Monthly Archives: <span>October 2021</span>

AM Best Upgrades Credit Ratings for Members of Columbia Lloyds Companies – Columbia Lloyds Insurance Company and MDOW Insurance Company

HOUSTON, TX (October 27, 2021) – AM Best has upgraded the Financial Strength Rating of Columbia Lloyds Insurance Company and MDOW Insurance Company to A- Excellent with a Stable Outlook. “The ratings reflect [the Companies’] balance sheet strength, which AM …

People Moves: J.M. Wilson Adds Hotrum; Omaha National Names Four to Board of Directors

J.M. Wilson hires Hotrum as assistant brokerage underwriter J.M. Wilson has hired Amy Hotrum as assistant brokerage underwriter in their Portage, Michigan office. Hotrum is responsible for assisting underwriters with a wide variety of new and renewal brokerage risks, as …

Study: Indiana Workers’ Comp Average Medical Claims Higher than Most States

A recently published study from the Workers Compensation Research Institute found that the average medical payment for Indiana workers’ compensation claims with more than seven days of lost time was higher than the typical state. The study, CompScope™ Medical Benchmarks …

Arthur J. Gallagher Acquires Illinois’ The VanDyke Group

Arthur J. Gallagher & Co. has acquired Homer Glen, Illinois-based The VanDyke Group, Inc. Terms of the transaction were not disclosed. Founded in 1984, The VanDyke Group offers employee benefits consulting and HR solutions, as well as commercial and personal …

Residents in 8 Mississippi Counties Can Now Try for FEMA Aid for Ida

Mississippi’s governor says residents in eight counties can now apply for federal help with Hurricane Ida expenses, and 19 counties can get public aid. Approval for help through the Federal Emergency Management Agency means “Mississippians will have access to the …

Big Tech Data Centers Generate Concern Over Scarce Western Water

Conflicts over water are as old as history itself, but the massive Google data centers on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern. Now a critical part of modern computing, data …

Pair of Earthquakes Confirmed on California’s Central Coast

A pair of earthquakes rattled California’s central coast late Monday afternoon, the U.S. Geological Survey confirmed. A magnitude 4.7 quake hit at 4:42 p.m., centered about 11 miles northwest of San Simeon, according to. At 4:49 p.m., a 3.6 magnitude …

Peak6 to Acquire Rapidly Expanding We Insure

Peak6 InsurTech has signed an agreement to acquire Jacksonville-based We Insure Inc., an independent insurance franchise company that has been rapidly expanding in recent years. “Upon closing, our franchise owners will be able to leverage PEAK6 InsurTech’s advanced technology, niche …

Chubb Sees Profit Jump on Premium Growth, Underwriting Income

Global insurer Chubb’s third quarter net income soared more than 58 percent year-over-year, as premium gains continued their double-digit climb. The insurer’s Q3 net income reached $1.83 billion during the quarter, or $4.18 per share. That compares to just under …

South Carolina Busts Contractors for Tax Evasion, False Insurance Certificates

For three years, undercover investigators watched as construction company owners in South Carolina met with a check-cashing company in parking lots, then walk away with bags of cash and fake insurance certificates, showing laborers were covered by workers’ compensation insurance. …