Utilities and municipalities may face additional liability and regulatory risks after the Environmental Protection Agency's recent proposal to impose federal limits on PFAS, or "forever chemicals," under the Safe Drinking Water Act. In an interview with Business Insurance, Environmental& Natural Resources partner Reza Zarghamee stated that if the rule…
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–Simplifya, the leading regulatory and operational compliance software platform serving the cannabis industry, announced it has teamed up with leading insurance carriers and brokers servicing the cannabis sector to launch the Risk Mitigation Alliance, a first-of-its-kind offering designed to help cannabis businesses more affordably manage their…
BRP Group, Inc., an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial clients, today announced its second annual Directors and Officers Benchmarking Report, revealing a steep decline in D&O insurance premiums in 2022, after several years of rate increases. More than 350 public…
Against a backdrop of economic challenges, adults are beginning to feel less positive about the current state of their finances in 2023, according to the latest findings from the New York Life Wealth Watch survey. “The journey to building and maintaining financial wellness is not linear, as both expected and unexpected events can cause setbacks in a financial…
–NEXT Insurance, a leading digital insurtech transforming small business insurance, today formally announced its strategic hire of Jack Ramsey to lead the company's agent channel. "Serving the insurance needs of small business owners as an agent or broker requires great coverage, competitive pricing, and an easy, efficient quoting and binding experience,"…
–Peace Hills General Insurance Company, an auto, home, and business insurer in Western Canada, is enhancing its claims workflow with the Xactimate and XactAnalysis ® solutions from Verisk, a leading global data analytics and technology provider. “Providing an exceptional customer experience is at the forefront of what we do and it has become crucial to ensure a…
–M Split Corp. declares its monthly distribution of $0.03125 per share for Class I Preferred shareholders. Distributions are payable May 10, 2023 to shareholders on record as at April 28, 2023.. M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.
–M Split Corp. declares its monthly distribution of $0.03125 per share for Class I Preferred shareholders. Distributions are payable May 10, 2023 to shareholders on record as at April 28, 2023.. M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.
WASHINGTON, April 19– The Center for American Progress issued the following news release:. As pandemic-era Medicaid protections wind down, Congress must act now to protect the health of all Americans through expanding vaccine access, at no cost, no matter one's health insurance status. A new CAP column calls on Congress to establish a Vaccines for Adults program,…
The U.S. Department of the Treasury's Internal Revenue Service issued the following news release:. The Internal Revenue Service, Departments of Labor and Health and Human Services have jointly issued Frequently asked questions about the Affordable Care Act Implementation, Families First Coronavirus Response Act, Coronavirus Aid, Relief, and Economic…
"The combination of Oakbridge with Wilson Insurance provides clients access to expanded insurance carrier and risk management solutions," said Robbie Smith, Chief Executive Officer at Oakbridge Insurance. "Our partnership with Wilson Insurance further enhances our already dominant position in Southeast Georgia and adds several key client…
Apr. 19— In one report after another earlier this year, counties from Los Angeles to Sacramento warned Medi-Cal officials that they don't have enough trained staff— or simply don't know whether they do— to process the millions of Californians whose cases come up for renewal starting in June. For three years now, ever since federal officials declared a public…
Monday's announcement came after Florida Insurance Guaranty Association requested the 1% surcharge— called an emergency assessment— to cover costs of claims. FIGA is a nonprofit agency that handles claims when insurance companies go under in Florida. This year, seven property insurers have been declared insolvent, according to a Jim Saunders News Service…
Premium growth for publicly traded U.S. life/annuity insurance companies continued to recover in 2022, but was countered by declines in investment and fee income that drove total GAAP revenue down by 12% to $291.5 billion, according to a new AM Best report. “Many of the publicly traded life insurance companies have substantially reduced their product…
SAN FRANCISCO& NEW YORK—- Today, Ciox Health ®, a Datavant company, and Oscar Health, Inc., the first health insurance company built around a full stack technology platform, announced that they have renewed and expanded their digital services agreement. "Ciox's offering, both from a product and financial perspective, is strategically aligned with our broader…
The Senate Budget Committee issued the following testimony by Judith Curry, president of the Climate Forecast Applications Network, involving a hearing on March 22, 2023, entitled "Risky Business: How Climate Change is Changing Insurance Markets":. I am President of Climate Forecast Applications Network and Professor Emerita and former Chair of the School of…
The Senate Budget Committee issued the following testimony by Jerry Theodorou, director of finance, insurance, and trade at the R Street Institute, involving a hearing on March 22, 2023, entitled "Risky Business: How Climate Change is Changing Insurance Markets":. Thank you for the opportunity to offer testimony on how climate change is affecting insurance…
The U.S. Attorney for the District of Connecticut, Vanessa Roberts Avery, issued the following news release on April 18, 2023:. Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and William Tong, Connecticut Attorney General, today announced that KELLY STUTZMAN, and her business, K-ASSIST, LLC, entered into a civil settlement…
The Senate Budget Committee issued the following testimony by Aon President Eric Andersen involving a hearing on March 22, 2023, entitled "Risky Business: How Climate Change is Changing Insurance Markets":. I am Eric Andersen, President of Aon and a 30- year veteran of the insurance industry. On behalf of my 50,000 colleagues at Aon, I would like to thank Chairman…
