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15 05, 2020

New York’s Simco Insurance Center Joins Satellite Agency Network Group

By | May 15th, 2020|Uncategorized|Comments Off on New York’s Simco Insurance Center Joins Satellite Agency Network Group

Simco Insurance Center recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. Established in 2005, Simco Insurance Center is a family-owned business serving the insurance needs of families and businesses in western …

15 05, 2020

Typhoon Vongfong Tests Philippines’ Ability to Protect Evacuees from Coronavirus

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Typhoon Vongfong forced more than 150,000 people in the Philippines to leave their homes, risking coronavirus infection as they move to usually packed shelters. Intense rains and strong winds damaged houses and crops as the first typhoon to enter the …

15 05, 2020

AXA’s Wattez-Richard Receives 1st Geneva Association Women-in-Insurance Award

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The first annual Geneva Association Women in Insurance Award has been presented to Garance Wattez-Richard, CEO of AXA Emerging Customers, for her work in tackling the insurance protection gap and protecting underserved populations in emerging markets. Wattez-Richard founded AXA’s Emerging …

15 05, 2020

Business Interruption Claimants Like How Some Localities Worded Emergency Orders

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Cities and counties across the country may have handed plaintiff’s attorneys an argument to use in lawsuits against insurers that seek business-interruption coverage for losses caused by coronavirus closure orders. Jurisdictions as far asunder as Los Angeles, Calif. and Key …

15 05, 2020

Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding

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Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence Capital (AIC), with additional support from existing investors including …

15 05, 2020

Few Coronavirus Liability Lawsuits Have Been Filed Thus Far

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Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus. But so far, court records show few such cases …

15 05, 2020

Study Finds State, Local Measures Have Reduced Coronavirus Cases by 34 Million

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A new report titled, “Strong Social Distancing Measures in the United States Reduced the COVID-19 Growth Rate” finds that steps taken to reduce the spread of corononavirus by state and local governments have had a major impact. The results imply …

15 05, 2020

U.S. Issues Maritime Advisory on Sanctions for Ship Owners, Insurers

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WASHINGTON/LONDON (Reuters) – The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and senior State Department official said they were modified following months of discussions with …

15 05, 2020

California Music Venues Sue Insurer over Business Interruption Related to COVID-19

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San Francisco Bay Area-based music venue Ivy Room has filed a class action lawsuit on behalf of California-based music venues against a major insurance provider, saying the venues were wrongfully denied coverage for losses resulting from public health shutdowns related …

15 05, 2020

Wolf Administration Warns Pennsylvania Businesses Defying Shutdown Order

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The administration of Pennsylvania Governor Tom Wolf issued a warning Monday to businesses that choose to open in defiance of the pandemic shutdown, saying they could be jeopardizing their insurance coverage. With several counties in open rebellion against Wolf’s restrictions …