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Showing posts from April, 2020

CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’

Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s directors and officers insurance (D&O), replacing it with a promise to personally provide his board members with “equivalent” coverage to … from News – Insurance Journal https://ift.tt/2KLgf1I

States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows

As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving coronavirus-stricken commerce. The enormous pressure on … from News – Insurance Journal https://ift.tt/2yg2BB8

Trump Administration Defends Workplace Safety Record During Coronavirus Crisis

U.S. Labor Secretary Eugene Scalia on Thursday defended his department’s handling of workplace safety during the coronavirus pandemic, saying “the cop is on the beat” in response to union criticism about a lack of directives to protect workers. In a … from News – Insurance Journal https://ift.tt/2YnpZaD

How Cruise Ticket Legal Language May Foil Class Action Suits

After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic to get off the ship, they wrote a note to the captain. The Costa Luminosa sailed on with them still … from News – Insurance Journal https://ift.tt/2WaohGI

WCF Insurance Names Wall Regional Vice President in Arizona, Colorado, Nevada

WCF Insurance has named Mark Wall regional vice president over Arizona, Colorado and Nevada. Wall will report to Kevin Peterson, senior vice president of sales and distribution, and will be responsible for collaborating with WCF business leaders, developing agency relationships, … from News – Insurance Journal https://ift.tt/2KM7F2H

Alaska Villages Prepare for Possible Flooding Evacuations

Villages in an Alaska region are preparing for possible evacuations because of an increased possibility of spring flooding. The state’s emergency operations center is monitoring melting ice on rural rivers in the Yukon-Kuskokwim Delta, KYUK-AM reported. Entire villages may need … from News – Insurance Journal https://ift.tt/2zI0arj

Markel Estimates COVID-19 Losses of $325 Million

Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses. The holding company for specialty insurance and reinsurance, ILS … from News – Insurance Journal https://ift.tt/2SmaQCG

Maryland Insurance Administration Approves Temporary Rule Change for Workers’ Comp

The Maryland Insurance Administration has reviewed and approved a filing from its authorized workers’ compensation rating organization, the National Council on Compensation Insurance (NCCI), regarding a temporary rule change for workers’ compensation insurance. This comes after the administration issued a … from News – Insurance Journal https://ift.tt/3bM7jFf

CFC Appoints Groeber as Executive Vice President in New York

CFC, a specialist insurance provider in emerging risk, has appointed Shannon Groeber to the newly created role of executive vice president. Working from CFC’s office in New York, Groeber will be responsible for leading the company’s cyber strategy for its … from News – Insurance Journal https://ift.tt/2xllguO

Everest Insurance Names Jafari as Director of Alternative Solutions Group

Everest Insurance has named Yashar Jafari as director of the Alternative Solutions Group, where he will lead the newly-formed Tax Liability underwriting team. Jafari will be based out of the company’s New York City office. Jafari joins Everest after spending … from News – Insurance Journal https://ift.tt/35u3J0l

Covid-19: Broker calls on Chancellor to release Pool Re funds for BI claims

NDML is asking for some of Pool Re’s £6.6bn cash to be used to help businesses in the leisure and hospitality sector which have been hit by coronavirus. from Insurer - insuranceage.co.uk https://ift.tt/2SjtWJC

Blog: Why the government needs to back the insurance industry

Tom Powell shares his idea to help the insurance sector overcome the BI problems from Insurer - insuranceage.co.uk https://ift.tt/2SlumPw

NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry

New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and ensure long-term value for … from News – Insurance Journal https://ift.tt/2WbZYrR

Arron Banks and Elizabeth Bilney agree settlement with Electoral Commission

Commission states it accepts the National Crime Agency’s conclusions that it found no evidence that any criminal offences had been committed after it investigated loans totalling £8m provided to the Leave.EU campaign from one of Banks' other companies. from Insurer - insuranceage.co.uk https://ift.tt/2SC4SxF

Insurance Covid-Cast - episode six: From panic to practicalities, what will BI insurance look like when the Covid-19 recriminations settle down

In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how the insurance industry let the narrative over business interruption become national headlines for the wrong reasons. from Insurer - insuranceage.co.uk https://ift.tt/2VTrBr3

Lockton Re in London Taps Aon Re’s Mallon, Neon’s Foxall for North America, Int’l Teams

Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced two new appointments in its London office. Phillip Mallon will be joining the North American team on May 1 and Freya Foxall will join … from News – Insurance Journal https://ift.tt/3faWkYf

Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit

Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday. The Zurich-based company booked a hit of $476 million for anticipated and … from News – Insurance Journal https://ift.tt/3f2Q3xv

UK Regulator Probes Events Firms for Failure to Pay Refunds During COVID-19 Crisis

Britain’s competition regulator said it has opened investigations into thousands of complaints about companies refusing to pay refunds for canceled weddings and other events during the coronavirus pandemic. Britain has been in lockdown since March, forcing people to stay at … from News – Insurance Journal https://ift.tt/3faWgHZ

Free Clinics Try To Fill Gaps As COVID Sweeps Away Job-Based Insurance

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TUPELO, Mississippi — Joe Delbert hadn’t needed the Tree of Life Free Clinic in three years. The 55-year-old man, who moved to Tupelo from Georgia to take care of his dying father nearly four years ago, found manufacturing work that came with health insurance. But last month, he joined 26 million other Americans who have lost their jobs because of COVID-19 in the past five weeks. With the job went Delbert’s health coverage — and the money to pay for medications to control his diabetes and cholesterol. Insulin alone would cost him $600 a vial. Delbert said he would be sunk without the free clinic, which opens twice a month to provide health care at no charge to anyone without insurance. “My medications are so expensive,” Delbert said. Because of the medication assistance, he added, “I can keep my head above water.” Don't Miss A Story Subscribe to KHN’s free Weekly Edition newsletter. Sign Up Please confirm your email address below: Sign Up Typically, ...

Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims

Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been rejected. A new Hospitality Insurance Action Group (HIGA) on … from News – Insurance Journal https://ift.tt/2WahQU1

Georgia Coronavirus Deaths Top 1,000 Amid Reopening Effort

Georgia officials reported Tuesday the coronavirus has killed more than 1,000 people statewide as some local officials urged people to continue isolating at home in spite of the governor’s aggressive efforts to reopen businesses and reboot the economy. The Georgia … from News – Insurance Journal https://ift.tt/2VNWyMX

NTSB: Failure to Heed Warnings Led to Missouri Duck Boat Sinking

The primary cause of the sinking of a tourist-carrying duck boat on a Missouri lake in July 2018, in which 17 people were killed, was the continued operation of the vessel during severe weather, despite severe weather warnings issued by … from News – Insurance Journal https://ift.tt/3d5hbKB

Court Nixes $64M Award Against Fireman’s Fund in Reinsurance Spat with Utica Mutual

A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable … from News – Insurance Journal https://ift.tt/3bQKHU8

After Crisis, It Won’t Be Business as Usual – It Will Be Business Done Better: Opinion

As the insurance industry begins to settle into the new norm of working from home (WFH), most companies will be questioning the very fundamentals of their day-to-day operating models. Staff will, of course, be looking forward to the day when … from News – Insurance Journal https://ift.tt/35ffR58

Most Businesses Have Some Cyber Insurance But Gaps in Coverage Remain

The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by … from News – Insurance Journal https://ift.tt/2yWZY74

Consumer Groups Oppose Immunity for Businesses From Coronavirus Lawsuits

U.S. consumer advocates are urging Congress to resist growing demands by companies for protections from coronavirus-related lawsuits as states start to ease pandemic restrictions and businesses begin to reopen. Led by Public Citizen and the Center for Justice and Democracy, … from News – Insurance Journal https://ift.tt/2KNMugW

Chicago-Area Nursing Home Workers Threaten Strike in Midst of Pandemic

Workers at 40 Chicago-area nursing homes announced they have set a May 8 strike date over wages as many of the facilities are treating patients suffering from the coronavirus. Members of the Service Employees International Union, which represents more than … from News – Insurance Journal https://ift.tt/2KLNz8U

Velocity Risk Unveils New Coastal Homeowners Product for Florida, Texas

Velocity Risk Underwriters LLC has expanded its insurance products for homeowners in coastal areas of Florida and Texas. The company launched Velocity Flex Home as an additional homeowners product in Texas and Florida to give appointed agents the ability to … from News – Insurance Journal https://ift.tt/3d0DG3i

Lockton Promotes Marrero and Talym to Key Leadership Posts

Independent insurance brokerage Lockton two key leaders to support the company’s planned growth trajectory. Hiram Marrero, currently executive vice president and regional executive officer with Lockton, will assume the role of president, global growth officer, reporting to Ron Lockton, chairman … from News – Insurance Journal https://ift.tt/3cZEXHE

Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies

Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters. This follows several years of continuous growth in underwriting transaction risks, Beazley said in a statement. “We have seen … from News – Insurance Journal https://ift.tt/2KLkVEU

$1.4M to Mother of Homeless Man Killed by Police in California

A San Francisco Bay Area city has agreed to pay $1.4 million to the mother of a homeless man killed by police after they found him in a residential neighborhood with a gun in his hand. The April 23 vote … from News – Insurance Journal https://ift.tt/3f42WHK

Recovered from COVID-19, Wary First Responders Back on Job

The new coronavirus doesn’t care about a blue uniform or a shiny badge. Police, firefighters, paramedics and corrections officers are just a 911 call away from contracting COVID-19 and spreading it. With N95 masks hanging off their duty belts and … from News – Insurance Journal https://ift.tt/2zyPcnV

Lippa Insurance Services in California Names Sage Vice President

Lippa Insurance Services Inc. in Laguna Niguel, Calif., has named Andrew Sage as vice president of accounting. Sage is a third-generation family member to join the firm. He was previously worked with RJS Insurance Services, and with Sage Risk Management … from News – Insurance Journal https://ift.tt/3cVBiL9

California Earthquake Authority Named Administrator of Wildfire Fund

The California Catastrophe Response Council, which oversees the Wildfire Fund, has formally named the California Earthquake Authority the fund’s administrator. The Wildfire Fund was established by the California Legislature, under Assembly Bill 1054 and Assembly Bill 111, and was signed … from News – Insurance Journal https://ift.tt/3bNnT7z

Hiscox Action Group Gears Up to Take Hiscox to Court over COVID-19 BI Exclusions

Angry Hiscox policyholders have formed an action group in the UK to fight Hiscox’s pandemic exclusions to its commercial business interruption policies. More than 200 UK policyholders have joined the Hiscox Action Group, which has retained counsel and this week … from News – Insurance Journal https://ift.tt/2VQ1sJD

Amid Coronavirus Unemployment Surge, Millions of Remote and ‘Essential’ Workers Plug Away

Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home. The coronavirus crisis would appear to have put the entire U.S. economy on ice. Twenty-six million people have filed for … from News – Insurance Journal https://ift.tt/3aNfOyr

Federal, State Prosecutors Form Delaware COVID-19 Anti-Fraud Coalition

United States Attorney David C. Weiss and Delaware Attorney General Kathleen Jennings have announced the formation of a new Coronavirus (COVID-19) Anti-Fraud Coalition, aimed at better protecting the citizens of Delaware from criminal and civil fraud arising from the pandemic. … from News – Insurance Journal https://ift.tt/2VPZWap

Guy Carpenter Taps Williams from AIG as Global Head of Client Support Services

Guy Carpenter & Co., LLC, the reinsurance brokerage business of Marsh & McLennan Cos., announced that George Williams has been appointed managing director, global head of Client Support Services, effective immediately. In this role, Williams will be responsible for setting … from News – Insurance Journal https://ift.tt/2yXGZcw

New York AG Raises Concerns About Amazon’s Pandemic Safety Practices

Amazon.com Inc may have violated safety measures and labor practices amid the coronavirus pandemic as it fired a warehouse protest leader last month, New York Attorney General Letitia James’s office wrote in a letter to the company last week. “Amazon’s … from News – Insurance Journal https://ift.tt/2WbJuQq

Insurers Promote Federal Pandemic Insurance Plan to Congress

The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told Reuters. The campaign involves … from News – Insurance Journal https://ift.tt/3aQBlGu

Covid-19: QBE latest provider facing legal action after denying BI claims

Simon Sloane, partner at law firm Fieldfisher, says over 40 policyholders in the dental sector are interested in pursuing action. from Insurer - insuranceage.co.uk https://ift.tt/2yYoTHp

C-Quence unveils capacity deal with Zurich

MGA also launches Arag-backed legal expenses cover to its property and casualty product suite. from Insurer - insuranceage.co.uk https://ift.tt/3cWkYJT

Cruise Ship Passengers Seeking COVID-19 Class Action Suits Face Uphill Legal Battle

After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic to get off the ship, they wrote a note to the captain. The Costa Luminosa sailed on with them still … from News – Insurance Journal https://ift.tt/2y0imMA

Covid-19: Hiscox considers equity raise

Provider states it is "evaluating possible sources of capital" to respond to the pandemic. from Insurer - insuranceage.co.uk https://ift.tt/2VL8ejC

Covid-19: Hospitality group forms to fight insurers over BI

The group is being advised by Mishcon de Reya and will look into claims denied by any number of insurers naming Axa, China Taiping, RSA, Touchstone, and Zurich but excluding Hiscox. from Insurer - insuranceage.co.uk https://ift.tt/3bNVTAV

Unions Push Back on Trump Plan to Order Meat Processing Plants to Stay Open

President Donald Trump said on Tuesday he plans to order meat processing plants concerned about coronavirus outbreaks to stay open to protect the food supply in the United States, drawing a backlash from unions who said at-risk workers required more … from News – Insurance Journal https://ift.tt/2zDmqm9

How Coronavirus Shutdown Impacts Bayer Stance in Glyphosate Settlement

Bayer said the economic downturn and the need to preserve cash means it is taking a tougher stance in talks to settle claims over accusations that its glyphosate-based weedkillers cause cancer, even as its earnings rose. The pandemic has significantly … from News – Insurance Journal https://ift.tt/2SgQpqE

Many Tennessee Restaurants Get Green Light to Reopen Despite Virus Spread

Most of Tennessee’s restaurants were given the green light to allow dine-in service once again Monday as part of Gov. Bill Lee’s directive to begin reopening the state’s economy that had been largely closed due to the outbreak of COVID-19. … from News – Insurance Journal https://ift.tt/2Yi5xHY

North Carolina Extends Emergency Order for Insurers to Defer Premium Payments

North Carolina Insurance Commissioner Mike Causey has extended an order issued last month to the insurance industry requesting that insurers defer policyholder payments for an additional 30 days, beginning April 27. The original order, issued March 27 and amended on … from News – Insurance Journal https://ift.tt/2Sh57xA

Texas High Court Allows Prompt Payment Claim Against State Farm Lloyds

Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier the Texas Prompt Payment of Claims Act (TPPCA). In Juan … from News – Insurance Journal https://ift.tt/3aKb9xs

Pilot Sues Colorado Hotel Over Dismissed Exposure Charge

A United Airlines pilot whose charge of indecent exposure was dismissed sued the Denver, Colo. airport hotel where his arrest occurred. An attorney for Andrew Collins filed the lawsuit against The Westin Denver International Airport in U.S. District Court Monday, … from News – Insurance Journal https://ift.tt/2KGbzub

The Doctors Co. in California Names Spadacenta Claims Executive

The Doctors Co., based in Napa, Calif., has named Marco Spadacenta senior vice president of claims. Spadacenta oversees the claims function nationally of the admitted medical professional liability unit, reporting to Robert White, executive vice president of the unit. Spadacenta … from News – Insurance Journal https://ift.tt/3cWOkIo

Maryland Insurance Administration Announces Apprenticeship Program

The Maryland Insurance Administration is participating in an apprenticeship program designed to attract talent to the insurance industry. The program is led by Invest, which is affiliated with the Independent Insurance Agents and Brokers of America (The Big I) and … from News – Insurance Journal https://ift.tt/2yNkqYi

Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions

Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he battles for the … from News – Insurance Journal https://ift.tt/2y8tPtd

Massachusetts’ SecureRisk Insurance Agency Joins Satellite Agency Network Group

SecureRisk Insurance Agency has recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. The Burlington, Mass., agency will specialize in small business and offer personal insurance such as home, auto, flood, business, … from News – Insurance Journal https://ift.tt/35aRLZe

Most Firms Neglected Pandemics in Annual Risk Assessments: Study

The risk of a pandemic was known prior to the current health crisis, yet in disclosing their risk factors to shareholders in 2018, public companies showed little foresight in terms of the impact and likelihood of a pandemic, according to … from News – Insurance Journal https://ift.tt/2Yc55eo

Beazley Hires Underwriting Team to Build Product Recall Insurance Offering

Specialist insurer Beazley is introducing a new product recall insurance policy for private enterprises in the U.S., with a planned launch in the second quarter of 2020. The company has appointed a new underwriting team specifically to support the offering. … from News – Insurance Journal https://ift.tt/3aFUmeM

Covid-19: Hiscox Action Group gets funding for BI litigation

Harbour Litigation Funding will pay Mishcon de Reya to review the claims business owners have against Hiscox. from Insurer - insuranceage.co.uk https://ift.tt/3eZ8x24

Zaffino Exits Everest to Join Ascot as Group President

Ascot has announced the appointment of Jonathan M. Zaffino as group president. He will oversee the organization’s U.S. and Bermuda platforms and will also have executive responsibility for Ethos Specialty, a managing general underwriter in the U.S. market. Zaffino has … from News – Insurance Journal https://ift.tt/2VHWjmM

Inside Connecticut’s ‘Ground War’ Against Coronavirus at Nursing Homes

On Main Street in Bridgeport, Connecticut, across the road from a hospital grappling with the coronavirus crisis, a nondescript brick building is playing a key role in the state’s plan to free up acute-care beds and protect its ailing nursing … from News – Insurance Journal https://ift.tt/2W4MK01

Top States, Cities For Insurance Claims for Hail Damage

Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed over the past three years. The National Insurance Crime Bureau released a three-year analysis of insurance claims associated with hail … from News – Insurance Journal https://ift.tt/3cZGEEX

Floods Hit Canada’s Oil Sands Hub in Fort McMurray, Forcing Some Evacuations

Floods have forced mandatory evacuations in parts of Fort McMurray, the hub for Canada’s oil sands industry, even as the province of Alberta tries to stem the spread of the coronavirus. The Regional Municipality of Wood Buffalo, which includes Fort … from News – Insurance Journal https://ift.tt/3cTyazb

AXA XL Launches Virtual Risk Assessment Service Called ‘Remote Risk Dialogue’

AXA XL Risk Consulting has launched a new risk assessment service, Remote Risk Dialogue, to continue evaluating loss prevention across business lines amid COVID-19 restrictions. Using data captured from telephone calls, web tools and existing reports, Remote Risk Dialogue enables … from News – Insurance Journal https://ift.tt/2W572Xj

Covid-19: Should all motor customers get a rebate?

Major insurers including Axa, Aviva, Ageas, LV and Zurich respond on automatic rebates as motor disrupters say the Admiral £25 move does not go far enough and questions are raised about the gesture. from Insurer - insuranceage.co.uk https://ift.tt/2ShkHJL

Research reveals insurance claims among the most likely to succeed in courts

Law firm warns insurance sector will be under scrutiny as the level of litigation is predicted to rise as a result of Covid-19. from Insurer - insuranceage.co.uk https://ift.tt/3aOuxJn

Ecclesiastical launches covid-19 social media guide

The document has been developed to help brokers navigate platforms such as Twitter and Linked In throughout the outbreak. from Insurer - insuranceage.co.uk https://ift.tt/3cTz5Qd

German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall

Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their destination. Typically one of the wettest months, Europe’s biggest economy has … from News – Insurance Journal https://ift.tt/2W2jFSY

Lawmaker Pushing Mental Health Reform: It’s ‘More Needed Than Ever’

SACRAMENTO — During the first week of school closures in San Jose, state Sen. Jim Beall’s office received more than a dozen phone calls from distressed parents and caregivers. The problem: They couldn’t get free lunches because school district rules required children be present to receive a meal. A grandmother caring for at least seven children couldn’t fit them all in her car. One parent had a sick child who needed to stay at home, and another was unable to bring her child, who has disabilities, to wait in the drive-thru lunch line. Beall’s staff helped resolve their predicaments by calling the school districts and the schools to mediate. And while lunch line challenges alone might seem minor, Californians are contending with unexpected unemployment, social isolation and anxiety about the virus. All of those added stressors could lead to — or exacerbate — mental health problems as Californians cope with COVID-19, said the Democrat from San Jose. As the chair of the Senate Select Co...

Health Insurers Prosper As COVID-19 Deflates Demand For Elective Treatments

As doctors and consumers are forced to put most nonemergency procedures on hold, many health insurers foresee strong profits. So why is the industry looking to Congress for help? Insurers say that while that falloff in claims for non-COVID care is offsetting for now many insurers’ costs associated with the pandemic, the future is far more fraught. Costs could remain modest or quickly outstrip savings. A recession could drive revenue down. Or the coronavirus could resurge next winter and spike treatment expenses. All that uncertainty for the companies could trigger far higher premiums for consumers, if insurers hedge their bets. Then again, the current savings insurers are seeing — along with cautions from state regulators about pushing cost-sensitive customers away during an economic downturn — might result in minimal premium increases. “Insurers are nervous, to be sure,” said Michael Kreidler, Washington state’s insurance commissioner. “But so far they are telling me they are in ...

Talcum Lawsuits Against J&J Can Proceed with Testimony Limits

Thousands of plaintiffs who say that Johnson & Johnson’s baby powder and talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in trials after a Monday ruling by a … from News – Insurance Journal https://ift.tt/3bISUK5

6 Ways Insurance Brokers Can Be a Resource to Clients During COVID-19 Crisis

Risk managers at companies of all kinds have been forced to rapidly evaluate how the coronavirus pandemic is affecting their businesses. They’ve had to react quickly with limited information while trying to forecast future developments. At the same time, they … from News – Insurance Journal https://ift.tt/2xjbDNm

Employers Hope to Limit Liability by Catching Social Distancing Scofflaws on Video

Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucial … from News – Insurance Journal https://ift.tt/2KDPlJ7

Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties

Aon announced it will temporarily cut the pay by 50% of the company’s named executive officers in response to the COVID-19 crisis. In addition, 70% of its global workforce will see a 20% reduction in their salaries, while approximately 30% … from News – Insurance Journal https://ift.tt/3eV1gjw

Lawsuit Says Oregon Restaurant Served Man Fatal Enchilada Meal

A $2.5 million wrongful death lawsuit filed against a Bend, Ore. restaurant says a man died of salmonella after eating tainted chicken enchilada meals. The lawsuit was filed this week in Deschutes County Circuit Court against El Rodeo restaurant by … from News – Insurance Journal https://ift.tt/2S8gEPS

Small Earthquake Confirmed in Southern Oregon

A magnitude-3.1 earthquake struck in southern Oregon near Ashland, the U.S. Geological Survey confirmed. Just before 10 a.m. Friday, the quake rumbled about 10 miles southwest of Ashland at a depth of 1.6 miles, according to the USGS. The agency’s … from News – Insurance Journal https://ift.tt/2zAoknI

Man Beaten in L.A. Dodgers Parking Lot Sues Team for Negligence

The Los Angeles Dodgers are being sued for negligence by a man who was attacked in the parking lot of Dodger Stadium and left with brain damage, his lawyers announced Friday. The lawsuit, filed this week by Rafael Reyna and … from News – Insurance Journal https://ift.tt/3cWh5F3

Coronavirus Business Interruption Insurance Claimants Seek to Consolidate Lawsuits

Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses they claim are caused by coronavirus stay-home orders. Attorneys for … from News – Insurance Journal https://ift.tt/2W0O04p

Supreme Court Rejects Trump Administration’s View of Clean Water Act

The Supreme Court ruled last week that sewage plants and other industries cannot avoid environmental requirements under landmark clean-water protections when they send dirty water on an indirect route to rivers, oceans and other navigable waterways. Rejecting the Trump administration’s … from News – Insurance Journal https://ift.tt/2ScwCbN

Three More Lawsuits Filed Against Virginia Tech in Hazing Case

Three Virginia Tech students are suing the university in federal court over how it handled allegations that they were involved in hazing. The lawsuits were filed last week by former Corps of Cadets members who say they were denied due … from News – Insurance Journal https://ift.tt/2xUhadD

Auto Insurers Will Return Approximately $32M in Premiums to N.H. Consumers

At least 23 companies selling auto insurance in New Hampshire are returning premium to their policyholders, New Hampshire Insurance Commissioner Chris Nicolopoulos announced. These companies represent more than 90% of the written auto insurance premium in the state. The premium … from News – Insurance Journal https://ift.tt/2VFveQX

Worldwide Facilities Hires Caplan as an Assistant Vice President in New York

Worldwide Facilities, a national wholesale insurance broker, managing general agent and program underwriter, has hired Frank Caplan as an assistant vice president in the New York office. Frank has nearly 20 years of experience in the insurance industry, specializing in … from News – Insurance Journal https://ift.tt/2VKByHf

World Insurance Associates Acquires Connecticut’s Martin & Rowland Insurance

World Insurance Associates LLC (WIA) has acquired Martin & Rowland Insurance Inc. of Prospect, Conn., on April 1, 2020. Terms of the transaction were not disclosed. Established in 1845, Martin & Rowland Insurance Inc. is a full-service, independent insurance agency. … from News – Insurance Journal https://ift.tt/2y14VM4

Covid-19: Treasury Committee tells insurers to be clear and fair

Mel Stride MP states firms are continuously facing difficulties in making successful coronavirus-related claims as the ABI says insurers are expected to pay out a total of £1.2bn. from Insurer - insuranceage.co.uk https://ift.tt/2VHA40j

Covid-19: Measures to maintain personal injury claims process launched

The ABI and the Association of Consumer Support Organisations have developed a statement of intent recommending remote video examination and rehabilitation. from Insurer - insuranceage.co.uk https://ift.tt/2Y8cNpL

UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims

Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector goes the extra mile in meeting … from News – Insurance Journal https://ift.tt/2y2lG9Q

Generali Confident of Rebuffing Takeovers Thanks to Strong Capital, Financial Position

Italy’s top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid, thanks to a “solid” group of core domestic shareholders and a strong capital and financial position. In answers to investors … from News – Insurance Journal https://ift.tt/3aJQKs6

UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers

British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates put payments for business interruption at 900 … from News – Insurance Journal https://ift.tt/2VZ5PRr

Covid-19: Total claims pay-outs expected to reach £1.2bn

The ABI says insurers are expected to pay £900m towards business interruption claims. from Insurer - insuranceage.co.uk https://ift.tt/3eUHGUJ

‘An Arm And A Leg’: What A Fleet Of Firetrucks Can Teach About Public Health

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Can’t see the audio player?  Click here to listen. About This Podcast Health care — and how much it costs — is scary. But you’re not alone with this stuff, and knowledge is power. “An Arm and a Leg” is a podcast about these issues, and its second season is co-produced by KHN. Visit armandalegshow.com Ryan Gamlin spent a decade on the business side of health care — working with insurance companies. That was before he went to medical school. Now, he’s an anesthesiologist in Los Angeles and on the front lines fighting COVID-19. It’s an experience he described as “scary, in a way that I never expected to be scared, going to work.” He was frightened one day last summer, too, when a California wildfire came within feet of the hospital where he was working. But then, a fleet of firetrucks showed up to protect the hospital. “City, county, park service, forest service, new trucks, old trucks, unmarked trucks,” Gamlin tweeted. These days, with medical equipment from mas...

North Carolina Gov Extends Stay-Home Order for 2 Weeks, Unveils Reopen Plan

Resisting pressure as other Southern chief executives begin allowing businesses to reopen, North Carolina Gov. Roy Cooper said Thursday that the state’s stay-at-home order from COVID-19 will remain in place for at least another two weeks. The Democratic governor, who … from News – Insurance Journal https://ift.tt/3aIkiGw

Tennessee Insurance Claims from Deadly March Tornadoes Top $1B

More than 15,600 insurance claims seeking more than $1.1 billion have been filed in Tennessee over deadly tornadoes that tore through the state early last month, state officials said Thursday. Tennessee Department of Commerce and Insurance Commissioner Hodgen Mainda told … from News – Insurance Journal https://ift.tt/3aMIB6x

How Chubb Is Navigating Coronavirus and Its Impact on Growth

Chubb Chairman and CEO Evan Greenberg insists his global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges affecting many lines of coverage. Broadly speaking, the insurer will … from News – Insurance Journal https://ift.tt/3cNPgi0

U.S. Issues New Coronavirus Safety Guidance for Meat, Poultry Plants

The U.S. Labor Department issued new guidelines on Sunday for U.S. meatpacking and meat-processing plants that have seen a rash of coronavirus outbreaks, saying employees should be spaced at least 6 feet (1.8 m) apart and screened before they start … from News – Insurance Journal https://ift.tt/3bImPC7

Employees Go Back to Work and Get Covid-19. What’s the Liability Picture?: Opinion

If America is going to restart its economy, at whatever pace, it needs to think about a major roadblock: liability from Covid-19. If a university or workplace reopens, and some employees or students get sick, should they have the right … from News – Insurance Journal https://ift.tt/2VDg6Uh

McGriff Insurance Services Hires Cabrera as National Pharmacy Practice Leader in Florida

McGriff Insurance Services has added Denise Cabrera to the firm as National Pharmacy Practice leader in Orlando, Fla. Cabrera will develop and drive the strategic direction for McGriff’s Pharmacy Benefit Practice nationally. In her role, she will provide guidance to … from News – Insurance Journal https://ift.tt/2Y6BzGU

Alaska Native Group Sues Neiman Marcus Over Coat Design

An Alaska Native cultural organization is suing luxury retailer Neiman Marcus, saying the company violated copyright and American Indian arts protection laws in selling a knit coat with a geometric design borrowed from indigenous culture. In the lawsuit filed this … from News – Insurance Journal https://ift.tt/2yCGWTw

Randall & Quilter Completes Loss Portfolio Transfer with Repwest in Arizona

Randall & Quilter Investment Holdings Ltd. announced it has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance Co. Repwest is based in Phoenix Ariz., and is a wholly owned subsidiary company of AMERCO. … from News – Insurance Journal https://ift.tt/3byUeyU

Former XFL Commissioner Sues Claiming Wrongful Termination

Former XFL Commissioner Oliver Luck has filed a federal lawsuit claiming he was wrongfully fired by league owner Vince McMahon just before the professional football league shut its doors. The lawsuit, filed last week in Connecticut, alleges the commissioner received … from News – Insurance Journal https://ift.tt/2KuqTts

Court Approves GM’s $120M Ignition Switch Lost Value Claims Settlement with Owners

General Motors Co. on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value. U.S. District Judge Jesse Furman in Manhattan granted approval at a hearing … from News – Insurance Journal https://ift.tt/2S3OBkC

Parents of UConn Student Settle Wrongful Death Lawsuit for $1M

The parents of a University of Connecticut student who was run over and killed by a campus fire department truck in 2016 have settled a wrongful death lawsuit against the state and other defendants for about $1 million, according to … from News – Insurance Journal https://ift.tt/2KztK4k

The Concord Group Announces Plan to Return $2.4M to Policyholders During Pandemic

The Concord Group Insurance Companies has announced a plan to deliver $2,400,000 in return premium and expand several underwriting guidelines and coverage limits to its more than 150,000 policyholders throughout the four New England states in which the company does … from News – Insurance Journal https://ift.tt/2VUdEaP

Pennsylvania Outlines Temporary Licensure Process for Insurers During COVID-19

The Pennsylvania Insurance Department has submitted a notice to all state insurance companies and agencies outlining the process for issuing temporary licenses for Pennsylvania resident insurance producers during the COVID-19 pandemic. “The COVID-19 pandemic is impacting the operations of businesses … from News – Insurance Journal https://ift.tt/2xLUI6o

Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis

The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due to the uncertainties linked to the coronavirus pandemic. For 63 years, the RVS has brought together leading players in the … from News – Insurance Journal https://ift.tt/2KztIcI

Some Auto Insurer Premium Discounts Should Be Bigger, Say Consumer Groups

Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to stay-at-home orders aimed at curbing the coronavirus outbreak. … from News – Insurance Journal https://ift.tt/2VB0r81

Insurance Premium Discounts, Other Accommodations Offered During Coronavirus Crisis

The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most discounts are for personal lines auto customers, however … from News – Insurance Journal https://ift.tt/3atm2DC

College Sports Lack Options of Pro Sports for Getting Back in the Game

While professional sports leagues can ponder plans to isolate their athletes from the coronavirus and have them play in unusual, even secluded places, college sports have no such option. Pro sports leagues can get creative with solutions to save their … from News – Insurance Journal https://ift.tt/2xUXKoL

Pennsylvania’s PMA Companies Names Bell as Senior VP, Chief Financial Officer

PMA Companies, an insurance company headquartered in Blue Bell, Penn., has named Robert Bell as senior vice president and chief financial officer. Bell joined PMA Companies in July 2019 as senior vice president and deputy chief financial officer. He succeeds … from News – Insurance Journal https://ift.tt/3aBC1iZ

Everest Re Estimates $150 Million in Pandemic-Related Losses During First Quarter

Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come from the Reinsurance Segment, although both its reinsurance and … from News – Insurance Journal https://ift.tt/2VUvH0H

French #MeToo Milestone: Court Orders Dentist to Pay Damages for Sexual Harassment

A dentist was ordered by France’s top court to pay damages for sexually abusing a female assistant after the man was cleared of related criminal charges. In a milestone ruling last month, the Cour de Cassation said the bar is … from News – Insurance Journal https://ift.tt/2Y2QMZq

Covid-19: RSA faces legal action in BI dispute

RSA is latest provider in firing line as nursery sector hits out and, separately, a new action group, Insurance Justice, has been set up to defend BI claims for businesses. from Insurer - insuranceage.co.uk https://ift.tt/2xNbodI

Gary Hoffman resigns from Hastings

Hoffman, currently non-executive chairman, was CEO of the business between 2012 and 2018 and led it through an IPO in 2015. from Insurer - insuranceage.co.uk https://ift.tt/3bEryVi

5 North Carolina Food Processors Have Employees Infected by COVID-19

Five food processing facilities in the state are each experiencing multiple cases of COVID-19 among employees, North Carolina health officials said Tuesday. A news release from state health and agriculture officials said there are outbreaks of two or more positive … from News – Insurance Journal https://ift.tt/3eMq798

Bouknight Joins Insurance Office Of America in South Carolina

Insurance Office of America has added Kip Bouknight to its growing South Carolina team. Bouknight joins IOA as a commercial lines producer serving out of its Columbia, South Carolina, branch office. Before joining IOA, Bouknight served as a vice president … from News – Insurance Journal https://ift.tt/2x4WbEh

Disease Experts Are Better Than the Covid-19 Contrarians: Opinion

One of the most vexing questions in life is: Should you trust the experts? The fundamental conundrum is that sometimes the experts make big mistakes — think of medieval doctors who killed their patients by bleeding them. But without expertise … from News – Insurance Journal https://ift.tt/2S43683

5,000 Meat, Food Plant Workers Exposed to Coronavirus, Union Says

More than 5,000 U.S. meat and food-processing workers have been infected with or exposed to the new coronavirus, and 13 have died, the country’s largest meatpacking union said on Thursday. The statistics reflect how the contagious respiratory illness has spread … from News – Insurance Journal https://ift.tt/3cI7TDX

LP Insurance Services Adds McGinty to Nevada Commercial Team

LP Insurance Services LLC has added Lisa McGinty to its southern Nevada commercial team. McGinty has been a commercial insurance broker for more than 35 years. She previously held roles with Liberty Mutual Insurance Co., Aon Risk Services, Marsh & … from News – Insurance Journal https://ift.tt/2S5kEk7

Mississippi Windstorm Insureds Eligible for Fortified Roof Replacement

The Mississippi Windstorm Underwriting Association (MWUA) will now provide – at no cost to homeowners – a FORTIFIED Roof endorsement on eligible new and renewing policies. The new endorsement will apply when a covered claim results in 50% or more … from News – Insurance Journal https://ift.tt/2Y2pQcu

Patriot Growth Adds Florida Southern Insurance to Platform

Patriot Growth Insurance Services, LLC has added Florida Southern Insurance, LLC (FSI) to the its platform. The partnership with FSI will enhance Patriot’s existing property and casualty insurance capabilities and further support the platform’s expansion into the Florida marketplace. Based … from News – Insurance Journal https://ift.tt/3bB6fnF

Woman Run Over While Sleeping on Sidewalk in Oregon Sues for $450K

A woman who was sleeping on a Portland, Ore. sidewalk when she was run over by a truck operated by a homelessness nonprofit organization has filed a $450,000 lawsuit against the driver. Daphne Taylor is suing driver Warren Schaupp as … from News – Insurance Journal https://ift.tt/3eHExr7

Light Shaking as M3.7 Earthquake Hit South Los Angeles

Light shaking could be felt across the Los Angeles Basin after a magnitude 3.7 earthquake struck underneath South Los Angeles just after midnight Wednesday. The Los Angeles Times reported the earthquake, that occurred at 12:03 a.m., was calculated as occurring … from News – Insurance Journal https://ift.tt/3bJegqN

White House Vows Liability Protections for Businesses Facing Coronavirus Claims

Donald Trump’s top economic adviser said the administration will look at limiting liability for businesses over the spread of the coronavirus. “I think liability reforms and safeguards are going to be a very important part of this,” Larry Kudlow, director … from News – Insurance Journal https://ift.tt/359XxKN

Hiscox Action Group appoints big-hitting legal firm to represent members in BI row

The group of companies criticising Hiscox for refusing to pay out BI claims as a result of the coronavirus says it is also in "advanced talks" with a litigation funder to underwrite its entire legal costs as dispute hots up. from Insurer - insuranceage.co.uk https://ift.tt/3eLqRvm

Tyson Foods Halts Work at Large Iowa Pork Plant to Curb Coronavirus Spread

Tyson Foods Inc. plans to indefinitely suspend operations at its largest pork plant in the United States to contain the rapid spread of the coronavirus, the company said on Wednesday. It said the Waterloo, Iowa plant had already been working … from News – Insurance Journal https://ift.tt/3aA7Jgu

Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover

Lions Gate Underwriting, the Vancouver-based specialist managing general agent, has launched a new Environmental Insurance product as part of its coverage offering. The program is being underwritten by Great American Insurance Group, which backs a number of Lions Gate products, … from News – Insurance Journal https://ift.tt/3avz4jS

China’s Ping An Reports Q1 Profit Drop of 42.7% on Coronavirus Business Disruption

Ping An Insurance (Group) Co of China Ltd, on Thursday reported a 42.7% drop in first-quarter profit, its biggest fall in quarterly profits in more than eight years, as the coronavirus outbreak disrupted its businesses. Ping An, the country’s largest … from News – Insurance Journal https://ift.tt/3bIWtzC

Obsidian Insurance Holdings Hires Larkin as Chief Underwriting Officer

Obsidian Insurance Holdings Inc., a new fronting insurance holding company, has added to its senior management team with the appointment of Dan Larkin as chief underwriting officer. Obsidian was recently formed in partnership with insurance industry executives and Genstar Capital. … from News – Insurance Journal https://ift.tt/3ay2BcS

Preferred Mutual Launches Relief Program for Auto Customers During Pandemic

Preferred Mutual Insurance Company has announced its Stay Home, Stay Assured Auto Program, which will provide more than 65,000 customers with a 15% credit on their April and May personal auto insurance premiums. The credit will be given to New … from News – Insurance Journal https://ift.tt/3cEQhZK

Brokerslink Network Expands in Latin America with Two Broker Affiliates

Global broking business Brokerslink announced the addition of two Latin American affiliates to its network: Asescor S.R.L. Corredor de Seguros (Asescor), based in Bolivia, and CyR Consultores in El Salvador. Asescor, headquartered in Santa Cruz de la Sierra, is a … from News – Insurance Journal https://ift.tt/3aCVX5e

New York Charges Mallinckrodt with Insurance Fraud Over Opioid Claims

New York state brought civil charges on Tuesday accusing Mallinckrodt Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions. Governor Andrew Cuomo said the charges brought by New York’s Department … from News – Insurance Journal https://ift.tt/2KsSMCm

SCOR Global P&C Sees Price Increases of 6.6% During April Renewals

During the April reinsurance renewals, SCOR Global P&C said it grew gross premiums by 5.7% to €504 million, while benefiting from broadly improving market conditions as shown by a 6.6% overall increase in pricing. Asia-Pacific represents 57% of SCOR’s portfolio … from News – Insurance Journal https://ift.tt/2RYqdRy

Covid-19: Litigation against brokers and insurers set to increase amid BI row

The market has been criticised for its response to the coronavirus crisis, particularly with regard to business interruption as providers "look down the barrel' of class action. from Insurer - insuranceage.co.uk https://ift.tt/2KEVwNf

China Slams Coronavirus Lawsuit Brought by Missouri as ‘Very Absurd’

China on Wednesday slammed a lawsuit brought against it by the U.S. state of Missouri over the coronavirus pandemic as “very absurd.” Foreign ministry spokesman Geng Shuang said the legal action has “no factual and legal basis at all” and … from News – Insurance Journal https://ift.tt/2KqzVYq

Governor Aims for South Carolina to Recover ‘More Quickly Than Any Other State’

South Carolina’s governor is rolling out details of a program that his office says will allow the state’s economy to “recover more quickly than any other state’s in the country” from the new coronavirus outbreak. Gov. Henry McMaster on Monday … from News – Insurance Journal https://ift.tt/2VRNa9T

Oregon Fines Aerospace Company $70K for Waste Mishandling

The Oregon Department of Environmental Quality has fined a manufacturer of parts for the aerospace industry near Albany more than $70,000 for citations related to its mishandling of hazardous waste materials. A Selmet company spokesman did not return an email … from News – Insurance Journal https://ift.tt/3asV271

Georgia Gambles on Reopening Business Amid Pandemic

A handful of mostly southern U.S. states will begin loosening economic restrictions this week in the midst of a still virulent pandemic, providing a live-fire test of whether America’s communities can start to reopen without triggering a surge that may … from News – Insurance Journal https://ift.tt/3eKYm0I

Travelers, W.R. Berkley CEOs Sound Alarm Over Coronavirus Lawsuits, Workers’ Comp

During an earnings conference call Tuesday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic recovery from COVID-19 shutdowns. Alan Schnitzer, whose company reported net income of $600 … from News – Insurance Journal https://ift.tt/2S0I8qD

Philadelphia Insurance Cos. Names Burgess Regional VP of Marketing for Rocky Mountains

Philadelphia Insurance Cos. has named Yvonne Burgess regional vice president of marketing for the company’s Rocky Mountain region. Based in the company’s Englewood, CO office, she has been responsible for overseeing sales team members, achieving her own production goals, and … from News – Insurance Journal https://ift.tt/34ZCElh

Georgia Businesses May Be Slow to Reopen Despite Governor’s Encouragement

Gov. Brian Kemp’s call to reopen shuttered businesses in Georgia left many business owners wary and confused this week as they considered how to protect themselves and their customers in a state where coronavirus deaths exceed 800 and confirmed infections … from News – Insurance Journal https://ift.tt/3byvtTx

CoreLogic: Rebuilding Costs from Southeast Tornado Outbreak Total Nearly $3B

The more than 86 tornadoes that ravaged through the Southeast earlier this month caused damage to 23,448 structures with a reconstruction value estimated at $2.95 billion, according to CoreLogic. CoreLogic said more than 40,000 structures were affected across all regions … from News – Insurance Journal https://ift.tt/2KqjifD

North Carolina Regulator Offers Agent Licensing Options During Shutdown

The North Carolina Department of Insurance (NCDOI) is taking steps to continue licensing insurance agents in the state as quickly as possible amid the shutdown of application processing centers due to the pandemic, according to a statement. Working with Pearson … from News – Insurance Journal https://ift.tt/2ziGVV2

AssuredPartners Acquires Transportation Insurance Advisors of Florida

AssuredPartners, Inc. has acquired Transportation Insurance Advisors, LLC located in Sanford, Fla. The team of 55 will remain under the operational leadership of Scott Light. The agency currently reports $14 million in annualized revenues. According to Light, the agency works … from News – Insurance Journal https://ift.tt/2yy1ahc

Insurtech ‘Babel Cover’ Collaborates with Maltese Insurer Atlas to Offer Bicycle Insurance

Babel Cover, a British insurtech start-up, is working with Maltese insurer Atlas and emerging technology firm Piprate to insure bicycles of competitive cyclists, triathletes and commuters of Malta. The intention of the pilot is to perform live and controlled product … from News – Insurance Journal https://ift.tt/34Xymej

First Pitch: Fans Sue Major League Baseball Teams, Ticket Vendors for Refunds

A pair of fans in New York sued Major League Baseball, Commissioner Rob Manfred and the 30 teams, asking for their money back for tickets and for certification of class-action status. The lawsuit was filed Monday in U.S. District Court … from News – Insurance Journal https://ift.tt/3eRsQym

Putting Autonomous Driving Back on the Road: Roundtable

The self-driving car was a dream deferred even before the Covid-19 outbreak brought the U.S. economy to a standstill. By early 2020, plans to launch robotaxi services had been pushed back or scaled down as excitement over driverless cars gave … from News – Insurance Journal https://ift.tt/2VtRfCd

Broker NFP Buys UK’s Johnson Fleming Group Ltd.

NFP Corp., the New York City-based insurance broker and consultant, announced the acquisition of Johnson Fleming Group Ltd. and Johnson Fleming Future Life Planning Ltd. (together, Johnson Fleming). The transaction closed on Jan. 17, 2020 for an undisclosed sum. Johnson … from News – Insurance Journal https://ift.tt/2wZsrIV

Fresh attack on Hiscox BI stance from night life industry

The Night Time Industries Association has been advised members have a “good case” against Hiscox as barrister warns “insurers will never be forgiven” for response to Covid-19. from Insurer - insuranceage.co.uk https://ift.tt/3cDpPj1

Catlin calls on industry to repair reputation following Covid-19 response

Exclusive: Stephen Catlin slams "unfortunate" lack of sympathy to policyholders in messages from the sector and pushes back at claim that the industry steering group on pandemic response is a PR gimmick. from Insurer - insuranceage.co.uk https://ift.tt/3btAXPB

Massachusetts’ C&S Insurance Hires Quealy, Trabulsie, McLaughlin to Executive Team

Massachusetts’ C&S Insurance has hired Chuck Quealy, Kelly Trabulsie and Eric McLaughlin to its team. McLaughlin, who comes aboard as a partner and executive vice president, brings more than 10 years of insurance sales experience to the C&S family, along … from News – Insurance Journal https://ift.tt/2S0v3h7

Pennsylvania’s Erie Insurance Announces $200M in Relief for Customers

Erie Insurance, based in Erie, Penn., will provide $200 million in dividends directly to personal and commercial auto insurance customers in the 12 states and the District of Columbia where the company does business. This relief represents about 30% of … from News – Insurance Journal https://ift.tt/3cDdEmj

New Jersey-Based AIG Director Delaney Joins Board for Virginia’s Invest

Invest, an insurance industry classroom-to-career education program, has named Diane Delaney, assistant vice president and sales and marketing director for AIG Private Client Group, as its newest board member. Delaney is based in New Jersey and is responsible for overseeing … from News – Insurance Journal https://ift.tt/3at2X4r

Sompo Int’l Forms Agricultural Insurance Partnership with Portuguese MGA ATLAS

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that its global agriculture platform, AgriSompo, has entered into a partnership with Portuguese managing general agent ATLAS Segurmina, to offer innovative crop insurance solutions … from News – Insurance Journal https://ift.tt/34XwK47

Hannover Re, Parent Firm Talanx Withdraw 2020 Profit Guidance on Virus Uncertainties

In view of the ongoing COVID-19 crisis and the associated uncertainties surrounding both the claims development and the capital market environment, Hannover Re and its parent company, Talanx, have withdrawn their profit guidance for 2020. “It is still too soon … from News – Insurance Journal https://ift.tt/3aoe9PK

Aon’s Reinsurer Trading Portal, ABConnect, Receives Accreditation from Lloyd’s

Insurance and reinsurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. Following the recent deployment of Aon’s binding function, the Lloyd’s Franchise Board provided “conditional recognition” of Aon’s ABConnect Placements platform so valid contracts … from News – Insurance Journal https://ift.tt/3eGhKvL

Conspiracy Theorists Set Fire to Europe’s 5G Network Towers, Claiming Link to COVID-19

The CCTV footage from a Dutch business park shows a man in a black cap pouring the contents of a white container at the base of a cellular radio tower. Flames burst out as the man jogs back to his … from News – Insurance Journal https://ift.tt/3buWmYy

Hiscox expects $175m Covid-19 payout

Hiscox, which is currently in dispute with a group of firms over BI, said it is actively settling claims for event cancellation and abandonment, media and entertainment and travel. from Insurer - insuranceage.co.uk https://ift.tt/2Y7l5hV

Axa XL searches for new UK CEO as reshuffle sees Paul Greensmith depart

Four senior leaders have left the provider as Axa XL states it is set for global restructure. from Insurer - insuranceage.co.uk https://ift.tt/2KoygCL

Covid-19: MP calls for insurers to make full pay outs due to pandemic

Jonathan Edwards has signed an early day motion calling on the government to instruct all insurers to use dividends to pay Covid-19 claims. from Insurer - insuranceage.co.uk https://ift.tt/2Kli2ui

Brokerslink Network Strengthens African Presence with Broker in Republic of Congo

Global broking business Brokerslink has announced the addition of African broker Gramon to its international network. Based in Brazzaville, Congo, the broker strengthens Brokerslink’s presence in the Africa region, an area of strategic significance to the organization. Established in 2012, … from News – Insurance Journal https://ift.tt/2VpZv6h

Georgia Governor Gives Certain Businesses Greenlight to Reopen Friday

Georgia’s governor announced plans Monday to restart the state’s economy before the end of the week, saying many businesses that closed to mitigate the spread of the coronavirus could reopen as early as Friday. The governor in neighboring Tennessee planned … from News – Insurance Journal https://ift.tt/3cEaPl7

Florida Dive Shop Alleges Insurer Breach of Contract, Bad Faith in BI Coverage Denial Suit

A dive shop in South Florida is one of the first businesses in the state to file suit against its insurer for the denial of a business interruption claim initiated because of the current coronavirus pandemic. The lawsuit, Mace Marine … from News – Insurance Journal https://ift.tt/3bu9mO8

Mutual Insurance Company of Arizona Declares $12M Dividend to Help in COVID-19 Pandemic

Mutual Insurance Company of Arizona has declared a special dividend designed to provide economic relief to its members. The company will distribute a $12 million dividend to all members with policies in-force as of April 30. The dividend will be … from News – Insurance Journal https://ift.tt/3eHEYBS

North Carolina Farm Bureau Insurance to Give Insureds 20% Dividend on Auto Premiums

North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic. The company announced the “Here for You Promise” 20% dividend was approved by its … from News – Insurance Journal https://ift.tt/3buvCau

When Companies Need to Report They Have Infected Workers: Q&A

Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the world’s biggest pork processor, recently announced it … from News – Insurance Journal https://ift.tt/3eJAlHl

Latest Class Actions Over Business Interruption Target 6 Insurers

A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The lawsuits, which are class … from News – Insurance Journal https://ift.tt/2VsEcAZ

Covid-19: Legal firm calls for joint govt and industry BI recovery plan

Flaxmans makes case for government and insurance sector to team up to help businesses recover following the coronavirus pandemic as Mactavish calls for independent review. from Insurer - insuranceage.co.uk https://ift.tt/2x1l3wQ

Axa XL reveals global restructure

Provider to create a single global insurance underwriting function and form three geographical business units across the Americas, Eurasia and the UK & Lloyd’s market. from Insurer - insuranceage.co.uk https://ift.tt/3buEzR6

The Hilb Group Hires Tarmey as a Producer in Rhode Island

The Hilb Group LLC (THG) has acquired a book of business from CBIZ Inc. and hired Business Unit President Peter Tarmey as a producer. The transaction became effective April 1, 2020. Based in Cranston, R.I., Tarmey will join THG’s New … from News – Insurance Journal https://ift.tt/3bsOqXE

Businesses Press Congress for Immunity When States Lift Coronavirus Lockdowns

Major U.S. business lobbying groups are asking Congress to pass measures that would protect companies large and small from coronavirus-related lawsuits when states start to lift pandemic restrictions and businesses begin to reopen. Their concerns have the ears of congressional … from News – Insurance Journal https://ift.tt/2VQAHDo

Investigation Begins into Cause of Massive Paper Mill Blast in Maine

State and federal investigators began searching Thursday for the cause of a paper mill explosion that shook the ground and sent debris and a slurry of chemicals raining down on nearby cars and buildings. Elation over the stunning news that … from News – Insurance Journal https://ift.tt/3bs2a4X

From Google to Webex to Teams to Zoom: How to Choose a Videoconferencing App

The coronavirus crisis has seen millions locked in their homes turn to videoconferencing apps, bringing with it question marks over security and privacy and a new verb – Zoombombing – the practice of uninvited users crashing into conversations. From easy-access … from News – Insurance Journal https://ift.tt/2VnEYzk

New York Nurses Sue State and Two Hospitals Over ‘Inadequate’ Virus Protection

The New York State Nurses Association sued the state and two hospitals on Monday to force them to provide equipment and adopt safety measures to prevent the spread of COVID-19 among the association’s members in the hard-hit state. The association … from News – Insurance Journal https://ift.tt/3eOMRFM

Travelers, Law Firm Insured Spar Over Civil Authority Business Income Loss Claim

Travelers Cos. has gone to federal court in California seeking a declaratory judgment that it is not obligated to pay any business income losses of a law firm it has insured under two business owner policies. Its law firm insured, … from News – Insurance Journal https://ift.tt/2XRuw4D

Swiss Re Corporate Solutions Appoints Grass as CFO, Succeeding Mueller

Swiss Re Corporate Solutions appoints Matthias Grass as chief financial officer, where he will be responsible for ensuring the Swiss Re business unit achieves its financial targets and implements its strategy. He will oversee a team of around 200 finance … from News – Insurance Journal https://ift.tt/3cFJKhv

Beazley Gets Approval to Launch Malaysia Company to Build Asia Pacific Distribution

Specialist insurer Beazley has extended its distribution capabilities in Asia Pacific following the authorization by the Labuan financial regulator of a new service company. The new company, Beazley Labuan Ltd., will support Beazley in building its presence in the Malaysian … from News – Insurance Journal https://ift.tt/2VHdZ0y

UniCredit Hackers Try to Sell Employee Data on Cyber-Crime Forums

Data on about 3,000 UniCredit SpA employees was put up for sale on cyber-crime forums after a hacking attack. The data went on sale on April 19 and contained what the hacker said was information on UniCredit workers, including emails, … from News – Insurance Journal https://ift.tt/2XSnNYh

Ferrari Provides Coronavirus Tests so Employees Can Return to Work

Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production. Under its … from News – Insurance Journal https://ift.tt/2VHdVOm

Danish Insurer Tryg Expects Wave of Travel Claims as Customers Cancel Holidays

Danish insurer Tryg expects to be hit by a wave of travel insurance claims as customers cancel their summer holidays due to travel restrictions imposed to tackle the coronavirus pandemic, it said on Tuesday. Denmark’s biggest insurance company said it … from News – Insurance Journal https://ift.tt/2VHdUdg

Lloyd’s pulls together BI data for PRA – reports

The marketplace has been asked to collate insurer BI cover information for the regulator. from Insurer - insuranceage.co.uk https://ift.tt/2RToPj5

Complete our survey: How has your business been hit by Covid-19?

Survey aims to find out how the industry has changed its working practices, the challenges faced by professionals working remotely and how brokers feel insurers have responded to the pandemic. from Insurer - insuranceage.co.uk https://ift.tt/2Ks6hSB

A Switch To Medicaid Managed Care Worries Some Illinois Foster Families

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Rebecca and Bruce Austin in central Illinois have six kids — ranging in age from 4 to 22. Five kids still live at home, and all of them came to the Austins through the foster care system. All told, they see 14 doctors. Many states promise to provide health care to help foster and adoptive families keep kids healthy, but recently in Illinois, thousands of children temporarily lost coverage when the state switched their health plans. Some of Rebecca and Bruce’s children got caught in the coverage gap, which has the Austins wondering whether the state will fulfill its end of the bargain. Three of the Austins’ children see psychiatrists. One has regular visits with specialists for epilepsy and other health conditions. Another has therapy four times a week for movement and speech delays. “A typical day is pretty crazy,” Rebecca Austin said in an interview before the coronavirus shelter-in-place orders were issued. “I say I’m a stay-at-home mom, but with all the doctors’ appointments and...