Zurich Insurance estimates that the overall property and casualty (P&C) claims from the COVID-19 pandemic will be in the region of $750 million for 2020. To put that into context, Zurich’s CFO George Quinn said the expected COVID-19 claim level …
Texas surplus lines premium during the month of April 2020 reached $741.68 million, according to the Surplus Lines Stamping Office of Texas (SLTX). This is a 14.8% increase over the same period in 2019, SLTX reported. Additionally, through April, each …
The Oklahoma Senate has approved legislation giving liability relief to essential businesses and those working to safely reopen, as well as a measure protecting manufacturers and people who make or donate materials related to the COVID-19 pandemic. A previously passed …
A big and long-awaited boost for cannabis – and those who offer financial products to cannabis businesses – now in the hands of Congress may not only help usher the industry through the coming pandemic-ridden economic slump, it could have …
Louisiana lawmakers won’t try to force business interruption insurance policies to cover the widespread closures caused by the COVID-19 pandemic. Sen. Rick Ward, a Port Allen Republican, shelved the proposal amid concerns it could crater the state’s insurance industry and …
An Arkansas theater will face consequences that could be enforced by the police if it proceeds with its plan to defy the state’s coronavirus restrictions by holding what could be the country’s first major concert this far into the pandemic, …
California Insurance Commissioner Ricardo Lara on Wednesday announced the newest members of the Insurance Diversity Task Force, which makes recommendations to the commissioner on ways to increase diversity within the industry. Lara’s newest appointments include the first Hmong-American member, and …
New emergency rules adopted on Wednesday regarding temporary farmworker housing are designed to help increase worker safety and reduce the spread of COVID-19, those who created the rules say. The rules detail specific steps required at farms where temporary workers …
Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud. Launching in 2021, Ki will be a “follow-only” syndicate, aiming to significantly reduce the amount of time and effort …
MIB Group Inc. has appointed Andrea Caruso and Trey Reynolds to executive leadership positions and promoted MIB veteran Brian Millman to head its Electronic Health Records (EHR) Solutions platform. These organizational changes will be effective May 15, 2020. Caruso joins …