March 27, 2020
World Insurance Associates LLC (WIA), based in Tinton Falls, New Jersey, has acquired TAB Insurance Agency LLC of Frisco, Texas. Terms of the transaction were not disclosed. TAB Insurance Agency a full service, independent insurance agency that offers both personal …
March 27, 2020
President Donald Trump declared Florida a disaster area Wednesday because of the new coronavirus outbreak, while another of the state’s largest metropolitan areas moved toward a near-shutdown. The president acted a day after Gov. Ron DeSantis requested the declaration, becoming …
March 27, 2020
The city of Ferguson, Missouri, has agreed to a $1.7 million settlement of a class-action lawsuit that accused its municipal court of charging illegal court fees, attorneys involved in the case said. A judge on March 24 approved a preliminary …
March 27, 2020
The Ohio Bureau of Workers’ Compensation (BWC), the exclusive provider of workers’ compensation insurance in the state, is allowing insurance premium installment payments due for March, April, and May to be deferred until June 1. The BWC serves 249,000 public …
March 27, 2020
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of McMillan Warner Mutual Insurance Co. (MWM) in Marshfield, Wisconsin The Credit Ratings …
March 27, 2020
Technical issues made it difficult to get information about a tsunami watch for Hawaii and its subsequent cancellation, the National Weather Service said Wednesday. The brief tsunami watch was canceled Tuesday after a 7.5 magnitude earthquake struck in the northern …
March 27, 2020
The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric’s $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time the beleaguered company emerges from bankruptcy. A …
March 27, 2020
California Insurance Commissioner Ricardo Lara has directed insurance companies to submit data to the California Department of Insurance regarding coverage of commercial business interruption related to COVID-19. It is hoped the data will help state policymakers understand the scope of …
March 27, 2020
Chubb confirmed that is looking into a possible hack attack, though a spokesperson said the insurance giant’s network appears at this point to be unaffected. “We are currently investigating a computer security incident that may involve unauthorized access to data …
March 27, 2020
The Federal Aviation Administration revoked a foundation’s permission to carry passengers aboard its World War II-era planes after a deadly crash in October. The agency cited safety concerns in its decision to prohibit the Collings Foundation from chartering its historic …