Mon, 06 Apr 2020 07:30:03 +0000
The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them well before the pathogen spread across Thailand an...
Mon, 06 Apr 2020 06:55:41 +0000
Billionaire West Virginia Gov. Jim Justice’s coal companies have agreed to pay more than $5 million for thousands of mine safety violations, federal prosecutors said Wednesday. The civil case brought by prosecutors in Virginia last year on behalf of the …
Mon, 06 Apr 2020 06:12:35 +0000
Newport Beach, Calif.-headquartered Alliant Insurance Services has tapped Kevin Dolan and Craig Graham to co-lead the national wrap up insurance team for Alliant Construction Services Group. Dolan is based in New York City and Graham is based in Los An...
Mon, 06 Apr 2020 05:00:19 +0000
The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University’s Tropical Meteorology Project said on Thursday. Four major...
Mon, 06 Apr 2020 05:00:16 +0000
In August, months before the first case of the new coronavirus was documented, some of Colorado’s top health officials gathered in a room at the state Department of Public Health and Environment to train for a pandemic. The hypothetical scenario: …
Mon, 06 Apr 2020 01:46:29 +0000
Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes standing idle at airports, at 205, with Hong …
Sun, 05 Apr 2020 23:58:12 +0000
The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more than $100 million, which it c...
Fri, 03 Apr 2020 19:52:19 +0000
California Insurance Commissioner Ricardo Lara has issued a notice to insurers ordering them to stop enforcing policy or statutory deadlines on policyholders for claims or coverage until 90 days after the statewide “state of emergency” or other “state ...
Fri, 03 Apr 2020 16:58:11 +0000
As the nation hunkers down and people shelter in place amid the coronavirus pandemic, several Mississippi businesses have stayed open, switching gears to make much-needed products. A jeans company is making face guards, a coffeehouse is making loaves o...
Fri, 03 Apr 2020 16:54:10 +0000
A gender reveal party mixed with explosives sparked a 10-acre fire in Florida. It happened Saturday in Brevard County, WESH-TV reported. The county has prohibited open burning because of an increase in fires, and officials are urging people to follow …
Fri, 03 Apr 2020 16:44:26 +0000
As coronavirus cases spike ever higher in Louisiana, the state’s nursing homes, assisted living sites and adult residential care facilities are showing more and more “clusters” of the virus, but the full scale of the outbreak at those sites remains …
Fri, 03 Apr 2020 16:23:30 +0000
Oklahoma City-based Insurance Risk Partners (IRP) has entered into a partnership with BRP Group Inc. to become part of their BKS-Partners operating group. IRP was formed in 2016 by industry veterans Paul and David Brown, and Patrick Truhlar, who have …
Fri, 03 Apr 2020 15:52:55 +0000
Two lawsuits have been filed in federal court in Illinois by a group of businesses — who were forced to close their operations by government authorities as a result of the COVID-19 pandemic — over the denial of business interruption …
Fri, 03 Apr 2020 14:36:07 +0000
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited BWay Corp., doing business as Mauser Packaging Solutions, for workplace safety and health hazards after an employee suffered an amputation on Sept. 26, 2019, ...
Fri, 03 Apr 2020 14:00:12 +0000
The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better the bottom line is understandable. But before they pursue automation that could put the jobs of human employees...
Fri, 03 Apr 2020 13:25:11 +0000
There is no evidence that Covid-19 has been transmitted by food or food packaging, according to U.S. federal health agencies. How the virus fares among food workers may be a different story. By law, food manufacturers must prevent anyone who …
Fri, 03 Apr 2020 12:26:05 +0000
Talks between Bayer AG and plaintiff lawyers to settle claims that the German company’s glyphosate-based weedkillers cause cancer have been slowed by the coronavirus pandemic, Bayer’s Chief Executive told daily Handelsblatt. “This is about currently no...
Fri, 03 Apr 2020 12:23:45 +0000
Greenlight Capital Re, Ltd., the Cayman Islands-headquartered reinsurer, announced it has decided to continue with its existing business plan after completing a strategic review of transaction alternatives. Following a recommendation made by a special ...
Fri, 03 Apr 2020 12:13:48 +0000
Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to …
Fri, 03 Apr 2020 12:05:58 +0000
Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a senior vice president …
Fri, 03 Apr 2020 11:51:02 +0000
Munich Re Specialty Group (MRSG) has appointed Hui Yun Boo as head of Asia, effective April 3, 2020. Boo will be based in the firm’s Singapore office and will lead Munich Re Syndicate offices throughout the Asia region. Boo has …
Fri, 03 Apr 2020 11:50:58 +0000
Maine Governor Janet Mills requested a federal disaster declaration Wednesday as the state recorded two more COVID-19 deaths, dozens more people tested positive, and the start of a “stay-at-home” order neared. If approved, the declaration would open th...
Fri, 03 Apr 2020 11:47:58 +0000
Sayata Labs has announced two new hires to boost its on-the-ground capabilities. Valorie Owens will serve as U.S. business development manager, and Ben Goldfien will serve as insurance operations manager. They will both report to recent hire and former...
Fri, 03 Apr 2020 09:28:28 +0000
BMS Group, the independent specialist re/insurance broker, announced the conclusion of a preferred partner agreement with the new wholesale and specialty broker Tagus Specialty in Portugal. An ambitious production plan has been developed that will see ...
Fri, 03 Apr 2020 09:03:02 +0000
Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd’s earnings and underwriting performance due to claims from the COVID-19 pandemic. The n...
Fri, 03 Apr 2020 07:02:18 +0000
When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning t...
Fri, 03 Apr 2020 06:19:43 +0000
North Carolina Insurance Commissioner Mike Causey has activated an emergency declaration that gives policyholders in all 100 counties the option to defer insurance premium payments should they need to do so. The order was activated March 27 as a result …
Fri, 03 Apr 2020 06:06:22 +0000
A Bellevue, Washington, dentist was accused of using lighter fluid and accelerant to set fires in his exam and X-ray rooms after being evicted from his office for failing to pay rent, King County prosecutors said. Mohammad “Matt” Rafie, 53, …
Fri, 03 Apr 2020 05:56:07 +0000
Workers’ compensation insurer Third Coast Underwriters (3CU) has promoted Peter Vaughn to director, Insurance Operations, and Mike Altman to regional director, Business Development. Vaughn and Altman are based at 3CU’s headquarters in Chicago. Vaughn b...
Fri, 03 Apr 2020 05:55:41 +0000
The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm. After affirming a slew of companies in mid-March, Demotech ...