Insurance Archives - Residential Property Insurance & Business Management

Trump pressures GOP as Michigan and Pennsylvania are about to certify votes November 23, 2020
Analyst explains if electors can vote against their state's popular vote November 21, 2020
CNN legal analyst Elie Honig breaks down the likelihood of any of the lawsuits waged by the Trump team changing the outcome of the 2020 election and whether or not electors can vote against their state's popular vote.
Israeli minister says Netanyahu met Saudi Crown Prince, but Riyadh denies it November 23, 2020
Israeli Prime Minister Benjamin Netanyahu met with Saudi Crown Prince Mohammed bin Salman on Sunday in the Saudi city of Neom, in the first meeting between the two leaders, an Israeli minister confirmed.
AstraZeneca says its coronavirus vaccine candidate is 70% effective on average November 23, 2020
Drugmaker AstraZeneca announced on Monday that its experimental coronavirus vaccine has shown an average efficacy of 70% in its large scale trials -- the latest of several vaccine trials worldwide to post their results this month.
Why a Covid-19 vaccine won't be a magic bullet November 20, 2020
Having a safe and effective vaccine is a turning point in the fight against the coronavirus pandemic. But there are many challenging steps ahead -- from making large quantities to delivery around the world -- before a vaccine can have an impact on the spread of the virus.
Job guarantees and free money: 'Utopian' ideas tested in Europe amid the pandemic November 23, 2020
Christine Jardine, a Scottish politician who represents Edinburgh in the UK parliament, was not a fan of universal basic income before the pandemic hit.
Lockdown looms for Luxembourg after tiny nation reports 1,000 new cases
Shanghai airport momentarily descends into chaos after workers test positive for Covid-19 November 23, 2020
Shanghai's biggest international airport momentarily descended into chaos Sunday night, after authorities ordered a mass testing drive in response to a small outbreak of Covid-19 linked to several cargo handlers.
Millions of Filipinos work overseas -- and leave their children behind
'Absolutely shameful': Schiff condemns Trump's golf outing November 22, 2020
After attending a portion of the virtual G20 summit, President Donald Trump skipped a special session on the coronavirus pandemic, choosing to play golf instead. California Rep. Adam Schiff says Trump's actions are "appalling."
China's Xi Jinping is calling for a global Covid QR code. He may struggle to convince the world November 23, 2020
Chinese President Xi Jinping has called for a global Covid-19 tracking system using QR codes, to help fast-track international travel and business during the coronavirus pandemic.
Why Biden's secretary of state pick tells us a lot about his priorities as president November 23, 2020
Joe Biden is poised to name Antony Blinken as his secretary of state on Tuesday, a telling pick that reveals what the President-elect views as his most urgent priorities in the wake of Donald Trump's four years in office -- and the sort of people he will entrust with accomplishing those goals.
Watch fan completely freak when Obama joins video chat November 20, 2020
Former President Barack Obama was a guest on "Jimmy Kimmel Live!" and agreed to get in on a planned stunt with one of his fans.
Hong Kong activist Joshua Wong facing prison after guilty plea over 2019 protest November 23, 2020
Hong Kong pro-democracy activist Joshua Wong has been remanded in custody after pleading guilty to charges related to a protest outside police headquarters last year, during months of unrest over a proposed extradition bill with China.
Vaccine progress is trumping bad economic news November 23, 2020
Investors have made up their minds: For the time being, vaccine euphoria is outweighing bad economic news triggered by coronavirus restrictions.
CNN reporter: Trump seemed like an outsider at G20 summit November 23, 2020
President Donald Trump railed against the Paris climate accord and touted US oil and natural gas production during a virtual session focused on safeguarding the environment on the final day of the G20 summit. CNN's Nic Robertson reports from Riyadh, Saudi Arabia.
Footballer Anele Ngcongca dies in a car accident aged 33 November 23, 2020
Former South African football international Anele Ngcongca died in a car accident on Monday, according to the country's IPSS Medical Rescue service.
Now Snapchat has a TikTok copycat, too November 23, 2020
For years, social media platforms have blatantly copied some of Snapchat's most creative features. Instagram and parent company Facebook ripped off Stories -- posts that disappear after 24 hours -- which Snapchat created in 2013. Others followed suit with their own versions, including YouTube, Pinterest, LinkedIn and just last week, Twitter.
'They messed with the wrong generation': How young people shook up politics in Peru November 23, 2020
A political giant is stirring in Peru -- and it isn't the new president.
Oxford English Dictionary couldn't pick just one 'word of the year' for 2020 November 23, 2020
The Oxford English Dictionary (OED) has been unable to name its traditional word of the year for 2020, instead exploring how far and how quickly the language has developed this year.

Mississippi Casino Sues Insurer Westchester for Not Paying COVID-19 Loss November 23, 2020
A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses because of the coronavirus pandemic. Island View Casino Resort in Gulfport contends in the federal lawsuit that its …
Amy O'Connor
Louisiana’s Main Street Recovery Program to Award Another $2.3M in Grants November 23, 2020
The Louisiana Main Street Recovery Program is adding another $2.3 million in funding to increase the number of grants that can be awarded to eligible small businesses. The additional money comes from a transfer of administrative funding and will allow …
Stephanie K. Jones
Kemper to Acquire American Access Casualty in Illinois for $370M November 23, 2020
Specialty insurer, Kemper Corp., has agreed to acquire American Access Casualty Co, and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its subsidiaries (collectively “AAC”). AAC is headquartered in Downers Grove, Ill. The $370 million transaction is …
Stephanie K. Jones
Antidiscrimination Rules for Businesses OK’d by Georgia County Commissioners November 23, 2020
A middle Georgia county has approved an anti-discrimination ordinance that would govern businesses, despite opposition from some. Macon-Bibb commissioners voted 5-4 in favor of the proposal on Tuesday, sending it to Mayor Robert Reichert for his signature or veto, news …
Amy O'Connor
Best Agency to Work For Southeast: SouthGroup Insurance Services November 23, 2020
Employees at SouthGroup Insurance Services don’t just like where they work – they LOVE it. And going through the pandemic has only reinforced their love and appreciation of their employer, selected as Insurance Journal’s Best Agency to Work For – …
Amy O'Connor
RSG’s Trident Marine Managers, Global Special Risks Join Forces in Houston November 23, 2020
RSG Underwriting Managers LLC has consolidated two of its current managing underwriting manager businesses, Houston-based Trident Marine Managers (Trident) and Global Special Risks (GSR), and created a new practice vertical, Marine and Traditional Energy. Both managing general underwriting companies will …
Stephanie K. Jones
Torrent Technologies Adds Palomar Admitted Coverage to Flood Platform November 23, 2020
Torrent Technologies, a flood insurance technology and servicing company and part of Marsh, has formed an agreement with Palomar Specialty Insurance Co. to provide Torrent’s Write-Your-Own (WYO) carrier clients and their agents new, admitted private flood insurance options. Under the …
Amy O'Connor
Howden Buys Cyber and Tech Specialist Broker Safeonline November 23, 2020
Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. The acquisition underlines the importance Howden places on this fast-growing product line and gives it an …
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Oregon Man Arrested After Tesla Crashes, Sends Batteries Flying November 23, 2020
An Oregon man crashed a Tesla while going about 100 mph, destroying the vehicle, a power pole and starting a fire when some of the hundreds of batteries from the vehicle broke windows and landed in residences, police said. Dylan …
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Vallejo $750K to End Lawsuit Over Police Beating November 23, 2020
A handyman who was left bloodied after he was beaten and choked by Vallejo police will receive $750,000 from the city, it was announced Friday. The San Francisco Bay Area city agreed Thursday to settle a civil rights lawsuit filed …
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Hamilton Launches New Bermuda Special Purpose Insurer Called ‘Ada Re’ November 23, 2020
Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer. Ada Re has successfully secured capital commitments and, subject to …
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Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market November 23, 2020
Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the deal: Growth potential among Hispanic and other niche markets. Plans …
Andrea Wells
BMS Names Madell as Director in New Financial Lines Division November 23, 2020
BMS Group, the independent specialist re/insurance broker, announced the appointment of Chris Madell as director in BMS’ new Financial Lines division, effective immediately. Madell will be based in London, reporting to Ian Gormley, managing director of the BMS Global Risks …
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Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened November 23, 2020
The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued like one. While …
L.S. Howard
Theater at Renowned Jacob’s Pillow Dance Center in Massachusetts Burns Down November 23, 2020
A fire at the renowned Jacob’s Pillow dance center in Massachusetts destroyed a theater building, but no one was hurt. The fire at the Doris Duke Theatre was reported at about 7 a.m., Becket Fire Chief Paul Mikaniewicz told The …
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Connecticut Town Officials Charged in Probe of Hazardous Waste Dumping November 23, 2020
Five former or current officials of Fairfield, Connecticut, are among several people who have been arrested in connection with the illegal dumping of hazardous materials next to the town’s public works garage and efforts to hide the extent of the …
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Huge Vestas Wind Turbine Collapses in Northern Sweden in Rare Accident November 23, 2020
A 230-meter tall wind turbine built by Vestas Wind Systems A/S collapsed at a site in northern Sweden over the weekend. The cause of the accident is unknown and the company is assembling a team that will investigate at the …
L.S. Howard
Johnson & Johnson to Pay $120 Million in NY Baby Powder Case November 23, 2020
Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after she blamed her cancer on asbestos exposure from using the company’s baby powder. Justice …
Andrea Wells
Best Agency to Work For East: William A. Smith & Son Insurance November 23, 2020
Not all insurance agents are created equal. At least that’s what William A. Smith & Son Insurance states on its website, a claim that serves as a testament to the agency’s mission of serving clients and employees through strong communication …
Elizabeth Blosfield
Praedicat Develops Insurance Tool for COVID-19 Liability November 23, 2020
Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which allows insurers to track exposures, establish reserves, and manage aggregations in the face of this generation’s largest emerging risk, the …
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