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News – Insurance Journal
Distracting Driving Bill Crashes In Alabama Legislature
The Alabama House of Representatives last week narrowly rejected a proposal to fine people for using a smartphone while driving. The bill by Republican Rep. K.L. Brown of Jacksonville would have prohibited a driver from holding a phone with their …
POSTED APRIL 15, 2021 4:51 PM |
American Modern Launches Digital Social Media Toolkit for Agents
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 …
POSTED APRIL 15, 2021 4:46 PM |
AXIS Capital Estimates Q1 Pre-Tax Catastrophe Losses of $105M-$115M
Bermuda-based AXIS Capital Holdings Ltd. announced a preliminary, pre-tax first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, or $95 million to $105 million, after-tax. The pre-tax net loss …
POSTED APRIL 15, 2021 4:41 PM |
Florida to Close Wastewater Reservoir With Leak History
Florida is moving to permanently close the leaky Piney Point wastewater reservoir that poured millions of gallons of water into Tampa Bay while threatening to burst open and flood nearby homes and businesses, Gov. Ron DeSantis said Tuesday. The Republican …
POSTED APRIL 15, 2021 4:38 PM |
COVID Liability Shield for Businesses Becomes Law in Kentucky
Kentucky’s governor stood aside and let a bill become law that protects an array of businesses from coronavirus-related lawsuits. But he warned Monday that the measure is likely to draw a court challenge. The measure, backed by business interests, became …
POSTED APRIL 15, 2021 4:30 PM |
12 Missing After Ship Capsizes Off Coast of Louisiana
Twelve people were still missing on April 14 after six other crew members were pulled from rough seas following the capsizing of their commercial platform vessel during a “microburst” of bad weather off the coast of Louisiana, the U.S. Coast …
POSTED APRIL 15, 2021 4:15 PM |
RenaissanceRe Expects Q1 Loss from U.S. Winter Storm Uri
Bermuda-based RenaissanceRe Holdings Ltd. estimated that losses from Winter Storm Uri will have a net negative impact of approximately $180 million on the company’s first quarter 2021 results of operations. Winter Storm Uri was a major wind and ice storm …
POSTED APRIL 15, 2021 4:14 PM |
After the Storm: Disaster Plans and Backups a Must for Public Entities
Even the best laid plans can go awry in a disaster. For example, when Winter Storm Uri plunged into Texas in mid-February with unprecedented extreme low temperatures, and snow and ice that lingered for far too long, even organizations that …
POSTED APRIL 15, 2021 3:53 PM |
‘Insure Our Future’ Pressures Lloyd’s to ‘Immediately Stop’ Insuring Fossil Fuel Projects
Insure our Future, the anti-fossil-fuel campaign group, is pressuring Lloyd’s to immediately stop insuring coal and new oil and gas projects that exacerbate climate change. The group has launched a website, which is aimed at “concerned staff at Lloyd’s … …
POSTED APRIL 15, 2021 3:49 PM |
UN Summit to Seek Support from Insurers, Bankers to Stem Loss of Global Biodiversity
Organizers of a United Nations summit where world leaders will seek to negotiate an accord for nature akin to the Paris climate agreement want banks and fund managers to play their part in protecting the planet’s biodiversity. Ahead of the …
POSTED APRIL 15, 2021 2:31 PM |
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