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News – Insurance Journal
California Alerts Residents in Burn Areas About Flood And Mudslide Coverage
California Insurance Commissioner Ricardo Lara is alerting residents to review their current insurance policies in the midst of a forecast of winter weather bringing the possibility of floods, mudslides, debris flows, and other disasters to recent wildfire burn areas throughout …
POSTED JANUARY 26, 2021 7:37 PM |
Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida
The St. Joe Company, a Northwest Florida-based real estate developer and asset manager, has formed Watersound Insurance Agency, LLC, a new venture offering personal and commercial insurance services in Northwest Florida. St. Joe has entered into a co-broker agreement with …
POSTED JANUARY 26, 2021 5:54 PM |
FEMA OKs More than $1B for Hurricanes Delta, Laura Recovery in Louisiana
FEMA has approved more than $1 billion in federal disaster assistance, long-term disaster loans and flood insurance claims since Hurricanes Laura and Delta hit the state in 2020. Laura made landfall in Louisiana in late August 2020 and Delta in …
POSTED JANUARY 26, 2021 5:45 PM |
Brown & Brown Revenues, Profit Jump in Q4
Insurance agency Brown & Brown reported revenues for the fourth quarter of 2020 of $642.1 million, a jump of 10.9% or $63.1 million compared to the fourth quarter of 2019. Agency commissions and fees increased in the quarter by 10.9% …
POSTED JANUARY 26, 2021 5:43 PM |
Georgia Spending $200K a Year on Indicted Insurance Chief
Georgia taxpayers are spending nearly $200,000 a year in salary and benefits for an insurance commissioner who’s been suspended for nearly two years. When Insurance Commissioner John King presented his budget to lawmakers last week, it included $194,899 for “one-time …
POSTED JANUARY 26, 2021 5:39 PM |
Houston’s Skyward Specialty Names Burkhart President of Specialty Lines
Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has appointed John Burkhart president of specialty lines with oversight of Executive and Professional Liability, Healthcare Professional Liability, Surety, E&S and the A&H businesses. Burkhart brings 28 years of experience and has …
POSTED JANUARY 26, 2021 5:38 PM |
Judge Strikes Down North Dakota ‘Pore Space’ Law Backed by Oil, Gas Group
A judge has struck down a North Dakota’s law that landowners say takes away their property rights. The so-called pore space law passed the Legislature in 2019 after supporters sought clarification on the use of cavities in rock or soil. …
POSTED JANUARY 26, 2021 5:35 PM |
Ratings of Ohio’s Wayne Mutual Insurance Upgraded
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Wayne Mutual Insurance Co. (Wayne Mutual) in Wooster, Ohio. The outlook of these ratings has …
POSTED JANUARY 26, 2021 5:32 PM |
Survey Shows Gains in Rural Economy of Midwest, West States
The rural economy in parts of 10 Plains and Western states continues to grow, but rural bank CEOs say their biggest fears for the 2021 economy are excessive inflation and higher long-term interest rates, according to a new monthly survey …
POSTED JANUARY 26, 2021 5:24 PM |
Montana Virus Liability Bill Advancing Through Legislature
A bill that would protect businesses and health care providers from coronavirus-related lawsuits is advancing quickly through the Montana Legislature, after the state’s Republican governor said the measure was necessary to remove a statewide mask mandate put in place by …
POSTED JANUARY 26, 2021 3:40 PM |
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