For immediate release
NEW YORK, Jan. 28, 2021 The U.S. insurance industry
recognizes governmental policy priorities will change in 2021 given the outcomes of 2020’s elections, a panel agreed today at the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF). “What we have seen is nothing less than a tectonic shift in the power structures in D.C. and that is going to have profound implications for the policy initiatives that are going to be inbound toward us as an industry,” said David Sampson, President and CEO, American Property Casualty Insurance Association (APCIA), during a panel called
Trade Winds Navigation: More Rough Waters or Smooth Sailing Ahead ?
Steven D. Linkous, president and CEO of
Harford Mutual Insurance Group, has been appointed to the board of directors for Baltimore Equitable Insurance, the oldest company in Baltimore as well as the second oldest insurance company in the United States.
Linkous was appointed on November 3, 2020. He will serve on the Finance & Operations and Audit Committees. He will serve a two-year term and will be eligible for reappointment in 2023.
Linkous was named president and CEO of Harford Mutual in 2006 having directed the accounting, finance, and information technology divisions within Harford Mutual during his more than 35 years with the company.
Linkous currently sits on the board of trustees for Harford Community College (recently serving as Co-Chair of the HCC Presidential Search Committee). He also serves on the boards of the Boys Scouts of America Baltimore Area Council, Maryland Joint Insurance Association & DC Property Insurance Facility, the National Association of Mutual In
Press release content from Business Wire. The AP news staff was not involved in its creation.
Michigan Insurance Industry, Governance, Risk and Compliance Report 2020 - ResearchAndMarkets.com
January 20, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 20, 2021
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It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together the publisher’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in
Friday, January 15, 2021
Illinois law has not previously recognized prejudgment interest in tort actions for personal injury or wrongful death. Instead, Illinois’ judgment interest statute only imposes post-judgment interest in tort actions at the rate of 9 percent per year from the date of the judgment’s entry through the date of the judgment’s satisfaction. See 735 ILCS 5/2-1303(a) (section 1303). This may change, however, following the General Assembly’s passage of House Bill 3360 on January 13, 2021, which amends section 1303 to impose prejudgment interest in tort actions.
House Bill 3360 states that prejudgment interest at the rate of 9 percent per year is to be imposed in all tort actions seeking recovery for personal injury or wrongful death. It states further that prejudgment interest begins to accrue “on the date the defendant has notice of the injury from the incident itself or a written notice”:
GALAX, Va. — Grayson Carroll Wythe Mutual Insurance Company of Galax, Va., has promoted Randall H. Carpenter to the position of Chief Executive Officer effective Jan. 1, 2021.