Fri, 05 Jun 2020 19:23:28 +0000
Most workers in Washington will be required to wear a mask or face covering at work under new coronavirus workplace safety and health requirements that take effect June 8. With few exceptions, workers must wear some type of face covering …
Fri, 05 Jun 2020 18:33:40 +0000
An insurance company representing a Colorado resort filed a lawsuit against the Durango & Silverton Narrow Gauge Railroad for damage costs associated with an extended wildfire. Purgatory Resort’s insurance provider submitted the claim shortly before th...
Fri, 05 Jun 2020 16:59:19 +0000
Florida bars, bowling alleys and theme parks will be part of the next phase of reopening the state in the midst of the coronavirus pandemic, Republican Gov. Ron DeSantis announced Wednesday. DeSantis made his announcement at Universal Orlando Resort, w...
Fri, 05 Jun 2020 16:58:17 +0000
South Carolina health officials issued a warning Wednesday that people who go to graduations, businesses or other recently opened places and aren’t careful about wearing masks or social distancing may be contributing to an increase in COVID-19 cases in...
Fri, 05 Jun 2020 16:41:08 +0000
A Louisiana insurance agency that state insurance regulators say enabled a former insurance producer to transact insurance business without a license has been issued a Cease and Desist order. Insurance Commissioner Jim Donelon issued the C&D order to B...
Fri, 05 Jun 2020 16:37:45 +0000
At least one tornado moved through west-central and southern Minnesota, but there are no reports of injuries or widespread damage, according to the National Weather Service. The tornado was reported near Garden City about 5 p.m. on June 2. The …
Fri, 05 Jun 2020 16:36:51 +0000
Two New Orleans universities, the Roman Catholic Archdiocese of New Orleans and a government contractor are defendants in a whistleblower lawsuit alleging fraud involving more than $100 million in Hurricane Katrina aid. The 2016 federal lawsuit was uns...
Fri, 05 Jun 2020 16:32:40 +0000
The city of Minneapolis says the looting and property damage that following the death of George Floyd in police custody has caused least $55 million in destruction so far. Vandals damaged or set fire to at least 220 buildings, but …
Fri, 05 Jun 2020 16:28:27 +0000
After a last-minute scramble to pass the business lobby’s top priority for the regular session, Republican legislators quickly realized they mangled the language of the bill aimed at limiting damage claims against insurance companies in car wreck lawsu...
Fri, 05 Jun 2020 16:00:59 +0000
Lloyd’s announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace. The decision to merge the two entities was first announced in November 2019. ‘The combination of board and council will …
Fri, 05 Jun 2020 15:00:13 +0000
The metal detectors every sports fan has become accustomed to at the gate might soon be accompanied by thermal body scanners as part of the gargantuan task of preventing the spread of the new coronavirus and other airborne diseases. And …
Fri, 05 Jun 2020 14:42:27 +0000
The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a result of looting. Governor Andrew ...
Fri, 05 Jun 2020 14:38:42 +0000
A magnitude 5.5 earthquake has jolted the region of California desert where a powerful quake last summer was followed by thousands of aftershocks, the U.S. Geological Survey confirmed. The USGS says Wednesday’s quake hit at a fairly shallow depth short...
Fri, 05 Jun 2020 14:34:47 +0000
A grass fire burning northeast of San Francisco destroyed or damaged about a dozen homes Wednesday and prompted evacuations of several streets, fire officials said. The fire erupted at around 3:30 p.m. near a wildlife center in Suisun City, near …
Fri, 05 Jun 2020 14:33:21 +0000
Arch Insurance International, part of Arch Capital Group Ltd., has today announced the appointment of Simon Williams to the position of active underwriter, Syndicate 1955. He will be supported by David Slade as deputy active underwriter, who has held t...
Fri, 05 Jun 2020 14:30:10 +0000
American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a rare sit-down interview. “I needed to see things …
Fri, 05 Jun 2020 13:44:06 +0000
Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy. Discussions for a license to manage its own assets in China are at …
Fri, 05 Jun 2020 13:32:44 +0000
A brief but severe storm killed three people in southeastern Pennsylvania and ripped the roof off a seven-story apartment building, authorities said. Montgomery County officials said the three fatalities occurred in separate incidents during Wednesday’...
Fri, 05 Jun 2020 13:22:41 +0000
Veruna, a Hopkinton, Mass.-based developer of an insurance industry agency management system (AMS) built on the Salesforce platform, has hired Mark Johnson as its new head of product. Johnson brings more than 20 years of experience building and leading...
Fri, 05 Jun 2020 13:21:24 +0000
No matter where you work in the property/casualty insurance industry, your experience is important. How is the coronavirus pandemic affecting you now? Going forward? What do you expect to change? When will you be ready to travel? How do you …
Fri, 05 Jun 2020 13:11:41 +0000
A man has been held without bail on a charge of setting fire to a New Hampshire middle school, and police believe he paddled a canoe from Maine with a propane tank and a bucket of flammable liquid, authorities said. …
Fri, 05 Jun 2020 13:08:44 +0000
Argo Group International Holdings will pay $900,000 to the Securities and Exchange Commission for failing to fully disclose perks and benefits provided to its former chief executive officer. In proxy statements filed from 2014 through 2018, Argo failed...
Fri, 05 Jun 2020 12:04:47 +0000
Rocks being thrown by President Trump are causing major ripples in the insurance pond. His declaration that Antifa would be labeled a terrorist organization raised questions regarding whether coverage would be excluded, limited, or provided by the vari...
Fri, 05 Jun 2020 11:50:26 +0000
Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to help Hippo – a managing gen...
Fri, 05 Jun 2020 09:30:05 +0000
AM Best has upgraded the credit ratings of Fidelis Insurance Holdings Ltd. and its subsidiaries. AM Best upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” …
Fri, 05 Jun 2020 06:11:14 +0000
Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve Menzies. Blue Ridge, which works wi...
Fri, 05 Jun 2020 06:02:12 +0000
Crawford & Company, a global independent provider of claims management and outsourcing services to carriers, brokers and corporates, is has promoted Tami Stevenson to senior vice president, global general counsel. Stevenson will report to Joseph Blanco...
Fri, 05 Jun 2020 05:31:28 +0000
At least 44 meatpacking workers in the U.S. have died from the new coronavirus and another 3,000 have tested positive, according to an estimate released on May 28 by the largest union representing workers. Meat processing plants have become hot …
Fri, 05 Jun 2020 05:00:54 +0000
The Liberty Company Insurance Brokers in Woodland Hills, Calif., has named Heather DePiero the associate director of business development. DePiero will be responsible for identifying and cultivating new risk advisor talent and agency partners, as well ...
Fri, 05 Jun 2020 05:00:38 +0000
While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the situation differently, a financial analyst report...