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

Some Western U.S. Cities Nixing July 4 Fireworks over Fire Dangers, Shortages

The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year – some over wildfire concerns amid dry weather and others because …

SURE Launches First Commercial Product for Texas Business Owners

SureChoice Underwriters Reciprocal Exchange launched its first commercial insurance product for small- and medium-sized businesses in Texas. SURE’s business owners policy combines both property and general liability coverage in one package addressing the most common risks for businesses. The product …

At Least 20 Injured When Commuter Bus Overturns in California

A commuter bus crash clipped a parked truck and flipped onto its side Monday morning near Los Angeles International Airport, injuring at least 20 people, three of them critically, authorities said. The Los Angeles Department of Transportation bus clipped a …

Agency Ownership: 3 Elements to Consider

This post is part of a series sponsored by InsurBanc. Young agents are the future of the independent agency system, and their path to agency ownership can be challenging. Make sure you understand what you are facing as you walk …

People: Alliant, Seibels Name New VPs

Alliant Names Fox VP Alliant Insurance Services said it has hired employee benefits consultant Andrew Fox as vice president. Fox, of Orlando, Florida, has extensive experience working with insured and self-insured organizations in the public and private sectors, Allian said …

Today Is National Insurance Awareness Day

National Insurance Awareness Day on June 28 is meant as a reminder for individuals, families and businesses to review their insurance policies and take steps to prevent being underinsured. The American Property Casualty Insurance Association (APCIA) used the occasion to …

AM Best Downgrades Members of NLC Insurance Companies Pool

AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” (Good) from “a-” (Excellent) of the insurers that operate under an intercompany pooling agreement and are collectively referred …

People Moves: WTW’s Hires EY’s Mayers for Commercial Lines Pricing, Underwriting; Hiscox Names Flaquet to Newly Created Role of Group COO

This edition of International People Moves details appointments at Willis Towers Watson (WTW) and Hiscox. A summary of these new hires follows here. WTW’s Hires EY’s Mayers for Commercial Lines Pricing, Underwriting WTW announced the appointment of Taffy Jo Mayers …

Marsh Launches Cyber Incident Management Service to Support UK, European Clients

Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as well as increase their cyber resilience. …

Sparks Fly at National Flood Insurance Program Reauthorization Hearing

On June 23, the U.S. Senate Banking, Housing, and Urban Affairs committee held a hearing to discuss legislative proposals to reform the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP). There were 17 proposals included in FEMA’s 104-page …