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Missouri Court: City’s Insurer Must Pay Millions to Man in Homicide Case

The Missouri Court of Appeals has ruled that insurance providers for the city of Columbia must pay $5.3 million to a man who spent nearly a decade in prison before his conviction for killing a Columbia sports editor was vacated. …

Alliant Adds Blair in California to West Coast Benefits Team

Alliant Insurance Services Inc. has added Los Angeles, Calif.-based Jennifer Blair to its West Coast employee benefits team. Blair will service an array of organizations across the region. Blair’s background includes employee benefits, human resources, HR tech and payroll. Prior …

Wyoming’s Governor is Seeking Disaster Help for Beet Farmers

Wyoming Gov. Mark Gordon is asking for a federal disaster declaration to help farmers affected by cold weather in October. Two cold spells with warm weather in between harmed sugar beet crops in northern and southeastern Wyoming. The first cold …

Moody’s Sees Low Interest Rates Hurting French P/C Insurers’ Profits in 2020

The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers’ profitability from low interest rates, Moody’s Investors Service said in a report. Moving further away from traditional guaranteed products will also be difficult …

Mylo in Missouri Names Tokarski Chief Operating Officer

Mylo in Kansas City, Mo., has named Belen Tokarski chief operating officer. Tokarski has served as senior vice president, chief of strategy – commercial lines since August. Tokarski has more than 20 years of experience. Before joining Mylo, she was …

Alaska Getting $36M Federal Grant for Earthquake Recovery

A federal agency awarded Alaska a $35.8 million federal grant to support earthquake disaster recovery efforts, officials said. The Department of Housing and Urban Development awarded the grant in response to the damaging quake that struck parts of south-central Alaska …

Allianz UK Launches ‘Cyber Select’ Offering for Mid-Size Corporations

Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses. Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data protection incidents. Customers will be insured against liabilities …

Sage Insurance Increases Capacity, Coverage for Secondary Homes in California

Sage Insurance Holdings LLC (Sage), a California wildfire-focused homeowners insurance provider, has increased its capacity and will now write exposures up to $4 million TIV. For a primary home, that translates to an allowable Coverage A of $2.1 million. In …

Virginia Beach Mass Shooting Led to 450 Workers’ Comp Claims

Workers’ compensation claims have emerged as another yardstick for measuring the devastation of the mass shooting in Virginia Beach. The Virginian-Pilot reported Sunday that 450 city employees have filed for workers’ compensation benefits. The vast majority of the claims are …

Fast-Growing German Insurtech Wefox Raises $110 Million More

German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion to $235 million. The …