Wed, 01 Apr 2020 15:16:53 +0000
New Mexico has a new tool that could help crews get an early jump on any wildfires that might break out. The State Forestry Division will be getting real-time alerts via a satellite tracking system designed by the Santa Fe-based …
Wed, 01 Apr 2020 15:15:10 +0000
A woman has been arrested in an arson attempt at her Glendale business last month, according to authorities. Police said 44-year-old Claudia Ramirez was taken into custody on suspicion of arson of an occupied structure. A Molotov cocktail was thrown …
Wed, 01 Apr 2020 15:10:23 +0000
Washington Gov. Jay Inslee has signed the first U.S. state law that sharply curbs law enforcement’s use of facial recognition technology, while civil rights activists said the measure did not go far enough to protect marginalized groups. Facial recogni...
Wed, 01 Apr 2020 14:12:38 +0000
New Hampshire’s getting an additional $147 million from the massive coronavirus aid package signed into law by President Donald Trump, the state’s congressional delegation said Tuesday. Funding will go to schools; public transit; health care workers; l...
Wed, 01 Apr 2020 14:04:43 +0000
Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after the COVID-19 outbreak, according to Willis Re. “The global reinsurance market has shown immediate resilience to operatin...
Wed, 01 Apr 2020 14:04:42 +0000
An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and commercial auto policies to help them get through the coronavirus crisis. Next’s founder and CEO, Guy Goldstein sa...
Wed, 01 Apr 2020 13:24:24 +0000
BEIJING, April 1 (Reuters) – China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of Sino-U.S. phase one …
Wed, 01 Apr 2020 13:08:19 +0000
CCG IQ, a provider of tech-enabled insurance services, has acquired The UIS Group. CCG IQ anticipates that the addition of this business will enhance its suite of services for insurance companies, according to a company press release. Connecticut-based...
Wed, 01 Apr 2020 13:02:18 +0000
A Delaware judge has granted the DuPont Co.’s request to dismiss a lawsuit alleging that it massively downplayed the cost of environmental liabilities imposed on spinoff company Chemours. Vice Chancellor Sam Glasscock III ruled Monday that he has no ju...
Wed, 01 Apr 2020 12:14:44 +0000
Walmart Inc. will provide masks and gloves for its workers and take their temperature before shifts, the latest moves by the nation’s biggest private employer to ensure the safety concerns of its front-line employees. The company will begin supplying “...
Wed, 01 Apr 2020 09:15:42 +0000
Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has completed the acquisition of the trade credit business of Howden UK Group Ltd. Financial details of the transaction, which was first...
Wed, 01 Apr 2020 08:42:51 +0000
Fitch Ratings has revised the rating watch to evolving from negative on all ratings for Sirius International Group, Ltd. and its operating subsidiaries, including its ‘A-‘ (Strong) Insurer Financial Strength (IFS) rating, its ‘BBB’ Long-Term Issuer Def...
Wed, 01 Apr 2020 07:52:18 +0000
Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great uncertainty” caused by the macroeconomic and financial impacts of COVID-19 in combination with the reinsurer’s expected man-made and natural...
Wed, 01 Apr 2020 07:16:06 +0000
Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for policyholders in light of the current coronavirus outbreak, as well as confirmed that insurance operations can conti...
Wed, 01 Apr 2020 06:40:27 +0000
European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without insurance, companies can be reluct...
Wed, 01 Apr 2020 06:30:22 +0000
National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the matter. In addition to the market rout, bids …
Wed, 01 Apr 2020 06:25:50 +0000
Watch the Full Interview Florida is a catastrophe-prone state when it comes to weather, but the challenges brought about from a non weather-catastrophe like the current COVID-19 pandemic bring about a host of new issues that Florida insurance agents are …
Wed, 01 Apr 2020 05:00:33 +0000
The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Officials from the U.S. Treasury and Small Business...
Wed, 01 Apr 2020 05:00:26 +0000
Insurance Office of America has added Paul Carroll and Jeri Ballew to its employee benefits services division in Las Vegas, Nev. Carroll founded The Westek Group, which specializes in the design, implementation, and administration of employee benefit p...
Wed, 01 Apr 2020 05:00:14 +0000
A Delaware judge has granted the DuPont Co.’s request to dismiss a lawsuit alleging that it massively downplayed the cost of environmental liabilities imposed on spinoff company Chemours. Vice Chancellor Sam Glasscock III ruled Monday that he has no ju...
Wed, 01 Apr 2020 04:37:40 +0000
A tornado hit Henderson County over the weekend, damaging homes and downing trees and electrical poles, but no injuries were reported, according to The Gleaner. On Sunday, the National Weather Service office in Paducah confirmed that a tornado hit Hend...
Wed, 01 Apr 2020 02:26:24 +0000
Marriott International Inc. said on Tuesday information of about 5.2 million hotel guests was breached, the second such incident for the hotel operator in less than two years. It said the breached information, including contact details, loyalty account...
Tue, 31 Mar 2020 16:51:39 +0000
Iowa’s workplace safety agency wants to fine an eastern Iowa animal food operation for workplace safety violations, saying it has exposed employees to risks that include long falls. The Occupational Safety and Health Administration wants to impose fine...
Tue, 31 Mar 2020 16:50:40 +0000
Fort Worth, Texas-headquartered insurance and financial services firm, Higginbotham, is purchasing meals from local eateries that have temporarily reduced their operations to take-out and delivery due to COVID-19 mandates. The food deliveries go to tho...
Tue, 31 Mar 2020 16:49:03 +0000
Workers’ compensation insurer, Texas Mutual Insurance Co., is donating $2 million in grant funding for nonprofit organizations across the state that are vital to COVID-19 relief and recovery. The grants will go to 40 nonprofit organizations, including ...
Tue, 31 Mar 2020 16:47:56 +0000
The Ohio Department of Insurance announced the extension of license renewal dates during the state of emergency declared by Gov. Mike DeWine in response to the COVID-19 pandemic. The department said if a license expires during the state of emergency, …
Tue, 31 Mar 2020 16:38:55 +0000
The Texas Department of Insurance (TDI) said it is expediting approvals for property/casualty filings that provide additional coverage or relief to policyholders during the COVID-19 outbreak. Recent filings related to COVID-19 include: Some auto insure...
Tue, 31 Mar 2020 16:32:55 +0000
North Dakota Insurance Commissioner Jon Godfread has issued a number of bulletins offering guidance to the insurance industry in response to executive orders made by Gov. Doug Burgum, and in the interest of protecting North Dakotans during the COVID-19...
Tue, 31 Mar 2020 15:19:56 +0000
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and stay-at-home measures necessitated by the coronavirus crisis. ...
Tue, 31 Mar 2020 14:35:25 +0000
A fire in New Hampshire destroyed several apartment buildings Friday and displaced 12 families. Manchester fire officials say that two multi-level apartment buildings were complete losses, WMUR-TV reported. Several surrounding buildings and several car...