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

31 October Tornadoes Breaks Oklahoma Monthly Record

A total of 31 tornadoes last month was a record-high for October in Oklahoma dating to 1950, according to the National Weather Service. The previous high for October, the fifth most active month for tornadoes, was 27 in 1998, according …

Chicago Blackhawks Hold Settlement Talks With Former Player’s Attorney

The Chicago Blackhawks held settlement talks Tuesday, Nov. 2 with an attorney for a former player who is suing the team after he accused an assistant coach of sexual assault in 2010 and the team largely ignored the allegations. The …

Insurance Regulators: Mitigation, Solvency Are Keys to Surviving Climate Change

The United States will not be able to insure its way out of coming climate disasters, but must focus on mitigation and resiliency – along with insurer solvency — to reduce risk and exposure, insurance regulators said Wednesday. Insurance commissioners …

Oregon Court Distills the Science of Cannabis to Find Insurance for a CBD Claim

Although the 2018 Farm Bill carved out hemp from the federal Controlled Substances Act, few court rulings have addressed the legal distinction between federally legal hemp and federally illegal cannabis. A new opinion from the District of Oregon (Bogard v. …

Why Compliance as a Services (CaaS) Is the Insurance Industry’s Next Big Breakthrough

This post is part of a series sponsored by AgentSync. If you’ve spent any time in the insurance industry, “compliance” is undoubtedly a word you’ve heard far too often, yet also still feel largely unprepared to handle. Is compliance a …

People Moves: Willis Towers Watson Names Shay Head of Risk & Broking for West; Dietzler Becomes Washington’s Chief Deputy Commissioner

Willis Towers Watson appointed Chuck Shay head of risk & broking for the Western region of North America. Shay has more than 25 years of experience. Shay previously led the Willis Towers Watson FINEX practice in both the Midwest and …

Marsh McLennan Acquires Texas-Based Southwest Truck Insurance Agency

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Southwest Truck Insurance Agency, Inc., an independent agency in Irving, Texas. Terms of the acquisition were not disclosed. Founded in 1986, Southwest Truck Insurance specializes in business insurance solutions for …

Hong Kong Insurer FWD Adds Warnings About China Risks in SEC Filings for IPO

Hong Kong-based insurer FWD Group has told U.S. regulators it cannot guarantee that Beijing would not seek to “intervene or influence” its operations, adding to its list of risk factors as it tries to push ahead with a New York …

CNA Boosts Q3 Profit Despite Catastrophes; Sees ‘Favorable’ 2022 Ahead

Continued rate hikes helped boost CNA Financial’s 2021 third quarter net income, even as the Chicago-based commercial and specialty property/casualty insurer dealt with higher net catastrophe losses and lower net investment income. CNA booked Q3 2021 net income of $256 …

Finnish Insurer Sampo Sees 30% Jump in Profit During Q3

HELSINKI – Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish Nordea bank . The group’s …