17 million for a woman who was injured when Walmart staffers tried to detain a shoplifter. The court rejected the retail giant’s appeal on Nov. 19. A lawyer …
POSTED NOVEMBER 30, 2020 5:54 PM |
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