August 3, 2020

Mon, 03 Aug 2020 09:55:07 +0000
Bicycle insurance is not a popular product in the UK – but that could be about to change, said GlobalData, the London-based platform that provides data analytics and expert analysis about global industries. Less than 1% of UK consumers have …
Mon, 03 Aug 2020 08:55:06 +0000
Hiscox, the global specialist insurer, announced that Mike Krefta has decided to return to the UK in early 2021, having completed almost four years as CEO of Hiscox Re & ILS based in Bermuda. After 17 years with Hiscox, Krefta …
Mon, 03 Aug 2020 08:43:59 +0000
Hefty payouts for sports events and holidays canceled due to the coronovirus crisis helped send insurer Hiscox deep into the red on Monday and pummeled its shares to their lowest in more than two months. The company, which operates on …
Mon, 03 Aug 2020 07:46:19 +0000
AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told Reuters. With 25 companies testing their v...
Mon, 03 Aug 2020 07:34:42 +0000
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Kapil Palathinkal as head of First Party Lines, Middle East, and Carlos Beltran as head of First Party Lines, Asia, overseeing General Property, Energy and Construction. Pala...
Mon, 03 Aug 2020 07:14:10 +0000
Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The product is available to organizations of ...
Mon, 03 Aug 2020 06:48:23 +0000
North Carolina Gov. Roy Cooper declared a state of emergency on Friday to help prepare for Hurricane Isaias, which he said will bring atypical challenges given the longstanding COVID-19 crisis. The emergency declaration, running concurrently with the o...
Mon, 03 Aug 2020 06:44:03 +0000
The NAACP and the American Civil Liberties Union of Kentucky have filed a lawsuit alleging use of force and intimidation by Louisville police against protesters. The lawsuit alleges use of tear gas, pepper balls and batons against protesters as well …
Mon, 03 Aug 2020 06:21:41 +0000
Two new lawsuits allege that the Diocese of Kansas City-St. Joseph in Missouri covered up abuse by two priests who were known to be sexual predators. The lawsuits, one filed on July 28 and the other on July 20, were …
Mon, 03 Aug 2020 05:29:05 +0000
Texas law requires an insurer to defend the grandparents of a 10-year-old boy who was killed while driving their all-terrain vehicle against a negligence lawsuit, even though the carrier says neither the boy nor the crash was covered by its …
Mon, 03 Aug 2020 05:26:37 +0000
On average, home and auto insurance premiums in Ohio remain among the lowest in the country, the insurance department says. The Ohio Department of Insurance reported that a recent analysis shows the average homeowners insurance policy costs Ohioans $86...
Mon, 03 Aug 2020 05:05:29 +0000
Flint residents whose health and homes were harmed by lead-contaminated water scored a legal milestone on July 29 when the Michigan Supreme Court said they could proceed with a lawsuit against public officials for the disastrous decisions that caused t...
Mon, 03 Aug 2020 05:00:57 +0000
Volkswagen AG’s wholly owned U.S. subsidiary on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek financial penalties over excess diesel emissions that might cost the German automaker billio...
Mon, 03 Aug 2020 05:00:54 +0000
The U.S. Chemical Safety Board, which has only one board member instead of the usual five, on Friday postponed a scheduled public meeting that was to include discussion of its plans to operate even as President Donald Trump pushes to …
Mon, 03 Aug 2020 05:00:14 +0000
When insurance coverage lawsuits brought by businesses seeking coverage for COVID-related interruptions surpassed the 700 mark last week, the natural question to ask was: Is that a lot? That’s exactly the question that Chris Cheatham, CEO and co-founde...
Mon, 03 Aug 2020 01:12:24 +0000
Aug. 2, 8:55 pm— The Florida coast looked set to avoid major damage late on Sunday with Tropical Storm Isaias keeping offshore as it rumbles north, although it could strengthen to a hurricane by the time it reaches the Carolinas …
Fri, 31 Jul 2020 16:58:36 +0000
Heavy rains from Hurricane Isaias could hit Florida late Friday night before the owerful storm moves up the east coast into early next week, the U.S. National Hurricane Center (NHC) said in its latest advisory. The hurricane, packing maximum sustained …
Fri, 31 Jul 2020 15:43:40 +0000
Fire restrictions within some state land are being lifted because of recent monsoon rain across the northern and southern sections of Arizona. Officials with the Arizona Department of Forestry and Fire Management said restrictions will be lifted by Fri...
Fri, 31 Jul 2020 14:30:53 +0000
The Hartford emerged from the second quarter’s COVID-19 related challenges with an overall profit and a plan to reduce expenses through “headcount reductions,” information technology investments and other moves. The insurer is calling its expense reduc...
Fri, 31 Jul 2020 14:16:28 +0000
A natural gas pipeline erupted in flames near Houston after it was accidentally cut Wednesday afternoon by a contractor, officials said. The accident happened about 4:45 p.m. in the town of Mont Belvieu, about 30 miles east of Houston. No …
Fri, 31 Jul 2020 14:11:32 +0000
Hawaii Gov. David Ige said he wants to reimpose some limits on gatherings and bars to control the spread of the coronavirus as the state reported a record 109 new cases of the disease. The governor said he agrees with …
Fri, 31 Jul 2020 14:09:29 +0000
A magnitude 4.2 earthquake shook the Los Angeles region before dawn Thursday the U.S. Geological Survey confirmed, but no significant damage was reported. The 4:29 a.m. jolt was centered in the northern San Fernando Valley and occurred at a depth …
Fri, 31 Jul 2020 13:39:02 +0000
Shareholders in Italian cooperative insurer Cattolica Assicurazioni approved its conversion into a joint-stock company on Friday, paving the way to a tie-up with Generali to boost its capital position. Generali last month agreed to buy 24.4% of Cattoli...
Fri, 31 Jul 2020 13:33:20 +0000
They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized loan obligations — which package and sell leveraged loans into chunks of varying risk and return — promise safety ...
Fri, 31 Jul 2020 11:55:26 +0000
Chinese government-linked hackers targeted biotech company Moderna Inc., a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese hacking. China on Friday rejected the...
Fri, 31 Jul 2020 11:04:12 +0000
PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the company into bankruptcy and left it paying $25.5 billion for claims. It’s hoping customers will foot the bill. The San …
Fri, 31 Jul 2020 09:48:32 +0000
The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by a commitment to achieve parity between men and women over the next decade. These measures mark the fulfilment of Lloyd’s …
Fri, 31 Jul 2020 08:17:38 +0000
Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring the sector’s momentum and resilience even with the coronavirus pandemic, Aon Securities said in a new report. Aon traced a …
Fri, 31 Jul 2020 07:51:41 +0000
Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has ushered in decade-low interest rates and weighed on sales. Analysts predict declines in underlying earnings per sh...
Fri, 31 Jul 2020 07:38:45 +0000
Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North Korea in a sign that it was tackling cyber warfare head on. As part of the measures, the six individuals …