Yearly Archives: <span>2021</span>

SLA-Cal Officers and Board Members for 2021

Officers: Terri Moran, Chair–Paul Hanson Partners Janet Beaver, Vice Chair–Tokio Marine-HCC Casualty Group Rich Gobler, Secretary/Treasurer–Burns & Wilcox Robert Gilbert, Past Chair–Markel West Insurance Services Members: Tim Chaix, R.E. Chaix and Associates James Faley, Vela Insurance Services LLC Hank Haldeman, …

California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest

In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay, CEO and executive director of the Surplus Line …

Florida’s Citizens Insurance Makes Drastic Rate Changes to Stem Flood of New Policies

After holding off on approving its 2021 rates in December, Citizens Property Insurance Corporation’s Board of Governors approved rate recommendations that the insurer says will make its rates more competitive with the private market to slow the flow of policyholders …

Insurance Losses From Texas Storm May Set First Quarter Record: A.M. Best

Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state’s electrical grid and caused extensive property damage including collapsed roofs and broken pipes, insurer credit rating agency A.M. Best said on Friday. The …

California Bill Would Mandate Minimum Insurance Coverage at Rehabs

Assemblywoman Cottie Petrie-Norris, D-Laguna Beach, in collaboration with California Insurance Commissioner Ricardo Lara introduced a bill intended to ensure that licensed drug abuse recovery and treatment facilities and recovery residences that contract with the government have minimum insurance coverage levels, …

Freezing Winter Storm Paralyzes Deep South; Thousands Without Power

Winter storms that dumped additional snow and ice on the Deep South plunged more than 300,000 homes and businesses into darkness early Thursday and left roads impassable across a wide area. While temperatures were expected to warm over the weekend, …

Anchorage Building Getting $41M Upgrade After Quake

A building in Anchorage that once housed a Key Bank office is undergoing a $41 million renovation inspired by Alaska’s glaciers. The project developer said the former Key Bank Plaza will be modernized and draped in glass instead of concrete, …

Washington Insurance Commissioner-Backed Bill to Ban Use of Credit Scores Amended

A Washington bill to ban insurers from using consumers’ credit scores to determine auto and homeowner insurance premiums was gutted by an insurance industry amendment in the Senate Business, Financial Services & Trade Committee on Feb. 15. Senate Bill 5010, …

Zurich Insurance Appoints De Nil as CEO of Nordics

Zurich Insurance Group has appointed Dirk De Nil as CEO of Nordics, in addition to his current role as CEO Benelux, expanding his management responsibility in the Europe, Middle East and Africa region. He succeeds David Haak, who will take …

Policygenius Hires Shepherd as Chief Financial Officer

Policygenius has hired Bill Shepherd as the company’s chief financial officer. In this role, Shepherd will oversee all of the company’s finance-related functions including accounting, corporate finance, corporate and business development, financial planning and analysis, taxes and investor relations. Shepherd …