Yearly Archives: <span>2021</span>

Vale Agrees to Pay Settlement of $7 Billion for Brazilian Mine Disaster in 2019

Vale SA reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to production cutbacks that stripped the company of the title of world’s biggest iron ore producer. The deal comes two years …

Georgia Lawmaker Seeks to Close Loophole in Hands-Free Phone Law

A Georgia state House member says drivers should not be able to avoid penalties by telling judges they have purchased hands-free devices for their cellphones. Republican Rep. John Carson of Marietta that the current provisions, intended to let people out …

Amazon Workers at Alabama Warehouse to Vote on Unionizing

Amazon workers at an Alabama warehouse will vote next week on whether to unionize in one of the most visible labor-organizing pushes at the online retailing giant. Employees at the Bessemer facility are seeking to form a union to represent …

Climate Group Urges South Carolina Towns to Tackle Climate Change

A new group in Charleston is committed to lowering the area’s carbon footprint, and they’ve notched a recent success on James Island. The Charleston Climate Coalition, an all-volunteer group, was a driving force behind a resolution in the small town …

Racetrack Operator in Georgia Faces Charges Over Driver Death

A southwest Georgia man faces charges after a death last year a racetrack he operated. Insurance Commissioner John F. King said Thursday that 58-year-old Dan Cobb of Cairo was arrested earlier this month following an Oct. 10, 2020, death at …

Texas Governor Calls for COVID-19 Liability Protections for Businesses

In his State of the State address on Feb. 2, Texas Gov. Greg Abbott advocated liability protections for businesses faced with lawsuits related to the coronavirus pandemic. In his prepared remarks, Abbott said business owners “have gone above and beyond …

Workers’ Compensation Underwriters Under the Gun to Understand Pandemic Data

Workers’ compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all because of the pandemic, the pandemic has “put gas on a fire that was already burning,” according to a …

USG Adds Reardon as Southeast Business Development Manager

USG Insurance Services, Inc., a national wholesaler and MGA, has added Bob Reardon as Business Development manager: Southeast. Reardon joined USG in July 2020 as the branch manager of the Alpharetta, Ga., satellite office. Reardon has 28 years of combined …

Property Catastrophe Bond Placement Reaches Record in 2020 and Q4: Aon

Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021. While the year was a record for cat bond …

Ashwood Named Oklahoma Captive Insurance Coordinator

The Oklahoma Insurance Department (OID) has appointed Donald Ashwood as captive coordinator, a position in which he will coordinate increased activity with captive insurers in Oklahoma. Ashwood joined the OID in 2014 and most recently served as financial operations officer. …