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Verisk Expands Insurtech Solution OneXperience into Commercial Insurance

Insurance data analytics and risk modeling firm Verisk announced the expansion of its new insurtech solution OneXperience into commercial insurance. This expansion will enable agents and businesses to engage and closely collaborate with insurers by sharing video surveys of commercial …

Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist

Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory approval process and other customary …

Faith Insurance Agency in Missouri Joins Valley Insurance Agency Alliance

Faith Insurance Agency, in Eureka, Missouri, has joined Valley Insurance Agency Alliance (VIAA), a network of more than 130 independent insurance agencies in Missouri and Illinois. Faith Insurance Agency is owned by Jordan Wilson, who has more than 15 years …

NTSB Report Shows No Cause Yet of Deadly Plane Crash Near Arizona

A preliminary report by the National Transportation Safety Board doesn’t list a possible cause for a small plane crash near Payson, Ariz., that killed one person aboard and injured two others last month. The report released earlier this week says …

Ex-Tenant Sues Oregon RV Park for $555K over Living Conditions

A former tenant at an RV park south of Warrenton, Ore., has filed a lawsuit against the owner alleging negligence over living conditions in a trailer. Sandra Holloway moved into a “dry trailer” at Sunset Lake Resort & RV Par …

FDA Bans Electrical Shock Medical Device in Rare Regulatory Action

The U.S. Food and Drug Administration on Wednesday banned electrical stimulation devices (ESDs) used in curbing self-injurious or aggressive behavior, citing substantial risks of illness or injury to patients. The agency’s final decision comes after the devices were found to …

Alliant Acquires LifeBalance Program in Oregon

Alliant Insurance Services Inc. has acquired the Portland, Ore.-based LifeBalance Program, adding the well-being discount program further it its employee benefits group’s products and services. The entire LifeBalance team will join Alliant and continue serving clients nationwide from its Portland …

Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS

The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The storms occurred Jan. 19-21, 2020 and affected the Australian …

PG&E Not Committing to Expanding Tree-Trimming Force in California

Lawyers for Pacific Gas & Electric said the utility can’t commit to hiring hundreds more tree trimmers in the way that a federal judge wants to cut the risk of starting more catastrophic wildfires in California. U.S. District Judge William …

Earthquake Risk Prompts Order to Drain California Dam

Worried that an earthquake could collapse a big dam south of San Francisco, officials have ordered its reservoir to be completely drained by October to reduce the risk of floodwaters spilling into Silicon Valley. The 240-foot high earthen Anderson Dam, …