June 3, 2020

Wed, 03 Jun 2020 09:05:45 +0000
French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic. AXA added that it could consider …
Wed, 03 Jun 2020 08:21:59 +0000
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-...
Wed, 03 Jun 2020 07:08:28 +0000
From the threat of insurer ratings downgrades to mounting carrier losses because of excessive litigation to increasing insurance rates, Florida’s insurance market got off to a rocky start in 2020. Then came the COVID-19 global pandemic, causing further...
Wed, 03 Jun 2020 05:15:35 +0000
QBE North America has appointed Thaddeus Woosley as senior vice president, Broker Management & Sales Operations. He is based in Chicago. Woosley most recently served as vice president, strategic advisor, Specialty & Commercial, at QBE North America. He...
Wed, 03 Jun 2020 05:08:04 +0000
How is the coronavirus pandemic affecting your life and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers …
Wed, 03 Jun 2020 05:03:17 +0000
Kansas officials will pay $3.5 million to the family of a man who was killed in 2017 with a homemade beanbag round fired by a Barber County undersheriff at close range. An attorney for the family said in a written …
Wed, 03 Jun 2020 05:00:54 +0000
Rioting that erupted in cities across the country after peaceful protests mourning the death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder for insurers in United States history. The …
Wed, 03 Jun 2020 05:00:50 +0000
Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American International Group. The transaction...
Wed, 03 Jun 2020 05:00:48 +0000
A federal judge has dismissed a lawsuit in which two former University of Maryland men’s basketball players accused makers of the “Fortnite” video game of misappropriating a dance move that the ex-teammates popularized. U.S. District Judge Paul Grimm i...
Wed, 03 Jun 2020 05:00:19 +0000
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in “private” mode. The lawsuit seeks at …
Wed, 03 Jun 2020 00:17:51 +0000
Wrapping up a regular session shortened by the coronavirus pandemic, Louisiana’s Legislature gave the state’s business lobby a long-desired goal and one that Republicans made their signature push for the session: passage of a bill to change the rules f...
Tue, 02 Jun 2020 16:59:47 +0000
Mississippi has established a website where owners of small businesses can soon start applying for grants funded by a federal coronavirus pandemic relief package, Gov. Tate Reeves said Friday. The site – backtobusinessms.org – has rules for the program...
Tue, 02 Jun 2020 16:58:08 +0000
AXA XL’s North America Construction insurance business is launching the Construction Ecosystem, an integrated digital platform, employing construction technologies to monitor and aggregate data that provides AXA XL’s contractor clients with insights an...
Tue, 02 Jun 2020 16:41:36 +0000
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has issued a mandatory data call for certain information related to COVID-19 injuries reported to selected insurance carriers on or after Dec. 1, 2019. The Workers’ Compensation...
Tue, 02 Jun 2020 16:34:34 +0000
An Oklahoma-based internet retailer will pay $55,000 to settle a disability discrimination lawsuit, federal officials say. In its lawsuit, the U.S. Equal Employment Opportunity Commission (EEOC) said Black Forest Décor LLC, based in Jenks, Oklahoma, u...
Tue, 02 Jun 2020 16:27:43 +0000
Baldwin Krystyn Sherman Partners LLC (BKS-Partners), the middle-market subsidiary of Tampa, Florida-based insurance distribution firm, BRP Group, has acquired substantially all assets of Rosenthal Bros. Inc. (Rosenthal Brothers), a Chicago-based provid...
Tue, 02 Jun 2020 16:15:03 +0000
Auto insurers in Michigan have been ordered to issue refunds or premium waivers to policyholders due to reduced driving and resulting decrease in risk to insurers brought on by the stay at home orders related to the COVID-19 pandemic. In …
Tue, 02 Jun 2020 16:07:29 +0000
Four of the country’s biggest publishers have sued a digital library for copyright infringement, alleging that the Internet Archive has illegally offered more than a million scanned works to the public, including such favorites as Toni Morrison’s “Song...
Tue, 02 Jun 2020 15:14:06 +0000
Poms & Associates has named Jennifer M. Schirtz vice president of insurance placement. Schirtz is responsible for managing relationships with insurance carriers. Schirtz joins Poms & Associates from HUB International Insurance Services Inc., where she ...
Tue, 02 Jun 2020 14:46:30 +0000
A Nevada-based property management company that issued eviction notices to tenants in Tacoma during the coronavirus pandemic has agreed to pay nearly $350,000 to resolve a lawsuit filed by Washington state Attorney General Bob Ferguson. The money inclu...
Tue, 02 Jun 2020 14:40:33 +0000
Donald W. Grant served as the chair of the board of directors for the Surplus Line Association of California, was involved in the wholesale brokerage community and founded a managing general agency. Grant died on May 24. Former SLA board …
Tue, 02 Jun 2020 14:35:29 +0000
Faced with a common peril, people delay making decisions that might save lives, fail to alert each other to danger and spread misinformation. Those may sound like behaviors associated with the current pandemic, but they actually surfaced in experiments...
Tue, 02 Jun 2020 14:30:01 +0000
QBE North America has promoted Steve Gransbury to head of Specialty Insurance, a new group of existing QBE businesses, and promoted Tara Krauss to head of Accident & Health. The Specialty Insurance unit Gransbury now leads consists of QBE’s Accident …
Tue, 02 Jun 2020 14:05:00 +0000
Another 24,500 individuals have filed initial claims for unemployment benefits last week – more than double the number of claims the previous week, the Maine Department of Labor said Thursday. The large number of claims is suspicious, coming off a …
Tue, 02 Jun 2020 13:55:05 +0000
SUITELIFE Underwriting Managers, a managing general underwriter for full-service hotels, premier hotels, boutique hotels, condo-hotels, resorts and hotel management companies, has hired Zach Gentile as an underwriter. SUITELIFE is a Series of RSG Under...
Tue, 02 Jun 2020 13:44:57 +0000
Four states have passed laws that grant businesses immunity from civil liability for claims relating to COVID-19, while legislation in at least three other states is advancing. The bills signed into law by the governors of North Carolina, Oklahoma, Utah …
Tue, 02 Jun 2020 13:08:43 +0000
Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a COVID-driven change in social inflation trends. “I have had...
Tue, 02 Jun 2020 12:41:12 +0000
How is the coronavirus pandemic affecting you and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers by …
Tue, 02 Jun 2020 12:22:05 +0000
International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across the UK. The addition of the Marine Trades product complements the company’s existing Ports & Termin...
Tue, 02 Jun 2020 12:05:42 +0000
Significant investments in direct-to-consumer website and mobile design have helped property/casualty insurance companies improve their digital service and shopping experiences. Consultants at J.D. Power say insurers have made across-the-board improvem...