The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets customers pay auto-insurance premiums for just the …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-44.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 02:29:592021-04-14 15:01:47Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns
BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-45.jpeg290580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-14 01:45:422021-04-14 15:01:48Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. The solution provides transparent cargo insurance coverage for COVID-19 vaccines by combining sensor data and analytics. …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-32.jpeg303580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 10:17:442021-04-13 15:15:16Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments
U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson’s COVID-19 vaccine for at least a few days after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-33.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 08:37:352021-04-13 15:15:18U.S. Recommends Pausing Use of J&J COVID Vaccine over Rare Blood Clots
Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement …
Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This investment is going to be used to grow our team and build our brand. We are accelerating our efforts to …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-35.jpeg541580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 07:35:272021-04-13 15:15:21The Zebra Raises $150 Million to Expand Online Insurance Comparison Operations
U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting forth new guidance that warrants, which are …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-36.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 05:56:502021-04-13 15:15:22SEC Throws Another Wrench into Wall Street’s SPAC Machine
Mask mandates are coming down across the country, even as COVID cases are rising in most states. But the Biden administration appears poised to reinstate masking and other social distancing rules for recalcitrant governors — at least in the workplace. …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-37.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 05:07:102021-04-13 15:15:23OSHA Prepares to Issue Emergency Regulations to Protect Workers from COVID-19
The U.S. National Highway Traffic Safety Administration is investigating potentially faulty air bags made by Joyson Safety Systems, the successor to defunct manufacturer Takata Corp. that is at the center of one of the biggest recalls in history. The agency, …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-38.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 03:08:572021-04-13 15:15:25U.S. Safety Agency Investigates Air Bags Made by Takata Successor Joyson
Simply Business, Inc., a Boston-based digital insurance agency offering small business owners access to insurance providers, has partnered with the National Association of Social Workers (NASW) Risk Retention Group, Inc. to offer general and professional liability insurance products for social …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-13 00:30:562021-04-13 15:15:25Simply Business Launches Liability Insurance for Social Workers
A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter from …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-39.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-12 16:24:572021-04-13 15:15:26Church Official Warns of Financial Flood from Clergy Sex Abuse Claims
Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined ratio, according to Fitch Ratings in a new report. In …
The U.S. National Oceanic and Atmospheric Administration (NOAA) has changed the number of storms that constitute an average Atlantic hurricane season, the agency said in a statement on Friday. NOAA’s Climate Prediction Center is using 1991-2020 as the 30-year period-of-record …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-29.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-12 08:54:442021-04-12 14:59:53U.S. Raises Average Number of Named Storms for Atlantic Hurricane Season
Doug Hathaway has been appointed as head of RT Specialty’s National Transportation Practice as well as its commercial transport program: Interstate Insurance Management (Interstate). Hathaway has served as chief underwriting officer at Interstate since February 2020. Prior to that he …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-12 08:09:182021-04-12 14:59:54Hathaway to Lead RT Specialty Transportation; Beecher Named President at Interstate
BRUSSELS – Insurance broker Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday. The sector’s biggest deal ever comes as insurers grapple with …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-30.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-12 07:58:472021-04-12 14:59:55Aon Offers Concessions to Gain EU Antitrust Approval for $30B Willis Bid
Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-31.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-12 06:44:582021-04-12 14:59:57$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon
Three general agencies specializing in employee benefits – LISI, BrokerNet USA and Amwins Group Benefits Small Business – have come together to form Amwins Connect Insurance Services, LLC, a national general agency. As a combined entity, Amwins Connect Insurance Services …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-12 00:16:122021-04-12 14:59:57Amwins Forms National Employee Benefits General Agency
Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many micro-captive arrangements are not really about insurance. The IRS has stepped up examinations of …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-27.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-09 15:45:562021-04-10 15:03:20IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now
Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-23.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-09 10:44:342021-04-09 15:07:27Surplus Lines Broker, Agent or Both? It’s Complicated.
The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG, Amwins, AXA XL, EY, Lloyd’s and The Hartford discussed their efforts …
https://www.maddoxinsured.com/wp-content/uploads/2021/04/fb_image-24.jpeg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-04-09 09:52:592021-04-09 15:07:28Insurance Industry Showcases Philanthropic, COVID Relief Initiatives
Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns
/in Allstate, Allstate telematics, auto insurance telematics, Metromile, National News, pay-per-mile insurance, telematics /by wpmaddoxinsThe COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets customers pay auto-insurance premiums for just the …
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
/in Aon, Aon Willis Towers Watson merger, Business Moves & Mergers, International & Reinsurance News, National News, Willis Towers Watson /by wpmaddoxinsBRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is …
Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments
/in Agents & Brokers, AIG, American International Group (AIG), Andrew Brooks, Aon, Ascot Group, Ben Hubbard, ChronosCloud, Chubb European Group, covid-19 vaccine, Intel, International & Reinsurance News, Lee Meyrick, Markets/Coverages, MasterCard, Munich Re, National News, Parsyl, Sensitech, supply chain resilience, supply chain risk management, supply chain risks /by wpmaddoxinsInsurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. The solution provides transparent cargo insurance coverage for COVID-19 vaccines by combining sensor data and analytics. …
U.S. Recommends Pausing Use of J&J COVID Vaccine over Rare Blood Clots
/in AstraZeneca, AstraZeneca vaccine, Centers for Disease Control and Prevention (CDC), Coronavirus, coronavirus vaccine, covid-19, J&J, Johnson & Johnson, Johnson & Johnson vaccine, moderna vaccine, National News, pfizer vaccine, Top Story, vaccine liability /by wpmaddoxinsU.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson’s COVID-19 vaccine for at least a few days after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts …
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters
/in Business Moves & Mergers, Car Insurance, Clearcover, insurtech funding, National News, Ontario Municipal Employees Retirement System (OMERS) /by wpmaddoxinsClearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement …
The Zebra Raises $150 Million to Expand Online Insurance Comparison Operations
/in Business Moves & Mergers, comparison websites, digital agency, InsurTech, insurtech 2021, insurtech funding, National News, the zebra, Zebra CEO Keith Melnick /by wpmaddoxinsInsurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This investment is going to be used to grow our team and build our brand. We are accelerating our efforts to …
SEC Throws Another Wrench into Wall Street’s SPAC Machine
/in blank check company, Business Moves & Mergers, corporate securities liability, initial public offering (IPO), National News, Securities and Exchange Commission, spac insurance, spac liability, Special Purpose Acquisition Companies (SPACs) /by wpmaddoxinsU.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting forth new guidance that warrants, which are …
OSHA Prepares to Issue Emergency Regulations to Protect Workers from COVID-19
/in coronavirus workplace safety, covid-19, Equal Employment Opportunity Commission (EEOC), National News, Occupational Health and Safety Administration (OSHA), OSHA, osha coronavirus, Top Story, trump osha, workplace safety /by wpmaddoxinsMask mandates are coming down across the country, even as COVID cases are rising in most states. But the Biden administration appears poised to reinstate masking and other social distancing rules for recalcitrant governors — at least in the workplace. …
U.S. Safety Agency Investigates Air Bags Made by Takata Successor Joyson
/in auto recall, defective air bags, ford motors recall, Joyson Safety Systems, Joyson Safety Systems air bags, National Highway Traffic Safety Administration (NHTSA), National News, Takata air bag recall /by wpmaddoxinsThe U.S. National Highway Traffic Safety Administration is investigating potentially faulty air bags made by Joyson Safety Systems, the successor to defunct manufacturer Takata Corp. that is at the center of one of the biggest recalls in history. The agency, …
Simply Business Launches Liability Insurance for Social Workers
/in Markets/Coverages, National Association of Social Workers (NASW) Risk Retention Group, National News, Simply Business, social worker liability insurance /by wpmaddoxinsSimply Business, Inc., a Boston-based digital insurance agency offering small business owners access to insurance providers, has partnered with the National Association of Social Workers (NASW) Risk Retention Group, Inc. to offer general and professional liability insurance products for social …
Church Official Warns of Financial Flood from Clergy Sex Abuse Claims
/in Catholic Church, catholic church settlements, Catholic church sex abuse, National News, priest sex abuse, sex abuse claims, sex abuse lawsuits, sex abuse liability, state sex abuse laws, West News /by wpmaddoxinsA top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter from …
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
/in Coronavirus, coronavirus claims, coronavirus insurance impact, Fitch Ratings, National News, property/casualty insurers, Research and Trends /by wpmaddoxinsDespite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined ratio, according to Fitch Ratings in a new report. In …
U.S. Raises Average Number of Named Storms for Atlantic Hurricane Season
/in 2021 atlantic hurricane season, 2021 hurricane season, Atlantic hurricane season, Hurricanes, National News, National Oceanic and Atmospheric Administration (NOAA) /by wpmaddoxinsThe U.S. National Oceanic and Atmospheric Administration (NOAA) has changed the number of storms that constitute an average Atlantic hurricane season, the agency said in a statement on Friday. NOAA’s Climate Prediction Center is using 1991-2020 as the 30-year period-of-record …
Hathaway to Lead RT Specialty Transportation; Beecher Named President at Interstate
/in Dennis Beecher, Doug Hathaway, Interstate Insurance Management Inc., Jack Buchan, National News, people, R-T Specialty LLC (RT Specialty), Ryan Specialty Group (RSG) /by wpmaddoxinsDoug Hathaway has been appointed as head of RT Specialty’s National Transportation Practice as well as its commercial transport program: Interstate Insurance Management (Interstate). Hathaway has served as chief underwriting officer at Interstate since February 2020. Prior to that he …
Aon Offers Concessions to Gain EU Antitrust Approval for $30B Willis Bid
/in Aon, Aon Willis Towers Watson merger, Business Moves & Mergers, International & Reinsurance News, National News, Willis Towers Watson /by wpmaddoxinsBRUSSELS – Insurance broker Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday. The sector’s biggest deal ever comes as insurers grapple with …
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon
/in 2021 catastrophes, 2021 natural catastrophes, Aon, Aon Impact Forecasting, Australian floods, European windstorms, International & Reinsurance News, Japan earthquake, Michal Lörinc, National News, polar vortex, Research and Trends, Southeast Storms 2021, southeast tornado damage, Tennessee Flooding, texas hailstorms /by wpmaddoxinsMultiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which …
Amwins Forms National Employee Benefits General Agency
/in Amwins Connect Administrators, Amwins Connect Insurance Services, Amwins Group Benefits Small Business, BrokerNet USA, Business Moves & Mergers, LISI, Markets/Coverages, National News /by wpmaddoxinsThree general agencies specializing in employee benefits – LISI, BrokerNet USA and Amwins Group Benefits Small Business – have come together to form Amwins Connect Insurance Services, LLC, a national general agency. As a combined entity, Amwins Connect Insurance Services …
IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now
/in Internal Revenue Service (IRS), IRS captive insurance, micro-captives, National News /by wpmaddoxinsInternal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many micro-captive arrangements are not really about insurance. The IRS has stepped up examinations of …
Surplus Lines Broker, Agent or Both? It’s Complicated.
/in agent v broker, Excess and Surplus (E&S), National News, Surplus Lines, surplus lines agents, surplus lines brokers /by wpmaddoxinsIncreasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …
Insurance Industry Showcases Philanthropic, COVID Relief Initiatives
/in covid relief, Hank Watkins, Historically Black Colleges and Universities (HBCUs), iicf children's fund, Insurance Industry Charitable Foundation (IICF), National News, philanthropic and charitable-giving initiatives /by wpmaddoxinsThe insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG, Amwins, AXA XL, EY, Lloyd’s and The Hartford discussed their efforts …