Look Who Is Betting on the Agency System

Article 0 Comments According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting on agents and brokers. Nationwide Last spring, giant Nationwide announced […]

Affluent Market Rivals Not Making Much of a Dent in Chubb’s Business

Article 0 Comments Chubb’s high-net-worth personal lines insurance business may have some new competition, but Chairman and CEO Evan Greenberg and a key executive say those rivals haven’t made much of a dent. “From my point of view we don’t see a change of any consequence in the competitive environment […]

Thousands of Lawsuits Demanding PG&E Pay for Damages from Wildfires

Article 0 Comments Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected by fires. They range from a rancher’s $3,000 small claims complaint to insurance companies’ demands […]

Allianz Has Reinsurance Exposure to Vale Dam Disaster: Sources

Article 0 Comments German insurer Allianz may have to cover some of the costs of the dam collapse at Vale’s Corrego do Feijao mine in Brazil, two people familiar with the matter told Reuters. Allianz’s Global Corporate & Specialty division (AGCS) leads a consortium of reinsurers that assumed some risks […]

Shutdown Delays Disaster Relief for Some North Carolina Farmers

Article 0 Comments The federal government shutdown is delaying disaster relief for some North Carolina farmers. The Fayetteville Observer reported last week the shutdown has mostly closed the federal Farm Service Agency responsible for a document required in farmer applications for state disaster relief. North Carolina set aside $240 million […]

Salmonella Concerns Prompt Recall of Some General Mills Flour

Article 0 Comments General Mills is voluntarily recalling some bags of its Gold Medal Unbleached Flour because of salmonella concerns. The 5-pound (2.26 kilograms) bags have a “better if used by” date of April 20, 2020 and the UPC code 000-16000-19610-0. Customers should discard the product. The company says it […]

Pension Trustees Seek Corporate Disclosure of Sexual Harassment Costs, Policies

Article 0 Comments A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem. “We don’t see how it could possibly be accretive to corporate value to have a culture […]

Florida County Wants Hurricane Michael Named Category 5 Storm

Article 1 Comments Some officials in one Florida Panhandle county are pushing for Hurricane Michael to be labelled a Category 5 storm. The News-Herald reports that some in Bay County – which was hit hard by the fierce October storm – want the Cat. 5 label both as leverage to […]

Georgia Farmers Eligible for Loans to Cover Hurricane Losses

Article 0 Comments Some Georgia farmers are eligible for federal loans to help cover the costs of losses sustained because of Hurricane Michael. The Augusta Chronicle reported Tuesday that Agriculture Secretary Sonny Perdue designated several Georgia counties as primary natural disaster areas, allowing the U.S. Department of Agriculture to offer […]