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

Astroworld Operational Plan had No Mention of Crowd Surge

A 56-page event operations plan for the Astroworld music festival included protocols for dangerous scenarios including an active shooter, bomb or terrorist threats, and severe weather, but it did not include information on what to do in the event of …

Coalition Enters Executive Risk Insurance Market for Small Business

Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North America. Coalition says its broker platform integrates real-time financial, regulatory, and …

TypTap Moves Ahead with IPO, $100 Million Fundraising

TypTap, which describes itself as a technology-driven homeowners’ insurance company in Florida, is moving ahead with plans to raise $100 million for an initial public stock offering. The Tampa-based company, a subsidiary of publicly traded HCI Group, said it had …

Venbrook Acquires Georgia E&S MGA

Venbrook Group, an independent insurance distribution and services firm, has acquired Alpharetta Underwriters, a specialty managing general agent that offers excess and surplus coverage for the construction industry. Alpharetta Underwriters is based in Atlanta, and has years of experience in …

Ye’s Yeezy Paying $950K to Settle California Slow-Shipping Lawsuit

Rapper and fashion mogul Ye’s high-end clothing company Yeezy agreed to pay $950,000 to settle a lawsuit brought by four California district attorneys over slow shipping to customers. The suit brought last month by the district attorneys of Los Angeles, …

Parents in California Sue After Getting Another Couple’s Embryo

Two California couples gave birth to each others’ babies after a mix-up at a fertility clinic and spent months raising children that weren’t theirs before swapping the infants, according to a lawsuit filed in Los Angeles. Daphna Cardinale said she …

California Remembers 3rd Anniversary of Wildfire That Killed 85, Destroyed Thousands of Homes

Gov. Gavin Newsom on Monday marked the third anniversary of California’s deadliest and most destructive wildfire by announcing that nearly 100,000 damaged trees have been removed and debris cleaned up from some 11,000 properties. The Camp Fire that erupted on …

P/C Insurers Turn In Solid First Half Performance

U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic disruption. According to a report from the American …

North Carolina DOI Reaches Settlement on Mobile Home Rate Hikes

The North Carolina Department of Insurance has settled a months-long disagreement with the state’s rating bureau on mobile home insurance rates, resulting in an increase that’s about half of what insurers had wanted. Insurance Commissioner Mike Causey announced this week …

Houston Concert Tragedy Follows Other Major Crowd Disasters Around the World

Fans at a Houston music festival surged toward the stage during a performance by rapper Travis Scott, triggering panic in the crowd and leaving at least eight people dead and many more injured, authorities said. Here’s a look at some …