Tue, 07 Apr 2020 16:49:31 +0000
Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the remaining premium. The …
Tue, 07 Apr 2020 16:41:28 +0000
More than 3,500 rental cars were damaged or destroyed in a fire that burned near a Florida airport before being contained late Friday night. The Fort Myers News-Press reports the cars were in a grassy area used as an overflow …
Tue, 07 Apr 2020 16:35:06 +0000
The Oklahoma House has granted sweeping new powers to the governor to respond to the deadly coronavirus outbreak. The House met in special session and approved the resolution under the never-before-used Catastrophic Health Emergency Act, which gives Go...
Tue, 07 Apr 2020 16:26:51 +0000
The Minnesota Legislature is reconvening to pass a bill to ensure that first responders and health care workers who contract COVID-19 qualify for workers’ compensation without having to prove that they contracted the disease on the job. Legislative lea...
Tue, 07 Apr 2020 16:23:53 +0000
Venture Underwriters Inc., a division of Allstar Financial Group, has expanded its Chicago underwriting team to include commercial underwriting veteran Chris Barrow. Barrow joins Chicago office as vice president specializing in commercial general liabi...
Tue, 07 Apr 2020 16:22:33 +0000
Insurance broker and risk advisor, Marsh, has appointed David Rahr as global leader, Multinational Client Service. Based in Chicago, he will report to Flavio Piccolomini, president, Marsh International, and Martin South, president, US and Canada. In th...
Tue, 07 Apr 2020 16:21:39 +0000
Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months early than scheduled. The company has historically paid dividends in June, and in response to the coronavirus pa...
Tue, 07 Apr 2020 16:16:31 +0000
Scott Kreuzer has been appointed senior managing director, Americas, at Aspen Re, effective May 4, 2020. Kreuzer joins Aspen Re from Axis Reinsurance where he has served as senior vice president, head of Casualty North America, since August 2018. He …
Tue, 07 Apr 2020 16:07:15 +0000
Experts and health officials who are trying to plan a response to the coronavirus outbreak are missing a critical piece of information — the number of health care workers who have tested positive for the disease. Washington state faced the …
Tue, 07 Apr 2020 15:29:18 +0000
A new study makes the case that entrepreneurship isn’t just for the young, or for men. From Steve Jobs to Mark Zuckerberg, the stories of prosperous, young innovators drive the American economic narrative. However, the truth is that older business …
Tue, 07 Apr 2020 15:19:10 +0000
Financial deals in the U.S. insurance industry dropped off 8% during February 2020 compared with the last 12-month average. According to GlobalData’s deals database, a total of 46 deals worth $3.27 billion were announced in February 2020, compared to t...
Tue, 07 Apr 2020 15:15:08 +0000
Arizona now has over 2,000 cases of the new coronavirus and the state’s death toll from the disease has topped 50, state health officials reported Saturday. The Department of Health Services reported 2,019 cases statewide with 52 death as of …
Tue, 07 Apr 2020 15:12:19 +0000
A man is suing the organizers of a 2018 Bend, Ore. horse show for serious injuries he says he suffered when high winds lifted the portable stall he and his horse were inside and threw them 40 feet. Jeffrey Ruthhardt …
Tue, 07 Apr 2020 15:04:19 +0000
Insurance industry veteran Kevin P. Brooks passed away on April 3, 2020, due to complications of COVID-19. Brooks had a long and successful career in the insurance industry, focusing on wholesale, specialty and surplus lines. His career began in 1969 …
Tue, 07 Apr 2020 14:19:38 +0000
United Airlines Holdings Inc. was sued by a passenger for refusing to issue refunds for canceled flights, three days after U.S. regulators ordered airlines to reimburse customers. The passenger, Jacob Rudolph, filed the suit in federal court in Chicago...
Tue, 07 Apr 2020 13:37:28 +0000
Participants in FineFix, Maryland’s auto fine forgiveness program, will be allowed to pause their payment plans during the current state of emergency in Maryland. The Uninsured Division of Maryland Auto Insurance is taking this action in order to provi...
Tue, 07 Apr 2020 13:31:15 +0000
Automobile insurers in Delaware are taking a number of actions in light of COVID-19, the Delaware Department of Insurance (DOI) announced. On Monday, Allstate announced it would embark on a premium payback program resulting in $1.5 million going back to …
Tue, 07 Apr 2020 12:44:32 +0000
The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards. “Many companies are under great pressure a...
Tue, 07 Apr 2020 11:50:21 +0000
The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19 crisis. The European Insurance an...
Tue, 07 Apr 2020 10:28:29 +0000
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew ...
Tue, 07 Apr 2020 10:07:34 +0000
Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced to closed or curtail operations...
Tue, 07 Apr 2020 09:07:43 +0000
Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better known. But the Australian Prudential Regu...
Tue, 07 Apr 2020 08:50:53 +0000
QBE Insurance Group has appointed Jason Harris as chief executive officer, International, succeeding Richard Pryce who is retiring at the end of this year. The role reports to Pat Regan, group chief executive officer and forms part of the group …
Tue, 07 Apr 2020 06:28:34 +0000
Florida state employees working on the frontlines of the COVID-19 pandemic will be eligible to receive workers’ compensation coverage under a recent directive from CFO Jimmy Patronis. In a March 30 order, Patronis directed the Division of Risk Manageme...
Tue, 07 Apr 2020 05:28:35 +0000
About two dozen residents at an assisted living center in western North Carolina have tested positive for COVID-19, marking a new case cluster in the state at corporate living facilities such as nursing homes. The Henderson County Health Department and …
Tue, 07 Apr 2020 05:18:48 +0000
Insurance Office of America (IOA) has added Travis Duke to its team in South Carolina. Duke joins IOA as a risk management specialist with a focus on liability, property, and workers compensation as well as risk assessment. Prior to joining …
Tue, 07 Apr 2020 05:00:47 +0000
Many companies are having to shutdown their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or negligence when decommissioning building...
Tue, 07 Apr 2020 05:00:26 +0000
Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws. The 11 lawsuits, filed on Friday ...
Mon, 06 Apr 2020 22:10:10 +0000
InterWest Insurance Services has acquired CBS Bond & Insurance Services in Sacramento, Calif. Terms of the deal were not disclosed. CBS specializes in bond and commercial insurance programs. InterWest is a regional insurance brokerage headquartered in ...
Mon, 06 Apr 2020 21:44:05 +0000
California Insurance Commissioner Ricardo Lara today alerted insurance companies that all workers affected by COVID-19 on the job are eligible for workers’ compensation benefits regardless of their immigration status. Lara’s alert includes workers enga...