Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an improvement over 2019 when 13 impairments were …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-52.jpeg324580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-16 11:58:202021-04-16 15:00:33Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-53.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-16 08:37:462021-04-16 15:00:34Risk of COVID-19 Exposure on Airlines Drops when Middle Seats Are Empty: Study
LONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she’s an analyst for …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-54.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-16 06:57:092021-04-16 15:00:36Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services
The White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the SolarWinds hack, which led to the compromise of nine federal agencies and hundreds of private sector companies. Senior …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-55.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-16 05:26:462021-04-16 15:00:37Russian Spy Agency SVR Responsible for SolarWinds Hack: White House
Insurance technology provider Zywave announced the acquisition of Enquiron, the Boston-based provider of risk management and consultative business solutions. Financial details of the acquisition were not disclosed. Founded in 1996, Enquiron serves more than 100 of the top P/C, healthcare …
Chubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service specialists across multiple lines of business. In addition, she …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-16 01:00:002021-04-16 15:00:39People Moves: Chubb Appoints Execs in Construction, A&H; Hippo Adds to Legal & Compliance; Alleyne Named Chief Legal Officer at Munich Re US
Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand Corvus’ Smart Cargo + Cyber offering. The announcement comes after Corvus’s …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-16 00:22:072021-04-16 15:00:39Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks
American Modern, a specialty insurance provider of residential and recreational coverage, has launched Social To Go, an online toolkit designed to give agents ways to effectively use social media. According to Kevin Morreale, chief sales and marketing officer at American …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 12:46:472021-04-15 15:07:21American Modern Launches Digital Social Media Toolkit for Agents
McDonald’s Corp said on Wednesday it will require new training and policies to combat harassment, discrimination and violence at its 39,000 restaurants worldwide, calling for safer work places after it faced lawsuits by some female employees. The burger chain said …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-46.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 07:30:242021-04-15 15:07:22McDonald’s to Require Employee Training to Combat Harassment, Discrimination
Hallmark Financial Services Inc., a property/casualty insurance company with three business segments – Specialty Commercial, Standard Commercial and Personal – plans to pursue an initial public offering of a non-controlling ownership stake in the core businesses within the Specialty Commercial …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-47.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 07:08:592021-04-15 15:07:24Hallmark Financial Plans to Pursue IPO of Specialty Commercial Business
DOVER, Del. (AP) – Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan to file a new reorganization plan after gaining little support for a previous proposal that has been roundly criticized by …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-48.jpeg384580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 05:58:362021-04-15 15:07:25Boy Scouts’ Lawyers Eye New Reorganization Plan After Criticisms from Abuse Victims
A White House plan to rapidly shore up the security of the U.S. power grid will begin with a 100-day sprint, but take years more to transform utilities’ ability to fight off hackers, according to details of a draft version …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-49.jpeg370580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 05:25:012021-04-15 15:07:26White House Rushes to Strengthen Security of U.S. Power Grid as Hacking Threats Grow
International Business Machines Corp. said on Wednesday its cyber-security unit has uncovered more digital attacks targeting the global COVID-19 vaccine supply chain since the issue was originally flagged late last year. The cloud services provider said it recently found that …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-50.jpeg300580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 04:56:532021-04-15 15:07:27IBM Uncovers More Cyber Attacks on COVID-19 Vaccine Supply Chain
The New Jersey Supreme Court on Tuesday ordered a construction company to reimburse a workers’ compensation claimant for marijuana that was prescribed to relieve his back pain caused by a work injury. The high court rejected M&K Construction’s argument that …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-51.jpeg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-15 02:15:152021-04-15 15:07:28N.J. Supreme Court Upholds Order to Reimburse Workers’ Comp Claimant for Marijuana
MiniCo Insurance Agency has joined forces with its Jencap affiliate company NIF Group, Inc., as part of Jencap Program Administrators, a newly formed program division under the Jencap umbrella. As of April 1, 2021, NIF’s specialty programs moved over to …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 12:52:342021-04-14 15:01:41NIF Group Joins MiniCo Insurance Agency; New Programs Added
NEW YORK — Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Madoff for …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-40.jpeg519580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 11:03:282021-04-14 15:01:42Mastermind of Largest Known Ponzi Scheme, Bernie Madoff, Dies in Prison at 82
Juul Labs Inc. failed to knock out racketeering claims in lawsuits accusing it of deliberately targeting teenagers, as individual founders and directors of the e-cigarette maker became the new focus of the litigation. Most of the claims brought by consumers, …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-41.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 10:42:422021-04-14 15:01:43Juul Labs Fails to Knock Out Racketeering Claims in Lawsuits About Marketing Conduct
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a “systemic” worsening of the legal environment and its harmful impact on the insurance industry. …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-42.jpeg515580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 09:18:272021-04-14 15:01:45Chubb CEO Greenberg Reiterates Call for Litigation Reform
Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it, filed for bankruptcy, sold the goods and pocketed the proceeds. A …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 08:49:372021-04-14 15:01:45Court Orders Chubb Subsidiary to Pay for Merchandise Lost in Warehouse Bankruptcy
BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-43.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 07:01:152021-04-14 15:01:46EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
/in AM Best, Fraud, Markets/Coverages, National News, P/C impairments, property/casualty impairments, Research and Trends, workers' compensation /by wpmaddoxinsSeven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an improvement over 2019 when 13 impairments were …
Risk of COVID-19 Exposure on Airlines Drops when Middle Seats Are Empty: Study
/in airport safety, american airlines, aviation safety, Centers for Disease Control and Prevention (CDC), Coronavirus, coronavirus airlines, coronavirus vaccine, covid-19, Delta Air Lines, global travel safety, National News, Research and Trends /by wpmaddoxinsThe risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …
Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services
/in Chatham House, Climate Change, environmental social and governance (ESG) criteria, ESG, Greenpeace, greenwashing, International & Reinsurance News, Marsh & McLennan, National News, Oxfam, PwC UK, sustainability and climate change, World Bank, Zurich Insurance /by wpmaddoxinsLONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she’s an analyst for …
Russian Spy Agency SVR Responsible for SolarWinds Hack: White House
/in cyber attacks, Cybersecurity Infrastructure Security Agency, government cyber attack, microsoft hacking, National News, National Security Agency, solarwinds, state sponsored cyber attacks /by wpmaddoxinsThe White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the SolarWinds hack, which led to the compromise of nine federal agencies and hundreds of private sector companies. Senior …
Zywave Acquires Risk Management Solutions Provider, Enquiron
/in 2021 M&A, Advisen, Business Moves & Mergers, Enquiron, Insurance Technologies Corporation (ITC), National News, Zywave /by wpmaddoxinsInsurance technology provider Zywave announced the acquisition of Enquiron, the Boston-based provider of risk management and consultative business solutions. Financial details of the acquisition were not disclosed. Founded in 1996, Enquiron serves more than 100 of the top P/C, healthcare …
People Moves: Chubb Appoints Execs in Construction, A&H; Hippo Adds to Legal & Compliance; Alleyne Named Chief Legal Officer at Munich Re US
/in Chubb, Hippo, Munich Re America, National News, P&C Companies, people /by wpmaddoxinsChubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service specialists across multiple lines of business. In addition, she …
Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks
/in Corvus Insurance, cyber insurance, Markets/Coverages, National News, ocean cargo, Skyward Specialty Insurance Group (Skyward Specialty), Smart Cargo + Cyber /by wpmaddoxinsCorvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand Corvus’ Smart Cargo + Cyber offering. The announcement comes after Corvus’s …
American Modern Launches Digital Social Media Toolkit for Agents
/in agent social media, American Modern, Markets/Coverages, National News, social media toolkit for agents, Social To Go /by wpmaddoxinsAmerican Modern, a specialty insurance provider of residential and recreational coverage, has launched Social To Go, an online toolkit designed to give agents ways to effectively use social media. According to Kevin Morreale, chief sales and marketing officer at American …
McDonald’s to Require Employee Training to Combat Harassment, Discrimination
/in Black McDonald's franchisees, employment discrimination, franchise liability, McDonald's, McDonald's liability, McDonald's sexual harassment, National News, racial discrimination, workplace sexual harassment /by wpmaddoxinsMcDonald’s Corp said on Wednesday it will require new training and policies to combat harassment, discrimination and violence at its 39,000 restaurants worldwide, calling for safer work places after it faced lawsuits by some female employees. The burger chain said …
Hallmark Financial Plans to Pursue IPO of Specialty Commercial Business
/in Business Moves & Mergers, Hallmark Financial Services Inc., Hallmark Specialty Group, initial public offering (IPO), insurance spin-off, National News, specialty lines /by wpmaddoxinsHallmark Financial Services Inc., a property/casualty insurance company with three business segments – Specialty Commercial, Standard Commercial and Personal – plans to pursue an initial public offering of a non-controlling ownership stake in the core businesses within the Specialty Commercial …
Boy Scouts’ Lawyers Eye New Reorganization Plan After Criticisms from Abuse Victims
/in boy scouts bankruptcy, boy scouts insurers, Boy Scouts of America, boy scouts sexual abuse claims, National News /by wpmaddoxinsDOVER, Del. (AP) – Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan to file a new reorganization plan after gaining little support for a previous proposal that has been roundly criticized by …
White House Rushes to Strengthen Security of U.S. Power Grid as Hacking Threats Grow
/in cyber attacks, National News, power grid cyber attack, Top Story, utility cyber attack /by wpmaddoxinsA White House plan to rapidly shore up the security of the U.S. power grid will begin with a 100-day sprint, but take years more to transform utilities’ ability to fight off hackers, according to details of a draft version …
IBM Uncovers More Cyber Attacks on COVID-19 Vaccine Supply Chain
/in cold chain, Coronavirus, coronavirus vaccine, covid-19, cyber attacks, IBM, International Business Machines Corp., National News, vaccine distribution, vaccine supply chain /by wpmaddoxinsInternational Business Machines Corp. said on Wednesday its cyber-security unit has uncovered more digital attacks targeting the global COVID-19 vaccine supply chain since the issue was originally flagged late last year. The cloud services provider said it recently found that …
N.J. Supreme Court Upholds Order to Reimburse Workers’ Comp Claimant for Marijuana
/in East News, employee benefits, employee lawsuits, medical marijuana, Medical marijuana insurance, National News, New Jersey marijuana law, workers' compensation /by wpmaddoxinsThe New Jersey Supreme Court on Tuesday ordered a construction company to reimburse a workers’ compensation claimant for marijuana that was prescribed to relieve his back pain caused by a work injury. The high court rejected M&K Construction’s argument that …
NIF Group Joins MiniCo Insurance Agency; New Programs Added
/in Business Moves & Mergers, David Daniels, Jencap, Markets/Coverages, MiniCo Insurance Agency, National News, NIF Group, people, Vince Terlaje /by wpmaddoxinsMiniCo Insurance Agency has joined forces with its Jencap affiliate company NIF Group, Inc., as part of Jencap Program Administrators, a newly formed program division under the Jencap umbrella. As of April 1, 2021, NIF’s specialty programs moved over to …
Mastermind of Largest Known Ponzi Scheme, Bernie Madoff, Dies in Prison at 82
/in Bernie Madoff, Fraud, National News, Ponzi scheme /by wpmaddoxinsNEW YORK — Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Madoff for …
Juul Labs Fails to Knock Out Racketeering Claims in Lawsuits About Marketing Conduct
/in Altria Group, e-cigarettes, Juul Labs Inc., Juul marketing, National News, Product Liability, RICO, tobacco lawsuit, vaping lawsuit /by wpmaddoxinsJuul Labs Inc. failed to knock out racketeering claims in lawsuits accusing it of deliberately targeting teenagers, as individual founders and directors of the e-cigarette maker became the new focus of the litigation. Most of the claims brought by consumers, …
Chubb CEO Greenberg Reiterates Call for Litigation Reform
/in Chubb, Chubb CEO Evan Greenberg, Evan Greenberg, National News, social inflation, Top Story /by wpmaddoxinsChubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a “systemic” worsening of the legal environment and its harmful impact on the insurance industry. …
Court Orders Chubb Subsidiary to Pay for Merchandise Lost in Warehouse Bankruptcy
/in Chubb, Federal Insurance Co., National News, ocean cargo policy, policyholder disputes with insurance carriers, Policyholder lawsuit /by wpmaddoxinsChubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it, filed for bankruptcy, sold the goods and pocketed the proceeds. A …
EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal
/in Aon, Aon Willis Towers Watson merger, Business Moves & Mergers, EU antitrust rules, European Commission (EC), International & Reinsurance News, National News, Willis Towers Watson /by wpmaddoxinsBRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year …