The Hartford Names Garrison Head Of Navigators Wholesale The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and underwriting for the business, as well as …
A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers. With the COVID-19 pandemic weighing severely on …
Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/natural-disaster-storm-clouds-cyclone-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-25 09:12:142021-10-25 15:08:34Recoop Insurance Vows Quick Cash to Homeowners, Renters Hit by Natural Disasters
Direct-to-consumer DNA testing firm 23andMe Holding Co. said on Friday it would buy privately held company Lemonaid Health Inc. for $400 million in a cash-and-stock deal, as it looks to expand into telemedicine. Lemonaid Health offers patients direct online access …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/mergers-acquisitions-580x384-1.jpg384580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-25 08:35:502021-10-25 15:08:35DNA Testing Firm 23andMe to Expand Into Telehealth With Lemonaid Acquisition
The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/Securities-SEC-logo-580x435-1.jpg435580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-25 08:21:282021-10-25 15:08:37SEC Eyes Clawbacks of Executives’ Pay in Cases of Misconduct
U.S. electric car maker Tesla Inc. on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release, after users complained of false collision warnings and other issues. The setback comes …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/feds-to-investigate-deadly-tesla-crash-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-25 08:12:592021-10-25 15:08:38Citing Software Issues, Tesla Pulls Latest Full Self-Driving Beta
The Russian-based agency behind last year’s massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, Microsoft said in a blog post. Microsoft, in a blog post dated Oct. 24, …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/cyber-attack-580x502-1.jpg502580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-25 07:59:062021-10-25 15:08:40Hundreds of U.S. Networks Targeted by Russian Cyber Attack, Microsoft Says
Safety standards developed by film studios and labor unions are the primary protection for actors and film crews when a scene calls for using prop guns. The industry-wide guidance is clear: “Blanks can kill. Treat all firearms as if they …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/Movie_set_new_mexico_AP-580x323-1.jpg323580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-24 18:45:352021-10-25 15:08:41On Baldwin’s ‘Rust’ Movie Set and Others, Union Guidance Is Key to Gun Safety
Guidewire Guides Insurers to Insurtechs Guidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program will highlight insurtechs that bring novel approaches to the industry. The program is …
Months before putting one of its units into bankruptcy, Johnson & Johnson offered $4 billion to settle with victims of its talc-based powder — twice the amount it’s now proposing to pay through a forced resolution, according to people familiar …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/Baby.Powder-580x387-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-22 01:00:412021-10-22 15:05:04Months Before Bankruptcy Move, J&J Offered $4B to Settle Talcum Claims
Climate change is an “emerging threat” to U.S. financial stability that regulators should address in their everyday work, a top U.S. regulatory panel said on Thursday, a first for the United States which has lagged other wealthy countries on tackling …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/report-highlights-climate-change-risks-580x397-1.jpg397580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-22 01:00:362021-10-22 15:05:06Top Regulators’ Roadmap Addresses Climate Change as Threat to U.S. Financial Stability
The White House on Thursday called on all World Trade Organization members to support an intellectual property waiver for COVID-19 vaccines. “We … need every WTO member to step up as well and support an intellectual property waiver, and every …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/covid-coronavirus-vaccine-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-22 01:00:332021-10-22 15:05:07U.S. Urges Global Intellectual Property Waiver for COVID-19 Vaccines
The NFL is set to propose changes to the $1 billion concussion settlement this week after an outcry over test score adjustments known as “race-norming,” which make it harder for retired Black players to win dementia awards that average $500,000 …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/NFL-football-head-injury-473x580-1.jpg580473wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-22 01:00:282021-10-22 15:05:09NFL to Offer to Changes to ‘Race-Norming’ Testing Formula Used in Dementia Claims
Insurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas. Axis committed to stop insuring any company developing coal infrastructure and phase out all coal business. Axis …
Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith, Starboard’s chief executive officer, said Willis …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/starboard-value-ceo-jeff-smith-380268193-bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-21 14:00:462021-10-22 15:05:10Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued
Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its pilot using independent agents to sell its insurance, and it has hired a Travelers Insurance executive to lead the effort. Metromile, which began an …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/getty-metromile-goes-public-366251220-580x435-1.jpg435580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-21 11:51:442021-10-21 15:05:22Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents
In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk management. According to a report released …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/bigstock-risk-management-580x386-1.jpg386580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-21 10:29:572021-10-21 15:05:24Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
The Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care workers from COVID-19. The threats were sent to Arizona, …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/OSHA_rules-580x384-1.jpg384580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-21 09:05:232021-10-21 15:05:253 States Could Lose Their Workplace Safety Authority for Refusing COVID Rules
The Federal Aviation Administration (FAA) said Thursday it was proposing to require flight attendants receive at least 10 hours of rest time between shifts after Congress had directed the action in 2018, according to a document released Thursday. Airlines for …
https://www.maddoxinsured.com/wp-content/uploads/2021/10/united-airlines-flight-attendant-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-10-21 08:49:112021-10-21 15:05:26FAA Proposes Minimum 10-Hour Rest Period for Flight Attendants
People Moves: Garrison Heads Navigators Wholesale; Trochey Joins Ascot; AXA Environmental Adds; Alllianz Names Houlihan
/in Allianz Global Corporate & Specialty, Ascot, AXA XL, Joseph Madigan, Michael Garrison, National News, navigators, people, Peter Trochev, Snohti Nmah, Thomas Houlihan, Tim Chung /by wpmaddoxinsThe Hartford Names Garrison Head Of Navigators Wholesale The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and underwriting for the business, as well as …
Large Private Employer Coalition Creates Pharmacy Benefit Management Firm
/in National News, pharmacy benefit managers (PBMs), prescription drug costs, Purchaser Business Group on Health (PBGH) /by wpmaddoxinsA nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers. With the COVID-19 pandemic weighing severely on …
Recoop Insurance Vows Quick Cash to Homeowners, Renters Hit by Natural Disasters
/in disaster insurance, Markets/Coverages, National News, natural disaster insurance, parametric insurance, Professional Solutions Insurance Co., recoop insurance /by wpmaddoxinsHomeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up …
DNA Testing Firm 23andMe to Expand Into Telehealth With Lemonaid Acquisition
/in 2021 M&A, 23andme, Business Moves & Mergers, Lemonaid telehealth, National News, telehealth, telemedicine /by wpmaddoxinsDirect-to-consumer DNA testing firm 23andMe Holding Co. said on Friday it would buy privately held company Lemonaid Health Inc. for $400 million in a cash-and-stock deal, as it looks to expand into telemedicine. Lemonaid Health offers patients direct online access …
SEC Eyes Clawbacks of Executives’ Pay in Cases of Misconduct
/in clawbacks, National News, sec executive pay, securities and exchange commission (SEC), securities regulation /by wpmaddoxinsThe new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of …
Citing Software Issues, Tesla Pulls Latest Full Self-Driving Beta
/in Autonomous, Full Self-Driving (FSD), National News, Tesla Autopilot /by wpmaddoxinsU.S. electric car maker Tesla Inc. on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release, after users complained of false collision warnings and other issues. The setback comes …
Hundreds of U.S. Networks Targeted by Russian Cyber Attack, Microsoft Says
/in microsoft cyber, National News, Nobelium, Russian cyber attack /by wpmaddoxinsThe Russian-based agency behind last year’s massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, Microsoft said in a blog post. Microsoft, in a blog post dated Oct. 24, …
Preview 2022 plans with price estimates today!
/in Uncategorized /by wpmaddoxinsBefore you apply for or renew 2022 coverage, you can preview 2022 plans with price estimates. You don’t even have to log in.
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On Baldwin’s ‘Rust’ Movie Set and Others, Union Guidance Is Key to Gun Safety
/in alec baldwin, film industry, firearm injuries, gun safety, National News, prop firearm, prop gun, rust movie set, workplace safety /by wpmaddoxinsSafety standards developed by film studios and labor unions are the primary protection for actors and film crews when a scene calls for using prop guns. The industry-wide guidance is clear: “Blanks can kill. Treat all firearms as if they …
Insurance Technology: Guidewire Guides Insurers to Insurtechs; Rhino, Cover Genius Offer Embedded Renters Insurance
/in Cover Genius, embedded insurance, Guidewire, insurance technology, InsurTech, National News, Rhino renters insurance /by wpmaddoxinsGuidewire Guides Insurers to Insurtechs Guidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program will highlight insurtechs that bring novel approaches to the industry. The program is …
Months Before Bankruptcy Move, J&J Offered $4B to Settle Talcum Claims
/in Baby powder lawsuit, J&J talcum, Johnson & Johnson talcum liabilities, National News /by wpmaddoxinsMonths before putting one of its units into bankruptcy, Johnson & Johnson offered $4 billion to settle with victims of its talc-based powder — twice the amount it’s now proposing to pay through a forced resolution, according to people familiar …
Top Regulators’ Roadmap Addresses Climate Change as Threat to U.S. Financial Stability
/in Climate Change, climate financial risk, Financial Stability Oversight Council (FSOC), National News, Treasury climate report /by wpmaddoxinsClimate change is an “emerging threat” to U.S. financial stability that regulators should address in their everyday work, a top U.S. regulatory panel said on Thursday, a first for the United States which has lagged other wealthy countries on tackling …
U.S. Urges Global Intellectual Property Waiver for COVID-19 Vaccines
/in Coronavirus, covid-19 vaccine, intellectual property, National News, Top Story, vaccine patent waiver /by wpmaddoxinsThe White House on Thursday called on all World Trade Organization members to support an intellectual property waiver for COVID-19 vaccines. “We … need every WTO member to step up as well and support an intellectual property waiver, and every …
NFL to Offer to Changes to ‘Race-Norming’ Testing Formula Used in Dementia Claims
/in football players' dementia, National News, NFL player concussions, race norming algorithm, sports injuries /by wpmaddoxinsThe NFL is set to propose changes to the $1 billion concussion settlement this week after an outcry over test score adjustments known as “race-norming,” which make it harder for retired Black players to win dementia awards that average $500,000 …
California Releases Climate Draft Plan, Axis Accelerates Retreat from Coal
/in AXIS Capital Holdings Ltd., Climate Change, Climate Control, coal, global warming, National News, Risk Management /by wpmaddoxinsInsurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas. Axis committed to stop insuring any company developing coal infrastructure and phase out all coal business. Axis …
Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued
/in Agents & Brokers, Aon, Aon Willis Towers Watson merger, Business Moves & Mergers, Carl Hess, International & Reinsurance News, Jeff Smith, National News, Starboard Value, Willis Towers Watson /by wpmaddoxinsActivist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith, Starboard’s chief executive officer, said Willis …
Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents
/in agency distribution, digital auto insurance, independent agents, InsurTech, Markets/Coverages, Metromile, National News, pay-per-mile insurance, Root /by wpmaddoxinsPay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its pilot using independent agents to sell its insurance, and it has hired a Travelers Insurance executive to lead the effort. Metromile, which began an …
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
/in business owners insurance, Embroker, InsurTech, National News, Research and Trends, Risk Management, technology insurance /by wpmaddoxinsIn an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk management. According to a report released …
3 States Could Lose Their Workplace Safety Authority for Refusing COVID Rules
/in COVID worker safety, National News, osha covid-19, state osha, workplace safety /by wpmaddoxinsThe Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care workers from COVID-19. The threats were sent to Arizona, …
FAA Proposes Minimum 10-Hour Rest Period for Flight Attendants
/in Federal Aviation Administration (FAA), flight attendants, National News /by wpmaddoxinsThe Federal Aviation Administration (FAA) said Thursday it was proposing to require flight attendants receive at least 10 hours of rest time between shifts after Congress had directed the action in 2018, according to a document released Thursday. Airlines for …