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Coastal Insurance Underwriters Acquires Assets of Florida Tech Company Cybercom

 - 01/17/2020
Coastal Insurance Underwriters, Inc., a Ponte Vedra Beach Florida based MGU and program administrator, acquired the assets of Cybercom International Corp. on Jan. 2, 2020. Cybercom International Corporation, Inc. (CIC) was established in 1997 as a custom software development company …

Ceron Named BMS Latin America & Caribbean COO in Miami

 - 01/17/2020
BMS Group, an independent specialist reinsurance broker, has appointed of Alejandro Ceron as BMS Latin America & Caribbean chief operating officer, effective immediately. Ceron will be based in Miami and reports to Jose Astorqui, CEO of BMS Latin America & …

Labor Dept Rules Tennessee Utility Illegally Fired Whistleblower

 - 01/17/2020
The U.S. Department of Labor has ruled in favor of a nuclear engineer who says the Tennessee Valley Authority fired her in retaliation for reporting safety and personnel concerns. The Labor Department is ordering the utility to restore Beth Wetzel’s …

Newspaper Says Chemicals Found in Drinking Water Near South Carolina Air Base

 - 01/17/2020
A newspaper says it found high levels of a toxic chemical in the drinking water near one of South Carolina’s largest military bases. The Post and Courier paid University of Rhode Island researchers to examine tap water at the Crescent …

Alabama School District Closes School Damaged by EF-2 Tornado

 - 01/16/2020
A north Alabama school district is closing some of its schools this week after a tornado caused heavy damage at an elementary school, the superintendent said. A twister that forecasters determined was an EF-2 with winds up to 120 mph …

Alabama Police Say ‘Batman’ Bandit Stealing from Churches

 - 01/16/2020
Police in Alabama are looking for a man who disguised himself as Batman while stealing musical instruments from churches. A burglary happened on Dec. 11 at King’s Way Church in Irondale, AL.Com reported. The caped crook stole a keyboard and …

Sedgwick Acquires Restoration Industry Billing Software Firm, G&E Enterprises

 - 01/16/2020
Insurance and benefits claims firm Sedgwick reports it has acquired Chattanooga, Tennessee-based G&E Enterprises. G&E Enterprises is a tome and material billing and data management system for insurance restoration contracting. Its primary product is software-as-a-service offering T&M Pro. Sedgwick said …

Florida Legislative Session 2020: Insurance Bills to Watch

 - 01/16/2020
The Florida insurance industry will be focused on several key issues this session, including reform for auto glass (windshield) assignment of benefits (AOB) abuse, reforms to the state’s legal system, as well as changes to the Florida Hurricane Catastrophe Fund. …

Florida Legislative Preview 2020: Industry Calls On Lawmakers to Reform Lawsuit Abuse

 - 01/16/2020
The Florida Legislature started its 2020 legislative session this week and lawmakers are set to consider a number of insurance-focused issues over the course of the 60-day period. At the top of the list for industry and consumer advocates are …

West Virginia to Receive $866K Grant for Flood Recovery

 - 01/15/2020
The U.S. Labor Department awarded $866,675 for flood recovery in West Virginia, the state’s U.S. senators announced. The funding is through the Disaster Recovery National Dislocated Worker Grant Program. Flooding in February 2018 destroyed homes, displaced residents from jobs and …

South Carolina Mom Who Arranged Arson Fire That Killed Son Gets 35 Years

 - 01/15/2020
A mother in South Carolina has been sentenced to 35 years in prison for arranging a fire at her mobile home to get insurance money and killing her son, who she did not know was inside. The older brother of …

Alabama Attorney General Opposed to Anticipated Medical Marijuana Bill

 - 01/15/2020
The Alabama attorney general is opposing medical marijuana legislation expected to be introduced in the upcoming legislative session. In a Jan. 6 letter to lawmakers, Alabama Attorney General Steve Marshall called marijuana an addictive substance and drew parallels with the …

HCI to Acquire Policies of Florida’s Anchor P&C; Weston to Acquire Anchor Specialty

 - 01/15/2020
Two Florida-based homeowners insurers, Anchor Property & Casualty and Anchor Specialty Insurance, have succumbed to market pressures in the state and will be acquired by other companies. Tampa, Fla.-based HCI Group has entered into a preliminary agreement for its subsidiary …

An Update on Florida Insurer Downgrade Situation: Demotech Commentary

 - 01/14/2020
Demotech began involvement with the Florida homeowners’ insurance market at the State of Florida’s invitation in 1996 and today reviews and rates 46 insurers that write approximately 66% of Florida’s homeowners’ insurance premium. While Demotech reviews and rates 403 entities …

Severe Storms Leave Thousands Without Power in West Virginia

 - 01/14/2020
Thousands of customers remained without electricity in West Virginia on Sunday after severe storms swept through the state. Appalachian Power said on its website nearly 6,600 homes and businesses had no service Sunday evening in southern West Virginia, down from …