Yearly Archives: <span>2021</span>

World Insurance Associates Acquires Bush Insurance Agents & Brokers

World Insurance Associates LLC (WIA), acquired Bush Insurance Agents & Brokers of Cambridge Springs, Penn., on December 31, 2020. Terms of the transaction were not disclosed. Established in 1918, Bush Insurance is a provider of loss and risk management products. …

MMG Insurance Company Promotes Dill to VP of Marketing, Business Development

MMG Insurance Company has promoted Kayla O’Malley Dill to vice president of Marketing and Business Development, effective January 4, 2021. Dill is based in Maine. Dill joined the Company in 2013 as senior marketing representative. Throughout her tenure with MMG, …

Delivery Company Offers Gig Workers $25 to Get COVID Vaccine

Grocery delivery company Instacart said on Thursday it would pay $25 to its over half-a-million gig workers if they chose to take time off to get vaccinated against COVID-19. The company, which has been lobbying government agencies for its delivery …

Lemonade Eyes Sale of 3 Million Shares in Secondary Offering

Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for “general corporate purposes.” The New York-based insurtech could raise as much as $808 million, according to its regulatory filing announcing the stock …

As Production Declines, Coal Miner Fatalities at Historic Low

Five miners died in U.S. coal mines in 2020, an all-time low mark for an industry in a year that saw continuing declines in production as electric providers move away from burning coal. The federal Mine Safety and Health Administration, …

UK Insurance Ruling Is ‘Massive Boost’ for Businesses: Hiscox Action Group

A UK Supreme Court insurance judgment substantially in favor of policyholders will be a “massive boost” for British businesses currently suffering from a third government lockdown, the Hiscox Action Group policyholder group said on Friday. The court ruled earlier that …

UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims

Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain’s highest court ruled many policies should cover losses caused by coronavirus lockdowns. Six of the world’s largest commercial …

Risk Placement Services Hires Neligan as Marine Producer in Chicago

Brendan Neligan has joined Risk Placement Services as a marine producer, in the company’s Chicago property brokerage office. Neligan will support the growth of the RPS marine portfolio, serving retail independent agents and brokers nationwide. Previously, he was regional vice …

Outgoing Administration Moves to Lift Safety Restrictions for Some Autonomous Vehicles

The outgoing Trump administration said on Thursday it was issuing new rules that would allow manufacturers of automated vehicles to bypass some crash standards required of conventional vehicles, which would cut production costs. The National Highway Traffic Safety Administration said …

Moment of Change: How the Insurance Industry Can Bridge the Diversity Gap, Be an Ally

The deaths of George Floyd and Breonna Taylor by white police officers last year sparked protests and examinations of racial injustice and inequities across the country. Individuals and businesses responded by vowing to better support communities of color. Experts on …