Monthly Archives: <span>May 2022</span>

Income vs. Wealth

This post is part of a series sponsored by InsurBanc. Career aspirations are often guided by maximizing one’s income. Highly effective and successful employees earn an ever-increasing wage and grow their income as they continue to succeed. But, if an …

AM Best Revises Randall & Quilter’s Credit Ratings After Brickell Purchase Terminated

The credit ratings of Randall & Quilter Investment Holdings and its subsidiaries have been revised to under review, negative, from developing by AM Best. The ratings revision was issued after R&Q announced that its acquisition by Brickell PC Insurance Holdings …

U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best

AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and a 39.7% drop in policyholder …

Minneapolis to Pay $1.2 Million to People Injured During Floyd Protests

The Minneapolis City Council has approved $1.2 million in legal settlements with two people injured by police during protests following the death of George Floyd at the hands of officers two years ago. The settlements with St. Paul resident Virgil …

Michigan Egg Producer to Pay $175,000 Over EEOC Lawsuit

Konos, Inc., a Michigan-based egg producer, will pay $175,000 and provide other relief to settle a sex discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced today. The EEOC charged that Konos violated …

Keystone Adds Texas’ Milam Felker Insurance Services

Keystone, a participant-owned insurance agency network, added Milam Felker Insurance Services, Inc. of Odessa, Texas, to its growing network of Texas agencies. Jack Milam originally founded the agency in 1965. The agency prospered as West Texas experienced tremendous growth in …

Louisiana Restaurant to Settle $30,000 EEOC Lawsuit

A Louisiana restaurant admitted that it violated federal law when it fired and then later refused to rehire a worker because she was pregnant as part of federal court resolution with the U.S. Equal Employment Opportunity Commission, the EEOC announced. …

NTSB: Pilot Disorientation Likely Caused Fatal 2019 Louisiana Plane crash

Pilot disorientation is listed as a probable cause of the 2019 small plane crash that killed five people in south Louisiana. The Advocate reports that the National Transportation Safety Board report on the crash said the pilot likely experienced “spatial …

Army Corps of Engineers Completes Post-Katrina Protections in Louisiana

Seventeen years after Hurricane Katrina flooded New Orleans, the Army Corps of Engineers has completed an extensive system of floodgates, strengthened levees and other protections. The 130-mile (210-kilometer) ring is designed to hold out storm surge of about 30 feet …

Ransomware Attacks Up More Last Year Than In Prior Five Years: Verizon

Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13 percent in a single year—representing a jump greater than the prior five years combined. The Verizon Business 2022 Data Breach Investigations Report …