Daily Archives: <span>December 15, 2020</span>

Iowa Insurance Agent Fined $18K, Loses License Over Fraudulent, Dishonest Practices

An Iowa insurance agent has been ordered to pay $18,000 in civil penalties and relinquish her producer’s license over fraudulent and dishonest business practices, regulators say. The Iowa Insurance Division cited Brenda Murray of Garnavillo, Iowa, for fraudulent and dishonest …

Indiana School District Pay $70K to Resolve Disability, Age Discrimination Case

An Indiana school district will pay up to $70,000 and furnish other relief to resolve a federal disability and age discrimination charge, according to the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC said an investigation found reasonable cause to …

Wright National Launches Admitted Residential Flood Insurance Product in Texas

Wright National Flood Insurance Services has introduced an exclusive, admitted, stand-alone flood product in Texas: Wright Residential Private Flood Insurance. The product, which became available on Dec. 14, will be sold exclusively by Wright’s partner agents. The company said it …

Voter-Approved Mississippi Medical Marijuana Program Threatened by Lawsuit

A court fight threatens to block a Mississippi medical marijuana program before the program even gets started. Voters on Nov. 3 approved a medical marijuana initiative by a wide margin – about 58%, according to certified results. The initiative amends …

New MGA Seeks To Streamline Professional Liability Coverage

ProFinity Insurance Services to offer wholesale solution for design, engineering, construction and manufacturing LOS ANGELES, Dec. 14, 2020 – ProFinity Insurance Services, a specialty MGA focused on the design, engineering, construction and manufacturing industries, recently opened its doors to wholesale …

Oregon Wildfire Hazardous Waste Cleanup Complete

The Environmental Protection Agency said it has completed the cleanup of household hazardous waste from properties burned in Oregon wildfires. The September fires led to an initial EPA response in Jackson County, which quickly expanded to Clackamas, Douglas, Klamath, Lane, …

RMS Says Insured Losses from 2020 Western U.S. Wildfires $7-$13B

RMS estimates insured losses from the record-breaking western U.S. wildfires this season will be between $7 and $13 billion. These losses reflect estimates as of Dec. 1. The ignition of the highly damaging Glass Fire and additional spread of the …

District Attorney Questions Deutsche Bank, Aon Employees Over Trump Organization

Prosecutors from the office of Manhattan District Attorney Cyrus Vance Jr. have interviewed employees of Deutsche Bank and insurance broker Aon as part of their investigation of the Trump Organization, according to people familiar with the matter. The interviews, which …

FDA Appears Close to Approving ‘Highly Effective’ Moderna COVID-19 Vaccine

Moderna Inc.’s COVID-19 vaccine appeared to be set for regulatory authorization this week after U.S. Food and Drug Administration staff members did not raise any major new concerns about it in documents released on Tuesday. The FDA reviewers said a …

Vermont Hospital Cyber Attack Cost Estimated at $1.5M a Day

A late October cyber attack on the computer systems of the University of Vermont Medical Center is costing the hospital about $1.5 million a day in lost revenue and recovery costs, its CEO said. The Oct. 28 attack crippled the …