Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the latest …
A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected. One outcome from the process could include an order from the Financial Sector Conduct Authority on the fairness of wording …
Texas Gov. Greg Abbott didn’t predict that the number of COVID-19 cases would fall as the state allowed businesses and cultural centers to reopen. In fact, he said allowing more people back into public places could increase the spread of …
Note: In a previous story about there being fewer tornadoes in Oklahoma thus far in 2020, The Associated Press erroneously reported the number of tornadoes through the first five months of 2019. There were 127, not 186 during that time …
Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the firm from LWI employees and Crawford & Co. Financial terms of the …
Google filed a lawsuit accusing home speaker maker Sonos Inc. of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe. In a complaint filed on Thursday in San …
S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries, with a stable outlook. The stable outlook reflects S&P’s view that Munich Re will maintain capital adequacy above the “AA” …
A city in northern Alabama will pay a ransom worth $300,000 in Bitcoins in response to a hack of its computer system. Florence City Council voted unanimously at an emergency meeting Wednesday evening to make the payment from the city’s …
A Louisiana man who insurance regulators say continued to transact insurance business after having had his state insurance licensed revoked has been issued a cease and desist order by Insurance Commissioner Jim Donelon. The Louisiana Department of Insurance reported that …
W.E. Love & Associates (WEL), an XPT Group company, has hired Christopher Joyce, who joins as underwriter. Joyce will continue his career as a specialist in the transportation niche, as WEL continues to expand its transportation group. Over the past …