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A.M. Best: Insurers Have Limited Exposure to PG&E Volatility from California Wildfires
Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to a daily briefing from A.M. Best. It was recently determined that a second power line of PG&E Corp. …

POSTED NOVEMBER 20, 2018 11:11 PM
Alera Group Acquires Orion Risk Management Insurance Services in California
Alera Group has acquired Orion Risk Management Insurance Services. Terms of the deal were not disclosed. Orion is a commercial insurance broker and risk management firm with three locations throughout Southern California. Deerfield, Ill.-based Alera Group provides employee benefits, property/casualty, …

POSTED NOVEMBER 20, 2018 6:43 PM
USG Names Gray Producer in Southern California
USG Holdings Inc. has named Ali Gray a producer/broker in the Irvine, Calif. branch. Gray will continue to build his book of business and assist with the expansion of USG’s West Coast footprint. He has 9 years of experience in …

POSTED NOVEMBER 20, 2018 6:32 PM
Minnesota Workplace Injury Rate Fell to an All-Time Low in 2017
Minnesota’s Department of Labor and Industry (DLI) in early November reported that the state’s estimated workplace injury and illness rate for 2017 is the lowest rate since the measurement started in 1973. According to the annual Survey of Occupational Injuries …

POSTED NOVEMBER 20, 2018 5:36 PM
Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System
The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit. “By early to mid-December, there would have to …

POSTED NOVEMBER 20, 2018 5:35 PM
Willis Towers Watson Announces Ganzi Will Succeed McCann as Board Chairman
Willis Towers Watson announced that James McCann will be succeeded as chairman of the board by Victor Ganzi, effective Jan. 1, 2019. McCann will step down as chairman three years after the merger of Willis and Towers Watson. He will …

POSTED NOVEMBER 20, 2018 5:16 PM
Texas Surplus Lines Stamping Office Launching ‘SMART’ Online Filing System in 2019
The Surplus Lines Stamping Office of Texas (SLTX) plans to launch “SMART,” its new online filing system in 2019. SLTX unveiled the new online system in a video presentation at the Texas Surplus Lines Association 2018 Annual Meeting in Austin …

POSTED NOVEMBER 20, 2018 5:13 PM
Credit Ratings of Wisconsin Mutual Insurance Upgraded
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Wisconsin Mutual Insurance Co. (Wisconsin Mutual) in Madison, Wisconsin. The outlook of these ratings has …

POSTED NOVEMBER 20, 2018 5:11 PM
PG&E’s $1.4B in Wildfire Insurance May Not Be Enough, But Was ‘Regular Amount’
PG&E Corp.’s $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the deadliest blaze in California history. But the company wasn’t necessarily skimping on coverage. That level of coverage is a “regular amount” …

POSTED NOVEMBER 20, 2018 5:08 PM
Lawmaker in California Working on Fire Relief Legislation for PG&E
A bill that would help PG&E Corp. absorb liabilities from this year’s fatal wildfires in California is being drafted at the request of a state assemblyman who helped shepherd earlier legislation on the issue. Kellie Smith, an adviser to assemblyman …

POSTED NOVEMBER 20, 2018 5:02 PM

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