April 7, 2020
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...
Mon, 06 Apr 2020 16:51:14 +0000
Louisiana Insurance Commissioner Jim Donelon in late March issued Emergency Rule 40, which places a moratorium on insurance policy cancellations and non-renewals for policyholders in Louisiana. The emergency rule is a result of the statewide public hea...
Mon, 06 Apr 2020 16:44:51 +0000
Southfield, Michigan-based AmeriTrust Group on March 20 said its admitted insurance carriers will guarantee renewal of all general business policies for the next 90 days, except in certain situations including in cases of fraud and misrepresentation, a...
Mon, 06 Apr 2020 16:40:26 +0000
Firefighters kept working on Saturday to slow the spread of western North Carolina wildfires that have spread due to high winds, the U.S. Forest Service said. A fire that began on private property Friday in Haywood County expanded to the …
Mon, 06 Apr 2020 16:35:58 +0000
Madison, Wisconsin-based American Family Insurance says it will return approximately $200 million to its auto insurance customers as the COVID-19 pandemic has dramatically altered driving habits and created financial uncertainty for individuals and fam...
Mon, 06 Apr 2020 16:29:46 +0000
Three residents of a central North Carolina nursing home have tested positive for COVID-19, public health officials announced on Saturday as overall cases statewide exceeded 2,400. The three cases occurred within the population of the Springbrook Rehab...
Mon, 06 Apr 2020 16:24:40 +0000
Federal workplace safety officials have cited 12 businesses with safety violations in connection with partial collapse of the Hard Rock Hotel in New Orleans in which three workers died and 18 others were seriously injured. The U.S. Department of Labor’s …
Mon, 06 Apr 2020 16:16:43 +0000
A federal judge has blocked enforcement of provisions in a Kansas law that ban the secret filming at slaughterhouses and other livestock facilities. U.S. District Judge Kathryn Vratil issued the permanent injunction after finding in January that the st...
Mon, 06 Apr 2020 16:13:48 +0000
A Kansas-based company intends to hire more than 150 new employees in West Des Moines, Iowa, as the state’s unemployment claims continue to soar from the impact of the COVID-19 pandemic. SelectQuote said it is filling the positions as part …
Mon, 06 Apr 2020 16:11:54 +0000
The start date for implementation of the new building code standard for Texas’ property insurance provider for wind and hail in counties along the state’s coastline has been extended. The Texas Department of Insurance (TDI) issued an emergency rule to …
Mon, 06 Apr 2020 16:11:39 +0000
Orchid Underwriters Agency, LLC, an independent managing general underwriters with a focus in catastrophe-exposed properties, has appointed Michael Garamoni as chief financial officer. Garamoni has spent the past 13 years in finance, reporting and plan...