QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of the group board. Wilkins will step into the role of group chairman on March 1, 2020, and Becker will retire …
Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since 2002. Storm Sabine, which was known …
Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), subject to regulatory and other approvals. PMAP is …
Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the IKEA website, was created to extend …
China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …
A Louisiana appeals court ruled that a former high school student who was hospitalized after being ordered to perform 200 pushups as punishment was rightfully awarded more than $180,000 in damages. Former McKinley High School student Tristen Rushing was late …
Chubb has expanded access of its Incident Alert tool to its Excess Casualty clients during catastrophic events. The tool, which has previously been used by Chubb environmental and cyber customers, now can assist Excess Casualty clients during a catastrophic event …
California Department of Insurance detectives arrested Jonathan Quezada, 28, on multiple felony counts of insurance fraud and workers’ compensation insurance fraud after he allegedly falsified an insurance claim to receive unearned workers’ compensation benefits costing Californians over $22,000. Quezada was …
A Utah county agreed to pay more than $10,000 to settle a lawsuit filed by two Idaho State University football players who said they were falsely arrested during a bank robbery investigation. Nehemiah McFarlin and Atoatasi Fox will receive $5,100 …
A western Iowa school district will pay $4.8 million to settle a lawsuit brought by the family of 16-year-old girl who died in a 2017 school bus fire that also killed the bus driver. Riverside Community School District has reached …