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Showing posts from May, 2020

Coronavirus Could Complicate Hurricane Response, Warns Catastrophe Modeler

“Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report that the pandemic will make what forecasters already predict to be an above-average hurricane season even more difficult. KCC highlighted, … from News – Insurance Journal https://ift.tt/3do0cnb

U.S. Warns Partners, Industrial Firms About Russian Hacking Operation

The U.S. National Security Agency on Thursday warned government partners and private companies about a Russian hacking operation that uses a special intrusion technique to target operating systems often used by industrial firms to manage computer infrastructure. “This is a … from News – Insurance Journal https://ift.tt/2TQ6Smy

Federal Reserve Finds Businesses Not So Optimistic About Economy

Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer. The Federal Reserve released a report Wednesday that draws on business contacts from the central … from News – Insurance Journal https://ift.tt/2McpCsa

California Approves PG&E Bankruptcy Plan With Oversight, Safety Conditions

California regulators approved PG&E Corp.’s $58 billion reorganization plan, bringing the power giant another step closer to exiting the biggest utility bankruptcy in U.S. history. The state’s Public Utilities Commission unanimously voted in favor of PG&E’s proposal after the company … from News – Insurance Journal https://ift.tt/2XbBHE0

Israel Thwarts Major Cyber Attack Against Its Water Systems

Israel’s national cyber chief Thursday officially acknowledged the country had thwarted a major cyber attack last month against its water systems, an assault widely attributed to arch-enemy Iran, calling it a “synchronized and organized attack” aimed at disrupting key national … from News – Insurance Journal https://ift.tt/2AgKuvE

Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence

Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s diverse applications. The … from News – Insurance Journal https://ift.tt/3dftXXm

Insurance Covid-Cast episode 18: Brit head of innovation James Birch on digital Lloyd's start-up Ki's plan to be a top 10 syndicate by 2025

Ki, the new standalone algorithmically-driven digital Lloyd’s syndicate launched by Brit Insurance in collaboration with technology giant Google, aims to be a top ten player in terms of capacity by 2025. from Insurer - insuranceage.co.uk https://ift.tt/2yNnx2K

Blog: What is the client view of broker commission?

IdRisk's Stephen Mooney responds to Mactavish's report on broker remuneration. from Insurer - insuranceage.co.uk https://ift.tt/2TQizJQ

Mississippi Governor Says Reopening Plan has ‘Freedom with Risk’

Mississippi Gov. Tate Reeves said Wednesday that he will allow all types of businesses to reopen Monday but they must follow safety guidelines to try to minimize spread of the new coronavirus. “This does not mean the threat is gone,” … from News – Insurance Journal https://ift.tt/2TP8RaJ

Survey: Florida Residents More Concerned for Hurricane Season Amid Pandemic

As Florida gets ready to officially start hurricane season, a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing issues related to the COVID-19 pandemic. According … from News – Insurance Journal https://ift.tt/2ZRf5uj

Texas Windstorm Insurer Outlines Funding for 2020 Hurricane Season

The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the Texas Windstorm … from News – Insurance Journal https://ift.tt/3dbNOqs

2 Companies Fined $1M Each Over Kansas Chemical Leak

Two companies that caused a chlorine gas leak over Atchison, Kansas, in 2106 have each been fined $1 million for violating federal clean air laws. Harcros Chemicals Inc., and MGP Ingredients Inc., had pleaded guilty to negligently violating the Clean … from News – Insurance Journal https://ift.tt/2ZMN9rn

WSS Hires Easley as Sr. Broker/Underwriter in Texas

WSS, a member of XPT Group, a specialty insurance distribution company, has added Meghan Easley as senior broker/underwriter in its Plano, Texas, office. Easley brings 15 years of industry experience, most recently in underwriting and brokerage business. She has extensive … from News – Insurance Journal https://ift.tt/2ZR34Fd

South Dakota Property Owners Sue Over Recently Exposed Mine, Sinkhole

Residents of a Black Hawk, South Dakota, neighborhood where a sinkhole has exposed an abandoned mine endangering their properties have filed a $75.5 million lawsuit claiming government entities and private developers were negligent. Attorney John Fitzgerald is representing more than … from News – Insurance Journal https://ift.tt/3gyEu1N

Governor Orders Probe of Failed Michigan Dams

Gov. Gretchen Whitmer has ordered an investigation to determine what caused two dams in central Michigan to fail, leading to devastating floods in several communities and forcing about 11,000 people to evacuate their homes. Whitmer ordered the Michigan Department of … from News – Insurance Journal https://ift.tt/2XGHb8N

University in Utah, Parents Didn’t Settle Lawsuit Over Slain Student

The University of Utah did not reach a settlement after two of mediation with the parents of slain track star Lauren McCluskey who filed a $56 million lawsuit over her death in 2018. The McCluskeys’ attorney Jim McConkie described the … from News – Insurance Journal https://ift.tt/2TQ0ITk

Trump’s Targeting of Social Media Immunity Is ‘Political Theater,’ Claim Legal Experts

President Donald Trump’s attempt to curb what he says is social media censorship is a political gambit and will not change the legal obligations of companies like Twitter Inc. and Facebook Inc., according to legal experts. An executive order signed … from News – Insurance Journal https://ift.tt/2XashIU

Tyson Foods to Close Iowa Meat Plant as More Workers Catch COVID-19

Tyson Foods Inc. said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply. Meat processors like … from News – Insurance Journal https://ift.tt/2yLkDeQ

Cannabis Broker Spotlight: Bozzuto with Cannabis Connect Is an Outspoken Advocate for the Business

Editor’s note: This is the first in a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few … from News – Insurance Journal https://ift.tt/36DhvOJ

Workers’ Compensation Insurtech Pie Raises $127 Million With Plan to Acquire Carriers

Workers’ compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined the insurtech’s current investors in the capital raise, including Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance … from News – Insurance Journal https://ift.tt/3gFYjV8

Insurtech Trov Partners with LatAm Insurer Sura to Bring On-Demand Insurance to Brazil

Trov, the San Francisco-based insurtech company, is partnering with Latin American insurer Seguros Sura to bring on-demand insurance products to the Brazilian market. Recent regulatory changes in Brazil have enabled insurers to offer on-demand insurance products to consumers and businesses … from News – Insurance Journal https://ift.tt/3decoqK

Thieves Find Unattended Autos Easy Targets During Coronavirus Sheltering-at-Home

The coronavirus hasn’t been kind to car owners. With more people than ever staying home to lessen the spread of COVID-19, their sedans, pickup trucks and SUVs are parked unattended on the streets, making them easy targets for opportunistic thieves. … from News – Insurance Journal https://ift.tt/36AEERO

Driving Hasn’t Found Its New Normal Yet: Opinion

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy. Apple mobility trends show searches for directions down … from News – Insurance Journal https://ift.tt/2AdZn1C

Trump Executive Order Aims to Shrink Liability Shield for Social Media Giants

Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets. Now, he’s poised to take action Thursday that could bring a … from News – Insurance Journal https://ift.tt/2Mc3ZYF

Could Hong Kong’s Role as Global Financial Hub Be Jeopardized by China Security Law?

China’s parliament approved a decision on Thursday to go forward with national security legislation for Hong Kong that democracy activists in the city and Western countries fear could erode its freedoms and jeopardize its role as a global financial hub. … from News – Insurance Journal https://ift.tt/2XvGZJq

Ageas partners with Victor in £60m capacity deal

Agreement sees the insurer provide capacity for Victor's products across agriculture and the third sector over the next five years. from Insurer - insuranceage.co.uk https://ift.tt/2Bbr6R9

Covid-19: BSI launches guidelines for safe return to work

Body says document is sector neutral and aligned to and complement the UK government guidance. from Insurer - insuranceage.co.uk https://ift.tt/2TLIt17

Brit Enters High Net Worth Market with Launch of Private Client Offering

Brit Ltd., the London-based specialty insurer and reinsurer, has launched a private client offering. Brit Private Client will provide brokers operating in the high and ultra-high net worth market, and their clients, with a bespoke approach. It will offer clients … from News – Insurance Journal https://ift.tt/36ASHGQ

Allianz and Generali Plan to Sell Life Insurance Assets: Sources

Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion … from News – Insurance Journal https://ift.tt/3epHgV7

Brit enters HNW market with Private Client launch

The division has been launched with Tara Parchment, formerly of Chubb, at the helm. from Insurer - insuranceage.co.uk https://ift.tt/2ZLD7XE

DUAL Specialty Underwriting Adds Black to Management Liability Team in Tennessee

DUAL Specialty Underwriting (DSU), the Management Liability division of DUAL North America, has added Heather Black as a senior underwriter. Black will be located in Nashville, Tenn. Black brings nearly 18 years of experience in the insurance industry with the … from News – Insurance Journal https://ift.tt/2M9jaBS

Viewpoint: What’s Fair When It Comes to Paying Insurance Claims?

The ongoing COVID-19 pandemic has tragically resulted in the deaths of 100,000 Americans, changed our day-to-day lives, hampered our economy, and forced us to reexamine how we live. As the country moves to reopening, after weeks of a shut down … from News – Insurance Journal https://ift.tt/2M62rzv

NY Stock Exchange Partially Reopens Trading Floor; Traders, Staff Sign Liability Waivers

New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March … from News – Insurance Journal https://ift.tt/2yDkUQP

Oregon Children Sue Day Care Owner, State Agencies Over Sex Abuse

The representatives of three children who attended a Polk County, Ore. day care are suing multiple people and state agencies over sexual abuse for $5.1 million. The children attended the now-closed Stinky Feet Childcare in Independence owned by Ceola Harden, … from News – Insurance Journal https://ift.tt/3dg5bqc

Woodruff Sawyer Adds Crowder in Northern California

Woodruff Sawyer has added Kelly Crowder to its Northern California management liability and property/casualty teams as a vice president and account executive. Crowder will serve high-growth private and public company clients. She was previously a senior risk management consultant and … from News – Insurance Journal https://ift.tt/2ZVqVUv

Top 100 Cities: 6 in 10 Homes in High-Risk Flood Zones Lack Flood Insurance

As the Atlantic hurricane season approaches, and central Michigan experiences severe flooding, a new report analyzing 100 of the largest U.S. cities shows where homeowners face the greatest financial risk and exposure to flooding. According to the personal financial website … from News – Insurance Journal https://ift.tt/2XD3Nad

Weakened Bertha Expected to Hit Carolinas, Virginia With Heavy Rains, Flash Floods

05/27/2020 02:53 PM (Reuters) – Bertha, the second named storm this Atlantic hurricane season, has weakened to a tropical depression but was still expected to bring heavy rain and possibly life-threatening flash floods to parts of the Carolinas and Virginia, … from News – Insurance Journal https://ift.tt/2XDOdLA

Lawmaker Details Federal Reinsurance for Pandemic Business Interruption, Event Losses

New York Congresswoman Carolyn Maloney has introduced the Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance Act. “This is the only bill I have written that people are … from News – Insurance Journal https://ift.tt/3d9oIIu

Coronavirus Cluster Found in Crew of Freight Cargo Ship in Australia

A coronavirus cluster was detected Tuesday on a freight ship berthed in the Australian west coast port of Fremantle, raising questions about why local authorities weren’t alerted to the danger. Six of 48 crew members from the Al Kuwait tested … from News – Insurance Journal https://ift.tt/2M5bFw4

Airbus Opens Investigation into Plane Crash that Killed 97 in Pakistan

Pakistan announced Tuesday that Airbus experts have opened a probe into last week’s plane crash that killed 97 people when an Airbus A320 went down in a crowded neighborhood near the airport in the port city of Karachi. Initial reports … from News – Insurance Journal https://ift.tt/3gvenbU

Massachusetts Begins Phased Reopening, Implements Safety Standards for Workplaces

Massachusetts Governor Charlie Baker has implemented mandatory safety standards for workplaces to reduce the risk of COVID-19 transmissions as the state begins its phased reopening of businesses. All businesses in Massachusetts must develop a written plan for how they will … from News – Insurance Journal https://ift.tt/3grdEJ1

Liberty Mutual Appoints Perez to Chief Underwriting Officer of Global Risk Solutions

Liberty Mutual Insurance has appointed David Perez as chief underwriting officer for Global Risk Solutions (GRS). GRS is Liberty Mutual’s global commercial and specialty lines reinsurer that provides a full range of traditional insurance, specialty and reinsurance risk solutions to … from News – Insurance Journal https://ift.tt/2Ais6SP

Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic

Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage. Oil … from News – Insurance Journal https://ift.tt/36xtfSM

Severe Storm Batters Coast of West Australia

Tens of thousands of homes and businesses lost power, buildings were battered and trees were uprooted as a vast stretch of the west Australian coast was whipped by a severe storm on Monday for the second straight day. No casualties … from News – Insurance Journal https://ift.tt/36Bk2Zq

Swiss Re Corporate Solutions Names Hunziker as APAC Head Property & Specialty

Swiss Re Corporate Solutions has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective Sept. 1, 2020. In this role, Hunziker will be responsible for providing underwriting leadership, portfolio steering and growing the Property & Specialty product offering … from News – Insurance Journal https://ift.tt/3grC3hx

Public trust in insurance was up before Covid-19 hit

CII survey shows SMEs and consumers valued loyalty over knowing what an insurance policy covered and excluded, as body suggests experiences with claiming for coronavirus-related losses will impact trust in the sector. from Insurer - insuranceage.co.uk https://ift.tt/36AJLRZ

Blog: Private prosecutions in the fight against insurance fraud

Law firm EML reports that £1.2bn in dishonest claims were recorded in 2018 and details how providers are hitting back. from Insurer - insuranceage.co.uk https://ift.tt/2XxAbLv

Florida CFO to Focus On Pandemic Business Liability Protections in 2021 Session

Florida CFO Jimmy Patronis said he will pursue legislation that establishes liability protections for businesses in the next legislative session slated to start in March 2021. The Florida Department of Financial Services said in a statement that Patronis is currently … from News – Insurance Journal https://ift.tt/3erU8u9

Retail Subsidiaries of BB&T Rebrand as McGriff, Maintain North Carolina Headquarters

McGriff Insurance Services, Inc., and McGriff, Seibels & Williams, Inc., the retail insurance subsidiaries of BB&T Insurance Holdings, have rebranded their businesses to McGriff. The company said in a statement the rebranding is designed to simplify the firm’s overall identity … from News – Insurance Journal https://ift.tt/2TDOsVO

SEC Pursues Coronavirus Fraudsters With Help From Whistleblowers

The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid. The … from News – Insurance Journal https://ift.tt/2B0mEEx

P/C Insurance Underwriting Profits Up 21% for Q1: AM Best Analysis

Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate underwriting profits for first-quarter 2020 were more than 21 percent higher than first-quarter 2019, AM Best reported. The first-quarter underwriting … from News – Insurance Journal https://ift.tt/2ZDDmns

Property Damage – Is It Because the Government Says It Is?

Property Damage: Is it “Property Damage” Just Because a Jurisdictional Order Uses the Term “Property Damage”? Some plaintiff attorneys are almost giddy over the fact that several jurisdictions used the term “property damage” in their respective emergency declarations to justify … from News – Insurance Journal https://ift.tt/3c9Otah

Lockton Affinity to Offer Coverage for Architects, Engineers through GenStar

Lockton Affinity has expanded its insurance coverage offerings to include customized policies for architecture, civil engineering, construction management, design build, electrical engineering, HVAC engineering, interior design, landscape architecture, mechanical engineering and surveying professionals. These professionals will have access to professional … from News – Insurance Journal https://ift.tt/3gtScmv

Times Square to Go Dark to Shine Light on Fight Over Business Interruption Insurance

The digital billboards in New York City’s famous Times Square will go dark tonight at 9 pm ET for one minute to dramatize the plight of restaurants, non-profits and retailers across the country that are suffering business losses due to … from News – Insurance Journal https://ift.tt/2zyrLeU

Residents in Small Alaska Town Feel Moderate Earthquake

People in Kodiak City reported early Saturday that they felt a moderate earthquake that struck the Kodiak Island region, the Alaska Earthquake Center confirmed. The magnitude 4.4 earthquake hit at 12:52 a.m. Saturday and had an epicenter that was 58 … from News – Insurance Journal https://ift.tt/2TF90gu

Nevada Governor Declares Emergency After Big Quake

Gov. Seve Sisolak has declared a state of emergency after Nevada’s biggest earthquake in 65 years caused significant damage to three U.S. highways, including the major route connecting Reno to Las Vegas. Sisolak said his declaration late las week will … from News – Insurance Journal https://ift.tt/2X1WXvR

Warehouse Fire Devastates San Francisco’s Fishing Industry

A huge fire that tore through a warehouse on San Francisco’s Fisherman’s Wharf has destroyed fishing gear used to deliver about two-thirds of the city’s fresh seafood, threatening to disrupt the upcoming Dungeness crab season, local fishermen said Sunday. The … from News – Insurance Journal https://ift.tt/2TCFyrt

Three Members of $31.7M New York City Trip-And-Fall Scheme Sentenced to Prison

Three members of a $31.7 million trip-and-fall scheme to defraud New York City businesses and their insurance companies have been sentenced to prison. Bryan Duncan, Robert Locust and Ryan Rainford were sentenced by U.S. District Judge Disney H. Stein in … from News – Insurance Journal https://ift.tt/3d2iFpm

California Workers’ Comp Bureau Lowers Mid-Range Estimate of COVID Costs by $10B

The Workers’ Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, dropping a prior mid-range estimate by $10 billion. In a report published on … from News – Insurance Journal https://ift.tt/3gj4IFz

EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks

A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve public-private partnerships and could cover events which hit … from News – Insurance Journal https://ift.tt/2X1mt4z

Official Says Fire at Middle School in New Hampshire Was Set Intentionally

A fire at Portsmouth Middle School in New Hampshire early Saturday appears to have been intentionally set, an official said. Firefighters arrived at the school after 3 a.m. and found flames coming out the front door of the main entrance … from News – Insurance Journal https://ift.tt/2X0YulS

Workers’ Lawsuit Against McDonald’s Seeks Safety Measures, Not Damages

As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against further spread of the coronavirus. Workers and their families … from News – Insurance Journal https://ift.tt/3gyxEtk

Willis Towers Watson Launches Customized Cyber Insurance for Shipowners

Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the ground up to specifically address … from News – Insurance Journal https://ift.tt/3elsmPT

Chubb Not Responsible for Superstorm Sandy Damage to Two Insureds’ Homes

A New Jersey appeals court has upheld a trial court’s ruling that Chubb Insurance Co. is not responsible for damages to two insureds’ homes caused by Superstorm Sandy because of a flood exclusion in their policies. In October 2012, Superstorm … from News – Insurance Journal https://ift.tt/3gshSQK

Canopius Appoints AXA XL’s Elliott as APAC Casualty Underwriter

Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020. He reports to Claudio Saita, head of Australia & Pacific, and is based in the company’s Sydney office, established last June as part … from News – Insurance Journal https://ift.tt/2ZAWJ0q

Axa to pay French Covid-19 BI claims after court ruling – reports

The insurer will pay out to restaurants following a court decision that it must pay one owner two months worth of coronavirus-related cover. from Insurer - insuranceage.co.uk https://ift.tt/3d3f8qR

Market hardening fast-tracked by Covid-19 crisis

Experts say the insurance sector has been “traumatised” by the prospect of unintended coverage for business interruption related to coronavirus. from Insurer - insuranceage.co.uk https://ift.tt/2M0Udc0

AXA to Pay Business Interruption Claims to Restaurants After Court Ruling

AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should pay one owner two-months’ worth of coronavirus-related revenue losses. The ruling on a disputed … from News – Insurance Journal https://ift.tt/3gqsqPY

Blog: An underwriter's guide to developing a scheme

Ecclesiastical's Will Browne, outlines the key steps for successful delegated authority. from Insurer - insuranceage.co.uk https://ift.tt/2zmiCGo

As Hurricane Season Starts, Coronavirus to Impact Disaster Preparedness

With forecasters predicting another intense Atlantic hurricane season with as many as 13 to 19 named storms, disaster preparedness experts say it’s critically important for people in evacuation zones to plan to stay with friends or family, rather than end … from News – Insurance Journal https://ift.tt/2ZAkqpF

Space Explorers Should Beware of Viruses From Outer Space: Opinion

This summer, the National Aeronautics and Space Administration will launch a rover designed to collect samples of the Martian surface and store them until they can eventually be brought back to Earth. When they arrive, according to a former NASA … from News – Insurance Journal https://ift.tt/2TCYLtm

NFL Player Sues Airline, Says Attendants Failed to Stop Sexual Harassment by Passenger

An NFL player is suing United Airlines, saying he was harassed and sexually assaulted by an intoxicated female passenger on a red-eye flight in February. The player said in a lawsuit that soon after boarding the cross-country flight, a woman … from News – Insurance Journal https://ift.tt/2X02nre

Crest Insurance in Colorado Adds Stephen and Vallino in Employee Benefits

CREST Insurance Group of Colorado has added Lyal Stephen and Dylan Vallino to the fir in the new Ft. Collins location. Both will be producers in the employee benefits division. Lyal was previously a broker at PFS Insurance Group. Dylan … from News – Insurance Journal https://ift.tt/2TBfvBi

BHSI Expands Defense Base Act Coverage into Dubai

Berkshire Hathaway Specialty Insurance (BHSI) is now offering Defense Base Act (DBA) insurance on a global basis through its DBA-dedicated underwriting and claims team in Dubai. According to Neeraj Yadvendu, head of Third-Party Lines, BHSI Middle East, the mandatory coverage … from News – Insurance Journal https://ift.tt/3gkuGIB

CFC Launches Standalone Licensing Agreement Liability Product for IP Risks

CFC has released an insurance product for licensing agreements that expands on the company’s suite of media and intellectual property insurance products. According to the company, the global licensing industry is rapidly expanding as brand owners increasingly monetize their intellectual … from News – Insurance Journal https://ift.tt/2XrEgRm

Kansas Legislature Passes Bill Barring COVID-19 Lawsuits

Republicans pushed a sweeping coronavirus measure through the GOP-controlled Kansas Legislature on May 22, aiming to shield businesses and health care providers from coronavirus-related lawsuits and take control of the state’s pandemic response from Democratic Gov. Laura Kelly. Some Democrats … from News – Insurance Journal https://ift.tt/2ZIJkn0

What’s a Life Worth? America Weighs Costs, Benefits of Social Distancing

We are becoming a nation of amateur actuaries, calculating the risk of restarting our lives. Can we go outside? Can we go back to work? Can we go to a restaurant or bar? Can we go to the beach? Can … from News – Insurance Journal https://ift.tt/2TGsAt3

COVID-Like Cough Sent Him To ER — Where He Got A $3,278 Bill

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From late March into April, Timothy Regan had severe coughing fits several times a day that often left him out of breath. He had a periodic low-grade fever, too. Send Us Your Medical Bill Do you have an exorbitant or baffling medical bill? Join the KHN and NPR ‘Bill of the Month’ Club and tell us about your experience. We’ll feature a new one each month. Submit Your Bill Wondering if he had COVID-19, Regan called a nurse hotline run by Denver Health, a large public health system in his city. A nurse listened to him describe his symptoms and told him to immediately go to the hospital system’s urgent care facility. When he arrived at Denver Health — where the emergency room and urgent care facility sit side by side at its main location downtown — a nurse directed him to the ER after he noted chest pain as one of his symptoms. Regan was seen quickly and given a chest X-ray and electrocardiogram, known as an EKG, to check his lungs and heart. Both were normal. A doctor presc...

Maryland P/C Insurance Consumers to Receive More Than $250M in Premium Relief

Maryland property and casualty insurance consumers will receive more than $250 million in premium relief during the COVID-19 State of Emergency, according to a Maryland Insurance Administration (MIA) press release. As of May 14, property and casualty insurance companies have … from News – Insurance Journal https://ift.tt/2WREa6A

Australia Clamps Down on Litigation Funders Following Surge in Class Action Lawsuits

The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian … from News – Insurance Journal https://ift.tt/36kjDuz

Some of Hand Sanitizer Purell’s Claims Called Misleading, Draw Lawsuits

Everyone’s favorite hand sanitizer may have to stand trial for claiming it can stop you from getting sick. A trio of lawsuits has hit Purell’s maker, Gojo Industries Inc., since the World Health Organization declared the coronavirus outbreak a public … from News – Insurance Journal https://ift.tt/3bOfjEY

Retaliation Claim Against Delaware Law Firm Over Softball Injury Nixed

A judge has dismissed a lawsuit against a Delaware law firm filed by a paralegal who claims he was targeted for retaliation after being injured while playing on the law firm’s softball team and filing a workers’ compensation claim. The … from News – Insurance Journal https://ift.tt/36yfhjH

Airbus A320 Jet Crashes in Pakistan with 107 People on Board

An Airbus SE jet operated by Pakistan International Airlines crashed with 107 people on board as it approached its destination of Karachi. Flight PK 8303, which took off from Lahore, was carrying 99 passengers and 8 crew, Pakistan’s Civil Aviation … from News – Insurance Journal https://ift.tt/2WTquYN

Zurich North America Brings Apprenticeship Program to New York City

Zurich North America is expanding its professional apprenticeship program from its Chicagoland headquarters to its downtown New York City office this fall, with the Borough of Manhattan Community College (BMCC) as the education provider. Zurich is a provider of insurance … from News – Insurance Journal https://ift.tt/2zlEguc

Head Lines: Mental health support for insurance workers

As Mental Health Awareness Week draws to a close Insurance Age asks what employers are doing for the people keeping the industry moving as they cope with Covid-19. from Insurer - insuranceage.co.uk https://ift.tt/3e7tqqr

RSA and Hiscox face new group action in Covid-19 BI legal row

Law firm Edwin Coe is advising two groups of businesses who have had their BI claims rejected by Hiscox and RSA. from Insurer - insuranceage.co.uk https://ift.tt/3d6ZOJT

Business interruption hit of £200m predicted by Aviva

The insurer said most of its BI policies do not cover impacts arising from Covid-19. from Insurer - insuranceage.co.uk https://ift.tt/36ogxWn

SUNZ Insurance Solutions in Florida Names Leonard as President

Rick Leonard, former director of Sales and executive vice president with SUNZ Insurance Solutions, has been appointed president of the company. Leonard has been with SUNZ, a national provider of workers’ compensation insurance, for nearly 10 years and initially joined … from News – Insurance Journal https://ift.tt/2WURkjb

Brazil Reinsurer IRB Eyes Purchase of Foreign Competitors’ Portfolios: Sources

Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals’ portfolios in Brazil and elsewhere in Latin America as foreign competitors scale back in the region, two sources close to the company told Reuters. Any such acquisition … from News – Insurance Journal https://ift.tt/3e9Mx32

Menard Inc. in Michigan for Sued by EEOC for Sexual Harassment

Menard Inc., which operates over 300 Menards home improvement stores in 14 states, has been sued by federal authorities on charges that it failed to act on multiple complaints of sexual harassment by an assistant manager at its facility in … from News – Insurance Journal https://ift.tt/2AUXxTT

LP Insurance Services Adds Layne in Employee Benefits in Nevada

LP Insurance Services LLC has named Chad Layne to the southern Nevada employee benefits sales team. Layne has been a benefits insurance broker for more than 25 years. Most recently he was president of Layne Insurance Services. He began his … from News – Insurance Journal https://ift.tt/2ZpjfJK

SelectQuote Raises $350M in IPO; Shares Jump 40% in Market Debut

Shares of SelectQuote Inc. jumped more than 40% in their stock market debut on Thursday, giving the insurance policy comparison website a market valuation of over $4 billion. The company’s stellar offering is the latest sign of thawing in the … from News – Insurance Journal https://ift.tt/3g6XZOV

Federal Coronavirus Business Interruption Suits Now Top 100; Many More Expected

A federal court has received notice that 101 lawsuits have been filed as of Wednesday seeking coverage from insurers for business interruption losses caused by COVID-19. Plaintiffs attorneys say they expect the number to rise into the thousands. “Ultimately, I … from News – Insurance Journal https://ift.tt/2LQCuUI

Woodruff Sawyer Adds Glover as Producer in California

Woodruff Sawyer has added Paul Glover to the San Francisco, Calif., office as a producer and account executive in the firm’s real estate practice. He has been bringing serving clients in the real estate and manufacturing industries for more than … from News – Insurance Journal https://ift.tt/36ma0v8

Michigan Flood Puts Privately Owned Dams in Harsh Spotlight

The dams that breached after days of heavy rain in central Michigan are privately owned and had been the center of controversy for several years. Now Governor Gretchen Whitmer is saying these critical facilities should not be in private hands. … from News – Insurance Journal https://ift.tt/2zc4iQJ

COVID-19 Contact Tracing Apps Proving Not Much of a Help Thus Far

Harnessing today’s technology to fight the coronavirus pandemic is turning out to be more complicated than it first appeared. The first U.S. states that rolled out smartphone apps for tracing the contacts of COVID-19 patients are dealing with technical glitches … from News – Insurance Journal https://ift.tt/36npiA6

Generali 1st Quarter Net Profit Plunges 84.8% on COVID-19 Investment Hit

Generali’s first quarter net profit plunged 84.8% to €113 million (US$124 million) from €744 million (US$815.5 million) reported in Q1 2019, as a result of the impact of the COVID-19 pandemic on financial markets. The hit to its Q1 net … from News – Insurance Journal https://ift.tt/2XgPmsl

Safety Probe Cites ‘Poor Safety Culture’ for Fatal Air Ambulance Crash

A lax safety culture at an air ambulance company led to the crash of a medical helicopter last year in snowy weather in Ohio that killed three people, federal investigators said Tuesday. Survival Flight’s “inadequate management of safety” led the … from News – Insurance Journal https://ift.tt/2zhRBUj

Woodruff Sawyer CEO Barrengos Appointed CEO and Chairman, Loar Named Chairman Emeritus

San Francisco, Calif.-based Woodruff Sawyer today announced Andy Barrengos has been appointed CEO and chairman by the board of directors. Stan Loar is to be honored with the title of chairman emeritus. In addition, Woodruff Sawyer’s board has introduced the … from News – Insurance Journal https://ift.tt/3cUw5nk

When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal

Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus. Britain’s financial sector is working to bring staff back … from News – Insurance Journal https://ift.tt/3gcaaK3

New York Dusts Off 1918 Pandemic Playbook For Help in Making Subway Safer

As in 1918, New York may use staggered work hours to keep subway safe As New York City makes plans to reopen in the coming months, officials are dusting off the playbook from the 1918 flu pandemic, when businesses were … from News – Insurance Journal https://ift.tt/3g4nkJj

Cyclone Amphan Floods Areas of India and Bangladesh, Threatening Pandemic Fight

The biggest cyclonic storm over the Bay of Bengal in two decades wrecked havoc along India’s east coast and in Bangladesh, killing several people, flooding low-lying areas and affecting power supply. Amphan is likely to continue to move north-northeastward and … from News – Insurance Journal https://ift.tt/3e2TWBl

Blog: Support the IUAD's emergency appeal

Mitsui Sumitomo's Simon Beale explains why Insurance United Against Dementia has launched an emergency appeal as the coronavirus crisis makes life even tougher for families living with dementia. from Insurer - insuranceage.co.uk https://ift.tt/36hIbUZ

UK’s Aviva Expects COVID-19-Related Claims of Nearly $200 Million

British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter sales, it said on Thursday, as government lockdowns aimed at containing the virus hit the global economy. Insurers globally are … from News – Insurance Journal https://ift.tt/3g8P4w9

Roads Are Emptier But Riskier During Coronavirus Quarantine. Fatalities Up 14%.

As Americans have driving less and covering fewer miles, the emptier roads have become more lethal. Preliminary data from the National Safety Council indicate a year-over-year 14% jump in fatality rates per miles driven in March, in spite of an … from News – Insurance Journal https://ift.tt/3bTKkY2

States Sharing of COVID-19 Patients’ Data With First Responders Sparks Privacy Concern

More than 11 million people have been tested in the U.S. for COVID-19, all with the assurance that their private medical information would remain protected and undisclosed. Yet, public officials in at least two-thirds of states are sharing the addresses … from News – Insurance Journal https://ift.tt/3cLzWTs

OSHA Vows More Work Safety Inspections for Coronavirus as Businesses Reopen

The U.S. Labor Department will expand inspections of businesses to reduce job-site hazards related to the new coronavirus as employees begin returning to work across the country, although the policy falls short of demands by worker advocates. The revised policy, … from News – Insurance Journal https://ift.tt/2ZzT6bp

Insurance Is Not A Company’s Primary Line of Defense in a Crisis

Imagine your company having a Halloween party: Employees show up wearing costumes mocking your customers, says the chief executive of a New York commercial insurance brokerage we recently interviewed. “Now imagine what happens when pictures of the party go public.” … from News – Insurance Journal https://ift.tt/2ylA79d

BMS Names Former Everest CEO Addesso as Non-Exec Chair of U.S. Reinsurance Arm

BMS Group, the London-based specialist re/insurance broker, announced the appointments of Dominic Addesso as non-executive chairman and LoriAnn Lowery-Biggers as an independent non-executive director of BMS Intermediaries Inc., the group’s U.S. reinsurance intermediary arm. Addesso and Lowery-Biggers also join as … from News – Insurance Journal https://ift.tt/36eVN3e

Allianz Group Appoints Richter to lead Cyber Center of Competence

Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and governance across Allianz Group and is embedded … from News – Insurance Journal https://ift.tt/2zVU9aw

Aviva joins string of insurers under attack in Covid-19 BI dispute

Law firm Mishcon de Reya names Aviva and QBE and is in discussions with third party funders to fund the litigation on behalf of hospitality sector which it expects to move forward by 10 June. from Insurer - insuranceage.co.uk https://ift.tt/3bPIWWg

Generali Digitizes Art Insurance, Offering Collectors Remote Evaluation of Artworks

ARTE Generali, Generali Group’s business unit that provides art insurance to collectors, has unveiled a new app, which offers remote evaluation of artworks. In addition, ARTE Generali has set up a program to support small galleries, museums and art dealers … from News – Insurance Journal https://ift.tt/2ZkhX2A

UK Broker Awards: Complete your submission today

The deadline of Friday is fast approaching, so, if you have started an entry don’t forget to finish it this week! from Insurer - insuranceage.co.uk https://ift.tt/2Zl9f4g

Opinion: Where is our North Star? Solutions not gestures are what we need now.

Brightside's Brendan McCafferty calls for a guiding light for the sector and warns that, if the market fails to get its Covid-19 response right, there could be hell to pay. from Insurer - insuranceage.co.uk https://ift.tt/36g8Cdz

How A Company Misappropriated Native American Culture To Sell Health Insurance

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Jill Goodridge was shopping for affordable health insurance when a friend told her about O’NA HealthCare, a low-cost alternative to commercial insurance. The self-described “health care cooperative” promised a shield against catastrophic claims. Its name suggested an affiliation with a Native American tribe — a theme that carried through on its website, where a feather floats from section to section. The company promises 24/7 telemedicine and holistic dental care on its website. It says it provides more nontraditional options than “any other health care plan,” including coverage for essential oils , energy medicine and naturopathic care. All of that and conventional care, too. Don't Miss A Story Subscribe to KHN’s free Weekly Edition newsletter. Sign Up Please confirm your email address below: Sign Up It struck Goodridge as innovative. She signed up for a high-deductible plan, paying more than $9,000 in premiums and fees over 13 months, she said. Yet s...

Brexit Talks Become Acrimonious as UK Slams EU’s ‘Unworthy’ Trade Offer

Boris Johnson’s chief Brexit negotiator accused the European Union of offering the UK only a “low-quality” trade deal as talks between the two sides descended into acrimony. In a dramatic intervention in the increasingly fractious negotiations over the future UK-EU … from News – Insurance Journal https://ift.tt/2Zx47Kz

For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit

Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its inception in October … from News – Insurance Journal https://ift.tt/2ygXZur

Wisconsin’s M3 Insurance Joins TechAssure

TechAssure, an international nonprofit association of insurance and risk management experts for technology-related risks, has named Madison, Wisconsin-based M3 Insurance as a new member. A top 50 insurance broker and risk management firm, M3 employs more than 300 people from … from News – Insurance Journal https://ift.tt/3bLJblh

Mississippi to Offer $300M in Virus Relief Grants for Small Businesses

Mississippi Gov. Tate Reeves said last week that he expects to sign a bill to create grants for small businesses by using part the state’s coronavirus relief money. The governor’s staff was involved in negotiations that led to the bill … from News – Insurance Journal https://ift.tt/3cQBeMU

Holmes Murphy’s CSDZ Adds Beyer to Minnesota Risk Management Team

CSDZ, a Holmes Murphy company, has added Cal Beyer to its Minnesota team as vice president of Workforce Risk and Worker Wellbeing. Beyer has over 30 years of safety, insurance, and risk management experience, with 24 of those years serving … from News – Insurance Journal https://ift.tt/2yh8Nc2

West Virginia Expands State Reopenings Ahead of Memorial Day Weekend

West Virginia Gov. Jim Justice on Monday expanded his plan to lift coronavirus restrictions while acknowledging that cases will likely rise as the economy reopens. The Republican governor has added indoor malls to the growing list of businesses set to … from News – Insurance Journal https://ift.tt/2ZkhqOb

The Liberty Company Insurance Brokers Adds Barkasy in South Carolina

The Liberty Company Insurance Brokers has hired David Barkasy to establish a presence for the company in South Carolina. Barkasy, who has been in the insurance field for more than 20 years, joins the team as a producer and is … from News – Insurance Journal https://ift.tt/3g6e0V9

North Carolina Revises Workers’ Comp Premium Rules Related to COVID-19

Two new rule revisions to the North Carolina Basic Manual for Workers Compensation and Employers Liability (NC Basic Manual) related to the COVID-19 pandemic have been approved by the North Carolina Department of Insurance. The North Carolina Rate Bureau (NCRB) … from News – Insurance Journal https://ift.tt/3cP6pbp

Texas Storage Tank Facility Cited for Safety Hazards, Fined $234.5K

Alexander Tank Company – a manufacturer of steel storage tanks based in Luling, Texas – has been cited by federal regulators for repeat safety and health hazards and fined $234,528. The U.S. Occupational Safety and Health Administration (OSHA) cited Alexander … from News – Insurance Journal https://ift.tt/36cVZA4

McDonald’s Faces Class Action From Workers Over COVID-19 Safety

Five McDonald’s workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19 and endangering employees and their families. McDonald’s failed to provide adequate hand sanitizer, gloves … from News – Insurance Journal https://ift.tt/2WNtxkY

WCF Insurance Promotes Boyd to California Director of Underwriting

WCF Insurance has promoted Ann Boyd to California director of underwriting in the Roseville. Boyd will lead the underwriting team’s growth and development in California will report to Gwen Church, vice president of underwriting. She joined WCF Insurance in 2018. … from News – Insurance Journal https://ift.tt/2zT1TdD

Work From Home Is Fine . . . For Now: Opinion

There are reasons to be optimistic about corporate America getting more comfortable with work-from-home arrangements brought on by the coronavirus pandemic. Workers gain more flexibility around their working and living arrangements. Both companies and workers stand to save money by … from News – Insurance Journal https://ift.tt/3bTOfEt

Johnson & Johnson to No Longer Sell Talc-Based Baby Powder in U.S., Canada

Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, making the decision after a consumer products “portfolio reassessment related to COVID-19.” The U.S. healthcare conglomerate said it … from News – Insurance Journal https://ift.tt/2zV6Cv6

Louisiana Senate OKs Bill Aimed at Curbing Car Accident Lawsuits

The Louisiana Senate has agreed to change the rules for lawsuits over car wrecks, aiming to limit damage claims against insurance companies and other businesses. The Senate voted 29-8 for the bill by Republican Sen. Kirk Talbot of River Ridge. … from News – Insurance Journal https://ift.tt/36fpv8d

Car Crashes into Closed Pennsylvania Convenience Store

A car slammed into a convenience store in western Pennsylvania, killing one woman and injuring two others, authorities said. The car was traveling down Dwellington Drive in Middlesex Township when it crashed into a closed store at the CoGo’s at … from News – Insurance Journal https://ift.tt/2zOx4GQ

Citi Appoints Haider to its Financial Institutions Group in New York

Citi has appointed Jawad Haider as North America head of insurance in its Financial Institutions Group, based in New York. He is starting at Citi effective immediately. Haider has more than 20 years of experience in providing strategic coverage and … from News – Insurance Journal https://ift.tt/2ygnCM5

Delaware Teen Charged with Setting Fire at Elementary School

Authorities in Delaware have arrested a 14-year-old boy accused of intentionally setting fire to a structure at an elementary school, causing damage estimated at $80,000, according to the State Fire Marshal’s Office. State Fire Marshal deputies charged the teenager with … from News – Insurance Journal https://ift.tt/2WIdmFQ

People Moves round-up: 18 - 22 May 2020

Keep up to date with the latest people moves. from Insurer - insuranceage.co.uk https://ift.tt/2ZkCpAq

George Culmer becomes Aviva chairman

He succeeds Sir Adrian Montague who had been in the role since 2015. from Insurer - insuranceage.co.uk https://ift.tt/2Xa3uUi

Aon Promotes Petrevski to Data, Analytic Services Leader

Global insurance broker Aon has promoted Steve Petrevski as senior vice president and general manager of Data & Analytic Services. Petrevski will be responsible for developing and executing Aon’s data and analytic services platform, which brings together data, technology, expertise … from News – Insurance Journal https://ift.tt/2Tn8KTv

Beazley confirms £247m equity raise

Provider completes placement of new shares in order to support organic growth and strengthen its balance sheet to be able to respond to Covid-19 uncertainty. from Insurer - insuranceage.co.uk https://ift.tt/2ZjO6Hp

How are brokers ensuring business continuity amid Covid-19?

James Daly, director of Ravenhall Risk Solutions, tells the Applied Systems team how businesses can protect themselves through the coronavirus outbreak. from Insurer - insuranceage.co.uk https://ift.tt/2Zj5eNy

Risk Managers Expect Prolonged Global Recession on COVID-19 Crisis: WEF Report

Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak … from News – Insurance Journal https://ift.tt/2WKEzHZ

Sony to Take Full Control of Its Financial Unit for $3.7B, Aiming for Fintech Growth

Sony Corp. said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal will allow the Japanese electronics and … from News – Insurance Journal https://ift.tt/3e07gGI

India, Bangladesh Prepare for Biggest Cyclone in 20 Years with Evacuation of Thousands

The biggest cyclonic storm over the Bay of Bengal in about two decades may likely weaken as it hits coasts of India and Bangladesh late on Wednesday, with authorities making preparations to evacuate more than 5 million people to safer … from News – Insurance Journal https://ift.tt/2zO6ltZ

Covid-19 Broker Impact Survey

How have brokers been both challenged and supported as the industry gets to grips with adapting to the demands of coronavirus? from Insurer - insuranceage.co.uk https://ift.tt/2ZlsquD

North Carolina Tyson Foods Plant Closes for COVID-19 Deep Clean After Worker Illnesses

A poultry producer is temporarily closing a North Carolina plant for cleaning amid the COVID-19 outbreak. Tyson Foods spokesman Derek Burleson said in an email one of two fresh meat plants at its Wilkesboro complex was closed from Thursday to … from News – Insurance Journal https://ift.tt/2ZtbnHl

Nearly 9K Acre Brush Fire in Southwest Florida Destroys At Least 7 Homes

At least seven homes were lost in a brush fire in southwest Florida, and many of the victims say they escaped with nothing more than the clothes on their backs. The 8,663-acre wildfire fire in Collier County continued to burn … from News – Insurance Journal https://ift.tt/2zcC08p

Insurance Office of America Adds Goodwell in California

Insurance Office of America has added Theo Goodwell as a commercial property/casualty insurance producer in its San Diego, Calif., office. His focus will be on select commercial business accounts. Goodwell was previously a broker at Snapp & Associates Insurance Services … from News – Insurance Journal https://ift.tt/2ZsZpgT

When Insurers Deny Claims, Brokers Are Next in Line for Allegations of Wrongdoing

In the wake of government orders shutting down or seriously limiting the operations of businesses to deal with the COVID-19 outbreak, many affected businesses have turned to their insurers for coverage. This has led to a flurry of lawsuits across … from News – Insurance Journal https://ift.tt/2z9YQO6

U.S. Employers Shying Away From Using Coronavirus ‘Immunity’ Tests in Reopening

U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to the new coronavirus have been touted by governments … from News – Insurance Journal https://ift.tt/3cFfqns

OSHA Releases First Coronavirus Guidance for Nursing Homes

The U.S. Department of Labor last Thursday issued its first workplace guidance to nursing homes since the COVID-19 pandemic swept the country and ravaged care facilities, saying residents, staff and visitors should keep 6 feet (1.83 meters) apart. The alert … from News – Insurance Journal https://ift.tt/2ABD85P

Ed Broking Launches E-Trading Platform Called ‘TradEd’ in Bermuda

Ed Broking, the London-based reinsurance, wholesale and specialty broker, announced the external launch of its TradEd portals for carriers and clients in Bermuda. TradEd, the e-trading platform that is used in-house by BGC insurance companies* globally, is now available to … from News – Insurance Journal https://ift.tt/3bI2kET

Take part in Insurance Age's commercial & agriculture e-trading broker survey

Are you a commercial or agricultural broker? Share your views on these business lines and thoughts on e-trade. from Insurer - insuranceage.co.uk https://ift.tt/2ZdBcuE

Covid-19: Hiscox Action Group primed for £40m legal attack

The group, which is in dispute with Hiscox over business interruption cover, now represents more than 400 members and has the go-ahead to begin legal proceedings. from Insurer - insuranceage.co.uk https://ift.tt/3dTweHy

BMS Signs Long-Term Partnership Agreement with Chilean Broker Insurex Re

BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by Insurex Group. A long-term business plan has been agreed … from News – Insurance Journal https://ift.tt/2ycIN1r

Coronavirus Blocks Farm Laborers from Working in UK – in Possible Foretaste of Brexit

Britain’s fruit and vegetable farmers have long dreaded their country’s exit from the European Union, worrying that it would keep out the tens of thousands of Eastern European workers who come every year to pick produce. Now, the coronavirus pandemic … from News – Insurance Journal https://ift.tt/2X6KuWH

Europe Faces Sweltering Summer with Below-Average Rainfall: Scientists

Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways. That’s the conclusion of scientists at the Copernicus Climate Change Service, who published the seasonal outlook this week. … from News – Insurance Journal https://ift.tt/3g29l6u

Italy to Protect Businesses from Liability if Workers Catch Coronavirus: News Report

Italian businesses that follow the health and safety rules are protected from liability in case returning workers catch coronavirus, the head of the country’s insurance association said in an interview with La Stampa. While infections are categorized as workplace accidents … from News – Insurance Journal https://ift.tt/2z6UFCF

Tourists, Beware: Foreign Visitors’ Travel Health Insurance Might Exclude Pandemics

It was evident that the fever, nausea and loss of appetite Vlastimil Gajdoš felt on his wedding day was not a mere case of cold feet. Gajdoš, 65, fell ill in Honolulu in March after arriving with his bride-to-be from the Czech Republic. He and Sylva Di Sandro, 58, intended to marry and honeymoon on the island. While they did tie the knot, they also engaged in serious battle with the novel coronavirus. He was in the hospital for two weeks, some of it in intensive care, on a ventilator. Like many visitors to the U.S., who are aware that health care prices here can be higher than back home, Gajdoš purchased a travel insurance plan that covered up to $300,000 in medical expenses. But after Gajdoš was diagnosed with COVID-19 and his wife called to check whether his care would be covered, the newlyweds discovered a catch: The insurer said it wouldn’t pay upfront. And it would consider reimbursing the couple only after Gajdoš was released from the hospital. “I was really afraid that they ...

‘An Arm And A Leg’: Angst And Advice From A Health Insurance Insider

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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 After hearing the story of Anna Davis Abel’s fight with her insurance company over testing related to COVID-19, we heard from a listener who has worked for a health insurance company for decades. “I am shocked,” she wrote. In Davis Abel’s position, “I would be screaming from the rooftops.” She added: “I have listened to all the episodes in this podcast, and there are times I come away feeling bad for working for the insurance company.” We talked for Episode 6. In addition to angst, she had valuable insights and advice for anyone getting ready to call their insurance company with a tough question or two. “SEASON-19” of “An Arm and a Leg” is a co-production of Kaise...