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 …

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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 …

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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 …

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Florida CFO Says China Owes State Financial Restitution from COVID-19 Outbreak

Florida Chief Financial Officer (CFO) Jimmy Patronis has sent a demand letter to Chinese Ambassador to the United States Cui Tiankai demanding financial restitution from the Communist Party of China (CPC) for “significant harm to the State of Florida and …

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Wisconsin High Court Won’t Let Unions Join Suit Against Stay-at-Home Order

The Wisconsin Supreme Court on April 28 refused a request by several labor unions to help defend Democratic Gov. Tony Evers’ stay-at-home order from a Republican effort to overturn it. The order, which was issued by state Department of Health …

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New Orleans Won’t Participate in Louisiana’s Partial Business Openings, Yet

In much of Louisiana, restaurant owners are cautiously looking forward to opening some outdoor tables, and mall stores to beginning curbside service. But New Orleans won’t be participating in those slight relaxations of rules set up to slow the spread …

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Oklahoma Drilling Contractor to Pay $650K in Age, Disability Discrimination Suit

An Oklahoma-based oil and gas drilling contractor will pay $650,000 to settle a federal age and disability discrimination lawsuit. The U.S. Equal Employment Opportunity Commission (EEOC) said Horizontal Well Drillers LLC (HWD), based a Purcell, Okla.-based oil and gas drilling …

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Nationwide’s Left the Building. Insurer Makes Remote Work Permanent in 5 States.

Nationwide said it plans to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses and working-from-home in most other locations. The company said it will exit most buildings outside of four main campuses …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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, …

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Company Settles Texas Disability Accommodation Suit for $66K

Assisted Living Concepts LLC, doing business as Enlivant, a national owner and operator of senior living facilities, has settled a federal disability discrimination lawsuit related to a facility in Dallas, Texas. The company will pay a former chef $66,000 and …

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Program Management Specialist R&Q Receives Equity Investment of $100M

Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced it has received an equity investment of US$100 million, which is designed to help it capitalize on opportunities in its specialty business areas. R&Q said …

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Caffeine Bought Online Killed Ohio Teen. Is Amazon at Fault?

Logan Stiner was just days from high school graduation when his brother found him unresponsive in their family’s home southwest of Cleveland, Ohio, in May 2014. Stiner, 18, died of cardiac arrhythmia and seizure from acute caffeine toxicity, a coroner …

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2 Injured in Explosion at Western Iowa Gas Station, Auto Shop

Two men who were inside a western Iowa gas station and auto repair shop when it was leveled by an explosion are expected to recover from their injuries. Dan Grote, co-owner of Earling Standard Shop, received stitches for cuts and …

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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 …

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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 …

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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 …

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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 …

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$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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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. …

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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 …

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W. Va. Gov. Justice’s Coal Firms to Pay $1M in Fines, Penalties in Mine Contract Dispute

A federal judge in Kentucky has ordered companies owned by West Virginia Gov. Jim Justice to pay more than $1 million in fees and expenses in a lawsuit that accused them of defaulting on a mining contract. U.S. District Judge …

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Berkley Program Specialists Partners with Ohio’s IEPM

Berkley Program Specialists, a Berkley Company dedicated exclusively to program business, has entered into a partnership with Beachwood, Ohio-based International Excess Program Managers (IEPM), a division of One80 Intermediaries. IEPM has provided access to a full range of insurance products …

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Marsh JLT Specialty Expands Renewable Energy Team in UK, U.S., and Asia

Insurance broker Marsh announced key leadership appointments within Marsh JLT Specialty’s Renewable Energy team. Oliver Holme has joined Marsh in the newly created role of UK and U.S. Offshore Wind leader, reporting to Hamish Roberts, Power leader, and Amy Barnes, …

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Texas AG Accuses Largest Egg Producer in US of Price Gouging

Texas’ attorney general has accused the nation’s largest egg producer of price gouging during the coronavirus pandemic. A lawsuit filed by Republican Attorney General Ken Paxton alleges that Cal-Maine Foods raised generic eggs price by 300% even though the pandemic …

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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 …

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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, …

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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 …

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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 …

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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 …

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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, …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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$3M Claim in Washington Against Shipper for Damage to Marina and Boats

The Port of Kalama in Washington has filed a claim against the owners and operators of a container ship it believes is responsible for damaging the marina and boats when it passed by at an excessive speed earlier this month. …

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Washington State Officer Files $10M Claim in Wrongful Termination

A former sheriff’s department security officer in Washington state entered negotiations with county officials over a $10 million wrongful termination claim. Eric Salverda worked in the Yakima County Sheriff’s Office security department for 20 years before filing a claim against …

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Suit Filed Against Smithfield Over Working Conditions at Missouri Plant

A lawsuit filed on behalf of workers at a Smithfield Food plant in Missouri claims conditions at the plant are putting workers and the public at risk of contracting the coronavirus. The lawsuit, filed on April 23 by an advocacy …

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FBI Investigates Missouri Islamic Center Fire; Offers $5K Reward

The FBI is offering a $5,000 reward for information leading to the arrest of anyone connected to a fire that badly damaged an Islamic center in southeastern Missouri and that coincided with the start of a holy month for Muslims. …

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Chicago Transit to Pay $3M to Man Who Lost Leg After Being Hit by Bus

The Chicago Transit Authority will pay a $3 million settlement to a man whose leg had to be amputated after he was hit by a turning bus. The Chicago Sun-Times reports a Cook County judge approved the settlement Wednesday between …

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Supreme Court Backs Insurers Over $12 Billion in Obamacare ‘Risk Corridor’ Payments

The U.S. Supreme Court on Monday ruled in favor of health insurers seeking $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans. …

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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% …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Some of World’s Largest Companies Warn About Security of Zoom Conferencing App

Some of the world’s largest companies have advised against the use of Zoom Video Communications Inc.’s conferencing app, fueling a growing backlash against a service that shot to prominence during the Covid-19 pandemic. Daimler AG, Ericsson AB and NXP Semiconductors …

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K2 Insurance Agrees to Acquire Pioneer Underwriters’ Portfolio

Pioneer Underwriters, the managing general agency, and K2 Insurance Services LLC, the specialty insurance services holding company, announced they have signed terms for a portfolio transfer, to facilitate K2’s purchase of Pioneer. Under the transaction, Pioneer’s ongoing underwriting portfolio, together …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 & …

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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 …

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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 …

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More States Making Plans to Lift Coronavirus Restrictions

More states in the U.S. South and Midwest signaled readiness on Wednesday to reopen their economies in hopes the worst of the coronavirus pandemic had passed, but California’s governor held firm to sweeping stay-at-home orders and business closures. The patchwork …

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Earthquake Hits Croatia, a Month After Another Tremor Causes Damages of $6B

An earthquake rattled Croatia’s capital, a month after a stronger tremor left Zagreb in need of $6 billion for renovation, adding to a growing list of costs as the European Union battles the coronavirus. The 3.5-magnitude temblor on Thursday was …

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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 …

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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 …

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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 …

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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 …

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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, …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Wisconsin Real Estate Company to Pay $75K Fine in Iowa Asbestos Case

A Milwaukee, Wisconsin, real estate company will pay $75,000 to Iowa for violating several asbestos regulations at one of its former buildings in Newton, the Iowa Attorney General’s office announced. Phoenix Investors LLC, agreed to a consent order on April …

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Some Onsite Agent, Adjuster Licensing Exams Now Available in Texas

Texas insurance regulators say agents and adjusters can now take licensing exams at select sites in the state. The testing locations for Pearson VUE, the state’s testing contractor, had previously been closed do to the COVID-19 pandemic. The Texas Department …

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Chubb Reports Q1 Net Income Drop; Sees ‘Meaningful’ Coronavirus Impact Ahead

Chubb said that the coronavirus pandemic’s effects on its bottom line were relatively benign in the 2020 first quarter. But all bets are off for the months ahead. The global property/casualty insurer reported net income of $252 million, or $0.55 …

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PG&E’s Bankruptcy Plan Heads Toward Approval in California

California regulators are being advised to approve Pacific Gas & Electric’s plan to emerge from bankruptcy with new controls designed to prevent a recurrence of the utility’s past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high …

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Families Sue Helicopter Company in California in Kobe Bryant Crash

Family members of four passengers killed in a helicopter crash with Kobe Bryant and his daughter have joined the NBA star’s widow in filing wrongful death lawsuits against the companies that owned and operated the aircraft. The suits on behalf …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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TWFG Acquires Personal, Commercial Business of Texas’ Panoptic Insurance

TWFG Insurance Services LLC (TWFG) has acquired the personal and commercial insurance business of The Woodlands, Texas-based Panoptic Insurance. The acquisition is effective April 17, 2020. Panoptic Insurance,founded in 2008 by Arden Hetland, is a national independent insurance agency that …

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Iowa Beef Plant Reopens After 177 Workers Test Positive for Virus

An Iowa beef processing plant that was idled after a coronavirus outbreak resumed production Monday, one day after the state said 177 workers there have tested positive. The Iowa Premium plant in Tama, owned by National Beef, had suspended production …

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California Worker’s Comp Rating Bureau Submits Special Filing in Response to COVID-19

The Workers’ Compensation Insurance Rating Bureau of California has submitted a special regulatory filing to the California Insurance Commissioner with proposals to address the COVID-19 pandemic. The WCIRB governing committee last week voted unanimously on the special regulatory filing. The …

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North Dakota Insurance Commissioner: Online Producer License Testing Now Available

An online, remotely proctored testing application called ProProctor, offered by Prometric, the producer licensing testing and assessment provider for North Dakota, is now available in that state, according to North Dakota Insurance Commissioner Jon Godfread. Individuals who want to sell …

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Nuclear Plants Allowed to Extend Workers’ Hours, Delay Inspections

Nuclear power plants can now implement longer shifts for workers and delay some inspections, raising concerns that as the coronavirus pandemic upends basic operations the industry may be bending the rules too far. The Nuclear Regulatory Commission is already allowing …

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California Details Nursing Homes with COVID-19 Outbreaks

California has for the first time released details about nursing homes facing coronavirus outbreaks, with three facilities in Los Angeles among the hardest-hit, as the numbers of COVID-19 cases and deaths across the state continued to rise. The Department of …

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AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units

AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review. Key proposed changes to the operating model include the creation of a single global insurance Underwriting Function and …

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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 …

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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 …

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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 …

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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 …

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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 …

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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, …

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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 …

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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 …

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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, …

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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 …

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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 …

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UK Insurance Industry Leaders Form Steering Group to Propose Pandemic Response, Chaired by Catlin

UK Insurance industry leaders have combined to form a steering group, which will work with terrorism reinsurer Pool Re, with the primary objective to ensure that, working alongside the industry to support customers and communities in the current crisis, the …

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4 Tyson Foods Poultry Workers in Georgia Die of Coronavirus

Four employees of a major poultry producer’s operations in rural southwest Georgia have died after becoming infected with the coronavirus, a company spokesman said Friday. Tyson Foods spokesman Gary Mickelson said three of the employees worked at the company’s chicken …

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South Carolina: Hurricane Response Plan a ‘Good Question’ Amid Virus Outbreak

With hurricane season less than two months away, officials in South Carolina said they don’t yet have a good plan in place if a storm hits during the coronavirus outbreak, particularly for people potentially displaced from their homes in the …

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On the Front Lines: Georgia Insurance Commissioner Deployed by National Guard

Georgia Insurance Commissioner John F. King has been on the front lines during times of crisis for the United States for most of his career. A former Georgia police chief and current Major General in the U.S. Army National Guard, …

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States Easing Path to Workers’ Compensation Benefits for Coronavirus Workers

Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers’ compensation insurers. The governors of Kentucky, Arkansas, North Dakota and Florida and state regulators in Illinois, Washington, Michigan and …

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Missouri Lawsuit: Christian Ministries Aliera, Trinity Healthshare Pushed Deceptive Plans

A Christian health care sharing ministry sold “inherently unfair and deceptive health plans” to Missouri residents and failed to provide them with coverage, a class action lawsuit alleges. The federal lawsuit against Aliera Companies and Trinity Healthshare comes as millions …

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Supreme Court Sides with BP Unit to Curtail Montana Superfund Cleanup Suits

The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co. seeking a more extensive cleanup of a hazardous waste site than the …

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British Court Awards $11 Million to EY Whistleblower Who Exposed Money Laundering

A British court awarded $11 million in damages and expenses on Friday [April 17] to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates. Amjad …

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UK Insurers in Talks with Government About Creating Trade Credit Backstop

British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit by the coronavirus pandemic, an industry trade body said. States such as France, Germany and the Netherlands are giving guarantees …

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Oregon Nursing Home Reports 14 Virus Deaths, State Finds Violations

Workers at a Portland, Ore. nursing home that has reported 14 coronavirus deaths failed to wash their hands, didn’t use protective masks properly and weren’t trained on how to control the spread of infection, the state said Thursday. Healthcare at …

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Lawsuit Seeking Greater Protections for Washington Farmworkers

Advocates for farm workers in Washington state have filed a lawsuit against the state seeking safer working conditions as the harvest season begins amid a coronavirus pandemic. Thousands of workers are already pruning grapevines and fruit trees and getting ready …

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Layoffs, Small Business Exits Are Likely Major Coronavirus Effects on Workers’ Comp: NCCI

A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers’ compensation, a rise in business failures could pose a major challenge later. Unemployment claims for the …

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Next Up, Locusts? Maine Had Five Potential Disasters in a Week

A third of the state lost power because of a freak snowstorm and a powerful windstorm as residents were locked down because of the pandemic. Rivers swelled because of heavy rain. Then an explosion ripped through a paper mill. It …

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Massachusetts’ Miniter Group Hires Adams as VP of Operations and Tracking

Miniter Group has hired Kelly Adams as the vice president of Operations and Tracking. Adams will be responsible for the overall management of Miniter’s Borrower-Centric insurance tracking operations in this role. Before joining Miniter Group, Adams had 20 years of …

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Equifax to Pay $18M Over Data Breach Affecting Nearly Three Million Mass. Residents

One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal information of nearly three million Massachusetts residents, …

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Employers May Exclude Payroll to Employees Not Working for Workers’ Comp: NCCI

Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation of their workers’ compensation premium. The …

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Lloyd’s Gathers Business Interruption Data for UK Regulator

Lloyd’s of London is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority and is in discussions about a government backstop to cover future pandemics, it said in a letter seen by Reuters. It asked its members …

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Amazon Extends French Warehouse Closures on COVID-19 Safety Dispute with Workers

Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus outbreak, it said on Sunday. The Seattle-based e-commerce giant has been under scrutiny over its …

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Notre Dame Restoration Halted by Coronavirus

Notre Dame Cathedral stands crippled and alone, locked in a dangerous web of warped scaffolding one year after a cataclysmic fire gutted its interior, toppled its famous spire and horrified the world. Some of the 40,000 metal bars — erected …

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CyberCube Releases New Edition of Cyber Accumulation Model

CyberCube, the cyber analytics provider for the insurance industry, has released an updated version of Portfolio Manager, the cyber risk modeling platform. Portfolio Manager allows insurers to stress test re/insurance portfolios against a range of systemic cyber-related scenarios, including data …

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Pandemic Crisis Story: Moving 1000-Plus Employees in 7 Countries in Just 2 Weeks

Amit Tiwari, chief operating officer at Xceedance, the Boston-based insurance consulting, managed services, and insurtech company, explains the challenges of enabling business continuity plans in the face of a global pandemic and moving an international workforce of well over a …

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Mississippi Disaster Declaration Approved for Easter Storms

President Donald Trump has approved a disaster declaration for Mississippi for strong storms that struck the state on Sunday, April 12, including several tornadoes. The storms swept through several states from Texas to Maryland on Sunday and Monday, killing at …

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TDI Modernization Efforts Paying Off During Pandemic, Commissioner Says

The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on by …

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New E-Book, Online Guide Aims to Help Insurance Agencies Deal with Disruptions

Tony Caldwell, CEO of the Oklahoma-based agency network One Agents Alliance, has collaborated with two other insurance agency leaders and developers to create a, e-book and online resource guide to provide independent insurance agents across the country with steps and …

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Businesses Fear Lawsuits from Sick Employees, Patrons After Reopening

Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are eager to get back to work as the outbreak shows signs …

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White House Moves to Weaken EPA Rule on Toxic PFA Compounds in Consumer Products

The Trump White House has intervened to weaken one of the few public health protections pursued by its own administration, a rule to limit the use of a toxic industrial compound in consumer products, according to communications between the White …

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South Carolina Insurance Dept. Makes Staff Changes, Names New Deputy Directors

The South Carolina Department of Insurance will be implementing a variety of organizational changes that will become effective May 1, 2020. These changes include: Joe Cregan has been named chief deputy of Insurance Operations. In this role, Cregan will directly …

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Cowbell Cyber Adds Social Engineering Coverage, Opens Platform to Non-Insureds

Cowbell Cyber, a startup insurtech using artificial intelligence (AI)-powered cyber insurance for small to mid-sized businesses (SMBs), has added social engineering coverage to its Cowbell Prime 100 cyber insurance product. The update mitigates financial losses from phishing or fraudulent emails. …

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Coronavirus Confirmed on Offshore Oil Platforms in Gulf

The new coronavirus that causes COVID-19 has been confirmed in more than two dozen people working on oil platforms in the Gulf of Mexico, the Coast Guard said. While an offshore rig might seem like an unlikely place for the …

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Midwest Insurance Agency Alliance Adds Stallard as Agency Development Specialist

Midwest Insurance Agency Alliance Inc. (MIAA), based in Lincoln, Neb., has hired Sam Stallard as an agency development field specialist for Kansas and Missouri. Stallard will be directly responsible for agency development and consulting services of MIAA member agencies in …

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Tyson Foods: 2 Iowa Pork Plant Employees Dead After Virus Outbreak

Two employees have died following a coronavirus outbreak that has sickened scores of Tyson Foods workers at a large pork plant in southeastern Iowa, the company said. The deaths of the workers at Tyson plant in Columbus Junction are the …

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Louisiana Extending License Renewal Dates for Insurance Agents, Adjusters

The Louisiana Department of Insurance says a new emergency rule extends the renewal dates for licenses of insurance producers and adjusters who have been negatively impacted by the business closures brought on by the COVID-19 pandemic. Emergency Rule 44 applies …

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Hacking Attacks Against Corporations Double as Employees Work From Home

Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic work-from-home policies, researchers said. Corporate security teams have a harder time …

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4.2 Magnitude Aftershock Hits Utah

Some Utah residents felt the largest aftershock yet since the 5.7 magnitude quake hit in March, officials said. The University of Utah Seismograph Stations reports Tuesday night’s “light” earthquake of magnitude 4.2 was in the northwester Salt Lake Valley near …

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New Mexico Mom Suing Company for Overturned Bounce House That Trapped Children

A Santa Fe, N.M., woman is suing Meow Wolf after she says her children were injured when wind overturned the arts and entertainment company’s rented-bounce house. The Santa Fe New Mexican reports attorneys for Anita Vargas didn’t say in court …

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California Nursing Home Reports 154 Virus Cases, 8 Deaths

A Central California nursing home has 154 cases of the coronavirus and eight residents have died in one of the largest single outbreaks in the state, it was reported. The numbers reported by Redwood Springs Healthcare Center in Visalia, a …

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Unico in California Offering Covid-19 Suspended Operations Insurance

Calabasas, Calif.-based Unico American Corp. announced that in response to the forced closure of so many small businesses due to the Covid-19 situation in California, Unico’s general agency subsidiary, Unifax Insurance System Inc., is now offering a Suspended Operations insurance …

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Mass. Attorney General Calls on Division of Insurance to Lower Auto Premiums

Massachusetts Attorney General Maura Healey’s office has called on the Massachusetts Division of Insurance (DOI) to direct all auto insurance companies doing business in the state to lower premiums during the COVID-19 pandemic. In a letter sent Monday to Massachusetts …

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Insurers’ Pause of Dividends Likely Shows Caution, Rather Than Credit Risks: S&P

Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won’t have to worry about their credit quality, S&P Global Ratings said in a recent report. “Insurers’ decision to curb …

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Explosion Causes Significant Damage to Maine Paper Mill; No Injuries

An explosion at a paper mill in Maine shook the ground Wednesday and produced a plume of black smoke that was visible for miles around, but it appeared no one was injured. The blast rocked the Androscoggin Mill in Jay, …

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New York’s NYCM Insurance Announces Credit to Auto Policyholders

NYCM Insurance will be issuing a credit to its approximately 230,000 auto policyholders. All auto policyholders as of April 30, 2020, will receive a 15% credit back from their April and May premiums. Customers will not need to do anything …

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European Risk Mgmt Group FERMA Supports National Backstops for Future Pandemics

The Federation of European Risk Management Associations (FERMA) support the development of government backstops to increase financial resilience against future pandemic risks – similar to what already exists in many countries for terrorism and natural catastrophes. While many European businesses …

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Get Too Close, Get Buzzed. Ford Tests Wearables to Keep Workers at Safe Distances.

A dozen Ford Motor Co. workers are experimenting with wearable social-distancing devices that could be deployed more widely once the carmaker reopens idled manufacturing plants. The small group of volunteers at a Ford factory in Plymouth, Michigan, are trying out …

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New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch

At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions from the coronavirus outbreak, which may have unintended consequences. Fitch Ratings cautions that the move could pose risks to the …

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Amazon Shuts Warehouses in France over Worker Safety During COVID-19 Crisis

Amazon has no clarity yet on when its warehouses in France might reopen, the head of its French business said on Thursday, after the e-commerce giant clashed with unions over the measures taken to limit the risks of coronavirus contagion. …

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Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash

Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense scrutiny …

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Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO

Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses across the industry. The virus has forced closures across the entire economy and not just in a limited number of …

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South Carolina Lakeside Restaurants Sued for Over Serving by Family of Boat Crash Victims

Family members of a South Carolina boat crash victim are suing two restaurants accused of serving too much alcohol to the man charged with causing the crash. The lawsuits filed Tuesday allege that the restaurants on Lake Murray served suspect …

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FBI Says Foreign Government Hackers Target Coronavirus Treatment Research

A senior FBI cybersecurity official said on Thursday that foreign government hackers have broken into institutions conducting research into treatments for COVID-19, the sometimes fatal respiratory illness caused by the new coronavirus. Federal Bureau of Investigation Deputy Assistant Director Tonya …

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As Attacks Rise, Paladin Offers Cybersecurity Platform Free to Insurance Agencies

Paladin Cyber is offering independent agents and brokers throughout the U.S. free one-year enrollment in its Paladin Shield cybersecurity platform. The offer is in response to more employees working at home and a sharp rise in cyber attacks related to …

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Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Insurance Industry

Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,” Greenberg said in …

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Insurance Department: Auto Insurers to Return Over $187M to Louisiana Drivers

The Louisiana Department of Insurance says collectively auto insurers will return more than $187 million in premium to drivers in the state in the form of refunds and rebates on auto insurance policies. Insurance Commissioner Jim Donelon notes that auto …

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Washington Attorney General Sues Facebook Over Campaign Ads

Washington state is suing Facebook – again – for selling political ads without disclosing all necessary information about who’s behind them. Attorney General Bob Ferguson first sued Facebook over the issue in 2018, with the company agreeing to a $238,00 …

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PG&E’s Plan to Pay $19M from California Wildfire Victims Fund OK’d

The Northern California victims of catastrophic wildfires caused by Pacific Gas & Electric’s decaying electrical grid will have at least $19 million siphoned way from a $13.5 billion fund for their losses to cover administrative costs. A bankruptcy judge said …

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Fears of ‘Wild West’ as Unregulated COVID-19 Tests Hit the Market

Blood tests for the coronavirus could play a key role in deciding whether millions of Americans can safely return to work and school. But public health officials warn that the current “Wild West” of unregulated tests is creating confusion that …

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Progressive Gives $2M to Big ‘I’ Fund to Aid Agencies Affected by Coronavirus Crisis

Progressive Insurance has donated $2 million dollars to establish the Trusted Choice COVID-19 Relief Fund in response to the economic and operational challenges the coronavirus crisis has presented to independent agencies. The grant will be dispersed directly to independent agencies …

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Analysts See Auto Insurers’ Coronavirus Rebates As a Solid Short-Term Move

Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers issuing between $8 billion and $10.5 billion in customer …

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Utica National Provides Insurance Premium Payback to Personal Auto Customers

As a result of changing driving habits due to the COVID-19 pandemic, the member companies of the Utica National Insurance Group have announced that they will provide policyholders with a 15 percent payback of their personal auto insurance premiums for …

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Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet

A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction. U.S. …

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Harvard Professor Drops ‘Clickbait’ Lawsuit After NYT Alters Story

A Harvard University law professor dropped his defamation lawsuit against The New York Times on Monday after the newspaper changed the headline and first paragraph in a story relating to his views about donations from financier Jeffrey Epstein. In the …

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AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool

AIR Worldwide has launched a free COVID-19 catastrophe modeling tool, one that predicts cases and offers death projections for the weeks ahead. The company said its COVID-19 Projection Tool, designed with AIR’s pandemic modeling data, will provide COVID-19 case and …

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Alera Group Acquires Maryland’s Georgetown Insurance Service

Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Georgetown Insurance Service Inc., effective March 1, 2020. The Georgetown Insurance team will continue serving clients in their current roles following the acquisition. …

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Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million

Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145 million. Breaking down the total, Arch said COVID-19 claims across its property casualty insurance and reinsurance segments ranged from $85 …

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New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan

New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from President Donald Trump to move more rapidly, state government sources told Reuters …

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UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods

Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a government watchdog, Bank of England Deputy Governor Sam Woods said on Wednesday. The BoE has allowed banks to tap 23 …

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Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms

A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor countries in a pandemic, was just a stay of execution if bond markets are to be believed. The riskier $95 …

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Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan

Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley last September to lead the London market and …

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Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.

Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a market update about its business …

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Howden Broking Group Buys Greece’s Matrix Insurance & Reinsurance Brokers

Howden Broking Group, the London-based independent specialty broker, announced it has acquired Matrix Insurance and Reinsurance Brokers in Greece. Financial details of the deal were not disclosed. Founded in 2003 and headquartered in Athens, independent broker Matrix became a broker …

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