April 9, 2020

Thu, 09 Apr 2020 09:04:50 +0000
Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan and reports to Anthony Stevens, pres...
Thu, 09 Apr 2020 08:32:53 +0000
Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth cohort of the Lloyd’s Lab, which starts …
Thu, 09 Apr 2020 07:56:00 +0000
China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector. …
Thu, 09 Apr 2020 07:39:50 +0000
Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic. Its members, which make...
Thu, 09 Apr 2020 07:12:56 +0000
The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a letter to the holding’s share...
Thu, 09 Apr 2020 05:00:43 +0000
More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive Insurance announced it is providin...
Thu, 09 Apr 2020 05:00:42 +0000
Zoom Video Communications Inc. was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. S...
Thu, 09 Apr 2020 05:00:16 +0000
The Liberty Company Insurance Brokers has added Jacob Kiley to its San Jose, Calif., office. Kiley specializes in contractor, hospitality, technology and non-profit accounts. Kiley has been with One Risk Group LLC for the past seven years. The Liberty ...
Wed, 08 Apr 2020 18:27:22 +0000
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee has decided not to submit a July 1, 2020 rate. The committee met this week to review the WCIRB actuarial committee’s analysis of Dec. 31, 2019 California workers’ com...
Wed, 08 Apr 2020 16:59:48 +0000
A south Georgia pharmacy that gave out 350,000 illegal prescriptions from a doctor running a pill mill agreed to pay over $2 million in fines, authorities said. Chip’s Discount Drugs and pharmacist, Rogers “Chip” Wood, Jr., settled on a federal …
Wed, 08 Apr 2020 16:58:01 +0000
Nine people have now died in a coronavirus outbreak at a Tennessee nursing home that saw more than 100 people test positive. Sumner Regional Medical Center spokesman Kyle Brogdon on Tuesday confirmed the new total of fatalities from the Gallatin …
Wed, 08 Apr 2020 16:52:16 +0000
Acceptance Insurance has committed to helping its team members and customers during the COVID-19 pandemic through continued pay, home goods donations and safe working conditions, according to a statement from the company. Acceptance Insurance is staffi...
Wed, 08 Apr 2020 16:51:32 +0000
As mayors, nurses and doctors across South Dakota urged Gov. Kristi Noem to take action to restrict daily activity, the Republican governor on April 6 dialed up the pressure on businesses and people to curb the spread of the coronavirus, …
Wed, 08 Apr 2020 16:47:53 +0000
Arkansas’ largest city is banning vehicle caravans during the coronavirus outbreak after a large crowd of vehicles gathered over the weekend. Little Rock Mayor Frank Scott announced the executive order on April 6 in response to large crowds that gather...
Wed, 08 Apr 2020 16:38:26 +0000
A statistical model cited by the White House generated a slightly less grim figure Monday for a first wave of deaths from the coronavirus pandemic in the U.S. – a projection designed to help officials plan for the worst, including …
Wed, 08 Apr 2020 16:32:55 +0000
The Louisiana Department of Insurance has approved the filing by Bluefire Insurance to reduce its auto insurance rates in Louisiana, the company said, The 2.3% statewide rate reduction is effective March 25 Bluefire Insurance describes itself as a mana...
Wed, 08 Apr 2020 16:30:25 +0000
Great American Insurance Group, headquartered in Cincinnati, Ohio, has promoted Kenneth (Ken) R. Bearley to divisional executive vice president within its Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pit...
Wed, 08 Apr 2020 16:25:46 +0000
Federal officials have cited three employers for workplace safety hazards after a worker suffered injuries at Northwestern University’s campus in Evanston, Ill. Northwestern University, Hill Mechanical Corp. and National Heat & Power Corp. collectively...
Wed, 08 Apr 2020 16:22:59 +0000
The former owner of a chain of Oklahoma convenience stores will pay $160,000 to nine alleged victims of disability discrimination to resolve a federal lawsuit. According to the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), B...
Wed, 08 Apr 2020 15:57:47 +0000
Millions of Americans are currently subject to shelter-in-place or stay-at-home orders as efforts to slow the spread of the current strain of coronavirus expand, thus requiring employees across all industries to shift to performing their jobs remotely....
Wed, 08 Apr 2020 15:05:12 +0000
Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston suburb of …
Wed, 08 Apr 2020 14:33:09 +0000
The Federal Emergency Management Agency says Oregon will receive federal help for flooding and storms that happened in February in the northeastern section of the state. Federal disaster assistance will supplement state, tribal and local recovery effor...
Wed, 08 Apr 2020 14:27:38 +0000
Lawyers who negotiated a crucial $13.5 billion deal for the victims of deadly wildfires caused by Pacific Gas & Electric equipment are expressing serious doubts about whether the nation’s largest utility will be able to pay the full amount as …
Wed, 08 Apr 2020 14:24:39 +0000
California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many in the state. U.S. companies that d...
Wed, 08 Apr 2020 13:49:19 +0000
Officials in Virginia are warning of possible scams related to the coronavirus epidemic. And they’re particularly worried about the $1,200 checks that many Americans will receive from the federal government in the coming weeks and months. The warning c...
Wed, 08 Apr 2020 12:51:52 +0000
Allstate is returning savings resulting from shelter-in-place orders back to consumers. This comes as the company cited an unprecedented decline in driving due to shelter-in-place orders, which translates into fewer accidents. Nationally, the company p...
Wed, 08 Apr 2020 12:41:28 +0000
A fast-moving fire destroyed at least two eateries and left several people homeless in a northern New Jersey community, authorities said. The fire in downtown Ridgewood was reported around 9:30 p.m. Sunday. It started in a building housing a bagel …
Wed, 08 Apr 2020 11:49:28 +0000
Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis. In addition, it is canceling a scheduled dividend and will not conduct any share buybacks. “In view of the uncertain …
Wed, 08 Apr 2020 11:12:04 +0000
Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather risks uninsurable, according ...
Wed, 08 Apr 2020 09:12:27 +0000
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the coronavirus. Aviva, …