July 7, 2020
New England Insurance Group
Tue, 07 Jul 2020 16:59:10 +0000
Arkansas’ governor on July 3 signed an order allowing cities to enact measures requiring masks in public to prevent the spread of the coronavirus, relenting after opposing such mandates at the state or local level. Gov. Asa Hutchinson signed an …
Tue, 07 Jul 2020 16:56:44 +0000
NEW YORK — Harvey Weinstein and his former studio’s board have reached a nearly $19 million settlement with dozens of his sexual misconduct accusers, New York state’s attorney general and lawyers in a class-action lawsuit said last week. The agreement …
Tue, 07 Jul 2020 16:49:11 +0000
Alera Group has appointed Jim Wochele national vice president of Sales Development. Based in Cleveland, Ohio, Wochele will oversee sales training and development, strategy and execution across the United States. Wochele is an accomplished consultant, s...
Tue, 07 Jul 2020 16:39:34 +0000
Talisman Casualty Insurance Co. of Nevada has launched a surety program designed to help its captive clients avoid the possibility of losses caused by a failure on the principal’s part to meet the obligations of their contracts. Surety bonds are …
Tue, 07 Jul 2020 16:26:26 +0000
The Louisiana Workforce Commission (LWC) will receive $3.45 million from U.S. Department of Labor to support the expansion of its registered apprenticeship programs. The funding received, is part of the USDOL’s “Building State Capacity to Expand Appren...
Tue, 07 Jul 2020 16:24:01 +0000
Ray Harkins will retire as executive vice president and chief underwriting officer, Reinsurance, at St. Louis, Missouri-based Safety National Re. Bob King has been tapped to succeed him as senior vice president and chief underwriting officer, Reinsuran...
Tue, 07 Jul 2020 16:16:07 +0000
Authorities are blaming fireworks for a blaze that caused an estimated $10,500 in damage to a Junction City, Kansas, duplex. WIBW-TV reports that the fire was reported around 4:20 a.m. Sunday on the northeast edge of the city. Junction City …
Tue, 07 Jul 2020 14:50:23 +0000
Nevada health officials reported 843 more confirmed cases of coronavirus on Sunday and four more known deaths. The cumulative number of statewide COVID-19 cases now is 22,418 with 534 known deaths. That’s 1,700 more patients since July 2 when the …
Tue, 07 Jul 2020 14:48:19 +0000
The Anchorage Department of Health released a list of businesses where people who later tested positive for COVID-19 spent extended periods of time. The health department named 19 locations in the Municipality of Anchorage, Palmer and Seward to which t...
Tue, 07 Jul 2020 14:46:17 +0000
California firefighters are battling large wildfires in Santa Clara and Los Angeles counties. A fire that has burned more than 2.3 square miles north of Gilroy was 15% contained as of Monday, and a smaller fire east of Morgan Hill …
Tue, 07 Jul 2020 13:30:45 +0000
Chubb’s disclosure of second quarter 2020 global net catastrophe losses underscores the damage COVID-19 is doing to some carriers’ bottom lines. The global property/casualty insurer estimated $1.8 billion in pretax catastrophe losses for Q2, or $1.5 bi...
Tue, 07 Jul 2020 13:23:14 +0000
The Vermont Superior Court for Washington County has placed Global Hawk Insurance Company Risk Retention Group (Global Hawk RRG) into liquidation as of June 8, 2020. The liquidation is being handled by the Vermont Department of Financial Regulation, as...
Tue, 07 Jul 2020 13:00:06 +0000
Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire globe at once. Fraud-prevention advocates have long been warning about the coming increase in fraudulent claim...
Tue, 07 Jul 2020 12:37:22 +0000
A multistory health club shuttered by the coronavirus pandemic collapsed into a heap of rubble on a Brooklyn street Wednesday, three weeks after building inspectors ordered a halt to some construction work at the location because of structural problems...
Tue, 07 Jul 2020 12:21:35 +0000
Industry advisory firm TigerRisk Partners announced that Joe Jackson has joined its North American team. Jackson joins TigerRisk from Aon, where he was managing director of Reinsurance Solutions. He joined Benfield (later Aon) in 2006 and developed spe...
Tue, 07 Jul 2020 12:19:52 +0000
Bayer shares fell more 6% on Tuesday after a U.S. judge questioned part of the German company’s proposed settlement to deal with future claims relating to allegations that its widely used weedkiller Roundup caused cancer. Last month Bayer agreed to …
Tue, 07 Jul 2020 11:28:44 +0000
Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration with Microsoft and IT consulta...
Tue, 07 Jul 2020 10:41:04 +0000
The insurance industry’s loss footprint for the Australian bushfires of 2019/2020 is estimated at A$1.9 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. The ind...
Tue, 07 Jul 2020 09:20:05 +0000
Argo Group International Holdings Ltd., the Bermuda-based specialty re/insurer, announced an update to senior leadership team responsibilities and the launch of an outside search for a chief financial officer to succeed Jay S. Bullock, who is leaving t...
Tue, 07 Jul 2020 08:46:29 +0000
Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for business interruptions caused by th...
Tue, 07 Jul 2020 08:29:26 +0000
GENEVA/MOSCOW – Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking some of the worst wildfires the region has ever known, European Union (EU) data showed on Tuesday. Global temperatures last …
Tue, 07 Jul 2020 08:00:12 +0000
A trial court judge in Lansing, Michigan handed a victory to insurers in what may be the nation’s first final ruling on the question of whether a property insurer is liable for financial damages caused by a coronavirus closure order. …
Tue, 07 Jul 2020 07:49:28 +0000
BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of suspects in a multi-billion-dollar fraud investigation into the collapse of the payments company. The Muni...
Tue, 07 Jul 2020 07:25:40 +0000
CHENNAI/SEOUL – An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on …
Tue, 07 Jul 2020 07:02:32 +0000
Russia’s environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel (Nornickel) to pay almost 148 billion roubles ($2 billion) in damages over an Arctic fuel spill in Siberia. Rosprirodnadzor said in a statement on Monda...
Tue, 07 Jul 2020 06:55:23 +0000
Just a few weeks ago, Tennessee looked like a sure bet to become the latest state to protect businesses and other organizations from lawsuits by people impacted by the coronavirus in the push to reopen the economy. Republican Gov. Bill …
Tue, 07 Jul 2020 06:48:50 +0000
Government health insurance provider Centene Corp. said on Wednesday it will build an East Coast campus in Charlotte, North Carolina, developing a $1 billion construction project that’s expected to create more than 3,200 new jobs by 2032. Gov. Roy Coop...
Tue, 07 Jul 2020 06:35:32 +0000
Sunstar Insurance Group, LLC has completed a majority recapitalization with BBH Capital Partners (BBHCP), the private equity strategy of Brown Brothers Harriman & Co. (BBH). Terms of the transaction were not disclosed. As part of the transaction, Sunst...
Tue, 07 Jul 2020 05:00:25 +0000
Has the coronavirus experience changed how property/casualty insurance professionals view their jobs? Yes and no. The biggest change is that many in the industry learned they can do their job from home, and most, although not all, like that. That’s …
Tue, 07 Jul 2020 01:45:47 +0000
Leaders in two of Texas’ biggest cities are calling on the governor to empower local governments to order residents to stay home as the state’s continued surge in coronavirus cases tests hospital capacity. Austin Mayor Steve Adler told CNN’s “State …