February 28, 2020
New England Insurance Group
Fri, 28 Feb 2020 07:59:25 +0000
The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for poor countries …
Fri, 28 Feb 2020 07:30:08 +0000
TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and Retro teams in Bermuda. Conway will rep...
Fri, 28 Feb 2020 06:00:41 +0000
A father and son from California have been charged with felony counts of auto insurance fraud after allegedly falsifying an insurance claim in order to receive an undeserved payout from an insurance company. The charges were filed this week against …
Fri, 28 Feb 2020 06:00:31 +0000
An Arizona court ruling stemming from a sheriff’s deputy’s encounter with a shotgun-wielding man says law enforcement officers can claim workers’ compensation benefits if diagnosed with PTSD or other mental conditions because of extraordinary high stre...
Fri, 28 Feb 2020 06:00:10 +0000
A former senior associate athletics director at Arizona State has filed a $1.5 million claim against the university over his firing last December. David Cohen said in his claim – which is the precursor to a lawsuit – that an …
Fri, 28 Feb 2020 05:41:59 +0000
Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added two new independent insurance agencies to its Florida network. The new agencies include Bruening Insurance Agency of Weston, Fla., and The Haga...
Fri, 28 Feb 2020 05:24:48 +0000
Georgia’s governor and agriculture commissioner on Wednesday announced that $347 million in federal disaster relief funding would soon be available to farmers, nearly a year and a half after Hurricane Michael caused billions of dollars in damage to sou...
Fri, 28 Feb 2020 01:44:33 +0000
Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers announced they have formed a joint venture called ...
Thu, 27 Feb 2020 21:00:18 +0000
The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key questions may include: What insurance...
Thu, 27 Feb 2020 18:30:01 +0000
American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role, Hancock will lead the International operations of AIG’s General Insurance business. He will report t...
Thu, 27 Feb 2020 17:58:48 +0000
Officials for a salvage company suing to halt demolition of an overturned cargo ship on the Georgia coast appeared to back away Tuesday from claims that sawing the vessel into enormous chunks would cause an “environmental catastrophe.” Officials from t...
Thu, 27 Feb 2020 17:45:00 +0000
This winter’s relentless rains across the South are still draining into rising rivers, leading to ongoing flooding in some communities. In south Alabama, the Bayou Sara is forecast to crest at 8 feet (2.4 meters) by Wednesday evening and remain …
Thu, 27 Feb 2020 17:44:31 +0000
Following Hurricane Harvey in late August 2017, the Federal Emergency Management Agency issued three-year group flood insurance policies (GFIPs) to nearly 7,000 households in Texas that were impacted by the storm. FEMA says those policyholders need to ...
Thu, 27 Feb 2020 17:19:47 +0000
New regulations, insurer pressure and growing consumer alarm about online security will force agents to act this year to protect their data from unfettered use by third-party vendors. The NAIC Insurance Data Security Model Law has already been adopted ...
Thu, 27 Feb 2020 17:18:33 +0000
Investigators worked to learn what caused a massive fire that wiped out part of downtown Alexandria in western Minnesota. More than 100 firefighters battled a blaze on Feb. 25 that destroyed RM Tattoo, Raapers Eatery & Ale, Charlie’s Bazaar and …
Thu, 27 Feb 2020 16:57:30 +0000
Tarrytown, N.Y-based employment services firm The IMA Group (IMA) has acquired PsyBar, a specialty provider of behavioral health, independent medical exams and other employment-related services nationally. Edina, Minn.-based PsyBar’s specialists includ...
Thu, 27 Feb 2020 16:44:54 +0000
Auto and home insurer Windhaven Insurance has alerted its agents and employees in Florida that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and The Hearth Group, and that its a...
Thu, 27 Feb 2020 14:49:03 +0000
A $13.5 billion settlement between victims of California’s catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from the devastation. Instead, the deal has sparked confusion, r...
Thu, 27 Feb 2020 14:23:54 +0000
California Attorney General Xavier Becerra on Tuesday sent a letter to four top U.S. lawmakers urging them not to pre-empt the state’s new privacy law with a watered down federal legislation. The California Consumer Privacy Act (CCPA), effective since ...
Thu, 27 Feb 2020 14:13:43 +0000
Argo Group International Holdings, already reeling from a tough 2019 fourth quarter and year, now must deal with downgraded credit ratings from AM Best. The Bermuda-based specialty insurer and reinsurer had its long-term issuer credit ratings downgrade...
Thu, 27 Feb 2020 14:12:45 +0000
The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp. cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement pl...
Thu, 27 Feb 2020 13:47:20 +0000
BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week curriculum. BrokerTech Ventures offers the cohor...
Thu, 27 Feb 2020 12:30:57 +0000
HDI Group, the Hannover, Germany-based subsidiary of Talanx Group, has taken a stake in the cyber-security start-up Enginsight in Jena, Germany. Financial details of the transaction were not disclosed. Enginsight offers companies fully automated protec...
Thu, 27 Feb 2020 11:46:25 +0000
Britain will likely secure only temporary access to the European Union financial market under a broader trade deal in which finance may take a back seat to sectors such as fishing, financial industry officials said on Wednesday. Britain and the …
Thu, 27 Feb 2020 11:32:03 +0000
QBE has appointed Stephen Postlewhite as managing director, QBE Re. He will start the new role from April 1, taking over from Jonathan Parry, who will retire in 2021. With more than 20 years’ experience in the industry, Postlewhite joined …
Thu, 27 Feb 2020 11:00:47 +0000
Greene & Associates, an East Aurora, N.Y.-based underwriting manager and wholesaler broker, recently announced the addition of Seth Fischer to its production team. Fischer brings 25 years of specialty underwriting, marketing, product development, portf...
Thu, 27 Feb 2020 11:00:33 +0000
The New York State Department of Financial Services (DFS) has fined Asurion Insurance Services Inc. and Asurion Protection Services LLC (Asurion) four million dollars for providing inadequate consumer disclosures for insurance offerings for mobile phon...
Thu, 27 Feb 2020 11:00:14 +0000
The New Hampshire Insurance Department has announced that Chris Nicolopoulos was confirmed by the New Hampshire Executive Council as insurance commissioner succeeding John Elias, who resigned in December less than two years after his appointment. Nicol...
Thu, 27 Feb 2020 10:50:21 +0000
In a world facing a climate crisis, investors need to start taking account of carbon emissions and rising temperatures in their decisions, according to Bank of England Governor Mark Carney. The shift in thinking will be key to the industry’s …
Thu, 27 Feb 2020 10:34:40 +0000
AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020. A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a recognized industry …