Monthly Archives: <span>February 2023</span>

People & Places

National Marsh McLennan named Pat Tomlinson CEO of U.S. and Canada. He, along with Flavio Piccolomini, who was appointed International CEO, will report to Mercer President and CEO Martine Ferland and Marsh President and CEO Martin South as they lead …

2 Big Cannabis Insurance Providers Say Losses from California Storms Not as Bad as Feared

Just how big an impact the recent historic California storms had on the state’s cannabis industry is still coming into focus, and while two of the biggest players in California’s cannabis insurance market are starting to see upticks in claims, …

California Earthquake False Alarm Offers a Lesson for Crisis Communicators

An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including insurers – a thing or two about communicating to the public during and following a crisis. In May 2019, an …

Nevada Supreme Court Upholds Temporary Ban on Insurers Using Credit Scores

The Nevada Supreme Court upheld the Nevada Division of Insurance’s temporary ban on using credit information to help set insurance rates. The division in 2020 imposed the temporary ban, concluding that the pandemic had a disproportionately negative impact on policyholders’ …

Illinois Supreme Court: BIPA Claims Accrue With Each Scan

The Illinois Supreme Court ruled Friday that a separate claim accrues each time a business unlawfully scans or transmits an individual’s biometric identifier or information, a decision that could drive up class action settlements against repeated Biometric Information Privacy Act …

QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar

QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio reserves totaling US$1.9 billion. “This portfolio includes reserves primarily relating to North America and international financial lines, discontinued programs and …

Two More Louisiana Residents Sentenced in Staged Auto Accident Conspiracy

Two more Louisiana citizens were sentenced for conspiring to stage automobile accidents in order to defraud insurance and trucking companies. United States Attorney Duane A. Evans announced that John Diggs age 62, of Thibodaux, Louisiana, and James Williams, age 68, …

Austin, Texas City Manager Fired Over Widespread Power Outages

AUSTIN, Texas (AP) – Austin’s city manager was fired Wednesday in the wake of outrage over a slow and fumbled response to a winter storm power outage that left thousands of people without electricity for a week or longer in …

PCF Insurance Secures $500M Investment

PCF Insurance Services, a top 20 U.S. insurance brokerage firm, today announced that it has secured a $500 million preferred equity investment in a transaction co-led by Carlyle’s Global Credit platform and private equity firm HGGC, an existing minority investor. …

Jeers, Boos From Ohio Residents Enraged by Toxic Train Spill

EAST PALESTINE, Ohio (AP) – Residents of the Ohio village upended by a freight train derailment packed a gymnasium demanding reassurances after toxic chemicals spilled and burned in a huge plume over their homes and businesses. “I have three grandbabies,” …