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Hiscox Enhances Security Incident Response Product for Businesses
Hiscox has enhanced its Security Incident Response (SIR) product to provide additional protection for ‘business integrity risks’ including corruption and fraud. The new SIR policy also includes cover for expenses incurred by a business when dealing with an insured event. …

POSTED MAY 21, 2019 4:58 PM
West Virginia Fines Pipeline Builder $266K for Environmental Violations
The West Virginia Department of Environmental Protection and Mountain Valley Pipeline have agreed the latter will pay $266,000 for environmental violations dating back to April 2018. The Charleston Gazette-Mail reports the consent agreement dated April 19 was made public last …

POSTED MAY 21, 2019 4:50 PM
Tennessee Governor Appeals Federal Denials of Individual Flood Aid
Tennessee Gov. Bill Lee has filed an appeal after the federal government denied his request for individual aid for residents in five counties battered by flooding and severe storms. A news release from the Tennessee Emergency Management Agency says the …

POSTED MAY 21, 2019 4:48 PM
Texas Moves Against Unlicensed Georgia Firm Selling Health Insurance Plans
The Texas Department of Insurance (TDI) has filed an action to stop Georgia-based Aliera Healthcare from selling health insurance in Texas without a state license. The public hearing will begin at 9 a.m. May 28 at the State Office of …

POSTED MAY 21, 2019 4:36 PM
Texans in Congress Push for Release of Billions in Federal Harvey Aid
After urging the Trump administration for over a year to release billions in long-awaited disaster relief funding to Texas and other disaster-affected states to no avail, Texans in Congress are now taking more aggressive measures. This week, U.S. Reps. Randy …

POSTED MAY 21, 2019 4:27 PM
Missouri Lawmakers Act to Relax Helmet, Vehicle Safety Inspection Laws
Missouri lawmakers have given final approval to a measure that could relax a pair of roadway safety provisions. The legislation sent to Gov. Mike Parson on Friday would do away with the need for vehicle safety inspections on an estimated …

POSTED MAY 21, 2019 4:19 PM
Quicken Loans’ Gilbert Starts Ballot Drive to Cut Michigan Auto Premiums
Billionaire businessman Dan Gilbert is starting a ballot drive as a “failsafe” in case Michigan’s Republican-led Legislature and Democratic Gov. Gretchen Whitmer do not enact legislation to cut the country’s highest auto insurance premiums. The move, confirmed Monday by Gilbert’s …

POSTED MAY 21, 2019 4:17 PM
Liberty Specialty Markets Taps Kunzer to Lead New Trade Credit Product Line
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, appointed Paul Kunzer to the role of head of Trade Credit Multi-Buyer and Excess of Loss (XOL). Based in Chicago, Kunzer will lead the development of LSM’s new Trade Credit offering …

POSTED MAY 21, 2019 4:14 PM
Storm-and-Twister Threat Moves to Arkansas-Missouri Farm Belt
The heavy rain, high winds and hail that swept across the southern Great Plains is now headed to Arkansas and Missouri, where farmers are already struggling to get crops in the ground in a brutally wet spring. The massive outbreak …

POSTED MAY 21, 2019 3:58 PM
P/C Insurance Industry’s Net Underwriting Income Up 24% in Q1, Reports A.M. Best
The U.S. property/casualty industry posted net underwriting income of $4.2 billion in first-quarter 2019, a 24.0% increase from the same period in the previous year, according to preliminary financial results. According to Best’s Special Report, “First Look—3 Month Property/Casualty Financial …

POSTED MAY 21, 2019 2:57 PM

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