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Sage Insurance Increases Capacity, Coverage for Secondary Homes in California
Sage Insurance Holdings LLC (Sage), a California wildfire-focused homeowners insurance provider, has increased its capacity and will now write exposures up to $4 million TIV. For a primary home, that translates to an allowable Coverage A of $2.1 million. In …

POSTED DECEMBER 12, 2019 5:07 AM
Germany, Global Parametrics, Hannover Re Launch Climate Impact Fund
Hannover Re and a parametrics company along with several German economic development agencies have created a natural disaster fund targeting investments in risk-transfer instruments relating to natural catastrophes and climate risks in developing markets. The fund — the Natural Disaster …

POSTED DECEMBER 12, 2019 2:24 AM
11 People Treated for Injuries from Chemical Reaction at Alabama Plastic Plant
Medical workers treated nearly a dozen people and firefighters evacuated a building Monday after a chemical reaction caused injuries inside a manufacturing plant. The Montgomery Fire Department said the incident happened after chemicals became mixed accidentally at Kinpak, a plastic …

POSTED DECEMBER 11, 2019 5:56 PM
Law Enforcement Investigating Cyberattack on Florida City Where Navy Attack Occurred
Federal authorities are investigating a cyberattack on the city of Pensacola, Florida, home to the naval air station where a Saudi flight student killed three sailors and wounded eight others on Friday. Mayor Grover Robinson on Monday said it’s not …

POSTED DECEMBER 11, 2019 5:42 PM
Southeast Insurance Chiefs Farmer, Altmaier Elected to Top NAIC Posts
South Carolina Department of Insurance Director Ray Farmer and Florida Insurance Commissioner David Altmaier have been elected to the positions of president and president-elect, respectively, of the NAIC (National Association of Insurance Commissioners). The two were voted in at the …

POSTED DECEMBER 11, 2019 5:34 PM
EMC Insurance CEO Kelley To Retire in March; Jean Named as Successor
Bruce Kelley, CEO, president and treasurer, has informed the Employers Mutual Casualty Co. (EMC) board of directors that he is retiring in March, 2020 after 35 years with the insurer Scott Jean, currently executive vice president for Finance and Strategy, …

POSTED DECEMBER 11, 2019 5:02 PM
Special Report: America’s Best Independent Insurance Agencies to Work For
The votes have been tallied and the results are in for the 2019 Best Independent Insurance Agency to Work For survey by Insurance Journal. The winners have been chosen by employees. Employees of the Best Agencies to Work For in …

POSTED DECEMBER 11, 2019 5:00 PM
Calpers: One-Fifth of Public Holdings Exposed to Climate Risk
About one-fifth of the California Public Employees’ Retirement System public markets portfolio is exposed to potential losses from climate change, the $381 billion pension fund manager reported this week in its first ever climate-risk disclosure report. The report, mandated by …

POSTED DECEMBER 11, 2019 3:37 PM
BMS Re Revamps U.S. Reinsurance Management; Appoints Chandler President and CEO
Reinsurance broker BMS Group announced a series of management changes within its U.S. reinsurance team as the intermediary continues its expansion. This follows the completion in October of a large-scale investment into BMS by British Columbia Investment Management Corp. and …

POSTED DECEMBER 11, 2019 2:33 PM
Virginia Beach Mass Shooting Led to 450 Workers’ Comp Claims
Workers’ compensation claims have emerged as another yardstick for measuring the devastation of the mass shooting in Virginia Beach. The Virginian-Pilot reported Sunday that 450 city employees have filed for workers’ compensation benefits. The vast majority of the claims are …

POSTED DECEMBER 11, 2019 2:21 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Southland Auto Insurance Services INC confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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