Thu, 16 Jul 2020 15:05:03 +0000
A large number of Americans working from home due to the coronavirus pandemic aren’t worried about cyber attacks even though they’re at greater risk compared to working in the office, Chubb found in a new survey. Some are even using …
Thu, 16 Jul 2020 14:56:33 +0000
A settlement has been announced between Libre by Nexus Inc. in which it will cease transacting immigration bonds in the California, phase out the use of GPS ankle monitors, and issue credits to clients still in arrears with Libre. Additionally, …
Thu, 16 Jul 2020 14:01:15 +0000
AHT Insurance has acquired Mason & Mason Insurance. Mason’s offices in Whitman, Mass., located near Boston, and North Conway, N.H., will become AHT’s eighth and ninth locations nationally. Mason’s staff of insurance professionals will join forces with ...
Thu, 16 Jul 2020 13:28:09 +0000
Frederick Mutual, a Frederick, Md.-based insurance company, has promoted Paul Stenbjorn to chief information officer. Stenbjorn has been a technology management professional for more than 25 years. He has previously held senior positions, including chi...
Thu, 16 Jul 2020 13:26:10 +0000
A Pennsylvania man who pleaded guilty to charges that he firebombed a child welfare office during a custody dispute has been sentenced to 10 years in federal prison. Philip Finn Jr., of Plains, was sentenced after pleading guilty in October …
Thu, 16 Jul 2020 13:20:33 +0000
A New York State Department of Health (NYSDOH) report says the coronavirus outbreak that has afflicted nursing homes throughout the state may have resulted from staff and visitors unknowingly infecting residents early in the pandemic. “Unfortunately, w...
Thu, 16 Jul 2020 13:16:43 +0000
Google’s YouTube and other online platforms are not liable when users illegally upload copyrighted works onto their platforms, but rightholders can ask for injunctions against the companies, a European Union Court of Justice adviser said on Thursday. E...
Thu, 16 Jul 2020 12:50:09 +0000
The Houston Rockets and billionaire owner Tilman Fertitta are suing their insurer for denying the National Basketball Association team’s bid to tap its business-interruption insurance policy over revenue losses from the Covid-19 pandemic. Fertitta’s Ro...
Thu, 16 Jul 2020 12:36:50 +0000
Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%, according to a report published by Allianz Global Corporate & Specialty (AGCS). However, the report warned that the coronavirus c...
Thu, 16 Jul 2020 12:32:13 +0000
The extraordinary hacking spree that hit Twitter on Wednesday, leading it to briefly muzzle some of its most widely followed accounts, is drawing questions about the platform’s security and resilience in the run-up to the U.S. presidential election. Tw...
Thu, 16 Jul 2020 11:58:47 +0000
LUXEMBOURG – Europe’s highest court ruled on Thursday that a transatlantic data transfer deal is invalid because of concerns about U.S. surveillance in a decision that could disrupt thousands of companies that rely on the agreement. The ruling, which c...
Thu, 16 Jul 2020 11:42:58 +0000
Reinsurance broker Guy Carpenter & Co. announced the launch of Hybrid Solutions UK, a division of GC Fac, and the appointment of Laurence Upton, formerly with Willis Towers Watson in London, to lead the new operation. The Hybrid Solutions UK …
Thu, 16 Jul 2020 09:15:26 +0000
Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung newspaper. Mumenthaler is the latest business figure...
Thu, 16 Jul 2020 08:50:11 +0000
A Florida judge has recommended the Florida Supreme Court deny the motion to dissolve the suspension of a Florida attorney who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida property insurers over …
Thu, 16 Jul 2020 07:12:18 +0000
South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance industry. The regulator is in talks with the country’s Financial Sector Conduct Authority and insu...
Thu, 16 Jul 2020 06:53:11 +0000
Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report. The report, which also looks at changes in reinsurance demand levels, hot-button reinsurance wording them...
Thu, 16 Jul 2020 06:16:52 +0000
North Carolina’s highest court has temporarily blocked a judge’s ruling that allowed dozens of North Carolina’s bowling alleys to reopen by overturning a portion of Gov. Roy Cooper’s COVID-19 executive order keeping them closed. On Tuesday, the state S...
Thu, 16 Jul 2020 05:39:41 +0000
Typically each spring, a crop of fresh college graduates enters the workforce, making the critical first steps to determine personal and professional paths. Today, the job landscape differs greatly from what it was even a year ago, and not just …
Thu, 16 Jul 2020 05:28:31 +0000
The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the insurance broker merger and acquisition (M&A) market has remained active even as the pandemic continues to unfold. Befo...
Thu, 16 Jul 2020 05:00:38 +0000
A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed would “lead to a flood of trivial suits.” Judge …
Thu, 16 Jul 2020 05:00:25 +0000
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for newbies. Capital is coming into the in...
Thu, 16 Jul 2020 05:00:12 +0000
Coastal communities in the U.S. continued to see record-setting high-tide flooding last year, forcing their residents and visitors to deal with flooded shorelines, streets and basements — a trend that is expected to continue into 2021. The elevated w...
Thu, 16 Jul 2020 05:00:10 +0000
San Francisco, Calif.-based Coalition has named Marcin Weryk head of business development. Weryk will support growth by driving the company’s distribution strategy. Weryk has more than 15 years of insurance industry experience. He was most recently vic...
Wed, 15 Jul 2020 22:01:26 +0000
CIA-Leavitt Insurance Agency has acquired Goetz Insurors in Fort Morgan, Colo. Terms of the deal were not disclosed. Goetz Insurors provides insurance to north eastern Colorado and offers an equine insurance program through the U.S. CIA-Leavitt Insuran...
Wed, 15 Jul 2020 19:56:31 +0000
Arthur J. Gallagher & Co. has acquired Los Angeles, Calif.-based Boldt Risk Management Solutions. Terms of the deal were not disclosed. The BRMS team will join with Gallagher’s Glendale and Irvine offices, under the direction of Melissa Cerny, area pre...
Wed, 15 Jul 2020 17:48:50 +0000
Washington Insurance Commissioner Mike Kreidler reached out to insurance company CEOs in a letter and urged them to stand behind their recent pledges to end discrimination and racial inequities by supporting his proposal to ban the unfair practice of u...
Wed, 15 Jul 2020 16:55:34 +0000
West Virginia Gov. Jim Justice moved Monday to close bars in the state’s largest college town and reimpose restrictions on large gatherings as coronavirus cases rise to record levels. Justice, a Republican, ordered bars in Monongalia County to close at …
Wed, 15 Jul 2020 16:47:02 +0000
Three workers have been injured at a West Virginia chemical plant, officials said. The incident happened Sunday evening at the Westlake Chemical plant, which produces chlorine, news outlets reported. Details of what happened at the Marshall County faci...
Wed, 15 Jul 2020 16:33:06 +0000
Job loss stemming from the coronavirus stripped health insurance from an estimated 659,000 Texans between February and May, according to a new study. The analysis, published on July 14 by Families USA, a nonpartisan consumer advocacy group, found that ...
Wed, 15 Jul 2020 16:25:30 +0000
Veterans who passed any Texas insurance exam since early 2019 can now get reimbursed for the fee after the U.S. Department of Veteran Affairs approved the state’s request, the insurance department said. Veterans may seek reimbursement of exam fees going …