Monthly Archives: <span>May 2019</span>

Arrest Made in Arson Fires to Homes Owned by South Carolina Gov

A 21-year-old man has been charged with intentionally setting a fire that damaged two Columbia rental properties owned by South Carolina Gov. Henry McMaster, causing hundreds of thousands of dollars in damage. Frank John Wilberding was arrested Tuesday and charged …

California’s New Climate and Sustainability Chief in Talks with Insurers

Michael Peterson has had about five months to come in and tackle what promises to be unique job. Peterson is California’s deputy commissioner for climate and sustainability. After California Insurance Commissioner Ricardo Lara named Peterson to the newly created job …

California Agent Allegedly Steals $65K from Small Business Owners

California Insurance agent Francis Okyere, 67, self-surrendered this week at the Los Angeles County Superior Court after being charged with four felony counts of grand theft. The charges arose from an investigation by the California Department of Insurance’s investigation division …

Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23

The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. “This acquisition is a significant milestone for our company and accelerates the achievement of key strategic objectives. We …

Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh

Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh. This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in its Global Insurance Market Index for the first quarter …

A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed

Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the program isn’t renewed by the end of 2020, ratings firm A.M. Best has warned. A.M. Best said that the Terrorism …

Musk Battles Defamation by Tweet Claim Brought by British Diver

A British diver who is suing Tesla CEO Elon Musk for defamation can’t recover damages because the diver allegedly started the spat and his reputation hasn’t been harmed, a new attorney for Musk says in a court filing. Vernon Unsworth …

Colorado Begins Work on New Safety-Focused Oil and Gas Rules

Colorado oil and gas regulators are outlining some of their first planned rule changes under a new law that makes public safety and the environment their top priorities. The Oil and Gas Conservation Commission will meet with industry representatives and …

California Dioceses Creating Abuse Compensation Program

Six Roman Catholic dioceses in California are creating a program to compensate people who were sexually abused by priests as children, in return for them promising not to sue. The program announced Tuesday includes the Archdiocese of Los Angeles and …

A.I.M. Mutual Expands Workers’ Comp Coverage to Maine

After 30 years as a workers’ compensation insurance carrier in New England, A.I.M. Mutual has announced its expansion of coverage to Maine. Already serving Massachusetts, New Hampshire, Vermont and Connecticut, this move for 2019 extends A.I.M. Mutual’s operational territory across …